Property Detail

1824 W Oceanfront

Newport Beach CA 92663

$17,500,000

Status: Active

Property Details

Description

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.

Map Location

Listing provided courtesy of Tara Shapiro of Pacific Sotheby's International Realty. Last updated 2020-06-02 20:32:41.000000. Listing information © 2020 PACIFICSOTHEBYSCOMBINED.
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