230 Ocean View Avenue, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE$6,200,000
230 Ocean View Avenue, Newport Beach, California 92663
8Beds
10Baths
9,148Sqft
11,623Lot
Year Built
2025
Close
-
List price
$6.2M
Original List price
$7.59M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25066689
Home ConditionTear down
Features
Excellent View: Catalina, City Lights, Coastline
Deck
Pool
Spa
Patio
ViewCatalina,City Lights,Coastline

About this home

Now offered with a $1,000,000 price reduction. One of the Largest Lots in Newport Heights area. Exceptional opportunity in the heart of Newport Heights, just steps from Mariners Mile dining and shopping. Perched on an elevated lot with sweeping views of Newport Harbor, the Pacific Ocean, and Catalina Island, this property offers rare potential to build a custom estate in one of Newport Beach’s most coveted communities. Approved plans call for a 9,148 sq ft modern residence with 8 bedrooms and 10 bathrooms, featuring dramatic living spaces, a private cinema, game room, elevator, and a primary suite with its own balcony. However, the seller is open to working with a buyer on custom plans if the included designs are not preferred. Located minutes from Newport Harbor, local beaches, world-class shopping at Fashion Island, and top-tier dining, this property offers both luxury and convenience. With proximity to Hoag Hospital, championship golf courses, and premier schools, it’s ideal as a full-time coastal residence or an exquisite vacation retreat. This is a rare chance to build a one-of-a-kind dream home in one of Newport Beach’s most desirable neighborhoods.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-61.0mi
7/10
Horace Ensign Intermediate School
Public,7-80.4mi
7/10
Newport Harbor High School
Public,9-120.5mi

Price History

Date
Event
Price
09/01/25
Price Change
$6,200,000
03/27/25
Listing
$7,590,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (80 Listings)
Beds84
98%
Baths104
98%
Square foot9,1482,643
99%
Lot Size11,6233,657
96%
Price$6.2M$4.9M
68%
Price per square foot$678$1,838
1%
Built year20251962
96%
HOA
Days on market223188
72%
Condition Rating
Tear down

The MLS listing explicitly states 'Year Built: 2025' and describes an 'Exceptional opportunity... to build a custom estate' with 'Approved plans' for a new 9,148 sq ft modern residence. The images provided are architectural renderings of the proposed new home, not photos of an existing structure. While image 6 (satellite view) shows an existing structure on the lot, the entire premise of the listing is to demolish any current structure and build a new, custom home. Therefore, the value is in the land and the potential for redevelopment, making any existing structure a tear-down in the context of this offering.
Pros & Cons

Pros

Exceptional Location & Views: Perched on an elevated lot in the highly desirable Newport Heights, this property offers sweeping panoramic views of Newport Harbor, the Pacific Ocean, and Catalina Island, coupled with immediate proximity to Mariners Mile dining and shopping.
Custom Estate Development Potential: A rare opportunity to build a bespoke 9,148 sq ft modern luxury residence with extensive approved plans (8 beds, 10 baths), offering significant personalization and design flexibility with seller cooperation.
Generous Lot Size: Boasting one of the largest lots in the Newport Heights area (11,623 sq ft), providing ample space for a grand custom home, extensive landscaping, and luxury outdoor amenities.
Strategic Price Adjustment: A recent $1,000,000 price reduction from the original list price enhances the property's value proposition and indicates a potentially motivated seller.
Access to Premier Amenities: Located minutes from Newport Harbor, local beaches, world-class shopping at Fashion Island, top-tier dining, Hoag Hospital, championship golf courses, and highly-rated schools.

Cons

Development Project, Not Move-In Ready: The property is currently a vacant lot with approved plans (year built 2025), requiring a full construction project and significant time before it can be occupied.
Substantial Additional Investment Required: Beyond the purchase price, buyers must budget for the considerable cost of building a 9,148 sq ft luxury home, including construction, high-end finishes, and potential overruns.
Construction Management & Risk: Buyers will be responsible for managing a complex, large-scale construction project, which carries inherent risks, potential delays, and demands significant oversight and expertise.

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