1412 Santiago Dr, Newport Beach, California 92660, Newport Beach, - bed, bath

home-pic
ACTIVE$4,200,000
1412 Santiago Dr, Newport Beach, California 92660
4Beds
6Baths
3,900Sqft
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
NP25233453
Home ConditionTear down
Features
Pool
Patio
View-

About this home

Exceptional Dover Shores Opportunity | Newport Beach. Discover the rare opportunity to create your dream residence on one of Dover Shores’ most sought-after streets. This premium lot 85 frontage X 112 depth offers the ideal canvas to build a custom luxury home that captures the essence of coastal Newport Beach living. The current owner has already begun the process, engaging award-winning designer Rona Graf of Grace Blu Designs to craft inspired plans that seamlessly blend modern sophistication with timeless California style. Buyers may choose to continue with the existing design a single level home and utilize portions of the current structure, or start anew with their own vision. The expansive backyard provides exceptional privacy — a rare find in this coveted neighborhood — and features a pool and generous outdoor space ideal for entertaining or serene relaxation. There are no properties directly overlooking the yard, enhancing the sense of seclusion. The interior has been completely gutted and professionally remediated, with a certificate of completion issued by an environmental vendor confirming the removal of lead-based paint and asbestos, ensuring a clean slate for your build. Opportunities of this caliber in Dover Shores are seldom available — offering the perfect blend of location & potential.

Nearby schools

8/10
Mariners Elementary School
Public,PK-60.6mi
/10
Woodland Elementary School
Public,PK-20.9mi
8/10
Heinz Kaiser Elementary School
Public,3-61.2mi
9/10
Eastbluff Elementary School
Public,K-61.2mi
7/10
Horace Ensign Intermediate School
Public,7-81.5mi
9/10
Corona Del Mar High School
Public,7-121.1mi
7/10
Newport Harbor High School
Public,9-121.2mi

Price History

Date
Event
Price
10/06/25
Listing
$4,200,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (115 Listings)
Beds44
50%
Baths64
88%
Square foot3,9002,840
75%
Lot Size9,1537,700
72%
Price$4.2M$3.9M
56%
Price per square foot$1,077$1,382
18%
Built year19669855986
30%
HOA
Days on market30155
3%
Condition Rating
Tear down

The property, built in 1966, has had its interior completely gutted and remediated, as explicitly stated in the description and confirmed by the images. It is unlivable in its current state and requires a full interior rebuild. The listing emphasizes the opportunity to 'create your dream residence' and 'build a custom luxury home,' indicating that the value is primarily in the land and its redevelopment potential, aligning with the 'tear-down' criteria.
Pros & Cons

Pros

Prime Location & Neighborhood: Situated on one of Dover Shores’ most sought-after streets in Newport Beach, offering a highly coveted coastal lifestyle and strong investment potential.
Exceptional Development Opportunity: Provides a rare chance to build a custom luxury residence on an ideal canvas, with flexibility to utilize existing award-winning design plans or create a new vision.
Generous & Private Lot: Features a premium 85' frontage x 112' depth lot with an expansive, private backyard, including a pool and no direct overlooking properties, enhancing seclusion.
Clean Slate for Construction: The interior has been professionally gutted and remediated, with certified removal of lead-based paint and asbestos, ensuring a safe and ready-to-build foundation.
Award-Winning Design Plans Available: Existing inspired plans by award-winning designer Rona Graf of Grace Blu Designs offer a valuable head start for a sophisticated, modern California-style home.

Cons

Uninhabitable Current State: The property's interior is completely gutted, rendering it uninhabitable and requiring a full, extensive build-out before occupancy.
Substantial Additional Investment Required: Beyond the purchase price, buyers must anticipate significant financial investment for the complete construction and finishing of a new luxury home.
Significant Time Commitment: Building a custom home from a gutted state will necessitate a considerable amount of time for design, permitting, and construction, delaying immediate occupancy.

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