Located in the prestigious Newport Heights neighborhood, this 8,662 sq. ft. lot presents a rare opportunity to build your dream home or redevelop for investment. Nestled in one of Newport Beach’s most desirable areas, the property is surrounded by tree-lined streets, award-winning schools, vibrant dining, and world-class beaches. It offers incredible potential for crafting a custom residence that embodies the quintessential Southern California lifestyle. Whether you envision a sleek modern design or a classic coastal retreat, the possibilities are endless. With proximity to Newport Harbor, Balboa Peninsula, Hoag Hospital, Fashion Island, parks, and scenic trails, the location is both convenient and enviable. Newport Heights is celebrated for its strong sense of community and upscale living, making this an exceptional place to call home. Opportunities like this are increasingly rare, where the value lies not only in the land but in the lifestyle it offers. The property is being sold as-is. The Sellers would like a 60-day escrow. Buyers are advised to verify all potential uses with the city and relevant &' authorities.
Property Details
Price:
$2,400,000
MLS #:
PW25174094
Status:
Active
Beds:
4
Baths:
2
Address:
2427 Margaret Drive
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Newport Heights NEWH
Neighborhood:
n6newportheights
City:
Newport Beach
Listed Date:
Aug 2, 2025
State:
CA
Finished Sq Ft:
1,159
ZIP:
92663
Lot Size:
8,662 sqft / 0.20 acres (approx)
Year Built:
1954
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Schools
School District:
Newport Mesa Unified
Interior
Cooling
None
Fireplace Features
Family Room
Heating
Central
Exterior
Community Features
Sidewalks, Street Lights
Garage Spaces
1.00
Lot Features
Back Yard
Parking Spots
1.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address2427 Margaret Drive Newport Beach CA
- AreaN6 – Newport Heights
- SubdivisionNewport Heights (NEWH)
- CityNewport Beach
- CountyOrange
- Zip Code92663
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2427 Margaret Drive
Newport Beach, CA
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