Description

An opportunity like this rarely comes to market in Newport Heights. Situated on one of the neighborhood's quietest and most desirable streets (just behind Kings Road), 426 El Modena offers an extraordinary chance to build a legacy home on an oversized 9,500+ square foot lot. In a community where parcels exceeding 6,200 square feet are exceptionally rare, opportunities of this scale have become nearly impossible to find. The existing residence is being offered as-is and is considered a prime redevelopment opportunity, making this the perfect canvas to design and build your dream home. From the street, you'll enjoy ocean views that further elevate the property's unique appeal and reinforce its exceptional location. Surrounded by luxury homes, El Modena has experienced remarkable appreciation, with newly renovated and newly constructed homes on significantly smaller lots commanding $56 million and beyond. The neighboring property at 426 El Modena is a strong example of the quality and value this coveted street now represents. https://www.wellcomemat.com/mls/54fbaf64b5e31mo93 For buyers looking to create a custom residence in one of Newport Beach's most sought-after neighborhoods, this property presents an exceptional opportunity. The combination of lot size, location, and long-term upside is virtually unmatched in today's market.

Features