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5901 Seashore Drive, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE$9,900,000
5901 Seashore Drive, Newport Beach, California 92663
0Bed
0Bath
3,185Sqft
2,700Lot
Year Built
1965
Close
-
List price
$9.9M
Original List price
$10.9M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SB25186431
Home ConditionFair
Features
Excellent View: Catalina, Coastline, Ocean, Panoramic, Pier
ViewCatalina, Coastline, Ocean, Panoramic, Pier

About this home

ORIGINAL LIST PRICE $10,900,000, NOW...$9,900,000, ONE OF ONLY 2 OF THE FINEST OCEAN FRONT CORNERS IN WEST NEWPORT, PROVIDES ALL DAY SUN FROM THE LARGEST LOT ON QUIET, UNCROWDED WHITE SAND NON-BOARDWALK BEACH, WITH SPECTACULAR PANORAMIC OCEAN/COASTLINE VIEWS FROM THE NEWPORT PIER TO PT. FERMIN IN FRONT WITH NO HOMES BEHIND. IMPROVED WITH 2 OCEAN FRONT MID-CENTURY NATURAL LIGHT FILLED CONTEMPORARY UNITS (CAN'T BE DUPLICATED). UPPER: 3 BEDROOMS, 1-3/4 BATHS, FAMILY ROOM, LARGE DECK, BREATHTAKING VIEWS; KITCHEN, BATH REMODELS NOT COMPLETED; PROFORMA $13,000/MO, LOWER: 3 BEDROOMS, 1-3/4 BATHS FRONT PATIO/YARD, OCEAN VIEWS.TENANT OCCUPIED, $6,675/MO., 3 CAR GARAGE (CAN'T BE DUPLICATED), AND 3/4 BEACH BATH. POTENTIAL: COMPLETE UPPER UNIT KITCHEN, BATH RENOVATIONS, ENJOY AS IS. RENOVATE FOR USE AS A DUPLEX OR A SINGLE-FAMILY RESIDENCE WITH ADU. CONVERT OWNERSHIP TO TENANT IN COMMON (TIC) WHICH CREATES SEPARATE UNDIVIDED PERCENTAGE OWNERSHIP INTEREST FOR UPPER AND LOWER UNIT THAT CAN BE INDIVIDUALLY BOUGHT AND SOLD. BUILD A WORLD-CLASS HOME PERFECTLY LOCATED "FRONT ROW" ON THE OCEAN TO ALL THE WONDERFUL EXPERIENCES NEWPORT BEACH HAS TO OFFER.

Nearby schools

8/10
Newport Heights Elementary School
Public,•K-6•2.0mi
9/10
Newport Elementary School
Public,•PK-6•2.1mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.9mi
7/10
Newport Harbor High School
Public,•9-12•2.0mi

Price History

Date
Event
Price
10/04/25
Price Change
$9,900,000-2.9%
10/01/25
Price Change
$10,200,000-1.9%
09/12/25
Price Change
$10,400,000-4.6%
08/21/25
Listing
$10,900,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (23 Listings)
Beds06.5
Baths04
Square foot3,1852,525
92%
Lot Size2,7002,657
50%
Price$9.9M$3.2M
96%
Price per square foot$3,108$1,431.5
96%
Built year19659815983
58%
HOA
Days on market75174
13%
Condition Rating
Fair
Built in 1965, the property's exterior appears maintained but dated, consistent with its age. The listing explicitly states that 'KITCHEN, BATH REMODELS NOT COMPLETED' for the upper unit and suggests 'COMPLETE UPPER UNIT KITCHEN, BATH RENOVATIONS.' While the property is tenant-occupied, indicating functionality, the uncompleted state of these critical areas means they are significantly outdated or unfinished, requiring substantial renovation to meet current standards. This places the property in the 'fair' category, as it is functional but requires significant updates in key areas rather than minor repairs.
Pros & Cons

Pros

Unparalleled Oceanfront Location & Views: Prime corner lot in West Newport, offering spectacular panoramic ocean, coastline, Catalina, and pier views from a quiet, uncrowded, non-boardwalk beach.
Significant Income Potential: The property features two units, with the lower unit currently tenant-occupied ($6,675/month) and the upper unit having a proforma income of $13,000/month, providing immediate cash flow.
Exceptional Development Flexibility: Offers diverse options for future use, including completing existing renovations, converting to a single-family residence with ADU, creating Tenant In Common (TIC) ownership, or rebuilding a world-class custom home.
Rare & Unduplicatable Asset: Described as one of only two finest oceanfront corners in West Newport, with features (units, 3-car garage) that cannot be duplicated, ensuring exclusivity and long-term value.
Substantial Price Reduction: The property has undergone multiple price reductions from its original list price of $10,900,000 to $9,900,000, indicating a motivated seller and potential for a more favorable acquisition.

Cons

Incomplete Renovations: The upper unit's kitchen and bath remodels are not completed, requiring immediate capital investment from the buyer to finish and modernize.
Dated Structure & Potential for Major Renovation: Built in 1965, the 'mid-century' units may require substantial updates beyond the incomplete remodels, or a complete rebuild, to align with current luxury market expectations and maximize value.
Tenant Occupancy in Lower Unit: The lower unit is tenant-occupied, which could complicate immediate owner-occupancy or extensive renovation plans for that portion of the property.

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