Let's say you have $4.4 million to spend – which of these two Orange County homes, listed at nearly identical prices, would you pick?
House No. 1 has a private dock, was built in 2001 and boasts 6,000 square feet of living space featuring such amenities as a rotunda entry, a spa and a custom library with mahogany built-ins.
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House No. 2 shares a pier, was built in 1939 and boasts 2,250 square feet of living space featuring such amenities as "newer roof, paint and carpet," according to its listing.
If it seems like an easy choice, consider one other thing: House No. 1 is in Huntington Harbour, and House No. 2 is in Newport Harbor.
That seemingly minor difference in waterfront location accounts for glaring disparities in home values, with harbor houses in Newport often commanding triple the per-square-foot cost of their neighbors to the north.
The Orange County Register wondered how the price of paradise could vary so widely, and where local real estate experts think buyers get the most for their millions.