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2427 Margaret Drive, 
Newport Beach, CA 92663

$2,400,000


4

Beds


2

Baths


1,159

Sq Ft


Single Family

Active

Listed by

Lucia Proulx

Coldwell Banker Realty

Last updated:

August 9, 2025, 02:26 PM

MLS#

PW25174094

Source:

SANDICOR

About This Home

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.

Home Facts

Single Family

2 Baths

4 Bedrooms

Built in 1954

Price Summary

2,400,000

$2,070 per Sq. Ft.

MLS #:

PW25174094

Last Updated:

August 9, 2025, 02:26 PM

Added:

8 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,159 Sq. Ft.


Structure

Structure

Building Area:

1,159 Sq. Ft.

Year Built:

1954


Finances & Disclosures

Finances

Price:

$2,400,000

Price per Sq. Ft:

$2,070 per Sq. Ft.

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