507 Morning Star Lane, Newport Beach, CA 92660

$15,500,000 Asking Price

5 beds
5 baths
5,934  sqft
Built in 1963

507 Morning Star is situated in the highly sought after community of Dover Shores along being on one of the larger bay front lots. Panoramic views of Fashion Island, Back Bay Hillsides and the glistening waters of Newport Beach. As you enter through the gated courtyard that reveals a beautifully private landscaped entertaining area with a pool and spa. Entering the home, you come through a formal entry leading into the living room. Downstairs has a massive Living room that looks over the water, with deck that runs the full length of the home for entertaining, along with fireplace then into a large family room with wet bar, also overlooking the water. Large dining room, kitchen, laundry room and bedroom with an on suit. Upstairs has 4 bedrooms, one large enough to be a secondary primary with an on suit overlooking a deck, courtyard and pool/spa. The Main Primary Bedroom Wing includes water views from a walk out deck that runs the full length of the home with spectacular views, along with a fireplace, formal bath, and large office that also includes a fireplace. 2 other bedrooms overlook the water as well and have access to the deck. The home includes an approximately 748 sq. ft., 1 bedroom, 1 bath ADU unit over the 3-car garage with a fireplace. The property has a boat slip that will accommodate 3 larger vessels with permits for being completely updated. Close to outstanding schools, shopping, restaurants, John Wayne airport. Great property to make this home what you want it to be.

Features & Amenities

Interior

General:
2 Staircases,Balcony,Ceramic Counters,Copper Plumbing Full,Living Room Deck Attached,Pantry,Stair Climber,Wet Bar,Vacuum Central
Laundry:
Laundry Room,Inside
Flooring:
Carpet,Wood
A/C:
Central Forced Air
Heating:
Forced Air Unit,Passive Solar, Solar
Fireplace:
FP in Living Room,Guest House

Exterior

Pool:
Below Ground,Private,Gunite,Heated Pool
Parking:
Boat, Parking spaces: 3

Construction

Roofing:
Fire Retardant
General:
2 Story

Location

HOA Amenities:
2500.0, Annual
Originating MLS:
California Regional MLS
County:
Orange

Lot

Topography:
Level
Zoning:
R-1B, 11772129
View:
Mountains/Hills,Marina,Water,Back Bay,Bluff,Courtyard,Harbor,City Lights
Restrictions:
CC&R's

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Compass, Chandler Bell

About Newport Beach, CA

Housing

Number of Units
32,933
Median Home Value
$1,108,062
Median Rent
$2,050

52.55% of housing units are renter occupied.

15.14% are vacant.

Commute

Car
52.33%
Public Transportation
0.19%
Walk to Work
1.03%
Work from Home
45.11%
Other
0.65%

The median travel time to work is 15 minutes.

People

Population
61,724
Median Age
46.20
Median Household Size
2.43

Education

High School
7.46%
Associate’s Degree
6.48%
Bachelor’s Degree
40.94%
Graduate Degree
26.28%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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