This Irvine Terrace home offers multiple opportunities for the prudent buyer. It’s currently configured as a well-loved 3 bedroom/2 bath home of 1,884 sqft with a 2 car garage and large yard. It could be remodeled to today’s tastes or expanded, but the highest and best use is a brand new home. Here is one possibility: on this oversized corner lot of 9000+ square foot, there are sample plans available for a brand new home with ~5300 sqft of livable space. The design is Modern Farmhouse inspired, which is the perfect blend of the old and new - rustic and industrial with modern touches. You’ll find 4 bedrooms/4.5 baths, 3 car side-by-side garage, an entertainer’s backyard with pool and sliding glass doors and a flexible subterranean space that can be used as a home theater, game room and wine cellar. Imagine finishes of natural wood, wide planks, mixed metals, brick, oversized pendant lights, sliding barn doors. Make it yours. The well-planned community of Irvine Terrace is known for large lots, ocean breezes and some of the finest local architecture in Orange County. There’s easy access to the fun of Balboa Island, the shopping and delectable dining of Corona del Mar, the luxury of Fashion Island and much more. Nestled near the center of the community - and a short stroll from this home - is Irvine Terrace Park, which is one of Newport Beaches hidden gems. Come and join the unofficial “New Home Row” on Kewamee where brand new gorgeous homes have been blooming.