500 Harbor Island Drive, Newport Beach, California 92660, Newport Beach, 92660 - 4 bed, 5 bath

500 Harbor Island Drive
Newport Beach, California 92660
Property Price
SUMMARY
Analysis of 500 Harbor Island Drive, Newport Beach, California 92660 reveals a property with a current list price of $10,480,000, which is 6% above the estimated $9,835,213 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 Harbor Island Drive Subject | $10,480,000* List Price | 4 | 5 | 4,440 | $2,215 | - |
A 748 Harbor Island Drive Sold | $8,300,000 | 4 | 4 | 4,017 | $2,066 | 0.2 mi |
B 648 Harbor Island Drive Sold | $8,200,000 | 4 | 6 | 3,898 | $2,104 | 0.1 mi |
C 8 Beacon Bay Pending | $12,995,000 List Price | 5 | 6 | 5,132 | $2,532 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1973, this property has undergone an extensive and high-end renovation, making it virtually new. The custom gourmet kitchen features top-tier Wolf and Sub-Zero appliances, waterfall-edge onyx countertops, and bespoke cabinetry. Bathrooms are luxurious with freestanding tubs, glass showers, and refined lighting. All visible components, including wide-plank wood floors, designer light fixtures, and custom doors, are in pristine, modern condition, meeting current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Corona Del Mar High School (9/10).
- Prime Waterfront Location & Amenities
Boasts approximately 53 feet of water frontage, a private 40-foot dock, and a bayfront deck with an in-ground spa, offering unparalleled waterfront living and entertaining.
- Luxurious & Contemporary Design
Features bespoke interiors, custom tinted garage doors, a walnut-and-glass pivot front door, double-height ceilings, a floating staircase, and high-end lighting fixtures, reflecting modern elegance.
CONSRISKS & DEFICIENCIES
- Original Construction Year
Built in 1973, despite extensive renovations, the underlying structure's age might be a consideration for some buyers regarding long-term maintenance or potential unseen issues.
- Cooling System Specificity
The description mentions 'solar-assisted air conditioning,' which may imply a less traditional or potentially less robust cooling solution compared to a full, conventional AC system, especially during peak heat.
- High Operating Costs
As a luxury waterfront property in a prime location with high-end features and an association fee, prospective buyers should anticipate substantial ongoing maintenance, utility, and property tax expenses.
About 500 Harbor Island Drive
Shimmering water vistas, contemporary architecture, and bespoke interiors define this extraordinary waterfront residence. Approximately 53 feet of water frontage and a private 40-foot dock anchor a bayfront deck designed for effortless entertaining, complete with an in-ground spa and expansive outdoor living space. Design-forward living is evident upon arrival, introduced by newly installed custom tinted garage doors with walnut frames and a custom walnut-and-glass pivot front door with matching gate. Spanning approximately 4,440 square feet, the thoughtfully designed floor plan offers four en suite bedrooms and four-and-one-half baths, including a main-level suite ideal for guests or multigenerational living. A dramatic foyer sets the tone with double-height ceilings, a floating staircase accented by custom stainless steel railings, and floor-to-ceiling windows sandblasted for privacy. Wide-plank wood floors and a sculptural Tom Dixon light fixture elevate the sense of arrival. Main living spaces center around a book-matched granite fireplace, where expansive sliding glass doors frame views of the boat-dotted harbor beyond. Indoor-outdoor flow continues into a waterfront dining room anchored by a statement Bocci chandelier crafted from hand-blown glass. Culinary pursuits are elevated in a custom gourmet kitchen featuring waterfall-edge onyx countertops, bespoke cabinetry, a wet bar, Wolf range, built-in Sub-Zero refrigeration, high-top seating, and a Sub-Zero wine cooler. Two staircases lead to the upper level, where three en suite bedrooms are complemented by a fireplace-warmed bonus or game room with wet bar and a secondary laundry room. Retreat-like privacy defines the primary suite, showcasing Promontory Bay views from a private balcony, mirrored wardrobe walls, a freestanding soaking tub, separate shower, and refined Foscarini lighting. Additional highlights include skylights, curated Restoration Hardware lighting, specialty tile from Artistic Tile and TileBar, floating built-in cabinetry, a Murphy bed in one bedroom, solar-assisted air conditioning, an alarm system with video surveillance, and an attached three-car garage. Ideally positioned moments from Lido Marina Village, Fashion Island, world-class resorts, and award-winning schools, this waterfront estate offers a rare connection to Newport Beach’s most coveted coastal lifestyle.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1973
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $550.0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Heights Elementary School
Grades K-6 • 1.3 mi
Abraham Lincoln Elementary School
Grades K-6 • 2.3 mi
Horace Ensign Intermediate School
Grades 7-8 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 5.0 | 3.0 | 72% |
| Square foot | 4,440 | 2,643 | 82% |
| Lot Size | 5,000 | 7,475 | 25% |
| Price | $10.48M | $3.85M | 96% |
| Price per sq ft | $2.4K | $1.4K | 95% |
| Built year | 1973 | 1970 | 58% |
| HOA | $550.0 | $375 | 70% |
| Days on market | 43 | 158 | 8% |
Pricing History
Listed for Sale
Jan 23, 2026
$10,480,000
Initial Listing
Sold
Mar 31, 1998
$2,175,000
Public Record































































