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

842 Harbor Island Drive, Newport Beach, California 92660 home-pic-0
ACTIVE$13,995,000
842 Harbor Island Drive, Newport Beach, California 92660
4Beds
5Baths
5,102Sqft
7,000Lot

Price Vs. Estimate

The estimated value ($12,929,573.65) is $1,065,426.35 (7%) lower than the list price ($13,995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: High School: Corona Del Mar High School (9/10).
Top Cons:
Dated Renovation: While rebuilt 'down to the studs' in 1991, this significant renovation is now over three decades old, potentially requiring substantial modern updates to meet current luxury market expectations and compete with newer builds/renovations.

Compared to the nearby listings

Price:$13.99M vs avg $3.85M (+$10,147,000)98%
Size:5,102 sqft vs avg 2,673.5 sqft91%
Price/sqft:$2.7K vs avg $1.4K98%

More Insights

Built in 1975 (50 years old).
Condition: The property was extensively renovated 'down to the studs' in 1991, making the renovation 34 years old. While structurally sound, the interior, particularly the kitchen and primary bathroom, exhibits very dated styles characteristic of the early 90s (e.g., dark wood cabinetry, specific tile choices, black jetted tub with gold fixtures, Hollywood vanity lighting). To meet current luxury market expectations, these key areas would require substantial modern updates and rehabilitation, going beyond minor cosmetic changes.
Year Built
1975
Close
-
List price
$13.99M
Original List price
$15.5M
Price/Sqft
$2,743
HOA
$512
Days on market
-
Sold On
-
MLS number
NP25103596
Home ConditionPoor
Features
Excellent View: Bay, Harbor, Ocean, Panoramic, Water
Deck
Pool
Spa
Patio
ViewBay, Harbor, Ocean, Panoramic, Water

About this home

Situated on the largest lot on Harbor Island Drive, this extraordinary corner bayfront residence offers an unparalleled opportunity to live in one of Newport Beach’s most exclusive enclaves. With approximately 146 feet of water frontage and a private dock that accommodates a 70-foot yacht, a Duffy boat, and two dock racks, the property delivers an exceptional blend of luxury, space, and waterfront access. Nearly every room captures breathtaking views of the bay, harbor, and coastline, creating a constant connection to the water. The expansive bayfront deck is ideal for entertaining, featuring a dipping pool, elevated spa, and generous lounging space, while large pass-through windows from the kitchen and formal bar provide effortless indoor-outdoor flow. This 4-bedroom, 4-bathroom home with a bonus room is thoughtfully designed for both comfort and privacy. All bedrooms are ensuite, including a main-level suite with a private entrance—perfect for guests or multi-generational living. The expansive primary suite features a cozy retreat with fireplace and a private deck overlooking the water. Throughout the home, artistic details abound, from Kohler Artist Edition sinks to custom mosaic tilework and a spa tub, adding elegance and character to each space. Located on the prominent Harbor Island Drive, residents enjoy access to Harbor Island’s private beach and a lifestyle just minutes from the harbor, Balboa Island, iconic dining, and world-class beaches. Rarely does a property of this size, location, and dock capacity come to market—offering the best of coastal luxury in one of Newport’s most sought-after settings. *House was completely rebuilt down to the studs in 1991.

Nearby schools

8/10
Newport Heights Elementary School
Public,K-61.5mi
7/10
Abraham Lincoln Elementary School
Public,K-62.0mi
7/10
Horace Ensign Intermediate School
Public,7-81.3mi
7/10
Newport Harbor High School
Public,9-121.4mi
9/10
Corona Del Mar High School
Public,7-122.0mi
Condition Rating
Poor

The property was extensively renovated 'down to the studs' in 1991, making the renovation 34 years old. While structurally sound, the interior, particularly the kitchen and primary bathroom, exhibits very dated styles characteristic of the early 90s (e.g., dark wood cabinetry, specific tile choices, black jetted tub with gold fixtures, Hollywood vanity lighting). To meet current luxury market expectations, these key areas would require substantial modern updates and rehabilitation, going beyond minor cosmetic changes.
Pros & Cons

Pros

Great Schools: High School: Corona Del Mar High School (9/10).
Premier Waterfrontage & Dock: Unparalleled 146 feet of water frontage with a private dock capable of accommodating a 70-foot yacht, Duffy, and two dock racks, a rare and highly sought-after amenity in Newport Beach.
Exclusive Bayfront Location: Positioned on the largest lot on prestigious Harbor Island Drive, offering a corner bayfront setting within an exclusive community with private beach access.
Panoramic Water Views: Nearly every room provides breathtaking, expansive views of the bay, harbor, and coastline, maximizing the property's waterfront appeal.
Luxurious Outdoor Entertainment: Features an expansive bayfront deck with a dipping pool, elevated spa, and ample lounging space, designed for seamless indoor-outdoor entertaining.
Functional & Flexible Layout: Thoughtfully designed with all ensuite bedrooms, including a private main-level guest suite, catering to comfort, privacy, and multi-generational living.

Cons

Dated Renovation: While rebuilt 'down to the studs' in 1991, this significant renovation is now over three decades old, potentially requiring substantial modern updates to meet current luxury market expectations and compete with newer builds/renovations.
Overpriced Relative to Market Value: The current listing price is 7% above the property's estimated value and has already undergone a price reduction from $15.5M, indicating potential market resistance or overvaluation.
Specific Aesthetic May Limit Appeal: The mention of 'artistic details' and specific fixtures (e.g., Kohler Artist Edition sinks, custom mosaic tilework) suggests a unique, potentially niche, design aesthetic that might not appeal to all high-end buyers seeking a more contemporary or universally modern finish.

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