A waterfront Newport Beach house foreclosed in May at $7,790,000 and put back on the market that month with an asking price of $10,900,000 is now pending sale.
Wow, that was quick!
$10 million homes — or ones with asking prices of $2,180 a square foot — aren’t exactly flying off the market these days.
The 5,000-square foot, Cape Cod-style house at 2706 Bayshore Drive has 4 bedrooms and 6 baths and sits on a 7,026-square foot double lot, according to the listing.
The property is behind a guard gate and 2 doors down from Bayshore Beach. The home, built in 1941, has docks that can accommodate 65-foot and 38-foot yachts, plus a Duffy.
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As I wrote after it came on the market May 28, I’m not aware of a pricier bank-owned home in Orange County right now. If you are, let me know.
An old listing for this house I found on the Web shows it once was offered at $23.9 million.
The home is under contract — but as soon as the sale closes, we’ll report the price.
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Newport home foreclosed at $7.8 million
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