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$ 2,400,000
Est. payment /mo
Active Under Contract
2427 Margaret Drive Newport Beach, CA 92663
4 Beds
2 Baths
1,159 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,159 sqft
Price per Sqft $2,070
MLS Listing ID CRPW25174094
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1954
Lot Size 8,662 Sqft
Acres 0.1989
Property Sub-Type Single Family Residence
Property Description
Located in the prestigious Newport Heights neighborhood, this 8,662 sq. ft. lot presents a rare opportunity to build your dream home or redevelop for investment. Nestled in one of Newport Beach’s most desirable areas, the property is surrounded by tree-lined streets, award-winning schools, vibrant dining, and world-class beaches. It offers incredible potential for crafting a custom residence that embodies the quintessential Southern California lifestyle. Whether you envision a sleek modern design or a classic coastal retreat, the possibilities are endless. With proximity to Newport Harbor, Balboa Peninsula, Hoag Hospital, Fashion Island, parks, and scenic trails, the location is both convenient and enviable. Newport Heights is celebrated for its strong sense of community and upscale living, making this an exceptional place to call home. Opportunities like this are increasingly rare, where the value lies not only in the land but in the lifestyle it offers. The property is being sold as-is. The Sellers would like a 60-day escrow. Buyers are advised to verify all potential uses with the city and relevant & authorities.
Location
State CA
County Orange
Interior
Heating Central
Cooling None
Fireplaces Type Family Room
Fireplace Yes
Laundry None
Exterior
Exterior Feature Back Yard
Garage Spaces 1.0
Pool None
View Y/N false
View None
Total Parking Spaces 1
Private Pool false
Building
Lot Description Back Yard, Street Light(s)
Story 1
Level or Stories One Story
New Construction No
Schools
School District Newport-Mesa Unified
Others
Tax ID 42510111
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Lucia Proulx • Coldwell Banker Realty