Ideally situated at the gateway to the Newport Peninsula, this charming modern rustic home offers an exceptional opportunity to enjoy coastal living in one of Southern California’s most desirable locations — with added upside for investors and developers. Just one block from the beach and moments from the scenic Newport… Read More Harbor canals, this 3-bedroom, 2.5-bathroom property combines livability with outstanding potential. Set on a 2,375 sq. ft. lot with R2 zoning, the home opens the door to a variety of value-add opportunities, including a custom remodel, luxury flip, or ground-up development of a duplex or two-unit investment property. With very high ARVs (After Repair Values) for new or extensively renovated homes nearby, this property offers a compelling canvas for those looking to maximize ROI in a prime coastal location. The home itself features a spacious front courtyard—perfect for entertaining or simply relaxing in the ocean air. A convenient outdoor half-bath, ideal for rinsing off after the beach or hosting guests, enhances the seamless indoor-outdoor lifestyle. Inside, the home’s nearly 1,200 sq. ft. footprint is warm and inviting, with thoughtful details and a touch of rustic character. While the upstairs bathroom has been recently updated and the kitchen is outfitted with premium Viking appliances, there’s also ample opportunity to add value through further updates or expansion. A two-car garage provides valuable off-street parking, and the location offers effortless access to the best of Newport Beach—including top-rated schools, fine dining, vibrant nightlife, and luxury shopping at nearby Fashion Island. Outdoor enthusiasts will appreciate proximity to The Wedge’s world-class surfing and Crystal Cove’s scenic hiking trails, while beach lovers can enjoy the sand and surf just steps away. Whether you’re seeking a full-time residence, weekend retreat, or a project with serious upside, this Newport Beach gem offers a rare combination of location, lifestyle, and development potential — all while avoiding the congestion typically associated with deeper Peninsula properties. Read Less
Property listed by Berkshire Hathaway HomeService, Brian Campbell 949-244-6674
Listing Snapshot
Days Online
416
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
2
Partial Baths
1
Square Ft.
1,183
Lot Size
0.05 Acres
Year Built
1945
MLS Number
OC25072990
30 Days Snapshot Of 92663
$4.54M
+27%
(avg) sold price
10
-44%
homes sold
87
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Freezer, Microwave
Building
Built in 1945, Levels: Two, Living area: 1183, 2 stories, Architectural style: Cottage, Modern, Common walls: NoCommonWalls
Community
Biking, Fishing, Golf, Hiking, Park, StreetLights, WaterSports
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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