Home | Orange County | Newport Beach | 92663 | 4802 Neptune Ave
MLS: CRLG26176637 | Status: Active | Price: $4,050,000
Beds/Baths: 6 / 4
Property Type: Residential
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| 6 | 4 | 2,304 | 3,358 | 1962 |
This is a rare investment opportunity just steps from the beach and surf in one of Newport Beach’s most desirable coastal communities. An appraisal conducted on June 19, 2026, valued the property at $4,050,000. The appraisal was performed by a Certified Member of the Appraisal Institute (MAI) and utilized all three approaches to value. This property is one of the few oversized lots in the area, offering significant potential for value enhancement. The backyard has ample space to add an additional accessory dwelling unit (ADU). Another option is to redevelop the site to build several new units, both of which could effectively maximize the potential of this large lot. Furthermore, the property presents an excellent opportunity for use as a primary residence. The upstairs can be used as a primary living space while renting out the lower unit as an income-producing property. Each of these options offers considerable value addition, whichever route you choose to pursue. These property features will allow for an effective and stable exit strategy in the future. Additionally, the home features a two-car attached garage and offers a peak ocean view from the patio. Conveniently located one street back from the beach, it is just a leisurely walk to Marina Village, fine dining, sho
| Field | Value |
|---|---|
| MLS # | CRLG26176637 |
| MLS Source | California Regional MLS |
| Days on Site | 2 |
| Feature | Details |
|---|---|
| Appliances | Dishwasher, Garbage Disposal, Other, Oven Range - Built-In |
| Family Room | Other |
| Fireplace | None |
| Laundry | Other |
| Cooling | Ceiling Fan, Central Forced Air |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Pool | None |
| Style | Contemporary |
| Feature | Details |
|---|---|
| Garage/Parking | Garage, Other, Garage: 2 Car(s) |
| Elementary District | Newport-Mesa Unified |
| High School District | Newport-Mesa Unified |
| HOA Fee | $0 |
Brendan Horgan
MEEHAN ESTATES, INC.
License #: 01919910
Phone: (949) 510-6162
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 203 8th St | $3,595,000 | 5 | 3 | 2,446 | Active |
| 4704 Seashore Dr | $4,800,000 | 6 | 3 | 2,890 | Active |
| 1527 W Balboa | $3,995,000 | 5 | 3 | 2,000 | Active |
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This listing information is up-to-date as of August 13, 2026. For the most current information, please contact Brendan Horgan, (949) 510-6162.