
Newport Beach, California 92660
This Prime Development Opportunity in the prestigious Port Streets represents a high-stakes acquisition for a custom estate. Listed at $6,395,000, the property is positioned relative to a $5,409,252 Fair Market Value, reflecting the extreme scarcity of this 10,660-square-foot lot in Harbor View Homes. With a Condition Rating of 5, the existing 5,272 sqft structure requires a total overhaul to leverage its strong architectural bones. Located near Top-Rated Schools like Roy O. Andersen Elementary, this is a premier project for Luxury Developers or Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1700 Port Margate Subject | $6,395,000* List Price | 5 | 4 | 5,272 | $1,028 | - |
A 23 Lochmoor Lane Sold | $6,000,000 | 7 | 5 | 4,618 | $1,299 | 0.5 mi |
B 2 Inverness Lane Sold | $5,550,000 | 4 | 5 | 5,409 | $1,026 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1968 and marketed primarily as a 'reimagine, renovate, or build' opportunity, this property is in need of substantial rehabilitation. The listing description focuses on the 'strong architectural bones' and 'foundation for transformation' rather than current interior quality, indicating that the kitchen, bathrooms, and major systems are likely original or severely outdated. Given the emphasis on the 10,660-square-foot lot and the potential for a brand-new custom residence, the existing structure does not meet modern luxury standards and requires a total overhaul.
Elementary School: Roy O. Andersen Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Situated in the highly coveted Harbor View Homes community, this property offers a prestigious address within walking distance to award-winning schools and minutes from Fashion Island's luxury amenities.
The expansive 10,660-square-foot lot and 5,300-square-foot interior footprint provide a rare and massive canvas for a custom estate, offering scale that is difficult to find in this neighborhood.
The property was recently sold within the past year on 2025-12-11. The sold price is $5,500,000.00.
Marketed as a renovation or rebuild opportunity, the 1968 structure likely requires a total overhaul to meet contemporary luxury standards, adding substantial cost beyond the purchase price.
At a list price of $6.395M for a property in need of reimagining, the high initial investment may limit the pool of buyers to those with significant liquid capital for both acquisition and construction.
Discover an exceptional opportunity in the highly sought-after Port Streets – Harbor View Homes community of Newport Beach. This expansive 5-bedroom, 3.5-bathroom residence sits on a generous 10,660-square-foot lot and presents a rare chance to reimagine, renovate, or build your dream home in one of the area's most coveted neighborhoods. Spanning approximately 5,300 square feet, the property offers an impressive foundation for transformation. A long, private driveway creates a grand sense of arrival, while the three-car garage provides ample parking and storage. Surrounded by mature landscaping, the lot offers privacy, scale, and endless potential for a custom estate or stunning modern renovation. Inside, large picture windows bring abundant natural light into every room, highlighting the home’s spacious layout and providing an ideal canvas for thoughtful redesign. The flowing floor plan connects expansive living areas that can easily be re-envisioned for contemporary coastal living and entertaining. The primary suite offers a peaceful retreat with a fireplace and additional space perfect for a private sitting area, reading nook, or home office. With four fireplaces throughout the home and generously sized bedrooms, the existing structure provides strong architectural bones ready to be elevated into something truly spectacular. The oversized backyard offers tremendous opportunity to create a resort-style outdoor oasis, expand the home’s footprint, or design a completely new custom residence.Located just minutes from the premier shopping and dining of Fashion Island and within walking distance to award-winning schools, this property sits in the heart of the vibrant Port Streets community, known for its neighborhood parks, pools, greenbelts, and welcoming atmosphere. Whether you envision a full renovation or a brand-new custom build, this is a rare opportunity to create a signature home in one of Newport Beach’s most prestigious neighborhoods.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 1.1 mi
Grades 7-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 71% |
| Baths | 4.0 | 3.0 | 56% |
| Square foot | 5,272 | 2,623 | 94% |
| Lot Size | 10,660 | 7,500 | 87% |
| Price | $6.39M | $3.99M | 79% |
| Price per sq ft | $1.2K | $1.4K | 28% |
| Built year | 1968 | 1970 | 44% |
| HOA | $115.0 | $375 | 41% |
| Days on market | 37 | 161 | 6% |
Mar 16, 2026
$6,395,000
Initial Listing
Dec 11, 2025
$5,500,000
Public Record