Newport Beach, California » Lido Peninsula » 3900 Channel Place

3900 Channel Place

$ 5,700,000

Newport Beach, CA 92663

Closed

4 Beds, 5 Baths, 3,937 sq. ft.

Sold: 09/04/2018

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.

Aerial View:

Quick Facts:

  • Home Size: 3,937 sq.ft.
  • Price/sq.ft.: $1,523.75
  • Lot Size: 10,700 sq.ft.
  • Built in 1954
  • Garages Spaces: 2.00
  • Fireplace

Map:

Property Details:

Assessor’s Parcel Number 42306106
Days on Market 39
Last Modified September 4th at 6:28pm
Listing Status Closed
Price Per Sq. Ft. $1,523.75
Property Type Single Family Residence
Sewage System Sewer Paid
Style Custom Built
Virtual Tour Click here
Water Source Public
Year Built 1954
HOA Dues $40.00

Interior Features:

Bathrooms 5 full baths
Bedrooms 4
Cooling Central
Fireplace Master Bedroom
Floorspace 3,937 sq. ft.
Heating Central Furnace
Laundry Facilities Inside
Rooms Main Floor Master Bedroom
Stories 2

Exterior Details:

Lot Size 10,700 sq. ft.
Garage Spaces 2.00
View Water

Nearby Schools in Newport Beach

School Name Parent Rating Distance Map

4.2 mi.

4.1 mi.

Edison High School

Public - 9-12

3.7 mi.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.


Listing provided courtesy of Jason C Bradshaw at Coldwell Banker Res. Brokerage.


Updated: 2018-09-04 18:28:03

Any questions?