3900 Channel Pl, NEWPORT BEACH, CA 92663 | Rela
3900 Channel Place
IN ESCROW
$5,999,000
4beds
5baths
3,937sqft
10,698sf lot
Overview

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.

Features
  • Land Value
  • Large Lot
  • Shopping Nearby

Jason Bradshaw

Coldwell Banker | Global Luxury, Bradshaw Residential Group
(949) 433-3001
CalRE #01304396

Darren Smith

Coldwell Banker | Global Luxury, Bradshaw Residential Group
(949) 887-0643
CalRE #01233459
Address

3900 Channel Pl
NEWPORT BEACH, CA 92663

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The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service, and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification. Real estate agents affiliated with Coldwell Banker Residential Brokerage are independent contractor agents and are not employees of the Company. ©2018 Coldwell Banker Residential Brokerage. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Owned by a subsidiary of NRT LLC. Coldwell Banker, the Coldwell Banker Logo, Coldwell Banker Global Luxury and the Coldwell Banker Global Luxury logo service marks are registered or pending registrations owned by Coldwell Banker Real Estate LLC.