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
- 4 beds
- 2 baths
- 1,159 sq ft
- 8,662 sq ft lot
- Built 1954
Own 2427 Margaret Drive? Request a free home valuation to see what it is worth today.
$2,725,000
Subdivision Newport Heights
32 single-family homes sold in the past 12 months · median $3,493,150
The home
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 has 1,159 square feet of living space on an 8,662-square-foot lot. 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, and an attached one-car garage.
Specifications
Home Details
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
The record
Property History for 2427 Margaret Drive
| Date | Event | Price | Note |
|---|---|---|---|
| Oct 20, 2025 | Sold | $2,725,000 | |
| Oct 9, 2025 | Status changed to Pending | From Active Under Contract | |
| Aug 11, 2025 | Status changed to Active Under Contract | From Active | |
| Aug 2, 2025 | Listed for sale | $2,400,000 |
No prior MLS sales on record for this home since 2012.
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 2427 Margaret Drive
We looked up this home's map point in public government maps. These facts are not part of the MLS listing.
Hazard zones
- Flood zone
Zone X, area of minimal flood hazard. Outside FEMA's Special Flood Hazard Area.
FEMA National Flood Hazard Layer, FIRM panel 06059C0268J effective December 3, 2009. Checked October 15, 2026.
- Fire hazard severity zone
Not in a fire hazard severity zone on the State Fire Marshal's map.
CAL FIRE, State Fire Marshal map for Local Responsibility Areas, March 24, 2025. Checked October 15, 2026.
- Earthquake fault zone
Outside the Alquist-Priolo Earthquake Fault Zones.
California Geological Survey, Earthquake Fault Zones map, Newport Beach quadrangle, released July 1, 1986. Checked October 15, 2026.
- Liquefaction zone
Outside the liquefaction zones.
California Geological Survey, Seismic Hazard Zones map, Newport Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Landslide zone
Outside the earthquake-induced landslide zones.
California Geological Survey, Seismic Hazard Zones map, Newport Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Tsunami hazard area
Outside the Tsunami Hazard Area on the State's evacuation planning map.
California Geological Survey and Cal OES, Tsunami Hazard Area map for Orange County (2021). Checked October 15, 2026.
Internet and charging
- Fixed internet
Fiber: AT&T, up to 5,000 Mbps, at 60 of 71 residential locations in this census block. Cable: Spectrum, up to 1,000 Mbps, at 71 of 71. DSL: AT&T, up to 10 Mbps, at 13 of 71.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590634001002, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 0.6 miles away (ChargePoint, 2 Level 2 ports). 259 public charging ports within 3 miles.
U.S. Department of Energy, Alternative Fuels Data Center. Straight-line distance. Checked October 15, 2026.
These facts are for the listing's map point, which can sit off the lot. A zone line can also cross a lot, and agencies revise their maps. In cities, the fire zone line follows the State Fire Marshal's 2025 map; each city adopts its own map and may add areas. These lines are not a Natural Hazard Disclosure. Check the official maps and the seller's disclosures before you rely on them. Sources for the earthquake zone lines: Reproduced with permission, California Geological Survey, Webservice of Official Maps of Alquist-Priolo Earthquake Fault Zones (2025). Reproduced with permission, California Geological Survey, Webservice of Official Maps of Seismic Hazard Zones (2025).
Official maps
Next steps
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.
Selling near 2427 Margaret Drive
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The neighborhood
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
- Homes sold
- 32
- Median price
- $3,493,150
- Median days on market
- 44
- Median per sq ft
- $1,322
Recorded MLS closings of single-family homes, Nov 4, 2025 to Nov 4, 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 |
|---|---|---|---|---|---|
| 231 Tustin | Nov 2, 2026 | $6,449,000 | 5,140 | $1,255 | 13 |
| 255 Ocean View | Oct 16, 2026 | $4,343,000 | 3,647 | $1,191 | 77 |
| 421 Catalina | Oct 16, 2026 | $2,175,000 | 960 | $2,266 | 13 |
| 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 |
See 13 homes for sale in Newport Heights Newport Beach housing market
Schools
School District for 2427 Margaret Drive
As listed in the MLS record. Confirm attendance boundaries with the school district.
The MLS record lists the school district as Newport Mesa Unified.
Living in Newport Beach covers its schools, parks and beaches.
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Listed by Lucia Proulx of Coldwell Banker Realty
Listing information updated Nov 3, 2025 at 2:29 PM PT. Source: CRMLS.
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.