2812 Ocean Blvd, Corona Del Mar, CA 92625

Property Description

Price Just Reduced $1.2M & Back On Market After Falling Out of Escrow (Priced almost $500k less than adjacent lot at 2808 Ocean Blvd. which just sold for $6.279M (MLS #NP22179960) - LOCATION LOCATION LOCATION - Incredible opportunity to build a new custom home at a coveted Ocean Blvd address directly across from Lookout Pointe overlooking the Pacific Ocean and Newport Beach harbor with excellent proximity to Pirate's Cove Beach access. 2812 Ocean Blvd. is a place to call home. Lot dimensions are approximately 44.5' wide with varied lengths of 152.25' and 171.75'. 2812 was previously approved for and permitted for construction of a 5,924 square foot custom residence with an entertainment room with full sized bar, covered spa, triple row theater and game room accessed via an elevator, 5 bedrooms (all with an en suite bathroom) and a powder room for a total of 6 bathrooms, an office and an oversized 3 car garage. Permit fees and development fees were previously paid and many (but not all) of the fees may apply to new construction. House plans are not included with the sale. Lender has reduced the price significantly to sell the lot; offers will be responded to quickly. Don’t miss out on an opportunity that may not be seen in the market again for generations. Disclosure: Property is subject to a maximum height deed restriction and the previously approved home plans presumably comply. Property is Lender Owned REO. All stated square footages are approximate and Buyers are to satisfy themselves as to the utility of the lot and deed restriction. Do not make an offer to buy this lot unless Buyer understands and is prepared to build a home that is within the height limits (single story home at sidewalk grade with allowable subterranean indoor and outdoor living space). Information on the deed restriction is readily available.