$8,200,000
$8,695,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
400 S Bayfront #5 Newport Beach, CA 92662
6 Beds
6 Baths
4,140 SqFt
Key Details
Sold Price $8,200,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 4,140 sqft
Price per Sqft $1,980
Subdivision Balboa Island - Main Island (Balm)
MLS Listing ID NP18082825
Sold Date 10/31/18
Bedrooms 6
Full Baths 5
Half Baths 1
HOA Y/N No
Year Built 1951
Property Description
Spectacular opportunity to own a rare corner DOUBLE LOT on sought-after South Bayfront. Located on the desirable quiet end of Balboa Island, this property offers a truly unique and special chance to own one of the most dynamic pieces of real estate in all of Newport Harbor. Resting on a select corner, this massive parcel, which can be subdivided according to the City of Newport Beach, is ideally situated to afford a new owner the opportunity to build two new custom homes or one large estate with the best views in Newport Beach. The current structure is comprised of five units, including a large
two bedroom “penthouse” unit upstairs, along with four additional one-bedroom units below. The picturesque location would allow the new structure(s) to capture stunning vistas of the Turning Basin, Peninsula, Pavilion, and much more. This property is one of the most uncommon finds to hit the Island market in years. Don’t miss out.
Location
State CA
County Orange
Area N9 - Lower Newport Bay - Balboa Island
Rooms
Main Level Bedrooms 4
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Cooling None
Fireplaces Type Living Room
Fireplace Yes
Laundry Common Area
Exterior
Garage Spaces 2.0
Carport Spaces 3
Garage Description 2.0
Pool None
Community Features Sidewalks
View Y/N Yes
View Bay, City Lights, Coastline
Attached Garage Yes
Total Parking Spaces 5
Private Pool No
Building
Lot Description Value In Land
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 05004313
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Ryan Gunderson • Abrams Coastal Properties
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442