1 Harbor View Drive Newport

$5,995,000
4 5 3,675 sq ft

The Property

Set on 1.19 elevated acres overlooking Newport Harbor, this exceptional property combines panoramic water views, remarkable privacy, and excellent walkability to downtown Newport, along with the rare opportunity to create a custom legacy estate. Tucked away on a private road behind mature hedges, the setting feels secluded while remaining just moments from the harbor and downtown Newport. The existing residence takes full advantage of the impressive views, featuring an expansive deck overlooking the harbor and a new custom chef’s kitchen with quartz countertops, premium appliances, and an oversized island opening to expansive living and dining spaces. The first floor includes two ensuite guest bedrooms and a luxurious primary suite with sweeping water views, a fireplace, wet bar, marble bath, soaking tub, dual vanities, and sauna.

A spacious lower level offers an additional living area, kitchenette, 4th bedroom, full bath and laundry. Outside, a heated gunite pool, spa, bluestone patio, and pool house create the perfect space for entertaining and relaxing with friends and family. Alternatively, the 1.19-acre parcel presents an extraordinary opportunity to build a custom dream home of up to approximately 18,000 square feet and 35 feet in height. Buildable parcels offering this combination of acreage, elevation, privacy, water views, and downtown walkability are exceptionally rare, an opportunity to create something truly special in Newport.

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Listing Details

MLS Number

1423476

Lot Size:

1.19 acres

Features

  • Basement: Full, Interior Only, Finished
  • Fireplace: Gas
  • Heating: Natural Gas, Baseboard
  • Heating Fuel: Natural Gas, Baseboard
  • Garage: 1
  • Close to Clubhouse
  • Out Building
  • Type: Contemporary
  • Year Built: 1984
  • Water Amenities: Waterfront

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Market Trends for Single Family Homes
in Newport

  • Overview
    Homes for Sale Today118-90.3% decrease in inventory
    New on Market *5973.5% increase in new listings
    Avg. Asking Price/Sq.Ft. *$750.92$181 decrease in List Price/Sq.Ft.
    Avg. Sale Price *$1,684,053$229,393 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *95.78%2.3% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$736.28$18 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *967 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

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