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favorite this post $1750000 / 5br - 5437ft2 - Build to Suit Opportunity on Newport Back Bay (Newport Beach) hide this posting unhide

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5BR / 6Ba 5437ft2 available jun 22

house
laundry on site
attached garage

Welcome to Bali Hai!. 1015 Mariners Drive, under contract...
Arguably one of the best locations in the Dover Shores neighborhood, this expansive home boasts over 5,400 square feet on a 16,553 approximate square foot level lot, with an estimated 135ft of frontage overlooking Upper Newport Bay. As I'm having Building Plans and Construction Cost breakdowns done for my lender, I will entertain and provide someone to build there dream home on this very rare property for 1 month only.
The Cost to pick up the "Build to Suit" option is $1,750.000 or more depending on your finishing desires... and Built to suit your way! My purchase price was twice that!
The final ARV as it's potential value 18 months from now would be in the neighborhood of $6,150.000 or so +- at $1,150.00 per foot finished...and that price is what I would require under contract as a finished custom home to do that for you, if not I do it my way...
I have all the Purchase money and Construction money in place, as we finish the
pre-lim plans on costs...this is a once in a life time opportunity.
Dover Shore has great schools, and access to everything close by.
  • do NOT contact me with unsolicited services or offers

post id: 6917923674

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