$27 million Newport Bay home sold

A “French neoclassic” mansion with prominent position in Newport Bay has sold for $27 million, blogger Jonathan Lansner from the Orange County Register reported. The home at 18 Harbor Island — sold by a partnership controlled by designer jeans entrepreneur Arnold Simon to a Colorado partnership — has 10 bedrooms and 12 bathrooms within its 12,600-square-feet of living space.

The home — its 25,954-square-foot lot juts into the bay to show off to boaters its signature flag pole — last sold for $14 million in 2001.

The home at 18 Harbor juts out into the water in Newport and just sold for $27 million.

At $27 million, this would likely be the 8th priciest home ever officially sold in Orange County by our math, Lansner reported.

Says the Newport Beach home’s marketing website:

“One of Newport’s most revered homes, this French neoclassic waterfront residence commands stunning views of the main channel, turning basin and sunsets. With over 300 feet on the water, the estate-sized grounds include a lovely pool, broad limestone terraces, expansive gardens, and docks for several boats. The elegant home features impeccable quality and authentic detailing throughout. The grand interiors include ten bedroom suites, formal living and dining rooms, informal areas, a study, catering and staff quarters, an elevator servicing all three levels, as well as a subterranean eight-car garage.”

The $27 million sales price reflects, in part, the difficult real estate climate for even the most prestigious of Orange County real estate.

In May 2008,  this bay front mansion was listed for $38.5 million. According to online marker tracker Redfin, in May 2009 the asking price of 18 Harbor was cut to $32.6 million.

This article is from the Orange County Register.

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