For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $2,550,000
Property Type Townhouse
Sub Type Townhome
Listing Status Sold
Purchase Type For Sale
Square Footage 1,374 sqft
Price per Sqft $1,855
MLS Listing ID OC23016140
Sold Date 03/10/23
Style Townhome
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1960
Lot Size 4,029 Sqft
Acres 0.0925
Property Description
After more than 50 years, one of the most exclusive and largest interior corner lots on Newport Island is now available at 509 38th Street and 3801 Channel. The possibilities here are endless. Per Architects estimates, a luxurious 4,250 square foot custom home or duplex can be constructed on this 4,029 square foot lot. Currently, 2, 1 bedroom 1 bathroom, nicely appointed units with outdoor patios and two single car garages are available to be rented: each for approximately $3,000 a month. These rentals present a fantastic opportunity to offset carrying costs during the planning process to build or can simply be held as long-term rentals. Newport Island has a very intimate setting, positioned walking distance to the Ocean and steps from the Newport Harbor. Situated on the west side of the Island, Newport Island Park offers a kids play area, half-court basketball and grill area, all while enjoying views of the water. This is an opportunity that may only come once in a lifetime, dont miss it.
After more than 50 years, one of the most exclusive and largest interior corner lots on Newport Island is now available at 509 38th Street and 3801 Channel. The possibilities here are endless. Per Architects estimates, a luxurious 4,250 square foot custom home or duplex can be constructed on this 4,029 square foot lot. Currently, 2, 1 bedroom 1 bathroom, nicely appointed units with outdoor patios and two single car garages are available to be rented: each for approximately $3,000 a month. These rentals present a fantastic opportunity to offset carrying costs during the planning process to build or can simply be held as long-term rentals. Newport Island has a very intimate setting, positioned walking distance to the Ocean and steps from the Newport Harbor. Situated on the west side of the Island, Newport Island Park offers a kids play area, half-court basketball and grill area, all while enjoying views of the water. This is an opportunity that may only come once in a lifetime, dont miss it.
Location
State CA
County Orange
Area Oc - Newport Beach (92663)
Interior
Flooring Laminate, Tile
Equipment Dishwasher, Electric Oven
Appliance Dishwasher, Electric Oven
Laundry Kitchen
Exterior
Garage Garage, Garage - Single Door
Garage Spaces 2.0
Roof Type Composition,Shingle
Total Parking Spaces 4
Building
Lot Description Corner Lot, Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Sewer Public Sewer
Water Public
Level or Stories 1 Story
Others
Monthly Total Fees $42
Acceptable Financing Exchange, Cash To New Loan
Listing Terms Exchange, Cash To New Loan
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Brian Wollner • Coldwell Banker Realty