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Buyer Drops $10.2M for Newport Beach Home

Agents Heather Kidder of Arbor Real Estate and Corey Anthony of Surterre Properties Inc. closed the sale of 1991 Port Claridge Place in Newport Beach on July 2.

The 4,450-square-foot new construction house with five bedrooms and 5.5 bathrooms on a 7,475-square-foot lot sold for nearly $10.2 million. 1991 Port Claridge Place was on the market for 24 days and, according to Homes.com, sold for 12% less than the list price.
Greg Clarke Construction designed and built the house, which includes a home office, saltwater pool, barbecue island and outdoor entertainment system.

Newport Beach’s Port Streets

There are nearly two-dozen “port” streets in Newport Beach’s East Bluff area, including Port Abbey Place, Port Albans Circle and Port Claridge Place.

The enclave is home to more than 1,000 houses.

“House prices span the range from a cool $2.5 million to a jaw-dropping $12 million and beyond. You see, nearly every home here has undergone a remarkable transformation, shedding its ‘60s and ‘70s-style track construction to emerge as a unique custom masterpiece,” according to the website for Weir Properties, a Corona del Mar brokerage that lists luxury homes in Orange County.

“This diversity in price reflects the diversity in these architectural gems. It’s a community where each year, affluence finds a new level of expression,” the website states. n

 

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Parimal Rohit
Parimal Rohit
Parimal M. Rohit has nearly two decades of experience in journalism and recently covered Texas real estate for CoStar News and Austin Business Journal. He was also the editor of The Log, covering Southern California's and Northern Mexico's maritime and environmental spaces. Throughout his career, Rohit has also covered the Los Angeles Lakers, Los Angeles Dodgers, Bollywood and California politics. Rohit won 12 reporting awards from the San Diego Press Club, including best environmental reporting and best essay/commentary, and the Fort Worth chapter of the Society of Professional Journalists. His hobbies include photography, podcasting, travel and filmmaking. He is also the recipient of several fellowships, including one through the USC Annenberg Center for Health Journalism and another through the RK Mellon Foundation.
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