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1542 Galaxy Drive, Newport Beach, CA 92660

$8.99M7bd · 5ba · 5,218 sqft
Lot 18,321 sqft•HOA $1286.52/mo•Single Family Residence•
Active
•42d on market•MLS# NP-26186669

Property Description

You can build a home. You cannot build this lot. On the bluff above the Back Bay in Dover Shores, 1542 Galaxy Drive is 18,321 square feet of land - approximately 93 feet wide and nearly 200 feet deep - with panoramic, unobstructed views across Upper Newport Bay to the bluffs and the Newport Center skyline. Here, the land is the luxury. What lies in the sightline is the Upper Newport Bay Ecological Reserve: protected open space of water, wetlands, bluffs, and sky. Morning fog over the marsh, egrets along the shallows, golden evening light across the water - the everyday backdrop of life here. The land is where the story begins. The 1964 residence on it is an opportunity to reimagine the site, and a complete design vision has already been created by architect Rory Foubister, with interiors by Lindye Galloway and construction envisioned by Well Done Builders. That concept is conceived as a reveal. From the street, almost nothing - a low stone wall, olive trees, a screened gate. Inside, a courtyard opens to the sky around a mature olive tree. Beyond it, the house gives way to a wall of glass, pool and lawn, and the whole bay. Envisioned at approximately 8000 square feet - five bedrooms, seven bathrooms, a gym and wellness center, a subterranean level with car turntable, and an ADU or executive office. The sequence is only possible because of the depth. Nearly 200 feet buys a courtyard at the heart of the plan, real separation between arrival, entertaining, and retreat, and outdoor rooms that work as rooms. For a buyer with a different vision, the opportunity is equally compelling. The value is not one set of plans. It is the scale, proportion, and setting of the land itself. Dover Shores is the quiet side of Newport - wide curving streets, mature landscaping, and a generation of new custom homes rising above the Back Bay. Launch a kayak at dawn, run the Back Bay Loop Trail from the edge of the neighborhood, and reach Newport Harbor, the beaches, Corona del Mar, and Fashion Island in minutes. Homes can be remodeled. Homes can be replaced. What cannot be recreated is the land beneath them, the scale around them, and a setting like this. APN 117-663-08. Existing residence built 1964. Plans and renderings are conceptual, subject to change and to governmental approvals. Buyer to independently verify all dimensions, square footage, views, development potential, permits, approvals, schools, and other details.

Features & Amenities

FeeBuilt 1964

Property Details

Land Type
Fee
Year Built
1964
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Cooling
None
View
Back Bay, Bluff, City Lights, Coastline, Panoramic, Water
Flooring
Carpet, Concrete, Stone, Tile
City
Newport Beach
Zip Code
92660
County
Orange
Listed byUnknown Office, Brian Thomas

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$45,483.61
Principal & Interest
Loan Amount
$7,196,000
Total Interest
$9,178,101
Total Payment Over 30 Years
$16,374,101
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

1542 Galaxy Drive, Newport Beach, CA 92660

Newport Beach · Single Family Residence

$8.99M
Luxury Tier
Beds
7
Baths
5
Sqft
5,218
Lot
18,321 sqft
Year
1964
$/Sqft
$1724
Pool: Yes✓
Spa: No✓
View: city✓
Garage: 2-car✓

Listed 40.5% above the median closed sale of $6,400,000. Closed comps sold at 94% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $8.99M· $1,724/sqft
Total list price
Closed comps
vs closed median $6.40M
+$2.60M (+40.5%)
Active comps
vs active median $8.00M
+$1.00M (+12.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $2,066
−$342 (−16.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
20301 Cypress StreetNewport Beach1995465,46319,602$1,355$7.40M5284
2907 Cliff DriveNewport Beach1989565,0028,892$1,598$8.00M4076
2209 Cliff DriveNewport Beach1971464,5097,405$832$3.75M8472
615 Lido ParkNewport Beach2024455,0164,966$4,486$22.50M1171
660 Kings RoadNewport Beach2017574,8618,100$2,057$10.00M20671
Total: 5 · Average4.46.04,970.29,793$2,065.6$10.33M78.6
Median5,002$8.00M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
24 NarbonneNewport Beach198007/29/2026454,62713,068$4.58M$4.45M$9620.9720081
2116 Balboa BoulevardNewport Beach197208/31/2026455,62410,752$29.50M$26.80M$4,7650.9114380
8 Rockingham DriveNewport Beach198706/12/2026555,5158,899$6.41M$6.40M$1,1601.003478
14 Rue ChantillyNewport Beach197205/12/2026454,8809,000$5.50M$4.70M$9630.857577
17 Crooked Stick DriveNewport Beach199905/13/2026565,1307,376$8.20M$8.00M$1,5590.984774
Total: 5 · Average4.45.25,155.29,819$10.07M$10.07M$1,881.8—99.8
Median5,130$6.40M$6.40M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.