1206 Mariners, Newport Beach, California 92660, Newport Beach, 92660 - 5 bed, 6 bath

1206 Mariners, Newport Beach, California 92660 home-pic-0
ACTIVE$4,600,000
1206 Mariners, Newport Beach, California 92660
5Beds
6Baths
2,573Sqft
8,910Lot
Year Built
1965
Close
-
List price
$4.6M
Original List price
$4.6M
Price/Sqft
$1,788
HOA
-
Days on market
-
Sold On
-
MLS number
OC25267088
Home ConditionTear down
Features
Deck
Pool
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 13% below the list price. We found 4 Cons,6 Pros. Rank: price - $4.60M(64th), sqft - 2573(45th), beds - 5(71th), baths - 6(87th).

RARE RTI OPPORTUNITY IN PRESTIGIOUS DOVER SHORES Attention developers, investors, or owner-users looking to build the ultimate dream home in the highly coveted Dover Shores community. This exceptional project comes with fully approved architectural plans for a stunning two-story home featuring 5,660 sq. ft., 5 bedrooms, office, study room, secondary living room, and 5.5 baths. The thoughtfully designed main level includes a service kitchen with an oversized island and bar seating, flowing seamlessly into an expansive living area. Floor-to-ceiling glass doors open to the front patio, creating an ideal indoor/outdoor living experience. The dramatic great room impresses with its soaring ceilings and statement fireplace. Upstairs, the private primary suite offers a true retreat complete with a sauna, soaking tub, walk-in shower, dual vanities, spacious walk-in closet, and a private balcony. Three additional en-suite bedrooms complete the second level. Additional features include a pool and an oversized 3-car garage with EV-charging capability. Permits and plans are expected to be delivered in January 2026 at the close of escrow. An exceptional chance to customize and build your dream home in one of Southern California’s most desirable coastal neighborhoods. Price includes the existing house and approved plans only. Construction costs are not included.

Nearby schools

8/10
Mariners Elementary School
Public,PK-60.7mi
/10
Woodland Elementary School
Public,PK-20.8mi
8/10
Heinz Kaiser Elementary School
Public,3-61.0mi
9/10
Eastbluff Elementary School
Public,K-61.1mi
7/10
Horace Ensign Intermediate School
Public,7-81.6mi
9/10
Corona Del Mar High School
Public,7-121.0mi
7/10
Newport Harbor High School
Public,9-121.3mi

Price History

Date
Event
Price
12/01/25
Listing
$4,600,000
01/21/25
Sold
$3,525,000
Condition Rating
Tear down

The property, built in 1965, is explicitly marketed as a 'Ready-to-Issue (RTI) opportunity' for developers to build a new dream home, with approved architectural plans for a 5,660 sq. ft. residence. The listing states the price includes 'the existing house and approved plans only,' and the property analysis notes 'Existing Structure Implied Tear-Down.' All provided images are renderings of the proposed new construction, with no photos of the current 1965 house. This indicates the existing structure is considered unlivable or beyond practical renovation, and its value is based solely on the land and its redevelopment potential.
Pros & Cons

Pros

Great Schools: Elementary School: Eastbluff Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Prime Location: Situated in the highly coveted and prestigious Dover Shores community of Newport Beach, one of Southern California's most desirable coastal neighborhoods.
RTI Opportunity: Rare 'Ready-to-Issue' (RTI) opportunity with fully approved architectural plans, significantly de-risking and streamlining the development process for a luxury custom home.
Luxurious New Home Design: Plans for a stunning 5,660 sq. ft. home featuring 5 bedrooms, 5.5 baths, office, study, secondary living room, service kitchen, soaring ceilings, a private primary suite with sauna/soaking tub, pool, and an oversized 3-car garage with EV-charging capability.
Customization Potential: Offers an exceptional chance for the buyer to customize and personalize the finishes and details of their ultimate dream home within the approved architectural framework.
Excellent School District: Located within the highly-rated Newport Mesa Unified School District, including top-tier schools like Corona Del Mar High School (9/10) and Eastbluff Elementary (9/10).

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-01-21. The sold price is $3,525,000.00.
Significant Additional Investment: The listed price covers only the existing house and approved plans; substantial construction costs for the 5,660 sq. ft. new build are not included and will require significant additional capital.
Delayed Project Start: Permits and plans are not expected to be delivered until January 2026 at the close of escrow, imposing a waiting period before construction can commence.
Existing Structure Implied Tear-Down: The property's focus on new construction plans and the age (1965) and size of the existing home strongly suggest it will be demolished, adding to the overall project cost and timeline.

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