807 Aldebaran Circle, Newport Beach, California 92660, Newport Beach, 92660 - 6 bed, 4 bath
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Newport Beach, California 92660
This Prime Development Asset in the prestigious Dover Shores enclave is listed at $5,500,000, representing a strategic acquisition for its rare 12,002 square foot double-lot. While the $4,977,671 Fair Market Value reflects its current Condition Rating of 5, the property’s "clean slate" status—with demolition complete and remodel plans prepared—minimizes development lead times. Situated in a premier cul-de-sac near Mariners Elementary and Corona Del Mar High, the site offers immense potential for a high-end custom estate. This is an elite opportunity for Luxury Developers or Owner-Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 807 Aldebaran Circle Subject | $5,500,000* List Price | 6 | 4 | 3,298 | $1,566 | - |
A 1208 Somerset Sold | $4,570,000 | 4 | 4 | 2,616 | $1,747 | 0.4 mi |
B 1536 Galaxy Drive Sold | $5,975,000 | 4 | 4 | 3,735 | $1,600 | 0.1 mi |
C 1633 Santiago Active Under Contract | $4,199,999 List Price | 4 | 4 | 2,725 | $1,541 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is currently in a non-habitable state as preliminary demolition is complete. The interior is completely gutted to the studs, meaning there are no functional kitchens, bathrooms, flooring, or internal systems. It requires a total rehabilitation or a complete rebuild.
Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Situated on a rare 12,002 square foot double-sized lot within a premier cul-de-sac, this property offers one of the largest usable footprints in the prestigious Dover Shores community.
The property serves as a 'clean slate' with preliminary demolition complete, hazardous materials removed, and remodel plans already prepared, significantly reducing the lead time for a custom rebuild.
The home is currently in a state of mid-demolition, meaning it is not move-in ready and requires a buyer prepared for a comprehensive and immediate construction project.
In addition to the $5.5M purchase price, the property demands a significant secondary investment to complete the construction, which may limit the buyer pool to high-net-worth developers or custom-home seekers.
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.
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades PK-2 • 1.0 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 96% |
| Baths | 4.0 | 3.0 | 51% |
| Square foot | 3,298 | 2,623 | 65% |
| Lot Size | 12,002 | 7,500 | 91% |
| Price | $5.50M | $4.05M | 73% |
| Price per sq ft | $1.7K | $1.4K | 75% |
| Built year | 1966 | 1970 | 37% |
| HOA | $1383.0 | $375 | 95% |
| Days on market | 71 | 138 | 12% |
Mar 28, 2026
$5,500,000
Initial Listing
Nov 29, 2022
$3,200,000
Public Record