1206 Mariners, Newport Beach, California 92660, Newport Beach, 92660 - 5 bed, 6 bath

1206 Mariners, Newport Beach, California 92660 home-pic-0

1206 Mariners

Newport Beach, California 92660

ACTIVE
CONDITION: TEAR DOWN
5Beds
6Baths
2,573Sq Ft
8,910Lot Size

Property Price

LIST PRICE$4,600,000
EST. MARKET VALUE
$3,921,555
17% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$3,921,555
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1206 Mariners
Subject
$4,600,000*
List Price
562,573$1,524-
A
1509 Anita Lane
Sold
$3,845,000432,441$1,5750.4 mi
B
1412 Santiago Dr
Active Under Contract
$3,800,000
List Price
462,942$1,2920.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Tear down
TeardownExcellent

Property is land value only, full reconstruction required.

The property is marketed as a Ready-to-Issue (RTI) development opportunity, with the list price reflecting the value of the land and fully approved architectural plans rather than the existing structure. Built in 1965, the current home is described in the listing analysis as a teardown with no immediate move-in utility, intended to be demolished to make way for a new 5,660 sq. ft. luxury residence.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).

  • Ready-to-Issue (RTI) Status

    The property is sold with fully approved architectural plans and permits, saving the buyer years of design, engineering, and city approval processes.

  • Prestigious Dover Shores Location

    Located in one of Newport Beach’s most coveted neighborhoods, ensuring strong long-term asset appreciation and a high-end coastal lifestyle.

CONSRISKS & DEFICIENCIES

  • Excludes Construction Costs

    The $4.6M asking price covers only the land and plans; the buyer must secure significant additional capital to fund the actual construction of the 5,660 sq. ft. home.

  • Delayed Project Start

    Permits and plans are not expected to be delivered until January 2026, creating a mandatory holding period before any physical construction can begin.

  • Lack of Immediate Utility

    The existing 1965 structure is essentially a teardown, providing no immediate move-in value or rental potential for an occupant seeking a turnkey residence.

About 1206 Mariners

RARE RTI OPPORTUNITY IN PRESTIGIOUS DOVER SHORES Attention developers, investors, or owner-users looking to build the ultimate dream home in the highly coveted community. This exceptional project comes with fully approved architectural plans for a stunning two-story home featuring 5,660 sq. ft., 5 bedrooms, office, study room, secondary living room, and 5.5 baths. The thoughtfully designed main level includes a service kitchen with an oversized island and bar seating, flowing seamlessly into an expansive living area. Floor-to-ceiling glass doors open to the front patio, creating an ideal indoor/outdoor living experience. The dramatic great room impresses with its soaring ceilings and statement fireplace. Upstairs, the private primary suite offers a true retreat complete with a sauna, soaking tub, walk-in shower, dual vanities, spacious walk-in closet, and a private balcony. Three additional en-suite bedrooms complete the second level. Additional features include a pool and an oversized 3-car garage with EV-charging capability. Permits and plans are expected to be delivered in January 2026 at the close of escrow. An exceptional chance to customize and build your dream home in one of Southern California’s most desirable coastal neighborhoods. Price includes the existing house and approved plans only. Construction costs are not included.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1965
Lot Size
8,910 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
6 (6 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Newport Beach Unified Schools

Mariners Elementary School

Grades PK-6 • 0.7 mi

8/10

Woodland Elementary School

Grades PK-2 • 0.8 mi

/10

Heinz Kaiser Elementary School

Grades 3-6 • 1.0 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.04.0
72%
Baths6.03.0
90%
Square foot2,5732,623
49%
Lot Size8,9107,500
70%
Price$4.60M$3.85M
61%
Price per sq ft$1.8K$1.4K
82%
Built year19651970
35%
HOA$0$375
34%
Days on market96158
24%

Pricing History

Listed for Sale

Dec 1, 2025

$4,600,000

Initial Listing

Sold

Jan 21, 2025

$3,525,000

Public Record

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