A waterfront estate in Newport Beach’s Linda Isle enclave is on the market for just shy of $70 million, flirting with a new price record for the coastal Orange County city.
The recently developed home at 87 Linda Isle hit the market this week and became the most expensive active listing nationwide, Realtor.com reported. Luxe Real Estate’s Payman Paul Daftarian holds the listing.
The 9,179-square-foot home in the gated Linda Isle community was completed last year and boasts 104 feet of waterfront frontage with its own private dock capable of accommodating multiple yachts up to 130 feet long. The property boasts five bedrooms and five-and-a-half bathrooms on a roughly 0.3-acre lot. The harborside manse also boasts upper-level balconies, skylights, hand-crafted art and architectural touches and disappearing doors that open out to the view below.
If the home sells for anywhere near its $70 million, it will set a new price record for the city of Newport Beach. In 2020, LoanDepot founder Anthony Hsieh bought a more than 18,000-square-foot mansion at 15 Del Mar in Newport Beach’s Newport Coast enclave for $61 million. That transaction still holds the crown for the priciest sale in Newport Beach to date.
A listing this spring in Newport Coast seeks to challenge that record. In May, a home at 18 Swimmers Point in Newport Coast’s Crystal Cove community was for sale for $68 million — nearly double what the $38 million that its current owner, a private trust with a Santa Monica address, paid for the home last October, The Real Deal previously reported.
Earlier this month, another home in Newport Beach sold for an eye-popping amount, though not as much as the high-flying Linda Isle listing. A newly built 11,600-square-foot mansion at 3512 Ocean Boulevard in the Corona del Mar neighborhood sold for $48.5 million after listing in February for nearly $52 million, The Real Deal reported.
Last month, Orange County as a whole reached a new high with the record-setting sale of a mansion in Laguna Beach for $110 million, The Real Deal reported.
— Chris Malone Méndez
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