Listing Agent: Brenda Olson      Broker/Office: Coldwell Banker Realty
426 El Modena Avenue Newport Beach CA 92663
$ 3,850,000
  3   |    2   |    1332 Sq Feet

Listing ID

#PV26172329

Status

Coming Soon

Property Type

Single Family Residence

Property Style

Ranch

County

Orange

Neighborhood

Newport Heights (NEWH)

Year Built

1955

Days on website

2

Description
An opportunity like this rarely comes to market in Newport Heights. Situated on one of the neighborhood's quietest and most desirable streets (just behind Kings Road), 426 El Modena offers an extraordinary chance to build a legacy home on an oversized 9,500+ square foot lot. In a community where parcels exceeding 6,200 square feet are exceptionally rare, opportunities of this scale have become nearly impossible to find.

The existing residence is being offered as-is and is considered a prime redevelopment opportunity, making this the perfect canvas to design and build your dream home. From the street, you'll enjoy ocean views that further elevate the property's unique appeal and reinforce its exceptional location.

Surrounded by luxury homes, El Modena has experienced remarkable appreciation, with newly renovated and newly constructed homes on significantly smaller lots commanding $5–6 million and beyond. The neighboring property at 426 El Modena is a strong example of the quality and value this coveted street now represents.

https://www.wellcomemat.com/mls/54fbaf64b5e31mo93

For buyers looking to create a custom residence in one of Newport Beach's most sought-after neighborhoods, this property presents an exceptional opportunity. The combination of lot size, location, and long-term upside is virtually unmatched in today's market.
Location
Financial Information
List Price:  $ 3850000
Property Features
Accessibility Features:  Parking
Appliances:  Dishwasher, Disposal
Community Features:  Biking, Fishing, Golf, Hiking, Park
Fireplace Features:  Gas
Flooring:  Carpet
Heating:  Wood
High School District:  Newport Mesa Unified
Levels:  One
Lot Features:  Lawn
Patio And Porch Features:  Patio
Senior Community YN:  false
Structure Type:  House
View:  Neighborhood, Ocean
Water Source:  Public
High School District:  Newport Mesa Unified
Senior Community YN:  false
MLS Area Major:  N6 - Newport Heights
City:  Newport Beach
Listed By:   Brenda Olson   Coldwell Banker Realty 
CA Lic#