1842 Santiago, Newport Beach, California 92660, Newport Beach, 92660 - 4 bed, 3 bath
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Newport Beach, California 92660
This property presents a High-Potential Investment Opportunity with a List Price of $4,500,000—positioned above the $4,290,859 Fair Market Value. While the current structure holds a Condition Rating of 6, the expansive 12,035 sqft lot and Back Bay views provide a rare canvas for a custom luxury estate. Located within the Newport Mesa Unified district, near 9/10 rated schools, this site offers significant long-term appreciation potential. This is a strategic acquisition ideal for Custom Home Builders or Luxury Developers seeking a premier Dover Shores location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1842 Santiago Subject | $4,500,000* List Price | 4 | 3 | 2,500 | $1,716 | - |
A 1721 Antigua Way Sold | $4,000,000 | 4 | 4 | 2,702 | $1,480 | 0.3 mi |
B 1208 Somerset Sold | $4,570,000 | 4 | 4 | 2,616 | $1,747 | 0.9 mi |
C 807 Aldebaran Circle Active | $5,500,000 List Price | 6 | 4 | 3,298 | $1,668 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1967 and over 50 years old with no evidence of major renovations, the property is explicitly marketed as an opportunity to 'build or reimagine a custom residence.' The listing focuses on the land value, 12,000+ sqft lot, and views, while interior photos show original dated finishes and layout consistent with a structure at the end of its functional life.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12035, living area = 2500.
Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Situated on one of the most desirable streets in a prestigious bayfront-adjacent neighborhood, offering proximity to Mariners Park, Castaways Park, and upscale Westcliff Drive amenities.
Built in 1967, the existing 2,500 square foot residence likely requires a complete renovation or teardown to meet the standards of modern luxury buyers in this price point.
At a $4.5 million list price, the property represents a substantial initial investment before accounting for the significant additional capital required for construction or remodeling.
Positioned on one of the most desirable streets in Dover Shores, this exceptional property presents a rare opportunity to build or reimagine a custom residence in one of Newport Beach's most coveted bayfront-adjacent neighborhoods. Set on an expansive 12,000+ square foot parcel, the homesite enjoys picturesque views of the Newport Back Bay and offers endless potential for creating a truly remarkable coastal retreat. Ideally located just moments from Mariners Park, Castaways Park, the boutiques and dining destinations along Westcliff Drive, and the vibrant shops and restaurants of 17th Street. This premier location combines tranquility, convenience, and the quintessential Newport Beach lifestyle.
No exterior & parking available.
Grades PK-2 • 0.7 mi
Grades K-6 • 0.8 mi
Grades 3-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 4.0 |
| Square foot | 2,500 | 2,868 |
| Lot Size | 12,035 | 6,914 |
| Price | $4.50M | $4.44M |
| Price per sq ft | $1.8K | $1.6K |
| Built year | 1967 | 1970 |
| HOA | $0 | $430 |
| Days on market | 15 | 59 |
Jul 7, 2026
$4,500,000
Initial Listing