Designer Land-Lease Home with
250 Mayflower Dr Newport Beach, CA 92660
250 Mayflower Dr, Newport Beach, CA, 92660
$699,000
For Sale
$699,000
Turn-key 2-bedroom, 2.5-bath home with central heat and air, patio yard, and covered carport on leased land.
Property Size1,248 SF
Price / SF$560.10
Days on Market76
Property Features for 250 Mayflower Dr
General Information
- Standard status
- Active
- Size
- 1,248 SF
- Property subtype
- Manufactured In Park
Listing agency
Coldwell Banker Realty
(949) 378-3330
Listed by
Marilyn Williams · License #00813847
(949) 378-3330
Source
Exprealty
Added: May 9 Updated: Jul 23 at 2:16AM Checked: Jul 23 at 2:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Located at 250 Mayflower Dr, Newport Beach, this recently reimagined, turn-key designer home features 2 bedrooms and 2.5 bathrooms with a unique floorplan. The interior includes a gourmet kitchen with custom cabinets and upgraded appliances, herringbone solid wood floors, shiplap, and smooth-finished walls with floor-to-ceiling tile in select areas. The spacious great room offers high ceilings and numerous windows, and the home includes a private primary suite with a walk-in tile-finished shower and a large walk-in closet with custom storage. A second bedroom suite has its own bathroom. Additional features include a dedicated laundry area with built-in wood cabinets and drawers and another half bathroom.
The home is set on land-leased property with a monthly land lease of $3,060 that includes water and trash, along with community amenities. Community features listed include two clubhouses (the north clubhouse is on the water) with pools and jacuzzis, a private beach, picnic areas with barbeques, a fitness room, firepits, game courts, and a dog park.
Outside, enjoy a very private patio yard with a mature tree providing shade. A covered carport offers storage and provides an entrance to the home. The home is equipped with central heat and air conditioning.
The home is set on land-leased property with a monthly land lease of $3,060 that includes water and trash, along with community amenities. Community features listed include two clubhouses (the north clubhouse is on the water) with pools and jacuzzis, a private beach, picnic areas with barbeques, a fitness room, firepits, game courts, and a dog park.
Outside, enjoy a very private patio yard with a mature tree providing shade. A covered carport offers storage and provides an entrance to the home. The home is equipped with central heat and air conditioning.
Key Highlights
- Designer‑finished 2‑bedroom, 2.5‑bath home with central heat and air conditioning
- Large great room with high ceilings and numerous windows, plus open kitchen with custom cabinets and upgraded appliances
- Primary suite with antique fireplace mantle imported from Paris, level walk‑in tile shower, and large walk‑in closet with custom storage
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.9k | $36.00 |
| − Vacancy | −$1.6k | −$1.30 |
| EGI | $43.3k | $34.70 |
| − OpEx | −$19.5k | −$15.62 |
| NOI | $23.8k | $19.09 |
1,248 SF · lease $36.00/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$340.3K
$297.8K – $397.0K
NOI $23,821 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$419.2K
$366.8K – $489.0K
NOI $29,342 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
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FAQs
What type of property is this?
Mobile home & RV park - Turn-key 2-bedroom, 2.5-bath home with central heat and air, patio yard, and covered carport on leased land.
Where is this mobile home & rv park located?
The property is located at 250 Mayflower Dr Newport Beach, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Designer‑finished 2‑bedroom, 2.5‑bath home with central heat and air conditioning; Large great room with high ceilings and numerous windows, plus open kitchen with custom cabinets and upgraded appliances; Primary suite with antique fireplace mantle imported from Paris, level walk‑in tile shower, and large walk‑in closet with custom storage
