RARE DEVELOPMENT OPPORTUNITY 4,500SF WATERFRONT LOT!! Extremely rare opportunity to acquire a 4,500 SF waterfront lot that can accommodate up to a 45' boat. The majority of lots in Newport are under 3,000 SF which is why this property is so desirable and can accommodate a boat larger than 30'. As a potential buyer you have the option to either keep as is, build a custom home on an oversized waterfront lot, or redevelop the property and create an income producing investment as this property is fully approved to build two custom 2,050 SF three story condominiums. Each condo has a the ability to accommodate 3 vehicles each with their own garage, carport and street parking (6 total). Each condo includes a kitchen, living area, 3 bedrooms, 5 bathrooms, waterfront patio, third story viewing deck, and a shared dock accommodating up to two boats. Totaling 2 Kitchens, 2 living areas, 6 bedrooms, 10 bathrooms, two viewing decks, and more (see plans)! While this property is centrally located just a stroll away from some of Newport Beach's best restaurants, shopping, and entertainment, it's also in the heart of local activities such as surfing, swimming, biking, beach volleyball, and strolls along the boardwalk. This waterfront property has amenities many other properties in Newport Beach can't offer with direct access to a private dock allowing kayaking, paddle boarding, fishing, boating, and much more. Please do not disturb tenant. Call for details and more information.