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

1208 Somerset
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 |
|---|---|---|---|---|---|---|
★ 1208 Somerset Subject | $4,498,000* List Price | 4 | 4 | 2,616 | $1,564 | - |
A 1509 Anita Lane Sold | $3,845,000 | 4 | 3 | 2,441 | $1,575 | 0.2 mi |
B 1650 Galaxy Drive Sold | $4,200,000 | 3 | 3 | 2,666 | $1,575 | 0.7 mi |
C 1412 Santiago Dr Active | $3,800,000 List Price | 4 | 6 | 2,942 | $1,292 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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value and the suggestion of a total remodel indicates that the kitchen, bathrooms, and major systems are significantly outdated and require substantial rehabilitation to meet modern standards.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
Woodland Elementary School
Grades PK-2 • 1.1 mi
Heinz Kaiser Elementary School
Grades 3-6 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 56% |
| Square foot | 2,616 | 2,623 | 49% |
| Lot Size | 9,967 | 7,500 | 81% |
| Price | $4.50M | $3.85M | 60% |
| Price per sq ft | $1.7K | $1.4K | 80% |
| Built year | 1973 | 1970 | 58% |
| HOA | $0 | $375 | 34% |
| Days on market | 10 | 158 | 3% |
Pricing History
Listed for Sale
Feb 25, 2026
$4,498,000
Initial Listing
Sold
May 1, 2020
$2,330,000
Public Record



































