7 Del Mar, Newport Beach, CA 92657

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Lot/Land: $7,900,000

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  • Lot:0.49 acres
  • Last Sold:Nov 2007 for $15,200,000
  • Days on Zillow:192
  • Open House:4/19 1pm-4pm
Description
Perched along the cliffs of Crystal Cove, 7 Del Mar is the last true front row lot available with unimpeded views of Newport Harbor, Catalina Island and the deep Pacific Ocean to Palos Verdes. This site offers the much desired ?due west? orientation, which allows for year?round sunsets. After three years of planning, this 21,449 square foot lot is ready to start construction, and is available only due to a change in estate plans. Highly regarded architectural firm EBTA and extraordinary interior designer Robert Ricker collaborated with the owner to create exquisite plans for a 12,000+ square foot masterpiece that features 6 bed/baths, two powder rooms, 12 seat theater, exercise room, day-lighted lower level billiard and game room, 9 car garage, two BBQs, lily ponds, pool, spa, sun room, fire pit, loggias, and much more. The higher end of price range reflects the value of the plans that have been approved by the county, which would allow the savvy buyer to save 18-24 months of design and approval time. Alternatively, potential buyers are welcome to purchase the property and then develop their own plans. Buyers should submit offers based on their preference.  MoreLess
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    • County NameUnknown
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    • MLS #NP14029751
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Neighborhood for 7 Del Mar

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Foreclosures will be a factor impacting home values in the next several years. In the 92657 market, the number of foreclosures waiting to be sold shrank 12.8% in the last year. The number of unsold foreclosures is 355.2% higher than in Newport Coast, and 8.3% lower than the national average. This higher local number may prevent 92657 home values from rising as quickly as other regions in Newport Coast.

Learn more about forecast calculations or 92657 home values.
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