215-223 Mesa Dr - Conditionally Approved Vesting Map 0.43 Acres of Residential Land Offered at $6,418,380 CAD in Costa Mesa, CA 92627

Matthews, as the exclusive listing agent, is pleased to present 215 & 223 Mesa Drive, a rare luxury residential development opportunity located in the heart of Eastside Costa Mesa, one of Orange County's most sought-after coastal communities. The offering consists of two contiguous parcels totaling approximately 18,651 square feet with plans for four detached luxury residences situated on four fee simple lots. The project has secured conditional approval of a Vesting Tentative Parcel Map from the City of Costa Mesa, providing a buyer an approved, entitled path forward while locking in the development standards, ordinances, and policies in effect at the time of approval.

Upon completion of the subdivision, the site will deliver four detached, two-story luxury residences, each thoughtfully designed as a four bedroom, four-and-a-half-bathroom home ranging from roughly 2,572 to 2,940 square feet of living area. Every residence features contemporary architecture, an open concept floor plan, a private yard, a two-car garage, and generous indoor-outdoor living space.

The sale includes a comprehensive Due Diligence Package prepared by an experienced consultant team, including architectural plans, engineering, grading, landscape plans, surveys, subdivision documents, renderings, and supporting entitlement materials. By acquiring a project with an approved vesting tentative parcel map and substantial planning already completed, a buyer can reduce upfront soft costs and entitlement risk and focus on carrying the project through to construction.

Located on a quiet, tree-lined street in Eastside Costa Mesa, the property is minutes from Newport Beach, Fashion Island, South Coast Plaza, and John Wayne Airport, with premier dining, shopping, and entertainment all within easy reach. The surrounding neighborhood is anchored by top rated schools and the coastal amenities that continue to drive some of the strongest for sale housing demand in the county. For a builder or developer, few infill sites combine this level of location, product flexibility, and predevelopment progress.

With Conditional approved secured, a full design package in hand, and a site plan already reflecting 9.35 units per acre, 215 and 223 Mesa Drive represents a rare chance to acquire a well located, near ready coastal infill project and capture the value of new construction in a supply constrained market.

David Harrington
Matthews Real Estate Investment Services, Inc
01320460, 02168060 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245 (866) 889-0550