SO YOU WANT TO LIVE ON THE BAY but don't want to pay $3-5 Million for a home. Now is your chance to LIVE ON THE BAY FOR $400K! If you like projects, this very special property is waiting for you. NO HOA fees and NO PROPERTY TAXES! Once fully renovated, you will have a stunning home located directly on the waterfront. Bring it down to its bare bones and build your dream home or you can tear it down and install a brand-new unit. Wake up in the morning and have your coffee overlooking the marina or just drop your paddle-board or kayak in the water and take off. Where else in Newport Beach can you live on the waterfront for under $500K? Enjoy the "Golden Land Lease" of $1,960 until 1/1/2027. Amenities include bayfront pool and spa; private beach, two large fire pits, BBQ and outdoor dining, community dog park, clubhouse with a full fitness center, billiards and game room, and banquet space all overlook the Newport Bay. ARE YOU READY TO LIVE ON THE BAY FOR $400K?