24 Narbonne, Newport Beach, California 92660, Newport Beach, 92660 - 4 bed, 5 bath
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Newport Beach, California 92660
This Luxury Development Asset is listed at $4,580,000, positioned accurately at its $4,580,000 Fair Market Value. The property’s primary value-add lies in the permit-ready plans for a 6,000 sq. ft. custom home, allowing a buyer to bypass the complex Newport Beach entitlement process. With a Condition Rating of 6, the site is ready for a modern masterpiece featuring panoramic ocean and harbor views within the Newport Mesa Unified district. Located in the elite Harbor Ridge gated community, this is a high-upside acquisition for Luxury Developers or Visionary Owner-Builders.
Property is land value only, full reconstruction required.
The property is being marketed primarily for its land value and 'permit ready plans' to build a new 6,000 sq. ft. residence. The existing structure, built in 1980, is not shown in photos (which are architectural renderings of the proposed home), signaling that the current improvements are intended to be replaced.
The property includes permit-ready plans for a nearly 6,000 sq. ft. luxury residence, offering a significant advantage by bypassing the lengthy and complex Newport Beach approval process.
Situated at the end of a quiet cul-de-sac in the prestigious 24/7 guard-gated Harbor Ridge community, providing exceptional privacy and high-tier security.
The proposed architectural design features a rooftop deck specifically engineered to capture stunning ocean, harbor, and city light views, a premium asset in this market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13068, other record lot size in square feet = 11893.
The property's primary value proposition requires the buyer to undertake a large-scale construction project, involving significant additional capital and time.
With the original structure built in 1980, the current home likely requires extensive modernization or demolition to align with the luxury standards of the neighborhood.
With permit ready plans, you can start to build a nearly 6,000 sq. ft. luxury residence in Newport Beach! This home would have four bedrooms with en suite bathrooms, two kitchens, a home theater, and multipanel glass doors seamlessly bridging the activity room with a swimming pool and BBQ area. A well-designed rooftop deck that offers stunning ocean, harbor, and city views. Located at the end of a quiet cul-de-sac in the prestigious 24/7 guard-gated Harbor Ridge community, this 13,068 sq. ft. lot offers unmatched privacy and proximity to beaches, world-class dining, and top-rated schools.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 5.0 | 3.0 | 71% |
| Square foot | 4,627 | 2,623 | 85% |
| Lot Size | 13,068 | 7,500 | 94% |
| Price | $4.58M | $3.99M | 60% |
| Price per sq ft | $990 | $1.4K | 12% |
| Built year | 1980 | 1970 | 68% |
| HOA | $385.0 | $375 | 50% |
| Days on market | 103 | 161 | 35% |
Apr 20, 2026
$4,580,000
$4,780,000
-4% Price Drop
Initial Listing
Jan 9, 2026
$4,780,000
Initial Listing
Mar 29, 2022
$3,988,000
Public Record
Dec 24, 2014
$2,600,000
Public Record