2316 Cliff Drive, Newport Beach, California 92663, Newport Beach, - bed, bath
ACTIVE$8,800,000
2316 Cliff Drive, Newport Beach, California 92663
7Beds
6Baths
5,500Sqft
5,625Lot
Year Built
1958
Close
-
List price
$8.8M
Original List price
$8.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC23162193
Home ConditionExcellent
Features
Excellent View: Ocean, Panoramic
Deck
ViewOcean, Panoramic
About this home
Welcome to 2316 Cliff Drive, an extraordinary home in the making, currently undergoing a remarkable transformation. Property is in the development process and priced for the finished product. This sought-after property with breathtaking ocean views, 7 bedrooms, 6 bathrooms, a chef's kitchen, and a stunning rooftop patio is the epitome of coastal luxury. Its open design floods the interior with natural light, seamlessly merging indoor and outdoor living. Located within walking distance to top-rated schools, parks, restaurants, and the beach. This is your opportunity to own an entertainer's dream and coastal masterpiece.
Nearby schools
8/10
Newport Heights Elementary School
Public,•K-6•0.9mi
7/10
Horace Ensign Intermediate School
Public,•7-8•0.2mi
7/10
Newport Harbor High School
Public,•9-12•0.4mi
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (80 Listings) | |
|---|---|---|---|
| Beds | 7 | 4 | 98% |
| Baths | 6 | 4 | 83% |
| Square foot | 5,500 | 2,643 | 94% |
| Lot Size | 5,625 | 3,657 | 63% |
| Price | $8.8M | $4.9M | 88% |
| Price per square foot | $1,600 | $1,838 | 33% |
| Built year | 1958 | 1960 | 46% |
| HOA | |||
| Days on market | 741 | 188 | 99% |
Condition Rating
Excellent
The listing describes the property as undergoing a 'remarkable transformation' and priced for the finished product. It highlights features like a chef's kitchen and multiple bathrooms, suggesting high-end, modern finishes. The image, while an artist's rendering, supports the description of a modern, luxurious coastal home. Given the ongoing development, it's reasonable to assume the finished product will be newly built or fully renovated to current standards.
Pros & Cons
Pros
Ocean View: Breathtaking ocean views and panoramic vistas significantly enhance the property's desirability and market value.
Prime Location: Located in Newport Beach, within walking distance to top-rated schools, parks, restaurants, and the beach, offering a highly desirable lifestyle.
Extensive Renovation: The property is undergoing a remarkable transformation, suggesting modern upgrades and potentially new construction elements, appealing to buyers seeking contemporary living.
Spacious Layout: With 7 bedrooms and 6 bathrooms within 5500 sqft, the property offers ample space for large families or those who enjoy hosting guests.
Rooftop Patio: A stunning rooftop patio provides an exceptional outdoor entertaining space with panoramic views, adding significant value and appeal.
Cons
Ongoing Development: The property is currently under development, which may cause uncertainty regarding the final completion date and potential for construction-related inconveniences.
Price Point: The high list price of $8.8 million may limit the pool of potential buyers, requiring a targeted marketing strategy to reach qualified individuals.
Increased Price: The list price has increased from the original list price of $8.2 million, which may deter some buyers.