One of the unique things seller's are doing in today's Newport Beach Real Estate market is condo conversions. The process entails taking a multi-family duplex style property and converting them into individual condos. By doing this the total property value of the property typically increases as two stand alone condos are normally worth more than one duplex building. This is not an easy task by any stretch of the imagination but the benefits often make the process very worthwhile and profitable. The entire Newport Towers building located on the Newport Bay recently went through the condo conversion process as well and turned all of the units into individual condos.
A condo conversion has just been completed at 5306 Seashore Drive in Newport Beach. This multi-family dwelling now is offering a two bedroom, one bath condo for sale that feature 1,120 square feet of living space and located on the oceanfront street of Seashore Drive. This is a lower level unit that has been completely rebuilt with brand new exterior finishes including dual paned windows and granite counters, hardwood flooring and new cabinetry in the interior. The location is just steps to the sandy beach in this West Newport Beach location which is widely known as one of the most private beach front locations in all of Newport Beach. This is a brand new listing that just came on the market two days ago and listed for sale at $1,295,000. For more information on the condo conversion process please contact any of our Newport Beach Real Estate agents at 949-444-1901 today.