REDUCED * LOCATION, LOCATION, LOCATION! This ocean front home sits on a over-sized 4185 sf. lot with 45' of frontage at the finest location on prestigious Peninsula Point where there are no boardwalks! The home features panoramic views of the Pacific Ocean, Catalina Island, Corona Del Mar beach and caves, the majestic rock jetty at The Wedge, plus the Newport Harbor entrance with breathtaking bay views! The true value of this prime ocean front property is in the land! This is a once in a lifetime opportunity to seize what is arguably one of the finest ocean front locations in all of Newport Beach! Take advantage of this rare and amazing location to custom build your very own Dream Home! Rebuild utilizing the entire lot such as the driveway and the entire courtyard and porch to maximize your Dream Home's square footage! "Why live someone else's dream, when you can build your own?" ... Read more