
Newport Beach, California 92660
This Stunning Waterfront Residence is a Strong Value Opportunity, listed at $9,895,000—positioned well below the $10,330,602 Fair Market Value by 4%. This valuation gap offers $435,602 in Instant Equity. Featuring a Mint Condition Rating, the home boasts 53 feet of water frontage, a private 40-foot dock, and high-end contemporary finishes. Located in the Newport Mesa Unified district near Corona Del Mar High School, this property is the ideal sanctuary for Luxury Homeowners or Sophisticated Investors seeking a turnkey, premier harbor-front lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 Harbor Island Drive Subject | $9,895,000* List Price | 4 | 5 | 4,440 | $2,327 | - |
A 8 Beacon Bay Sold | $12,000,000 | 5 | 6 | 5,132 | $2,338 | 0.2 mi |
B 701 Bayside Drive Active | $10,880,000 List Price | 5 | 6 | 4,410 | $2,467 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1973, the property has undergone a comprehensive, high-end contemporary renovation within the last 5 years. The interior features a gourmet kitchen with waterfall-edge onyx countertops and Wolf/Sub-Zero appliances, spa-inspired bathrooms with designer Foscarini lighting, and modern systems including solar-assisted climate control and video surveillance. The condition is mint with no visible maintenance required.
High School: Corona Del Mar High School (9/10).
The property features 53 feet of prime bay frontage and a private 40-foot dock that accommodates up to three vessels, including a 55-foot yacht, providing elite harbor access.
The residence showcases a sophisticated remodel with waterfall-edge onyx countertops, Wolf and Sub-Zero appliances, and designer lighting from Tom Dixon and Bocci, offering a turnkey luxury experience.
The 5,000 square foot lot is largely occupied by the residence, resulting in a focus on waterfront terrace living rather than traditional yard or garden space.
Despite modern aesthetic updates, the original 1973 construction may necessitate more frequent maintenance or inspections of underlying systems and waterfront structures compared to newer builds.
Commanding a premier bayfront setting within one of Newport Harbor's most coveted waterfront communities, 500 Harbor Island Drive offers an extraordinary blend of contemporary architecture, refined designer finishes, and effortless indoor-outdoor living. Boasting approximately 53 feet of water frontage and a private 40-foot dock accommodating up to a 55-foot vessel and three vessels total, the property captures the very best of Newport Beach waterfront living. Spanning approximately 4,440 square feet, the residence features four en-suite bedrooms, four-and-one-half bathrooms, and a thoughtfully designed floorplan for both grand entertaining and everyday living. A dramatic double-height entry introduces the home's sophisticated aesthetic, highlighted by a floating staircase with stainless-steel railings, expansive walls of glass, wide-plank wood flooring, and a Tom Dixon statement chandelier. The main living areas are oriented toward the water, creating a seamless connection to the bayfront terrace beyond. Designed for entertaining, the outdoor living space features an in-ground spa, outdoor fireplace, and areas for dining and lounging while overlooking the harbor and passing yachts. The gourmet kitchen serves as the heart of the home, appointed with waterfall-edge onyx countertops, custom cabinetry, Wolf appliances, a built-in Sub-Zero refrigerator, Sub-Zero wine refrigeration, a wet bar, and island seating. Adjacent dining and living spaces open directly to the waterfront and are complemented by a custom Bocci chandelier featuring hand-blown glass. A desirable main-level en-suite bedroom provides flexibility for guests or multigenerational living. Upstairs, the primary suite enjoys harbor views, a private waterfront balcony, wardrobe storage, and a spa-inspired bath with a freestanding soaking tub, walk-in shower, and designer Foscarini lighting. Two additional en-suite bedrooms, a secondary laundry area, and a spacious bonus room with a fireplace and wet bar complete the upper level. Additional amenities include custom built-ins, skylights, Restoration Hardware lighting, specialty tile from Artistic Tile and Tilebar, a Murphy bed, solar-assisted climate control, security and video surveillance, and an attached three-car garage. Residents enjoy close proximity to Balboa Island, Balboa Yacht Club, Newport Beach Yacht Club, Lido Marina Village, Fashion Island, award-winning schools, championship golf, and Newport Beach's coastline.
No exterior & parking available.
Grades K-6 • 1.3 mi
Grades K-6 • 2.3 mi
Grades 7-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 5.0 | 4.0 |
| Square foot | 4,440 | 2,868 |
| Lot Size | 5,000 | 6,914 |
| Price | $9.89M | $4.44M |
| Price per sq ft | $2.2K | $1.6K |
| Built year | 1973 | 1970 |
| HOA | $550.0 | $430 |
| Days on market | 37 | 59 |
Jun 15, 2026
$9,895,000
Initial Listing
Mar 31, 1998
$2,175,000
Public Record