216 KINGS Newport Beach

Bank owned property. Existing home is a major remodel or tear down. Over 10k square foot lot. Value is in the lot and the existing improvements to the back yard. HUNDREDS OF THOUSANDS of dollars put into the Tuscan inspired back yard. Custom terraced stone walls, mature olive trees, irrigation system and landscape lighting. Beautiful infinity pool and spa with cascading water feature. New pool equipment, tankless water heater all automated. There is a subterranean wine room/quest quarters with heated floors and bath. Remodel or build your dream home, the rest comes with the property. Bay and ocean view potential with second story. Sold as-is, no seller repairs or warranties. Buyer to verify all permits on the improvements, open or expired, with the City of Newport Beach. THE BANK WILL OFFER FIRST TRUST DEED FINANCING ON A FIXED RATE 5/1 ARM UP TO 80% TO A QUALIFIED BUYER. Purchase financing only, no construction financing offered. Call listing agents for financing details.