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215 & 223 Mesa Drive, Costa Mesa, CA, 92627

215 & 223 Mesa Drive

$4,600,000

Key Information

Tot. SF
18,651
Lot Size
0.43 Acres
Units
4
Type
Land

Highlights

• PRIME EASTSIDE COSTA MESA LOCATION — Rare opportunity to develop four detached luxury residences in one of Orange County’s most desirable coastal neighborhoods
• TWO CONTIGUOUS PARCELS — 215 & 223 Mesa Drive combine for approximately 18,651 square feet (0.428 acres), zoned R2-MD, slated for a four-lot subdivision into individually owned fee simple lots
• CONDITIONAL APPROVAL SECURED — The project has secured conditional approval of a Vesting Tentative Parcel Map from the City of Costa Mesa, delivering an approved, entitled path forward
• VESTING MAP PROTECTION — The approval locks in the development standards, ordinances, and policies in effect at the time of approval, insulating a buyer from future changes to the rules governing the project’s design and density
• REDUCED ENTITLEMENT RISK & TIMELINE — A buyer inherits substantial completed planning and an approved map, removing the cost, time, and uncertainty of entitling a site from the ground up
• CLEAR PATH TO CONSTRUCTION — With conditional approval in hand and a comprehensive plan set already prepared, the project offers a defined and streamlined path toward recordation and permits.
• LUXURY HOME DESIGNS — Proposed two-story homes, each designed as a four-bedroom, four-and-a-half-bathroom residence ranging from approximately 2,572 to 2,940 square feet, with contemporary architecture, open concept living, a two-car garage, and private yards.
• COMPREHENSIVE DUE DILIGENCE PACKAGE — A complete design set is available, including the tentative parcel map, site and grading plans, floor plans and elevations, and landscape and irrigation plans, streamlining the path to permits.
• IRREPLACEABLE COASTAL LOCATION — Minutes from Newport Beach, Fashion Island, South Coast Plaza, John Wayne Airport, award winning schools, and Orange County’s premier shopping, dining, and beaches.
• EXCEPTIONAL INFILL OPPORTUNITY — Boutique luxury residential projects of this scale are rarely available in Eastside Costa Mesa, where demand for newly constructed homes remains strong.

Photos

Location

Agents

Broker of Record

David Harrington

License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245