Newport Beach Council Approves 78 Luxury Homes
The development at the Newport Beach Country Club will add new units to a market with a $3.2 million median home price.
Updated on Oct. 15, 2026 in Residential
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The Newport Beach City Council has unanimously approved a development agreement for 78 luxury homes at the Newport Beach Country Club. The project, which requires a final ordinance vote later this month, would add new inventory to a market where the median home sale price hit $3.2 million last month.
Why it matters
This development moves forward as the city works toward a state-mandated goal of adding 4,845 new homes by 2029. The project does not include an inclusionary housing requirement for affordable units.
Eagle Four Partners must pay the city $128,205 per home constructed as part of the agreement. This project sits within a local market that recorded a median home sale price of $3.2 million last month.
The players
Newport Beach City Council
The local governing body responsible for approving municipal development agreements and housing policy.
Eagle Four Partners
The private development firm managing the construction of the new luxury residential project.
Newport Beach Country Club
The existing recreational facility providing the 2.2-acre site for the proposed residential development.
The details
The agreement allows Eagle Four Partners five years to secure entitlements and build the 78 luxury homes on 2.2 acres of the existing country club property. Because this project is not subject to inclusionary housing mandates, all 78 units are expected to be luxury residential homes. The city council must conduct a second reading of the ordinance to finalize the legal development rights.
Timeline
September 2026: Planning Commission recommended project approval.
October 13, 2026: City Council voted in favor of the development agreement.
October 27, 2026: Scheduled second reading of the development agreement ordinance.
2029: Deadline for the city to reach its state-mandated goal of 4,845 new homes.
Money Landscape
This development is part of the city's broader response to state-mandated housing targets that require 4,845 new homes by 2029. The project follows a trend of luxury residential expansion in an area where existing condominium prices range from $2.6 million to $5 million.
Local property owners should note that the addition of 78 luxury homes may influence future housing inventory levels in the immediate area. Those considering real estate changes in the current $3.2 million median price environment should track the final ordinance approval on October 27.
The takeaway
This development introduces new luxury inventory to the market, though it does not contribute to the local supply of affordable housing. Residents should monitor the October 27 ordinance vote to understand how these units may ultimately affect neighborhood density and local housing supply trends.
What happens next
The Newport Beach City Council is scheduled to hold a second reading of the development agreement ordinance on October 27, 2026.
Further reading
Learn more about the local market in the Newport Beach Residential section.
Source note: This article includes information reported by The Real Deal New York.
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