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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.

Overview

Property Status
Sold
Lot Size
8,662 Sq.Ft.
MLS ID
PW25174094
Property Type
Residential
Year Built
1954

Features & Amenities

View Description
None
Stories
1
Garage Spaces
1.0
Water Source
Public
Pool
None
Lot Features
Back Yard
Heat Type
Central
Air Conditioning
None
Laundry Room
None
Fireplace
Family Room
Other Interior Features
Separate/Formal Dining Room, All Bedrooms Down
Sewer
Public Sewer
School District
Newport Mesa Unified
Sales Price
$2,725,000

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2427 Margaret Drive

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for your interest in 2427 Margaret Drive, Newport Beach, CA 92663

2427 Margaret Drive
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