224 Via Palermo, Newport Beach, CA 92663

Property Description

Variable Range Price: $2,499,000 - $2,750,000. Sited on a desirable, generous 50’-wide parcel, this home is a perfect 2400sf canvass for those looking to place their signature on a property and create a nostalgic, dreamy, beach-type cottage or for the owner/developer who sees the potential of constructing a 4000sf masterpiece with all of the amenities desired in this current age. The existing 4 bedroom, 3 bath home with an abundance of outdoor space has plenty of life and an inviting floorplan, including two first-level bedrooms and a family room that opens to a large, sunny, south-facing patio. With some fine-tuning, it is easy to envision the creation of a humble and chic beach abode. Or for those with redevelopment in mind, the lot will accommodate approximately 4600sf, including garage and newly constructed homes have been consistently trading the in the $1200/sf range, on much smaller lots. Located in one of the finest communities along the coast, the home is 2 doors from the bay, an easy jaunt to the newly developed and exciting Lido Marina Village, fine shopping and dining. Located right in the heart of this famed island, the community clubhouse, beach, parks and tennis courts beckon and are steps away, ready for your enjoyment. Come and smell the salt air, hear the healthy sound of sailboats and enjoy an easy-going lifestyle of casual recreation and fine people. 
 Potential Probate Sale.