20 Harbor Is, Newport Beach, California 92660, Newport Beach, 92660 - 6 bed, 5 bath
20 Harbor Is
Newport Beach, California 92660
Property Price
SUMMARY
Analysis of 20 Harbor Is, Newport Beach, California 92660 is currently available with a list price of $59,000,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1937, the property's interior, including the kitchen, appears to have been renovated approximately 15-30 years ago. While clean and well-maintained, the kitchen features (cabinets, countertops, tile flooring) and overall interior decor (carpeting, light fixtures, window treatments) are dated and do not meet current luxury standards. The listing description itself suggests the property is an opportunity to be 'restored, expanded, or wholly reimagined,' indicating a need for substantial updates to meet modern expectations, aligning with the 'Fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17726, living area = 3600.
- Great Schools
High School: Corona Del Mar High School (9/10).
- Unrivaled Waterfront Location
Situated on two extraordinary view lots on Harbor Island, one of Newport Harbor's most prestigious and exclusive enclaves, offering unparalleled access and prestige.
CONSRISKS & DEFICIENCIES
- Substantial Capital Investment Required
The property, built in 1937, is positioned as an opportunity to 'restore, expand, or wholly reimagine,' implying significant additional capital investment beyond the purchase price for modernization or a complete rebuild.
- Ultra-Luxury Price Point & Limited Market
Listed at $59,000,000, this property targets an extremely exclusive buyer pool, which, combined with a high annual association fee, inherently narrows market appeal.
- Dated Interior (Implied)
While possessing classic charm, the 1937 construction date and the focus on future reimagining suggest the existing 3600 sqft residence likely requires extensive interior updates to meet contemporary luxury standards and buyer expectations.
About 20 Harbor Is
This landmark Newport Beach Harbor Island home, situated on two of its most extraordinary view lots, is available for sale for the first time in over 70 years. Favored for its timeless classic style, impressive private dockage, magnificent stately grounds, and beautifully manicured specimen trees, this gracious residence, built circa 1937, presides over Newport Harbor’s central turning basin and anchorage, the hub of the harbor’s yachting activity. This offering comprises two independent lots (numbers 20 and 21), each fifty feet wide. Their combined one hundred feet of frontage, found on the most desirable island in Newport Harbor, represents the last opportunity of its kind. Surrounded by Southern California’s most impressive and expensive waterside residences, this property can be restored, expanded, or wholly reimagined to build the waterfront home of your dreams. The existing private dock can accommodate several boats to 78’, and reconfiguration could allow for a yacht to 100’. Lot 21 can be purchased separately for $29,500,000.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1937
- Lot Size
- 17,726 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $33481.0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Heights Elementary School
Grades K-6 • 1.0 mi
Abraham Lincoln Elementary School
Grades K-6 • 2.5 mi
Horace Ensign Intermediate School
Grades 7-8 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 92% |
| Baths | 5.0 | 3.0 | 72% |
| Square foot | 3,600 | 2,643 | 69% |
| Lot Size | 17,726 | 7,500 | 97% |
| Price | $59.00M | $3.85M | 99% |
| Price per sq ft | $16.4K | $1.4K | 99% |
| Built year | 1937 | 1970 | 1% |
| HOA | $33481.0 | $375 | 99% |
| Days on market | 403 | 162 | 98% |
Pricing History
Listed for Sale
Jan 28, 2025
$59,000,000
Initial Listing