20 Harbor Is, Newport Beach, California 92660, Newport Beach, 92660 - 6 bed, 5 bath
ACTIVE$59,000,000
20 Harbor Is, Newport Beach, California 92660
6Beds
5Baths
3,600Sqft
17,726Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
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.
Top Cons:
Age and Condition of Existing Structure: Built in 1937, the property's existing structure likely requires substantial renovation or complete redevelopment to meet contemporary luxury standards, implying significant additional investment beyond the purchase price.
Compared to the nearby listings
Price:$59.00M vs avg $3.85M (+$55,152,000)99%
Size:3,600 sqft vs avg 2,673.5 sqft70%
Price/sqft:$16.4K vs avg $1.4K99%
More Insights
Built in 1937 (88 years old).
Condition: Built in 1937, the property's interior, particularly the kitchen, shows signs of being aged but maintained. The kitchen features traditional white cabinets, dated greenish-grey countertops and backsplash, and older-style tile flooring, suggesting a renovation that occurred 15-30 years ago rather than recently. While functional, the overall aesthetic and fixtures (e.g., wall sconces, carpeted areas) are outdated and would require substantial renovation to meet contemporary luxury standards, as explicitly noted in the property's weaknesses. There are no visible major defects, but the style is not current.
Year Built
1937
Close
-
List price
$59M
Original List price
$59M
Price/Sqft
$16,389
HOA
$33,481
Days on market
-
Sold On
-
MLS number
NP25020448
Home ConditionFair
Features
Excellent View: Bay, City Lights, Harbor, Water
Patio
ViewBay,City Lights,Harbor,Water
About this home
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.
Nearby schools
8/10
Newport Heights Elementary School
Public,•K-6•1.0mi
7/10
Abraham Lincoln Elementary School
Public,•K-6•2.5mi
7/10
Horace Ensign Intermediate School
Public,•7-8•0.9mi
7/10
Newport Harbor High School
Public,•9-12•1.1mi
9/10
Corona Del Mar High School
Public,•7-12•2.3mi
Condition Rating
Fair
Built in 1937, the property's interior, particularly the kitchen, shows signs of being aged but maintained. The kitchen features traditional white cabinets, dated greenish-grey countertops and backsplash, and older-style tile flooring, suggesting a renovation that occurred 15-30 years ago rather than recently. While functional, the overall aesthetic and fixtures (e.g., wall sconces, carpeted areas) are outdated and would require substantial renovation to meet contemporary luxury standards, as explicitly noted in the property's weaknesses. There are no visible major defects, but the style is not current.
Pros & Cons
Pros
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).
Unparalleled Location & Exclusivity: Situated on Harbor Island, one of Newport Beach's most prestigious and desirable locations, this property is available for the first time in over 70 years, representing a truly rare and exclusive opportunity.
Expansive Waterfront Frontage: Comprising two independent lots with a combined 100 feet of prime waterfront frontage, this offering provides an exceptional and unique footprint on the highly sought-after island.
Exceptional Private Dockage: The property boasts an impressive private dock capable of accommodating multiple boats up to 78 feet, with the potential for reconfiguration to house a yacht up to 100 feet, catering to serious boating enthusiasts.
Significant Development Potential: The offering provides immense flexibility for a buyer to restore, expand, or completely reimagine the existing structure, allowing for the creation of a bespoke, state-of-the-art waterfront estate.
Panoramic Harbor Views: The residence presides over Newport Harbor’s central turning basin and anchorage, offering magnificent, dynamic views of the harbor's yachting activity and surrounding waters.
Cons
Age and Condition of Existing Structure: Built in 1937, the property's existing structure likely requires substantial renovation or complete redevelopment to meet contemporary luxury standards, implying significant additional investment beyond the purchase price.
High Association Fees: The property is subject to a substantial association fee of $33,481, which adds a significant ongoing cost to ownership.
Limited Buyer Pool: The exceptionally high list price of $59,000,000 significantly narrows the potential buyer demographic to an exclusive group of ultra-high-net-worth individuals.