RealKey
‪(213) 433-7766‬

21 Harbor Island, Newport Beach, California 92660, Newport Beach, 92660 - bed, bath

21 Harbor Island, Newport Beach, California 92660 home-pic-0
ACTIVE$29,500,000
21 Harbor Island, Newport Beach, California 92660
0Bed
0Bath
100Sqft
8,863Lot

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 = 8863, living area = 100.
Top Cons:
Requires Full New Construction: As an unbuilt lot, the property necessitates significant additional investment in time, cost, and effort for designing and constructing a new home from the ground up.

Compared to the nearby listings

Price:$29.50M vs avg $3.85M (+$25,652,000)99%
Size:100 sqft vs avg 2,666 sqft1%
Price/sqft:$295.0K vs avg $1.4K99%

More Insights

Built in 1937 (88 years old).
Condition: The listing explicitly states this is an 'unbuilt lot' and an 'opportunity to acquire an unbuilt lot... upon which to create one's dream home.' The property analysis also notes 'Requires Full New Construction.' While a year built of 1937 is listed, the 100 sqft indicates no substantial habitable structure exists, or any existing structure is intended for demolition. The value is solely in the land and its prime location for redevelopment, fitting the 'tear-down' criteria perfectly. No interior images of a house, kitchen, or bathroom are provided, reinforcing that the property is being sold for its land value.
Year Built
1937
Close
-
List price
$29.5M
Original List price
$29.5M
Price/Sqft
$295,000
HOA
$16,740.5
Days on market
-
Sold On
-
MLS number
NP25022338
Home ConditionTear down
Features
Excellent View: Bay, City Lights, Harbor, Water
ViewBay,City Lights,Harbor,Water

About this home

On offer is one of two lots from this iconic bayfront estate, being presented here in the form of one fifty-foot wide parcel with the address of 21 Harbor Island. Situated on Harbor Island - Newport Beach's most sought after address - and overlooking the main turning basin, this parcel features the very best views and the very best location one will ever find in Newport Beach on the water. This is a singular opportunity to acquire an unbuilt lot in an ultra-prime location upon which to create one's dream home on the bay. The building envelope is substantial and is complemented by a mature garden with stately trees and long green lawn running down to the water's edge. A relocated and reconfigured dock will accommodate up to an 85' yacht - possibly longer. No subdivision is necessary, as the lots have always been independent and were never merged. The home on the adjacent lot (20 Harbor Island) is available as part of a package offering of both lots for $59,000,000.

Condition Rating
Tear down
The listing explicitly states this is an 'unbuilt lot' and an 'opportunity to acquire an unbuilt lot... upon which to create one's dream home.' The property analysis also notes 'Requires Full New Construction.' While a year built of 1937 is listed, the 100 sqft indicates no substantial habitable structure exists, or any existing structure is intended for demolition. The value is solely in the land and its prime location for redevelopment, fitting the 'tear-down' criteria perfectly. No interior images of a house, kitchen, or bathroom are provided, reinforcing that the property is being sold for its land value.
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 = 8863, living area = 100.
Unparalleled Location: Situated on Harbor Island, Newport Beach's most sought-after address, offering an ultra-prime bayfront position overlooking the main turning basin.
Exceptional Multi-faceted Views: Boasts the 'very best views' encompassing Bay, City Lights, Harbor, and Water, providing a stunning backdrop for a future residence.
Custom Dream Home Opportunity: A singular opportunity to acquire an unbuilt lot with a substantial building envelope, allowing for the creation of a bespoke, custom-designed dream home.
Large Yacht Accommodation: Includes a reconfigured dock capable of accommodating a substantial yacht up to 85 feet or potentially longer, a rare and valuable amenity.
Established Waterfront Landscaping: Features a mature garden with stately trees and a long green lawn running directly down to the water's edge, enhancing its aesthetic appeal and direct bay access.

Cons

Requires Full New Construction: As an unbuilt lot, the property necessitates significant additional investment in time, cost, and effort for designing and constructing a new home from the ground up.
Extremely High Price Point: The list price of $29,500,000 for an unbuilt lot represents a substantial initial capital outlay, not including the considerable costs of construction.
High Annual Association Fees: The property incurs significant ongoing annual association fees of $16,740.50, adding to the long-term cost of ownership.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state