1824 W Oceanfront, Newport Beach, 92663

Residential - Single Family For Sale in Balboa Peninsula (Residential) (BALP)

$17,500,000

3Beds
4Baths
3,377Sqft
.26Acres
5Garages
1946Built
17DOM
MLS® #: NP20092385
Active, 17 Days on Market

An extraordinary oceanfront estate opportunity that has resided in the same family since 1937. Highlighted by expansive ocean views, a broad verdant lawn and abundant mature foliage this warm, traditional-style beach home spans three contiguous lots and ninety-feet of water frontage. Sited on a corner parcel of over 11,300 square feet the timeless residence is positioned at the rear portion of the parcel – away from the boardwalk and benefiting from unquestionable privacy, a panorama of views, flowering gardens and an elegantly proportioned 55 foot pool. Rich with possibilities the property holds a Multi-Unit Residential (RM) zoning designation. Per the City of Newport Beach should the existing residence be demolished three individual lots as configured in the initial subdivision of this property would exist. One of the few remaining opportunities along the Southern California Coast to own a triple lot parcel with tremendous flexibility of use. Construct an unparalleled oceanfront compound. Develop multiple single family or duplex condominium residences. Re-envision the site as one larger multi-unit structure spanning three lots. Or enjoy the classic beach home that exists today. A legacy oceanfront property that is without peer.

Essential Information

MLS® #: NP20092385
Price: $17,500,000
Bedrooms: 3
Bathrooms: 4.00
Full Baths: 3
Half Baths: 1
Square Footage: 3,377
Acres: 0.26
Year Built: 1946
Type: Residential
Sub-Type: Single Family
Style: Traditional
Status: Active

Community Information

Address: 1824 W Oceanfront
Area: Balboa Peninsula (NP)
Subdivision: Balboa Peninsula (Residential) (BALP)
City: Newport Beach
County: Orange
State: CA
Zip Code: 92663

Amenities

Utilities: Electricity Connected, Natural Gas Connected, Telephone - On Property, Sewer Connected, Water Connected
Parking Spaces: 5
Parking: Direct Garage Access, Garage - Three Door, Oversized, See Remarks
# of Garages: 5
View: Catalina View, Coastline View, Ocean View, Panoramic View, Water View, White Water View
Is Waterfront: Yes
Waterfront: Ocean Front, Beach Front
Has Pool: Yes
Pool: Private Pool, Heated, In Ground

Interior

Heating: Forced Air, Natural Gas
Cooling: None
Fireplace: Yes
Fireplaces: See Remarks
# of Stories: 2
Stories: Two

Exterior

Lot Description: Corner Lot, Front Yard, Garden, Lot 10000-19999 Sqft, Sprinkler System, Value In Land

School Information

District: Newport Mesa Unified

Additional Information

Date Listed: May 15th, 2020
Days on Market: 17
HOA Fees: 0.00

Listing Details

Listing Agent: Tara Foster Shapiro(01892201)
Listing Office: Pacific Sotheby's Int'l Realty

Financials

$/SqFt: $5,182

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Listing information last updated on June 2nd, 2020 at 8:15pm PDT.

Based on information from California Regional Multiple Listing Service, Inc. as of June 2nd, 2020 at 8:46pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.