$64,000,000

Lying on the westerly side of Harbor Island, Newport Harbor’s most revered and sought-after private island locale, this stately period home has been lovingly kept for nearly one hundred years. Held by generations of one family for nearly as long, this is the proverbial property ‘everyone has been waiting for’. Words cannot describe the relaxed feeling one experiences sitting here on the bayside terrace and watching sailboats glide across the harbor from this most scenic location. Towering eucalyptus trees frame the reserved, colonial-style residence that is an understated monument to its era. The home fronts on a large brick terrace that adjoins an expansive green lawn that spans two oversized lots and runs to the water’s edge. A private inner courtyard, and expansive mature gardens, lend to the coastal ambiance found here. The original house, built circa 1937, has been preserved and enjoyed, while its authenticity protected. There is also a private boat dock for several yachts up to one hundred feet in length that completes the property. With the filtered afternoon sun trickling in from above, and the massive trees swaying in the gentle ocean breezes, the setting is truly enchanting. Of the few original estate sized parcels on the Newport Harbor, only a handful remain today. This offering is comprised of two, independent lots (numbers 20 and 21); each fifty feet in width. Their combined one hundred feet of frontage, found on the most desirable island in Newport Harbor, represents the last opportunity of its kind. Surrounded by Southern California’s most impressive and expensive waterside residences, this property can be restored, expanded, or completely reimagined into something that will stand for the next one hundred years. In real estate parlance, ‘irreplaceable’ is a word that is overused. However, this single word best describes this unexpected and fortuitous opportunity.