807 Aldebaran Circle, Newport Beach, California 92660, Newport Beach, - bed, bath

home-pic
ACTIVE$4,995,000
807 Aldebaran Circle, Newport Beach, California 92660
6Beds
4Baths
3,298Sqft
11,984Lot
Year Built
1966
Close
-
List price
$5M
Original List price
$5M
Price/Sqft
-
HOA
$1,383
Days on market
-
Sold On
-
MLS number
NP25099415
Home ConditionFair
Features
Good View: Neighborhood
Patio
ViewNeighborhood

About this home

Located in one of Dover Shores’ most sought after cul-de-sac locations, this oversized 'double' lot of over 12,000 square feet is a rare opportunity in this highly desirable community. The existing house is under renovation and is ready for a new buyer to complete. The 3,300 square foot single story residence - originally designed as a 6 bedroom 4 bath - has had the preliminary interior demo and HMA completed. Make this generously-scaled floorplan your own by selecting finishes and details. Alternatively, one can build a spectacular new home on this enormous and rare parcel. This is not a build-to-suit offering, but rather a chance to take over mid-way through this process and create an amazing home while building equity. Call listing agent for details and to arrange for a private showing.

Nearby schools

8/10
Mariners Elementary School
Public,PK-60.7mi
/10
Woodland Elementary School
Public,PK-21.0mi
9/10
Eastbluff Elementary School
Public,K-61.2mi
8/10
Heinz Kaiser Elementary School
Public,3-61.2mi
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,9-121.2mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (115 Listings)
Beds64
96%
Baths44
50%
Square foot3,2982,840
64%
Lot Size11,9847,700
87%
Price$5M$3.9M
69%
Price per square foot$1,515$1,393.5
58%
Built year19669855986
30%
HOA$1,383
1%
Days on market184157
61%
Condition Rating
Fair

The property was built in 1966 and is currently under renovation. The interior has been demoed, indicating that substantial work is needed to bring it up to modern standards. While the lot size is desirable, the condition of the house requires significant investment to complete the renovation. Therefore, it's rated as fair.
Pros & Cons

Pros

Oversized Lot: The property boasts an oversized 'double' lot of over 12,000 square feet, a rare find in Dover Shores.
Prime Location: Located in a highly sought-after cul-de-sac within the desirable Dover Shores community.
Customization Opportunity: The house is under renovation, offering a unique opportunity for a buyer to select finishes and details to their taste.
Potential Equity Building: Taking over the renovation mid-way allows for building equity while creating a personalized home.
Generous Floorplan: The existing 3,300 square foot single-story residence offers a generously scaled floorplan.

Cons

Ongoing Renovation: The property is currently under renovation and requires significant investment to complete.
Uncertainty of Final Cost: The final cost of the renovation is unknown and depends on the buyer's choices and potential unforeseen issues.
As-Is Condition: The property is being sold in its current 'as-is' condition, which may present unexpected challenges.

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