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 Street 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. 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 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 front room that provides option to a big eating space and close by kitchen. Two bedrooms are positioned on the primary stage; the first bed room with en-suite rest room is positioned on the higher stage.

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

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The neighborhood is certainly 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 Nineteen Forties and 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 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 data.

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