3900 Channel Pl

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.

4
beds

3,937 Sq.Ft. LIVING AREA

10,700 Sq.Ft. lot

Steve High

Steve High

Features & Amenities

Interior

  • total bedrooms4
  • full bathrooms5

Area & Lot

  • Status Sold
  • Living Area3,937 Sq.Ft.
  • Lot Area10,700 Sq.Ft.
  • MLS® IDOC18048145
  • TypeResidential
  • YEAR BUILT1954
  • NeighborhoodNewport Island

Financial

  • Sales Price$5,700,000

Newport Island

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