Record Sale at Harbor Island Newport Beach

Posted by Sam Smith on Sunday, May 5th, 2013 at 9:51pm.

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.Harbor Island Newport Beach | 27 Harbor Island, Newport Beach

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.

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