807 Aldebaran Circle, Newport Beach, California 92660, Newport Beach, 92660 - 6 bed, 4 bath
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807 Aldebaran Circle
Newport Beach, California 92660
ACTIVE
CONDITION: TEAR DOWN
6Beds
4Baths
3,298Sq Ft
12,002Lot Size
Property Price
LIST PRICE$5,500,000
EST. MARKET VALUE
$5,447,874
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $5,500,000—positioned slightly above the $5,447,874 Fair Market Value. While not a discount play, the 12,002 sqft double-sized lot in a premier Dover Shores cul-de-sac offers significant development upside. With a Condition Rating of 6 (mid-demolition), the property is a blank canvas for a custom build. Located near 9/10 rated schools like Eastbluff Elementary, this is a strategic acquisition for Luxury Developers or Owner-Occupants seeking to build a legacy estate.
Estimated Market Value
$5,447,874
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 807 Aldebaran Circle Subject | $5,500,000* List Price | 6 | 4 | 3,298 | $1,652 | - |
A 1721 Antigua Way Sold | $4,000,000 | 4 | 4 | 2,702 | $1,480 | 0.3 mi |
B 1208 Somerset Sold | $4,570,000 | 4 | 4 | 2,616 | $1,747 | 0.4 mi |
C 1842 Santiago Active | $4,500,000 List Price | 4 | 3 | 2,500 | $1,800 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1966 and currently mid-demolition, the interior is gutted to the studs with no functional kitchen, baths, or systems. It is unlivable and marketed primarily for its land value and rebuild potential.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
- Exceptional Lot Size & Location
Situated on a rare 12,002 square foot double-sized lot in a premier Dover Shores cul-de-sac, this property offers one of the largest usable footprints in the community, providing significant development potential.
- Development Ready Status
The property is a 'clean slate' with preliminary demolition complete, hazardous materials removed, and remodel plans already prepared, significantly accelerating the timeline for a custom build or major renovation.
CONSRISKS & DEFICIENCIES
- Non-Habitable Condition
The home is currently in a mid-demolition state, requiring a substantial additional investment of capital and time before it can be occupied, which may exclude traditional buyers seeking move-in ready homes.
- Extended Market Time
With 117 days on the market at a $5.5M price point for a project property, the listing may face challenges regarding perceived value versus the total cost of completion in the current market.
About 807 Aldebaran Circle
Offered for only the second time in over fifty years, this is one of Dover Shores' most important properties. This double-sized lot of 12,002 square feet (per new survey) is one of the largest usable lots in the community and is located in its most desirable cul-de-sac location. The existing single-story home over 3,600 square feet is ready for remodeling: preliminary demolition is complete, all HM have been removed, the property has been surveyed, and preliminary remodel plans have been prepared. It is a clean slate for someone to rebuild the existing residence, or start anew. Either way, one should not underestimate the opportunity to acquire one of Dover Shores' most sought-after properties. Residents enjoy use of the exclusive Dover Shores Homeowner’s Beaches and facilities (including multiple BBQ picnic areas, sports courts and boat storage) as well as access to numerous walking paths that wind around the community to the Back Bay nature preserve, nearby Castaways Park and the local waterways from the Newport Aquatic Center. Award-winning Mariners Elementary and Newport Harbor High schools are within walking distance.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1966
- Lot Size
- 12,002 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1383.0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Mariners Elementary School
Grades PK-6 • 0.7 mi
8/10
Woodland Elementary School
Grades PK-2 • 1.0 mi
0/10
Eastbluff Elementary School
Grades K-6 • 1.2 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 4.0 | 3.8 |
| Square foot | 3,298 | 2,729.518 |
| Lot Size | 12,002 | 6,677.813 |
| Price | $5.50M | $4.20M |
| Price per sq ft | $1.7K | $1.6K |
| Built year | 1966 | 1972 |
| HOA | $1383.0 | $414 |
| Days on market | 165 | 63 |
Pricing History
Listed for Sale
Mar 28, 2026
$5,500,000
Initial Listing
Sold
Nov 29, 2022
$3,200,000
Public Record