2427 Margaret Drive
Newport Beach, CA, 92663
$2,400,000
4 Beds
2 Baths
1,159 SqFt
0.2 Acres
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$2,400,000
2427 Margaret Drive
Newport Beach, CA, 92663
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 &#38' authorities.

Property Details

Price:
$2,400,000
MLS #:
PW25174094
Status:
Active Under Contract
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

Schools

School District:
Newport Mesa Unified

Interior

Bathrooms
2 Full Bathrooms
Cooling
None
Heating
Central
Laundry Features
None

Exterior

Community Features
Sidewalks, Street Lights
Parking Spots
1.00

Financial

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