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Property photo 1 of 2427 Margaret Dr, Newport Beach
Property photo 2 of 2427 Margaret Dr, Newport Beach
Property photo 3 of 2427 Margaret Dr, Newport Beach
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2427 Margaret Dr
Newport Beach, CA 92663
Newport Heights Area
Price:$2,400,000
$2,070.75 / Sq.Ft.
Bedroom:4Bathroom:2
Sq. Ft.:1,159Year Built:1954
Type:Single Family Residence, Detached
MLS #:PW25174094Status:Backup Offer
Listed:8/2/2025Modified:8/11/2025
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 & authorities.
Rooms Amenities
  • 4 Bedrooms
  • 2 Full Baths
  • Bedrooms: All Bedrooms Down, Living Room
  • Dining: Formal Dining Room
  • View: None
 
  • # of Garages: 1
  • Pool: None
  • Spa: None
Interior Exterior/Structural
  • Heating: Central Furnace
  • Cooling: None
 
  • Stories: One Level
Lot Description Community/Association
  • Lot Sq. Ft.: 8,662
  • Acres: 0.199
 
  • Orange County
  • Area: Newport Heights
  • School District: Newport-Mesa Unified
  • HOA: $0 +
  • Builder Tract: Newport Heights (NEWH)
Price Information Listing Information
  • Current Price: $2,400,000
  • Original Price: $2,400,000
  • Price/Sq. Ft.: $2,070.75
 
  • List Type: Standard
  • Listed Date: 8/2/2025
  • Modified Date: 8/11/2025
Listing Agent Listing Office
Lucia Proulx
714-815-3644
 Coldwell Banker Realty
 
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  Need Help?
Jessica Son
Jessica Son
DRE# 02205271
Call 562-325-0503
to refer to MLS # PW25174094
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The information above, though secured from sources believed to be reliable, cannot be guaranteed. The buyer should independently verify this information to his/her satisfaction. Coldwell Banker Best Realty may or may not be the listing broker of this property. In either case, where allowed by law, Coldwell Banker Best Realty can represent you in the purchase of this property.

Based on information from California Regional Multiple Listing Service, Inc. as of 8/11/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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