1208 Somerset, Newport Beach, California 92660, Newport Beach, 92660 - 4 bed, 4 bath

1208 Somerset, Newport Beach, California 92660 home-pic-0

1208 Somerset

Newport Beach, California 92660

ACTIVE
CONDITION: POOR
4Beds
4Baths
2,616Sq Ft
9,967Lot Size

Property Price

LIST PRICE$4,498,000
EST. MARKET VALUE
$4,092,155
9% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$4,092,155
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
1208 Somerset
Subject
$4,498,000*
List Price
442,616$1,564-
A
1509 Anita Lane
Sold
$3,845,000432,441$1,5750.2 mi
B
1650 Galaxy Drive
Sold
$4,200,000332,666$1,5750.7 mi
C
1412 Santiago Dr
Active
$3,800,000
List Price
462,942$1,2920.4 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

Built in 1973 and marketed primarily for its 'endless potential' and as a candidate for a 'custom ground-up build,' the property appears to be in mostly original condition. The listing's emphasis on the lot value and the suggestion of a total remodel indicates that the kitchen, bathrooms, and major systems are significantly outdated and require substantial rehabilitation to meet modern standards.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

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

  • Premier Interior Location

    Situated on a highly coveted horseshoe street in Dover Shores with minimal traffic and extremely low turnover, offering rare privacy and long-term neighborhood stability.

  • Substantial Development Potential

    The oversized 10,000-square-foot lot provides a significant canvas for a custom ground-up build or a major luxury remodel in one of Newport Beach's most desirable districts.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9967, other record lot size in square feet = 9840.

  • Extensive Renovation Required

    Built in 1973 and positioned as a 'possibility' for a dream home, the property likely requires substantial capital investment to update its original systems and finishes to modern luxury standards.

  • Limited View Profile

    While the property mentions peekaboo views of Fashion Island, it lacks the expansive, unobstructed water or coastal vistas often sought by buyers at the $4.5M price point.

About 1208 Somerset

Nestled on a quiet U-shaped street in the highly desirable Dover Shores community, 1208 Somerset Lane presents an exceptional opportunity on one of the most coveted interior streets in all of Dover. Situated on an approximately 10,000 square foot lot, this property offers remarkable privacy and space in a location where homes are rarely available. Positioned mid-curve on a horseshoe street, the only traffic is typically residents — creating a peaceful setting ideal for children at play and true neighborhood living. Somerset Lane is widely regarded as one of the premier interior streets in the community. In fact, only one home has sold here in the past five years — a testament to the desirability and long-term value of this special location. Adding to its appeal, the property offers peekaboo views toward Fashion Island, further enhancing its coastal Newport lifestyle feel. Surrounded by pride of ownership and coastal charm, this four-bedroom, three-bathroom residence offers timeless character and endless potential. The home features a generous open layout highlighted by soaring vaulted ceilings in the living room and entry, creating an airy and welcoming first impression. Three fireplaces add warmth and architectural interest throughout the living spaces. The spacious primary suite serves as a private retreat, complete with its own fireplace, a large primary bathroom, and a generous walk-in closet. A convenient downstairs bedroom offers flexibility for guests, multi-generational living, or a home office. Additional features include an interior laundry room and a spacious three-car garage. Located within the award-winning Mariners Elementary School district and just moments from the scenic Back Bay trails, neighborhood parks, world-class beaches, Balboa Island, and premier shopping and dining, this property seamlessly combines location, privacy, and long-term value. Whether you envision a thoughtful remodel or a custom ground-up build, the possibilities here are truly endless — an opportunity to create a dream home on one of the best and most highly coveted streets in all of Dover Shores area.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1973
Lot Size
9,967 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
4 (4 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 • 0.5 mi

8/10

Woodland Elementary School

Grades PK-2 • 1.1 mi

/10

Heinz Kaiser Elementary School

Grades 3-6 • 1.4 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths4.03.0
56%
Square foot2,6162,623
49%
Lot Size9,9677,500
81%
Price$4.50M$3.85M
60%
Price per sq ft$1.7K$1.4K
80%
Built year19731970
58%
HOA$0$375
34%
Days on market10158
3%

Pricing History

Listed for Sale

Feb 25, 2026

$4,498,000

Initial Listing

Sold

May 1, 2020

$2,330,000

Public Record

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