3900 Channel Pl, NEWPORT BEACH, CA 92663 | Rela
3900 Channel Place
REDUCED TO SELL
$5,999,000
4beds
5baths
3,937sqft
10,698sf lot
Overview

This multi-generational property has been owned by the same local prominent family for over 50 years. It took them nearly a decade, back in the mid 1900s to acquire these 3 "R2" parcels in a row, located in a premium bayfront location on Newport Island, Newport Beach. Arguably the most unique quality is that the city still recognizes there to be 3, (est) 30 foot wide R2 parcels ready for development as there are still 3 individual utility laterals running under each parcel. This marks an exciting opportunity to enjoy the recently remodeled beach house that retains its mid-century character, while having an incredible investment/development opportunity in the land below for future use. The current boat dock can accommodate a vessel up to 50 feet! Currently priced at land value, don't let this exceptional opportunity pass you by.

Features
Land Value
Large Lot
Shopping Nearby

Jason Bradshaw

Coldwell Banker | Global Luxury, Bradshaw Residential Group
(949) 433-3001
01304396

Darren Smith

Coldwell Banker | Global Luxury, Bradshaw Residential Group
(949) 887-0643
01233459
Address

3900 Channel Pl
NEWPORT BEACH, CA 92663

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