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  • $4,883,800

    1242 Somerset Ln, Newport Beach, CA 92660

    4beds
    3,450sqft
    SingleFamily
    Built in 1959
    0.28 Acres Lot
    $4,883,800 Zestimate®
    $1,416/sqft
    $7,169 Estimated rent

    Home value

    $4,883,800

    $4.35M - $5.52M

    $7,169/mo

    Zestimate® history
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    $30,352/mo

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    $30,352/mo

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    What's special

    Beautiful 3,250sq ft single story home, located in one of the most desired neighborhoods of Westcliff /Dover area placed on a 12,197sq ft lot . This 4 bedroom 5 bathroom home has a Gourmet Kitchen with all new Viking appliances with tons of granite counter space, large laundry room, formal dining room , living room and cozy fireplace in the family room. The home has new custom hardscape including front driveway and backyard. There are 2 new outdoor living areas The Bar area incudes a built in BBQ, Kegorator, Refrigerator and a colored concrete bar top with seating for 10 and also set up for flat screen TV above. Next to the bar area there is seating around a custom built fire pit for those cool nights. Additional to the bar area there is a Gazebo with chandelier lighting and TV ready on the other side of the pool. The Rock pool, spa and waterfall has been refinished including a new pool pump. It is a entertainers delight you must see to appreciate. Other items include Custom garage doors ,custom cabinetry & lots more; Master suite has built in bookcases and office area, large walk in closet, large master bath has separate tub and shower, All bedrooms have direct access to full bathrooms

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Heating
    • Forced air, Gas
    Cooling
    • Central, Solar
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Hardwood
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 3,450 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    Features
    • Exterior features: Wood, Brick
    • Has spa: Yes
    Lot
    • Size: 0.28 Acres
    Details
    • Parcel number: 11746220

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Composition
    Condition
    • Year built: 1959

    Community & HOA

    Location
    • Region: Newport Beach

    Financial & listing details

    • Price per square foot: $1,416/sqft
    • Tax assessed value: $2,976,688

    Price history

    DateEventPrice
    6/19/2025Listing removed$17,000$5/sqft
    Source: CRMLS #NP25117860 Report a problem
    5/27/2025Listed for rent$17,000$5/sqft
    Source: CRMLS #NP25117860 Report a problem
    8/16/2021Sold$2,750,000+37.6%$797/sqft
    Source: Public Record Report a problem
    6/20/2014Listing removed$1,999,000$579/sqft
    Source: Villa Real Estate #NP14050539 Report a problem
    5/29/2014Price change$1,999,000-4.8%$579/sqft
    Source: Villa Real Estate #NP14050539 Report a problem
    3/29/2014Price change$2,099,000-4.5%$608/sqft
    Source: Villa Real Estate #NP14050539 Report a problem
    3/13/2014Listed for sale$2,199,000+17.7%$637/sqft
    Source: Villa Real Estate #NP14050539 Report a problem
    12/17/2009Sold$1,869,000-1.6%$542/sqft
    Source: Public Record Report a problem
    7/14/2009Listing removed$1,899,000$550/sqft
    Source: Prudential California Realty #U9002021 Report a problem
    5/2/2009Listed for sale$1,899,000-4.6%$550/sqft
    Source: Prudential California Realty #U9002021 Report a problem
    10/21/2008Listing removed$1,990,000$577/sqft
    Source: NRT California #U8002992 Report a problem
    9/18/2008Price change$1,990,000-7.4%$577/sqft
    Source: NRT California #U8002992 Report a problem
    9/17/2008Price change$2,150,000-1.6%$623/sqft
    Source: NRT California #U8002992 Report a problem
    7/4/2008Price change$2,185,000-8.8%$633/sqft
    Source: NRT California #U8002992 Report a problem
    6/24/2008Price change$2,395,000-4%$694/sqft
    Source: NRT California #U8002992 Report a problem
    6/19/2008Listed for sale$2,495,000+324.2%$723/sqft
    Source: NRT California #U8002992 Report a problem
    2/14/1994Sold$588,131$170/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $2,976,688 +2%
    2025$30,982 +1.6%$2,918,322 +2%
    2024$30,498 +2.4%$2,861,100 +2%
    2023$29,785 -11.6%$2,805,000 +2%
    2022$33,681 +40.3%$2,750,000 +22.4%
    2021$24,010 +1%$2,247,456 +1%
    2020$23,780 $2,224,412 +2%
    2019$23,780 +2.1%$2,180,797 +2%
    2018$23,287 +10.2%$2,138,037 +8.3%
    2017$21,139 $1,974,440
    2016$21,139 +0.3%$1,974,440 +1.5%
    2015$21,070 +1.4%$1,944,783
    2014$20,781 $1,944,783
    2013-- $1,944,783 +11%
    2012-- $1,752,057 -3.1%
    2011-- $1,809,000 -3.2%
    2010-- $1,869,000 +178.3%
    2009-- $671,676 +2%
    2008-- $658,506 +2%
    2007-- $645,595 +2%
    2006-- $632,937 +2%
    2005-- $620,527 +2%
    2004-- $608,360 +1.9%
    2003-- $597,211 +2%
    2002-- $585,501 +2%
    2001$5,847 +2.6%$574,021 +2%
    2000$5,698 $562,766
    Find assessor info on the county website

    Neighborhood: 92660

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Mariners
    • Middle: Ensign
    • High: Newport Harbor High
    • District: Newport Mesa Unified

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $4,883,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $4,883,800