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 houses on the small, semi-artificial island in Orange County’s Newport Bay. The island is outlined by its ultrawealthy residents and bayfront setting.

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One instance: A 3-bedroom house at 11 Harbor Island Highway on the market that encompasses a lengthy yard to the water’s edge in addition to a ship slip large enough to accommodate a 57-foot yacht, plus aspect ties for 2 smaller boats. In-built 1950, three-bedroom house on a the 8,250-square-foot lot has been renovated with a brand new kitchen, pipes and flooring.

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It’s in the marketplace for $13.9 million.

Inside the home, views of the water abound. The primary stage has an open-plan design with a lounge that offers approach to a big eating space and close by kitchen. Two bedrooms are positioned on the principle stage; the first bed room with en-suite toilet is positioned 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.

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Harbor Island residents have included Donald Bren, chairman of the Irvine Firm actual property improvement company, with a internet value of $17.4 billion, in accordance with the Forbes Billionaire Checklist; and actual property investor and former United States diplomat George Argyros.

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The neighborhood is one in every 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. Houses right here had been constructed within the Forties and Nineteen Fifties, capitalizing on the attract of the waterfront and the harbor.

Properties locally are typically as unique as its residents, and gross sales are one thing a rarity because of 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, in accordance with the A number of Itemizing Service information.

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