Record Sale at Harbor Island Newport Beach

It was only a month ago we reported a new listing in the Harbor Island bay front community that hit the market for $17,500,000.  The home at 27 Harbor Island, Newport Beach has already sold and closed for $16,500,000, the highest recorded sales price paid square foot for all of Newport Beach in the last 5 years.  The home was located on the bay front in the gated community of Harbor Island and located on a 8,340 square foot lot that accommodates 2 boats up to 50 feet in length.  The home featured a large entertainment backyard area that was oriented towards the Pacific Ocean with great sunset views.

The Newport Beach Real Estate market is in full swing with properties priced correctly selling in a very short period of time.  In the month of April there were a 114 homes sold between $286,000 to $16,500,000.  For those looking to get in to the Newport Beach market now is a great time as homes are expected increase by an additional 7% this year.  Below are all the home sales for the month of April in Newport Beach over $5 million.