5306 Neptune Avenue, Newport Beach, CA 92663

$2,799,000
4
BD
3
BA
1,872
SqFt
List Price
$2,799,000
Status
ACTIVE UNDER CONTRACT
MLS#
NP21230739
Year Built
1987
Bedrooms
4
Bathrooms
3
Living Sq. Ft
1,872
Lot Size
2,160
Acres
0.05
Lot Location
Level, ValueInLand
Days on Market
34
Property Type
Single Family Residential
Property Sub Type
Single Family Residence
Stories
Two Levels

Property Description

Life at the beach is more appealing than ever at this new listing on Neptune Avenue in Newport Beach.This is a great opportunity to purchase a steps-to-sand income property or turn-key family beach house in the near term, with the long term objective of new construction or remodel in a prime location! This nicely remodeled 4 bedroom 3 bath house sits on an estimated 2160 sqft R1 lot. While you’re working on plans (floor-plans available soon), the existing home is recently remodeled and would make a fine rental property for annual rentals, or a hybrid 30 day+ extended stay rental property that sleeps 8 which you can use as your own beach house during vacancies. 3+ car parking on-site. Custom built ins, recessed lighting, remodeled kitchen with granite countertops, and hardwood flooring. This stellar location, two houses to the beach and a block to PCH, make it highly advantageous for development down the road. The residence is merely moments from the world famous echo 56th surf break, fine dining, endless shopping in Fashion Island, parks, coves, golf and award wining schools. Lowest priced single family home on the West Newport Beach Peninsula!

Additional Information

Pool Description
None
Heat
Central
Cooling Description
None
View
None
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
School District
Newport Mesa Unified
Attached Structure
Detached
Number Of Units Total
1

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Christopher Parr from Douglas Elliman Of California,

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.