409 Bayside Dr, Newport Beach, CA 92660

Property Description

A rare opportunity to own a single story detached waterfront home in Newport Harbor with a sandy beach and private dock that will accommodate two large boats. It is a wonderful secluded location and a great spot to enjoy all water sports. The floor plan has an open feeling and is designed to take advantage of the view of Linda Isle and Harbor Island from the living room, dining area, kitchen, master bedroom and covered outdoor deck. The home has an over-sized two car garage with additional parking in the driveway for two more cars. The front entry provides access to the courtyard that also serves as an entertainment area with BBQ and wet bar. The interior has vaulted ceilings and several picture windows which could be utilized in planning upgrades. This is a perfect location to entertain or to take short walks to restaurants, Starbucks, Beacon Bay and Balboa Island. The subject listing is a LEASEHOLD ESTATE. The Irvine Company owns the land and their current option to purchase price is $2,035,500 based on their quarterly letter dated August 14, 2015 (price adjusted every three months) resulting in the combined purchase price offered of $4,300,000. The Amended Standard Lease expires September 30, 2038.