9 Leesbury Court, Newport Beach, California 92660, Newport Beach, - bed, bath

home-pic
ACTIVE$8,500,000
9 Leesbury Court, Newport Beach, California 92660
5Beds
6Baths
5,646Sqft
31,524Lot
Year Built
1984
Close
-
List price
$8.5M
Original List price
$8.5M
Price/Sqft
-
HOA
$365
Days on market
-
Sold On
-
MLS number
NP25019428
Home ConditionPoor
Features
Good View: None
Deck
Pool
Patio
View-

About this home

A very special opportunity awaits to complete this one-of-a-kind Newport Beach estate property. Located at the end of a cul-de-sac in the private, guard-gated community of Belcourt in Newport Beach, this oversized parcel of approximately .8 acres includes spacious gardens, lawns, a private tennis court, and a 5,600 square foot traditional style residence. The home is ready for remodeling and has had some pre-renovation demolition completed. Conceptual plans for the home include an updated exterior restyling, an addition of approximately 1,000 square feet, a reconfigured main level plan, a new pool and guest house ADU, and a refurbished garden plan. This is a truly unique chance to enjoy a lifestyle not afforded elsewhere in Newport Beach. Also on offer is a vacant parcel next door featuring an additional one-half acre of gardens. Its address is 7 Leesbury Court ($5.85 million). It poses many possibilities to join with 9 Leesbury to further distinguish the estate.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (115 Listings)
Beds54
73%
Baths64
88%
Square foot5,6462,840
95%
Lot Size31,5247,700
97%
Price$8.5M$3.9M
89%
Price per square foot$1,505$1,393.5
58%
Built year19849855986
72%
HOA$365
0%
Days on market273157
94%
Condition Rating
Poor

The listing states that the home is ready for remodeling and has had some pre-renovation demolition completed. The images show exposed framing and unfinished spaces. Built in 1984 and partially demolished, it requires substantial repairs and rehabilitation.
Pros & Cons

Pros

Prime Location: Located in the prestigious, guard-gated Belcourt community in Newport Beach, offering exclusivity and security.
Large Lot Size: Oversized parcel of approximately 0.8 acres provides ample space for gardens, lawns, and outdoor activities.
Development Potential: Opportunity to complete a one-of-a-kind estate with conceptual plans including updated exterior, addition of square footage, reconfigured main level, new pool, and guest house ADU.
Private Amenities: Features a private tennis court, enhancing the property's recreational appeal.
Additional Parcel Option: Option to purchase the adjacent vacant parcel (7 Leesbury Court) to further expand the estate.

Cons

Extensive Remodeling Required: The home is in need of complete remodeling, including demolition already completed, requiring significant investment and time.
As-Is Condition: Property is sold in 'as-is' condition, potentially uncovering unforeseen issues during the renovation process.
High Initial Investment: The list price combined with the cost of extensive renovations represents a substantial initial investment.

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