1412 Santiago Dr, Newport Beach, California 92660, Newport Beach, 92660 - 4 bed, 6 bath
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Newport Beach, California 92660
This Development-Ready Luxury Asset is listed at $3,800,000, representing a strategic entry into the prestigious Dover Shores enclave near its $3,706,858 Fair Market Value. Currently holding a Condition Rating of 5, the property has been professionally remediated and gutted, offering a "clean slate" with a private pool and ready-to-submit architectural plans for a 3,900-square-foot residence. Located within the boundaries of Top-Rated Schools including Eastbluff Elementary and Corona Del Mar High, the site provides immense upside for a custom build. This acquisition is ideal for Luxury Home Builders or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1412 Santiago Dr Subject | $3,800,000* List Price | 4 | 6 | 2,942 | $1,260 | - |
A 2206 Francisco Sold | $2,665,000 | 4 | 3 | 2,442 | $1,091 | 0.7 mi |
B 1812 Highland Drive Sold | $3,100,000 | 4 | 4 | 3,171 | $978 | 0.2 mi |
C 1907 Leeward Sold | $3,100,000 | 4 | 3 | 2,150 | $1,442 | 0.6 mi |
D 1633 Santiago Active Under Contract | $4,199,999 List Price | 4 | 4 | 2,725 | $1,541 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is currently in a completely gutted state and is uninhabitable. The interior has been stripped to the studs, meaning there are no functional kitchen appliances, bathrooms, flooring, or light fixtures. While the structure has been professionally remediated for lead and asbestos and is being sold as a 'clean slate' for a luxury rebuild, it requires a total rehabilitation and substantial capital investment to become livable.
Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Situated on the prestigious Santiago Drive in Dover Shores, this premium lot offers rare seclusion with an expansive backyard and pool area that is not overlooked by neighboring properties.
The property is a 'clean slate' with the interior already gutted and professionally remediated for lead and asbestos, including ready-to-submit architectural plans by award-winning Grace Blu Designs.
The property was recently sold within the past year on 2025-08-29. The sold price is $3,000,000.00.
The property is currently a gutted shell and requires a full-scale construction project, making it unsuitable for buyers seeking a move-in ready home or traditional financing.
Beyond the $3.8M acquisition cost, the buyer will need substantial liquid capital to execute the 3,900-square-foot luxury build-out and navigate the city permitting process.
Exceptional Santiago Drive Opportunity | Newport Beach. Discover the rare opportunity to create your dream residence on one of West Newport Back Bay's most sought-after streets. This premium lot 85 frontage X 112 depth offers the ideal canvas to build a custom luxury home that captures the essence of coastal Newport Beach living. The current owner has already begun the process, engaging award-winning designer Rona Graf of Grace Blu Designs to craft inspired plans that seamlessly blend modern sophistication with timeless California style. Buyers may choose to continue with the existing design a single level home of 3,900sf and utilize portions of the current structure, or start anew with their own vision. Plans are done and ready to be submitted to the city. The expansive backyard provides exceptional privacy — a rare find in this coveted neighborhood — and features a pool and generous outdoor space ideal for entertaining or serene relaxation. There are no properties directly overlooking the yard, enhancing the sense of seclusion. The interior has been completely gutted and professionally remediated, with a certificate of completion issued by an environmental vendor confirming the removal of lead-based paint and asbestos, ensuring a clean slate for your build. Opportunities of this caliber in Newport Beach are seldom available — offering the perfect blend of location & potential.
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades PK-2 • 0.9 mi
Grades 3-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 6.0 | 3.0 | 85% |
| Square foot | 2,942 | 2,621.5 | 57% |
| Lot Size | 9,153 | 7,500 | 74% |
| Price | $3.80M | $3.92M | 48% |
| Price per sq ft | $1.3K | $1.4K | 38% |
| Built year | 1966 | 1970 | 39% |
| HOA | $0 | $375 | 33% |
| Days on market | 88 | 160 | 25% |
Jan 24, 2026
$3,800,000
Initial Listing
Aug 29, 2025
$3,000,000
Public Record