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1930s Newport Beach Harbor Island home seeks $74 million

July 13, 2023

A vintage Harbor Island home at 20 Harbor Island Road is coming to the market for $74 million in Newport Beach, CA, on Wednesday, July 12, 2023. If it gets near the asking, it will shatter Orange County’s all-time record set in 2021 when an oceanfront estate in Laguna Beach sold for $70 million. (Photo by Jeff Gritchen, Orange County Register/SCNG)

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A waterfront home passed down through three generations of the same family has hit Newport Beach’s upscale Harbor Island market for $74 million.

If it gets that amount, the house would shatter Orange County’s all-time sales record set in November 2021 when hedge fund billionaire Joseph E. Edelman bought a Laguna Beach estate for $70 million in an off-market deal.

The six-bedroom, 3,600-square-foot colonial-style home with five bathrooms and an inner courtyard has stood on this nearly half-acre, double lot since its completion in 1937. Surrounded by eucalyptus trees, it backs up to a bayfront terrace and an expansive lawn to the water’s edge with 100 feet of frontage.

There’s a private dock for several yachts.

The home has been in the Shattuck family since 1951.

Seller Leslie Shattuck told the Wall Street Journal, the first to report the listing, that the house originally belonged to her grandparents. Her parents later took up residence. When her mother died in May, Shattuck and her two siblings inherited the property.

But as she told the Wall Street Journal, “rather than one of us getting it, we just decided that it’s best that no one gets it.”

While the house has been well maintained, there is no mention of what the living space offers. The listing, instead, markets it as an opportunity for the next owner to restore, expand or reimagine it as “a larger, more modern house” — not unlike many of the neighboring addresses in this 24-hour, guard-gated island enclave of 29 homes, which fetch top dollar.

In November 2020, a soft contemporary-style home architect C.J. Light designed on a quarter-acre lot with a bayfront pool, spa, terraced garden, and private dock traded hands for $17.68 million.

Chinese tech billionaire Eric Siliang Tang paid $37 million in October 2019 for a French neoclassic-style mansion at the tip of the island that was once the site of a high-profile suicide. Records show he quietly sold the property in April 2020 for $38 million.

“Harbor Island properties like this rarely ever come to market,” said Rob Giem of Compass, the co-listing agent. “Families in this community keep these homes for decades, passing them down through generations. This is an extremely rare opportunity to purchase the last, double, oversized lot on the south side of this island.”

Giem shares the listing with Evan Corkett and Steve High of Coldwell Banker Realty.

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