Living right on the water isn’t cheap. Living in a pedigreed property also costs a pretty penny. Add those two deluxe attributes together, and you have this “one-of-a-kind waterfront treasure” in Newport Beach, CA. On the market for a hefty $60 million, this Harbor Island estate is this week’s most expensive new listing on realtor.com®. According to property records, the neoclassical mansion with bay views last changed hands in 2010 for $38 million. Nearly a decade later, the price has jumped 58%—not a bad ROI if you can get it. What a buyer will score for the prodigious price tag is a promontory location with over 300 feet of bay frontage. Built in 1990, the “remastered residence” measures 14,200 square feet and features six bedrooms, eight bathrooms, and four half-baths. The exterior features lush landscaping and gardens, limestone terraces, a pool and lounge area, and a dock big enough for a yacht and other watercrafts. Sea-Doo, anyone? Inside, large-scale rooms offer water views with floor-to-ceiling windows and French doors. The layout includes a formal living room and dining room, which opens to the outdoors. There’s also a sleek kitchen, foyer with grand staircase, rec room with billiard table, media area, staff quarters, a den, and office. The master bedroom includes a sitting area and fireplace. The property is located in a gated enclave and comes with an underground parking garage. Tara Shapiro with Pacific Sotheby’s International Realty holds the listing. The post $60M ‘One-of-a-Kind Waterfront Treasure’ Is This Week’s Most Expensive New Listing appeared first on Real Estate News & Insights | realtor.com®. via https://www.realtor.com/news/trends/waterfront-treasure-most-expensive/
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