
Newport Beach, California 92663
This Newport Island waterfront residence represents a High-Potential Investment Opportunity, listed at $6,800,000—positioned above the $6,373,276 Fair Market Value. While currently priced above market, the property offers a rare 30-foot private boat dock and panoramic harbor views from a finished rooftop deck. With a Condition Rating of 5, the home requires significant modernization, providing a blank canvas for value-add renovations. Located near Newport Elementary (9/10), this property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a premier waterfront lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3708 Channel Place Subject 3 bd · 3 ba · 2,360 sqft · $2,701 | $6,800,000* List Price | 3 | 3 | 2,360 | $2,701 | - |
A 222 Via Graziana Active 3 bd · 4 ba · 2,641 sqft · $2,234 · 0.8 mi | $5,900,000 List Price | 3 | 4 | 2,641 | $2,234 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1985, this property is 41 years old and appears to retain most of its original finishes, including oak cabinetry, dated tile flooring, and older carpeting. Per the criteria, homes >30 years old without significant renovation fall into this category; the listing description confirms the need for a 'design vision' to modernize the dated kitchen and baths.
Elementary School: Newport Elementary School (9/10).
The property features a rare 30-foot private boat dock and wide water frontage, offering direct access to Newport Harbor for an elite boating and coastal lifestyle.
Multiple outdoor living spaces, including a waterfront patio and a finished rooftop deck, provide versatile areas for hosting while enjoying panoramic harbor and canal views.
Built in 1985 and marketed as a 'design vision' opportunity, the home likely requires significant capital investment to update its interior finishes to current luxury standards.
As a nearly 40-year-old custom build, the property may lack the energy efficiency and modern building systems found in newer waterfront developments at this price point.
A rare Newport Island waterfront opportunity with a private 30-foot boat dock, wide water frontage and direct access to Newport Harbor. Custom built in 1985, this 2,360-square-foot, two-story residence offers an exceptional setting for enjoying the quintessential Newport Beach lifestyle. Designed for waterfront living and entertaining, the home features expansive windows overlooking the water, a spacious living room with built-in seating and fireplace, and French doors opening to the waterfront patio. The adjacent dining area connects to a generously sized kitchen with walk-in pantry, double ovens and gas cooktop. Upstairs, the private primary suite captures picturesque water views and features a fireplace, walk-in closet, wet bar and en-suite bath with dual vanity, separate shower and jetted tub. Two additional bedrooms share a full bath, while a drop-down staircase leads to the finished rooftop deck—an ideal setting for entertaining, relaxing and enjoying the surrounding harbor views. Outside, the 30-foot private dock and wide waterway frontage provide direct access to Newport Harbor for boating, paddle boarding and enjoying life on the water. Multiple outdoor spaces create an effortless connection between the home and its exceptional waterfront setting. Located on Newport Island, the property offers a rare combination of privacy and proximity, just moments from the ocean, boardwalk, Lido Village, Cannery Village, Newport Pier and an array of local shops and restaurants. Newport Island also offers its own neighborhood park with children's play area and basketball half-court. With its exceptional waterfront setting, private dock and distinctive custom architecture, this home offers an exciting opportunity to bring your own design vision and create a truly personalized Newport Island retreat.
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades PK-6 • 1.2 mi
Grades 7-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.5 |
| Square foot | 2,360 | 2,652.074 |
| Lot Size | 3,600 | 6,056.485 |
| Price | $6.80M | $4.19M |
| Price per sq ft | $2.9K | $1.6K |
| Built year | 1985 | 1972 |
| HOA | $0 | $463 |
| Days on market | 37 | 70 |
Sep 18, 2026
$6,800,000
Initial Listing