Enjoy the relaxing Newport Beach lifestyle on the pristine, weekly groomed sand in exclusive Beacon Bay. This custom, South-facing bayfront home provides panoramic views of the harbor and boating activity. > > > The home is currently under construction and has tremendous design flexibility for you, the buyer. The seller has already completed the hard work: Architectural design, coastal commission approvals, permits, etc. This is a wonderful opportunity for you to customize your new home to your own taste. You will specify finishing touches including surfaces, architectural details and paint colors. > > > In addition to 4 bedrooms, extra rooms include, playroom, bunk room or office, third floor family room, roof top deck with seating and dining areas and spa. The elevator services all 3 stories. > > > There is no place quite like Beacon Bay! It is a wonderful small beach community of 72 homes which offers holiday events, concerts, a sense of camaraderie, multi-generational fun and lifetime memories. Amenities include beaches, docks & boat slips, expansive greenbelt grass estradas, tennis court, play park and direct access to the Balboa Yacht Basin marina and Eddie’s Galley. > > > The home is priced to be sold in its as-is state of construction. Buyer shall assume all costs to complete the home from close of escrow forward. > > > Property in Beacon Bay is subject to a land lease with the City of Newport Beach. There is no land buyout available. Buyer shall receive a new 50-year ground lease. The land lease payment is 2.5% of the purchase price, with annual CPI adjustments. One important advantage in purchasing the home now under construction is that the land lease is based on the purchase price, not the completed value. This is a huge saving! Call Listing Agent for more details.