Looking for gated luxury in Newport Beach without the $10M+ price tag?
Welcome to Harbor Cove — a small, exclusive enclave perched above the Back Bay that continues to attract both savvy buyers and high-end tenants.
With only 149 homes behind 24/7 guarded gates, Harbor Cove offers a blend of coastal comfort, privacy, and long-term value that’s hard to find anywhere else in Orange County.
🔎 Why Buyers Are Searching for Homes in Harbor Cove
In a market where $3 million can often buy you a teardown, Harbor Cove stands out as a gated community offering move-in ready homes with space, location, and amenities.
Quick Market Snapshot:
- 🏡 Home sizes: 2,400 to 2,700 SqFt
- 💰 Recent sales: $3.3M to $4M
- 📈 High comp: One home sold for $5.1M in 2024
- 💵 Price per SqFt: ~$1,300–$1,500
What You Get in Harbor Cove:
- 24-hour guard-gated entry
- Community pool, spa, BBQ area
- Direct access to private trails along the Back Bay
- Proximity to Fashion Island, top-rated schools, and beaches
- Low turnover = consistent demand
Harbor Cove offers buyers a rare opportunity: the Newport Beach lifestyle in a quiet, secure neighborhood with long-term upside.
📈 Thinking of Selling or Leasing Your Harbor Cove Home?
Homeowners in Harbor Cove have seen incredible appreciation over the last decade. In 2015, the average sale price was around $1.67M. As of 2025, that number has nearly doubled to $3.37M — a 100%+ return.
If you’ve owned for more than 5 years, you may be sitting on significant equity.
But what if you’re not ready to sell?
Rental Market Insights:
- 🔑 Current leases range from $12,000 to $17,000/month
- 💼 High demand from executives, relocations, and seasonal tenants
- 🏡 Rare combination of privacy + location + amenities makes Harbor Cove highly desirable for luxury leasing
Whether you sell or lease, Harbor Cove homeowners are in a strong position in today’s market.
📍 Why Harbor Cove Still Holds Value in a Shifting Market
While parts of the Newport Beach market are adjusting, Harbor Cove remains stable and in-demand thanks to its exclusivity, gated security, and limited inventory.
It’s a “buy and hold” neighborhood — and whether you're an owner or investor, that’s what protects long-term value.
👋 Ready to Buy, Sell, or Lease in Harbor Cove?
Whether you’re a buyer looking for value between $3M and $5M, or a homeowner wondering what your home is worth in today’s market — I can help.
📲 Schedule your private market consult at JarettRichards.com
Let’s look at your property value, available comps, and custom strategy to sell, lease, or buy smart.
📞 Contact Jarett Richards at 949-405-4455
Luxury Coastal Real Estate | Newport Beach
📍 Based in Orange County, CA
🌐 Website: www.JarettRichards.com
📩 Email: [email protected]
📱 Instagram: @jarett.richards
DRE#02204462
🛑 Legal Disclosure
© 2025 Berkshire Hathaway HomeServices California Properties is a member of the franchise system of BHH Affiliates LLC.
BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate.
Equal Housing Opportunity.
