About 2427 Margaret Drive
Located in the prestigious Newport Heights neighborhood, this 8,662 sq. ft. lot presents a rare opportunity to build your dream home or redevelop for investment. Nestled in one of Newport Beach’s most desirable areas, the property is surrounded by tree-lined streets, award-winning schools, vibrant dining, and world-class beaches. It offers incredible potential for crafting a custom residence that embodies the quintessential Southern California lifestyle. Whether you envision a sleek modern design or a classic coastal retreat, the possibilities are endless. With proximity to Newport Harbor, Balboa Peninsula, Hoag Hospital, Fashion Island, parks, and scenic trails, the location is both convenient and enviable. Newport Heights is celebrated for its strong sense of community and upscale living, making this an exceptional place to call home. Opportunities like this are increasingly rare, where the value lies not only in the land but in the lifestyle it offers. The property is being sold as-is. The Sellers would like a 60-day escrow. Buyers are advised to verify all potential uses with the city and relevant & authorities.
Features of 2427 Margaret Drive
| MLS® # | PW25174094 |
|---|---|
| Price | $2,400,000 |
| Sold Price | $2,725,000 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,159 |
| Lot Sqft | 8,662 |
| Acres | 0.20 |
| Year Built | 1954 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Closed |
| # Of Units | 1 |
Community Information
| Address | 2427 Margaret Drive |
|---|---|
| Area | N6 - Newport Heights |
| Subdivision | Newport Heights (NEWH) |
| City | Newport Beach |
| County | Orange |
| Zip Code | 92663 |
Amenities
| Parking Spaces | 1 |
|---|---|
| # of Garages | 1 |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior Features | Separate/Formal Dining Room, All Bedrooms Down |
|---|---|
| Heating | Central |
| Cooling | None |
| Has Basement | No |
| Fireplace | Yes |
| Fireplaces | Family Room |
| # of Stories | 1 |
| Stories | One |
Exterior
| Lot Description | Back Yard |
|---|
School Information
| District | Newport Mesa Unified |
|---|
Additional Information
| Date Listed | August 2nd, 2025 |
|---|---|
| Date Sold | October 20th, 2025 |
| Days on Market | 9 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Lucia Proulx |
|---|---|
| Office | Coldwell Banker Realty |