Shopoff Realty Investments said Tuesday it had pre-sold more than 70% of its luxury condominium project, Parkhouse Residences at Uptown Newport in Newport Beach. Polaris Pacific brokered the 21 individual condo sales, with prices ranging from $2.1 million to $4.75 million, and totaling $65 million.
Located in the 25-acre Uptown Newport master-planned community, the 30-unit luxury development includes half-floor condominium residences and two-story penthouses across five buildings, all with individual private garages. Move-ins begin in summer 2024.
“Parkhouse represents one of the only opportunities this year to purchase and move into a newly constructed luxury condominium in Newport Beach,” said Shopoff president and CEO William Shopoff. “A hidden gem among the bustle of Newport’s airport area, this boutique, 30-unit community offers residents a private enclave with all Newport Beach has to offer.”
The remaining nine units are priced from approximately $2 million to $4 million. Future Parkhouse residents will have convenient access to the beaches and Newport Back Bay, along with dining and shopping options and John Wayne Airport.
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