$2,500,000
2Beds1Baths960SqFt
421 CatalinaNewport Beach, CA 92663Newport Heights
Sold
2427 Margaret Drive sold on October 20, 2025 for $2,725,000, 13.5% above the $2,400,000 asking price after 9 days on the market. The buyer paid cash. The details are below for reference.
2427 Margaret Drive, Newport Beach, CA 92663
$2,725,000
- Beds
- 4
- Baths
- 2
- Sq Ft
- 1,159
- Per Sq Ft
- $2,351
- Sq Ft Lot
- 8,664
- Built
- 1954
- Garage
- 1-car
Call Clark Smith (949) 494-8830
Subdivision Newport Heights
35 single-family homes sold in the past 12 months · median $3,150,000
About 2427 Margaret Drive
Located in the prestigious Newport Heights neighborhood, this 8,662 sq. ft. lot presents a rare opportunity to build your dream home or redevelop for investment. Nestled in one of Newport Beach’s most desirable areas, the property is surrounded by tree-lined streets, award-winning schools, vibrant dining, and world-class beaches. It offers incredible potential for crafting a custom residence that embodies the quintessential Southern California lifestyle. Whether you envision a sleek modern design or a classic coastal retreat, the possibilities are endless. With proximity to Newport Harbor, Balboa Peninsula, Hoag Hospital, Fashion Island, parks, and scenic trails, the location is both convenient and enviable. Newport Heights is celebrated for its strong sense of community and upscale living, making this an exceptional place to call home. Opportunities like this are increasingly rare, where the value lies not only in the land but in the lifestyle it offers. The property is being sold as-is. The Sellers would like a 60-day escrow. Buyers are advised to verify all potential uses with the city and relevant & authorities.
Property details for 2427 Margaret Drive
This 4-bedroom, 2-bath single-family home sits in the Newport Heights neighborhood of Newport Beach in Orange County. It offers 1,159 square feet of living space. The home was built in 1954. The MLS record lists the assessor parcel number as 425-101-11. Highlights include a fireplace, single-story living, an attached one-car garage, and an 8,664-square-foot lot. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.
Home Details
- Price
- $2,725,000
- Days On Site
- N/A
- Bedrooms
- 4
- Inside Area (SqFt)
- 1,159 sqft
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- N/A
- Lot Size
- 8,664 SqFt
- Year Built
- 1954
- MLS® Number
- PW25174094
- Status
- Sold
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Assessor
General Features
- Property Type
- Single Family Residence
- MLS Number
- PW25174094
- Year Built
- 1954
- Living Area (sq ft)
- 1,159
- Living Area Source
- Assessor
- Lot Size (sq ft)
- 8,662
- Lot Size (acres)
- 0.1989
- Levels
- One
- Bedrooms
- 4
- Full Baths
- 2
- Garage Spaces
- 1
- Parking Spaces
- 1
- View
- None
- Parcel Number
- 42510111
- On Market Date
- 2025-08-02
- Listing Terms
- Standard
Interior Features
- Interior Features
- Separate Formal Dining Room, All Bedrooms Down
- Heating
- Central
- Cooling
- None
- Fireplace
- Family Room
- Laundry
- None
- Main Level Bedrooms
- 4
- Main Level Bathrooms
- 2
- Entry Level
- 1
- Common Walls
- No Common Walls
Exterior Features
- Lot Features
- Back Yard
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 1
Community Features
- Subdivision
- Newport Heights (NEWH)
- Community Features
- Street Lights, Sidewalks
Property History for 2427 Margaret Drive
| Date | Event | Price | Note |
|---|---|---|---|
| Oct 20, 2025 | Sold | $2,725,000 | |
| Aug 2, 2025 | Listed for sale | $2,400,000 |
No prior MLS sales on record for this home since 2012.
About Newport Beach
Set along the Pacific in Orange County, Newport Beach surrounds Newport Harbor, where Balboa Island, Lido Isle, and the Balboa Peninsula frame one of California's largest recreational harbors. The city stretches from the Balboa and Newport piers to Corona del Mar and Fashion Island, within the Newport-Mesa Unified School District.
Newport Heights home sales, past 12 months
35Homes sold
$3,150,000Median price
43Median days on market
$1,390Median per sq ft
Recorded MLS closings of single-family homes, Sep 20, 2025 to Sep 20, 2026. Days on market run from listing to going under contract.
Recent Newport Heights sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 416 Aliso Avenue | Sep 18, 2026 | $3,120,000 | 1,830 | $1,705 | 92 |
| 460 Santa Ana Avenue | Sep 10, 2026 | $6,800,000 | 4,961 | $1,371 | 9 |
| 25 Ebb Tide | Sep 10, 2026 | $1,765,000 | 2,229 | $792 | 60 |
| 2700 Cliff | Sep 4, 2026 | $4,050,000 | 2,369 | $1,710 | 45 |
| 426 El Modena Avenue | Aug 31, 2026 | $3,850,000 | 1,332 | $2,890 | 0 |
School District for 2427 Margaret Drive
As listed in the MLS record. Confirm attendance boundaries with the school district.
The MLS record lists the Newport Mesa Unified.
Living in Newport Beach covers its schools, parks and beaches.
Looking for something similar
2427 Margaret Drive is no longer on the market, but comparable homes come up in Newport Beach regularly. We can tell you what this one actually closed at and set up alerts for listings that match it.
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Listed by Lucia Proulx of Coldwell Banker Realty
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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