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 dwelling at 11 Harbor Island Highway on the market that encompasses a lengthy yard to the water’s edge in addition to a ship slip sufficiently big to accommodate a 57-foot yacht, plus aspect ties for 2 smaller boats. In-built 1950, three-bedroom dwelling on a the 8,250-square-foot lot has been renovated with a brand new kitchen, pipes and flooring.
It’s available on the market 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 method 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 group with 24-hour guards and off-limits to nonresidents.
Harbor Island residents have included Donald Bren, chairman of the Irvine Firm actual property growth company, with a internet price 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 considered one of a handful of residential islands in Newport Harbor; others embody Bay Island, Little Balboa Island and Lido Isle. The island was created throughout dredging within the early 1900s. Properties right here had 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 as a result of restricted provide. Transactions over the past 5 years embody the 2020 sale of a contemporary-style dwelling with 134 ft of linear water frontage for $17.68 million and a $25-million deal in 2018 for a traditional-style dwelling 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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