1412 Santiago Dr, Newport Beach, California 92660, Newport Beach, - bed, bath
ACTIVE$4,200,000
1412 Santiago Dr, Newport Beach, California 92660
4Beds
5Baths
2,907Sqft
9,153Lot
Year Built
1966
Close
-
List price
$4.2M
Original List price
$4.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25219973
Home ConditionTear down
Features
Pool
Patio
View-
About this home
Build your own dream home on this premium lot and street in Dover Shores, Newport Beach. Or take over the plans the seller has started using some of the existing structure. The back yard has a pool and lot of privacy with no properties overlooking it. Property is gutted inside and a certificate of completion has been obtained from the environmental vendor that was hired to do the interior demo/removal of Lead Based Paint and Asbestos. Seller is open to some seller financing with the right offer of price and terms.
Nearby schools
8/10
Mariners Elementary School
Public,•PK-6•0.6mi
/10
Woodland Elementary School
Public,•PK-2•0.9mi
8/10
Heinz Kaiser Elementary School
Public,•3-6•1.2mi
9/10
Eastbluff Elementary School
Public,•K-6•1.2mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.5mi
9/10
Corona Del Mar High School
Public,•7-12•1.1mi
7/10
Newport Harbor High School
Public,•9-12•1.2mi
Price History
Date
Event
Price
09/18/25
Listing
$4,200,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (116 Listings) | |
|---|---|---|---|
| Beds | 4 | 4 | 50% |
| Baths | 5 | 4 | 74% |
| Square foot | 2,907 | 2,898 | 50% |
| Lot Size | 9,153 | 7,700 | 73% |
| Price | $4.2M | $3.9M | 56% |
| Price per square foot | $1,445 | $1,391 | 54% |
| Built year | 1966 | 1971 | 30% |
| HOA | |||
| Days on market | 48 | 154 | 5% |
Condition Rating
Tear down
The property, built in 1966, is explicitly described as 'gutted inside' with 'interior demo/removal of Lead Based Paint and Asbestos' completed. The images confirm a completely stripped interior, showing exposed studs, subflooring, and no functional living spaces, kitchen, or bathrooms. The pool is also empty and requires significant work. In its current state, the property is unlivable and requires a complete interior rebuild, aligning with the 'tear-down' criteria where the structure is beyond repair for immediate occupancy and its value is based on the land and redevelopment potential.
Pros & Cons
Pros
Prime Location & Premium Lot: Situated on a premium lot and street within the highly desirable Dover Shores neighborhood of Newport Beach, offering significant intrinsic value.
Custom Development Opportunity: Presents a rare opportunity to build a custom 'dream home' or complete a significant renovation, providing a blank canvas for a discerning buyer.
Environmental Remediation Completed: Interior demolition and removal of lead-based paint and asbestos have been completed and certified, de-risking the initial phases of construction.
Private Backyard with Pool: Features a private backyard with an existing pool and no direct overlooking properties, enhancing potential lifestyle and future home value.
Flexible Seller Financing: The seller is open to offering financing options, which can provide valuable flexibility and incentive for a buyer undertaking a large-scale project.
Cons
Gutted Condition / Extensive Renovation Required: The property is currently gutted inside, necessitating substantial and costly construction to make it habitable and complete the vision.
Significant Additional Investment: Beyond the high purchase price, buyers must be prepared for considerable additional capital outlay for construction, design, and finishes.
Lack of Views: The property does not offer any notable views, which can be a disadvantage in a coastal market like Newport Beach where views often command a premium.