- 4 Beds
- 2 Baths
- 1,159 Sqft
- .2 Acres
2427 Margaret Drive
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.
Essential Information
- MLS® #PW25174094
- Price$2,400,000
- Bedrooms4
- Bathrooms2.00
- Full Baths2
- Square Footage1,159
- Acres0.20
- Year Built1954
- TypeResidential
- Sub-TypeSingle Family Residence
- StatusActive Under Contract
Community Information
- Address2427 Margaret Drive
- AreaN6 - Newport Heights
- SubdivisionNewport Heights (NEWH)
- CityNewport Beach
- CountyOrange
- Zip Code92663
Amenities
- Parking Spaces1
- # of Garages1
- ViewNone
- PoolNone
Interior
- HeatingCentral
- CoolingNone
- FireplaceYes
- FireplacesFamily Room
- # of Stories1
- StoriesOne
Interior Features
Separate/Formal Dining Room, All Bedrooms Down
Exterior
- Lot DescriptionBack Yard
School Information
- DistrictNewport Mesa Unified
Additional Information
- Date ListedAugust 2nd, 2025
- Days on Market11
Listing Details
- AgentLucia Proulx
- OfficeColdwell Banker Realty
Price Change History for 2427 Margaret Drive, Newport Beach, (MLS® #PW25174094)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – |
Lucia Proulx, Coldwell Banker Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of August 14th, 2025 at 12:57pm PDT. 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.