1518 Anita Lane, Newport Beach, California 92660, Newport Beach, 92660 - 6 bed, 5 bath
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Newport Beach, California 92660
This Modern Dover Shores Residence presents a High-Potential Investment Opportunity with a List Price of $4,975,000—positioned well below the $5,113,290 Fair Market Value by 2%. This valuation gap offers $138,290 in Instant Equity for buyers. Despite its Condition Rating of 4, the 2010-built home features 6 bedrooms, floor-to-ceiling windows, and a peek-a-boo view within the elite Newport Mesa Unified district. This Value-Add Asset is a prime acquisition for Luxury Renovators or Owner-Occupants seeking a custom estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1518 Anita Lane Subject | $4,975,000* List Price | 6 | 5 | 3,672 | $1,453 | - |
A 47 Cape Andover Sold | $6,010,000 | 4 | 5 | 3,989 | $1,507 | 0.6 mi |
B 1509 Anita Lane Sold | $3,845,000 | 4 | 3 | 2,441 | $1,575 | 0.0 mi |
C 1412 Santiago Dr Active | $3,800,000 List Price | 4 | 6 | 2,942 | $1,292 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While built in 2010, the property is marketed as a renovation or redevelopment opportunity and sold 'as-is.' The interior features, including the kitchen and bathrooms, reflect builder-grade finishes from the era that show signs of wear and are considered outdated for the Newport Beach luxury market. The listing's emphasis on 'potential' and 're-imagining' suggests the home requires significant cosmetic updates and maintenance to reach its full potential.
Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Situated in the prestigious Baycrest South neighborhood of Dover Shores, the property is minutes from top-rated schools, elite 17th Street dining, and Newport Beach’s iconic coastline.
Built in 2010, this expansive 3,672 sqft home features a contemporary two-story layout with dramatic floor-to-ceiling windows and a seamless indoor-outdoor flow.
The property is being sold in as-is condition and requires a refresh or refinement, necessitating additional capital investment from the buyer to reach its full potential.
Despite the premium $4.975M price point, the property only offers a 'peek-a-boo' view, which may be a drawback for buyers seeking expansive water or city light vistas.
Opportunity awaits in this modern two-story residence located in the prestigious Baycrest South neighborhood of Dover Shores in Newport Beach. Set on a desirable lot, this expansive home offers 6 bedrooms and 5 bathrooms with exceptional potential for renovation, customization, or redevelopment. The spacious floor plan provides a strong foundation to re-imagine the interiors, enhanced by abundant natural light and dramatic floor-to-ceiling windows. A sprawling primary suite opens to a grand patio, creating a seamless indoor-outdoor living experience. Dover Shores is known for its tranquil setting and prime location near top-rated schools, 17th Street dining and shopping, John Wayne Airport, and Newport Beach’s iconic coastline. Whether you’re looking to refresh or refine your dream home, this property presents a rare opportunity in one of Newport Beach’s most sought-after communities. Property sold as-is.
No exterior & parking available.
Grades PK-6 • 0.4 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 | 6.0 | 4.0 | 93% |
| Baths | 5.0 | 3.0 | 71% |
| Square foot | 3,672 | 2,621.5 | 69% |
| Lot Size | 9,265 | 7,500 | 76% |
| Price | $4.97M | $3.97M | 62% |
| Price per sq ft | $1.4K | $1.4K | 44% |
| Built year | 2010 | 1970 | 90% |
| HOA | $0 | $375 | 33% |
| Days on market | 68 | 160 | 16% |
Feb 13, 2026
$4,975,000
Initial Listing
Jul 14, 2016
$2,825,000
Public Record