A $13.9 Million Home In One Of California’s Most Exclusive Island Neighborhoods

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 house at 11 Harbor Island Street on the market that incorporates 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 house 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 degree has an open-plan design with a front room that offers approach to a big eating space and close by kitchen. Two bedrooms are situated on the principle degree; the first bed room with en-suite rest room is situated on the higher degree.

“It’s a location that’s about constructing your legacy, and it has a privateness you aren’t getting 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 web price of $17.4 billion, based on the Forbes Billionaire Listing; and actual property investor and former United States diplomat George Argyros.

The neighborhood is one in all 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 had been constructed within the Nineteen 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 resulting from restricted provide. Transactions during the last 5 years embrace the 2020 sale of a contemporary-style house with 134 ft of linear water frontage for $17.68 million and a $25-million deal in 2018 for a traditional-style house on a roomy waterfront lot of greater than 10,000 sq. ft, based on the A number of Itemizing Service information.


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