Asking Price: $5,200,000

Subject to cancellation of existing escrow. Best development opportunity on the market in Newport Beach. Set high on the cliff with straight-on ocean and harbor views, this is the kind of vantage point that almost never comes available. No angles, no peeking through rooftops, just wide-open water, boats moving through the harbor, and clear-day views all the way to Catalina Island. The two existing structures are a teardown, which is exactly where the opportunity lives. You’re starting clean on one of the most valuable view lots in the area, surrounded by new high-end builds pushing values higher. Build up and you unlock multiple levels of unobstructed ocean and harbor views, plus a front-row seat to the Newport Beach Christmas Boat Parade. Opportunities with this kind of view, positioning and future value rarely hit the market and are gone quickly. (Previous days on market INCORRECT).