2427 Margaret Drive, Newport Beach, CA 92663 - Photo 1 of 3, Newport Beach, CA
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Sold$2,725,000on Oct 20, 2025

2427 Margaret Drive, Newport Beach, CA 92663

Coldwell Banker Realty
4Beds
2Baths
1,159Sq Ft
1Parking
1954Built
9Days Listed

About This Property

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 Beachs 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.

Lucia ProulxColdwell Banker Realty714-815-3644

Property Location

Map

Property Details

Property Type
Detached
Bedrooms
4
Bathrooms
2
Building Area
1,159 Sqft
Living Area
1,159 sqft
Year Built
1954
Stories
1.0
Status
Sold
Days on Market
9
Cumulative Days on Market
10
Original Price
$2,400,000

Location & Neighborhood

Local schools, parks, transit, and amenity information is being gathered for this listing. Check back soon for detailed neighborhood insights.

Newport Beach Market Snapshot

276

Active Listings

$4.4M

Median Price

66

Avg Days on Market

Last updated: Nov 4, 2025

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Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. 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.

$2,400,000