2642 Westminster Place, Costa Mesa, California 92627, Costa Mesa, - bed, bath

home-pic
ACTIVE$2,995,000
2642 Westminster Place, Costa Mesa, California 92627
3Beds
2Baths
1,785Sqft
9,120Lot
Year Built
1952
Close
-
List price
$3M
Original List price
$3M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25197232
Home ConditionFair
Features
View-

About this home

Located at one of the best cul de sacs in Eastside Costa Mesa, this house is one of the few originals ones on this block. Throughout the years, this house has been remodeled and maintained. The existing house which sits on a large 9100+ sq. ft. lot has many development possibilities; it can be expanded or torn down and a large custom one built, the 700+ sq.ft. detached garage/bonus room can be converted into an ADU, the lot can be subdivided and2 new homes built (each with an ADU), or 2 duplexes can be built (4 units). This sale includes approved plans (by the planning department) for a 4418 sq.ft. 4br + office, 4.5bath with 2 car garage, soils and AQMD reports, and boundary survey. Located near the sandy beaches of Newport, the back bay hiking, biking, and horse trails, award winning schools, world class shopping centers of South Coast Plaza and Fashion Island, world class dinning, and places of worship. Bring your architect and your builder and develop your dream project !

Price History

Date
Event
Price
09/02/25
Listing
$2,995,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (106 Listings)
Beds33
50%
Baths23
46%
Square foot1,7851,755
52%
Lot Size9,1206,124
95%
Price$3M$1.88M
85%
Price per square foot$1,678$1,064
95%
Built year19521963
13%
HOA$401
Days on market63166
9%
Condition Rating
Fair

Built in 1952, this property has been 'remodeled and maintained' over the years, but the updates are not recent enough or extensive enough to warrant a higher score. The kitchen features updated shaker-style cabinets but dated granite countertops. Bathrooms are functional with a walk-in shower but have eclectic and somewhat dated finishes. While the hardwood floors are well-maintained, other areas have carpet or laminate. Mini-split AC units provide cooling, but the overall aesthetic is a mix of original character and various updates that show their age. The listing's emphasis on 'development possibilities' including tearing down the existing structure further indicates that the current home, while livable, is not considered a modern, high-value asset.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9120, living area = 1785.
Exceptional Development Potential: The property offers diverse and significant development opportunities, including expansion, new custom build, ADU conversion, lot subdivision for two new homes (each with an ADU), or construction of two duplexes (four units).
Prime Cul-de-Sac Location: Situated on one of the best cul-de-sacs in Eastside Costa Mesa, providing a desirable and potentially quieter living environment with excellent access to local amenities.
Pre-Approved Plans & Due Diligence: Includes approved plans for a substantial 4418 sq.ft. custom home, along with completed soils, AQMD reports, and boundary survey, significantly streamlining future development and reducing initial project risks.
Generous Lot Size: A large 9120 sq. ft. lot provides ample space for ambitious development projects and enhances property value in a highly sought-after coastal area.
Proximity to Premium Amenities & Schools: Located near Newport beaches, back bay trails, award-winning schools (e.g., Mariners Elementary, Newport Harbor High), and world-class shopping/dining, offering an attractive lifestyle.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
High Price Reflects Land Value Only: The nearly $3 million list price is primarily for the land and its extensive development potential, not the existing 1952-built, 1785 sq.ft. home, requiring a buyer with significant capital and redevelopment intent.
Dated Existing Structure: Despite being 'remodeled and maintained,' the 1952-built home is likely to be considered a tear-down or require extensive renovation by a buyer looking to maximize the lot's potential, adding significant upfront costs.
Lack of Desirable Views: The property does not offer any significant views, which can be a disadvantage in a high-value coastal market where panoramic or water views often command a premium.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State