Few coastal neighborhoods in Southern California are as unique as Harbor Island in Newport Seaside. For starters, there are simply 30 properties on the small, semi-artificial island in Orange County’s Newport Bay. The island is outlined by its ultrawealthy residents and bayfront setting.
One instance: A 3-bedroom residence at 11 Harbor Island Highway on the market that contains a lengthy yard to the water’s edge in addition to a ship slip large enough to accommodate a 57-foot yacht, plus facet ties for 2 smaller boats. Inbuilt 1950, three-bedroom residence on a the 8,250-square-foot lot has been renovated with a brand new kitchen, pipes and flooring.
It’s in the marketplace for $13.9 million.
Inside the home, views of the water abound. The principle stage has an open-plan design with a lounge that provides approach to a big eating space and close by kitchen. Two bedrooms are situated on the principle stage; the first bed room with en-suite rest room is situated on the higher stage.
“It’s a location that’s about constructing your legacy, and it has a privateness you do not get wherever else on the bay,” says itemizing agent AJ Olson Whitfield with Newport Seaside brokerage EQTY. The island is a gated neighborhood with 24-hour guards and off-limits to nonresidents.
Harbor Island residents have included Donald Bren, chairman of the Irvine Firm actual property improvement company, with a web value of $17.4 billion, in response to the Forbes Billionaire Listing; and actual property investor and former United States diplomat George Argyros.
The neighborhood is certainly one of a handful of residential islands in Newport Harbor; others embrace Bay Island, Little Balboa Island and Lido Isle. The island was created throughout dredging within the early 1900s. Properties right here have been constructed within the Forties and Nineteen Fifties, capitalizing on the attract of the waterfront and the harbor.
Properties in the neighborhood are usually as unique as its residents, and gross sales are one thing a rarity attributable to restricted provide. Transactions during the last 5 years embrace the 2020 sale of a contemporary-style residence with 134 ft of linear water frontage for $17.68 million and a $25-million deal in 2018 for a traditional-style residence on a roomy waterfront lot of greater than 10,000 sq. ft, in response to the A number of Itemizing Service data.
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