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

1206 Mariners
Newport Beach, California 92660
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1206 Mariners Subject | $4,600,000* List Price | 5 | 6 | 2,573 | $1,524 | - |
A 1509 Anita Lane Sold | $3,845,000 | 4 | 3 | 2,441 | $1,575 | 0.4 mi |
B 1412 Santiago Dr Active Under Contract | $3,800,000 List Price | 4 | 6 | 2,942 | $1,292 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
Woodland Elementary School
Grades PK-2 • 0.8 mi
Heinz Kaiser Elementary School
Grades 3-6 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 72% |
| Baths | 6.0 | 3.0 | 90% |
| Square foot | 2,573 | 2,623 | 49% |
| Lot Size | 8,910 | 7,500 | 70% |
| Price | $4.60M | $3.85M | 61% |
| Price per sq ft | $1.8K | $1.4K | 82% |
| Built year | 1965 | 1970 | 35% |
| HOA | $0 | $375 | 34% |
| Days on market | 96 | 158 | 24% |
Pricing History
Listed for Sale
Dec 1, 2025
$4,600,000
Initial Listing
Sold
Jan 21, 2025
$3,525,000
Public Record




