A Newport Beach residence listed for $4.7 million is drawing attention not for its amenities, but for its proximity to a large condominium construction site. The property, located in the Cliff Haven neighborhood, is advertised with "tremendous views of Fashion Island, Saddleback Mountain and the Castaways," with the potential for "even more vistas through future expansion or redevelopment." However, current views include barren land and construction equipment.
Jerry Zaiden, Vice President of Strategic Partnerships at MagnaFlow, shared a video of the property on Instagram, noting its $4.7 million price tag for a 3,500-square-foot home built in 1953 on a 9,000-square-foot lot. Social media users reacted to the listing, with one calling it "What a dump." Another commented on the sale price for a property with a "dirt lot/condo view."
Concerns were also raised about the home's interior, including a bathroom where the toilet's flush tank appears awkwardly fitted into the wall.
Some online commentators contrasted the listing with more affordable properties in other states, with one user stating they moved to Tennessee from California, where they purchased a 4,300-square-foot home on 40 acres for $700,000, now valued at double that amount.
The five-bedroom, 3.5-bath home is marketed as a "move-in ready" opportunity in a desirable Newport Beach area, situated near shops, restaurants, and local attractions. The listing's mention of future development and redevelopment appears to be a key selling point, despite the immediate presence of the construction site.