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9 Leesbury Court, Newport Beach, California 92660, Newport Beach, 92660 - 5 bed, 6 bath

9 Leesbury Court, Newport Beach, California 92660 home-pic-0
ACTIVE$11,000,000
9 Leesbury Court, Newport Beach, California 92660
5Beds
6Baths
5,646Sqft
31,524Lot

Price Vs. Estimate

The estimated value ($7,834,822.17) is $3,165,177.83 (7%) lower than the list price ($11,000,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 31524, living area = 5646.
Top Cons:
Extensive Renovation Required: The home is currently in a state of pre-renovation demolition, requiring a substantial and costly remodeling project to be completed before it is move-in ready.

Compared to the nearby listings

Price:$11.00M vs avg $3.85M (+$7,152,000)96%
Size:5,646 sqft vs avg 2,673.5 sqft95%
Price/sqft:$1.9K vs avg $1.4K84%

More Insights

Built in 1984 (41 years old).
Condition: The property, built in 1984, is explicitly described as 'ready for remodeling' with 'pre-renovation demolition completed.' The images confirm this, showing interior spaces stripped down to the studs with exposed framing, wiring, and bare subfloors. This indicates the property is currently unlivable and requires substantial repairs and rehabilitation, including complete overhauls of the kitchen, bathrooms, and all major systems and finishes, aligning with the 'poor' condition criteria.
Year Built
1984
Close
-
List price
$11M
Original List price
$8.5M
Price/Sqft
$1,948
HOA
$365
Days on market
-
Sold On
-
MLS number
NP25019428
Home ConditionPoor
Features
Pool
Patio
View-

About this home

A very special opportunity awaits to complete this one-of-a-kind Newport Beach estate property. Located at the end of a cul-de-sac in the private, guard-gated community of Belcourt in Newport Beach, this oversized parcel of approximately .8 acres includes spacious gardens, lawns, a private tennis court, and a 5,600 square foot traditional style residence. The home is ready for remodeling and has had some pre-renovation demolition completed. Conceptual plans for the home include an updated exterior restyling, an addition of approximately 1,000 square feet, a reconfigured main level plan, a new pool and guest house ADU, and a refurbished garden plan. This is a truly unique chance to enjoy a lifestyle not afforded elsewhere in Newport Beach. Also on offer is a vacant parcel next door featuring an additional one-half acre of gardens. Its address is 7 Leesbury Court ($5.85 million). It poses many possibilities to join with 9 Leesbury to further distinguish the estate.

Condition Rating
Poor
The property, built in 1984, is explicitly described as 'ready for remodeling' with 'pre-renovation demolition completed.' The images confirm this, showing interior spaces stripped down to the studs with exposed framing, wiring, and bare subfloors. This indicates the property is currently unlivable and requires substantial repairs and rehabilitation, including complete overhauls of the kitchen, bathrooms, and all major systems and finishes, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 31524, living area = 5646.
Prime Location & Exclusivity: Located at the end of a cul-de-sac within the private, guard-gated community of Belcourt in highly desirable Newport Beach, offering security and prestige.
Expansive Lot Size & Amenities: Features an oversized 0.72-acre parcel, a rarity in Newport Beach, complete with spacious gardens, lawns, and a private tennis court.
Customization & Value-Add Opportunity: The residence is primed for a complete remodel, with pre-renovation demolition completed and conceptual plans for significant expansion (1,000 sq ft addition, new pool, guest house ADU), allowing for a bespoke estate.
Potential for Grand Estate Expansion: The adjacent 0.5-acre vacant parcel (7 Leesbury Court) is also available for purchase, offering a unique opportunity to create an even larger, unparalleled estate.
Generous Living Space: The property boasts a substantial 5,646 square foot traditional style residence with 5 bedrooms and 6 bathrooms, providing ample space for luxury living.

Cons

Extensive Renovation Required: The home is currently in a state of pre-renovation demolition, requiring a substantial and costly remodeling project to be completed before it is move-in ready.
Lack of Views: Despite its prime location in Newport Beach, the property explicitly states 'view: None,' which can be a significant drawback for high-end buyers in this market.
Significant Price Discrepancy: The current list price of $11,000,000 is considerably higher than the estimated property value of $7,834,822.17, suggesting a potential overpricing or a premium expected for the 'opportunity' aspect.

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