The recent sale of a 3,900-square-foot home for $21 million in Newport Beach's Lido Isle highlights the skyrocketing price per square foot in luxury real estate markets.
Located in Newport Harbor, the property stands out for its breathtaking views and direct water access, ultimately selling for $5,250 per square foot—three times the city's average.
Details such as 40 feet of water frontage and a custom boat dock accommodating a yacht up to 60 feet long helped elevate the property's value.
The house was initially listed at $22.5 million but sold for $21 million after renovations, as the seller transitions to a nearby island property worth $30 million.
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