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Land cost for Newport mansion: $15.5 million – Orange County Register

Posted by on August 23, 2011

Last week we reported that Orange County billionaire George Argyros was building a 16,000-square-foot mansion on the shores of Harbor Island overlooking Newport Harbor’s main channel.

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We learned later that county records show he paid $15.5 million for the lot next door to one he already owned — or $200 to $566 more per square foot than neighbors paid for Harbor Island land.

The consolidation of the two lots paved the way the mansion’… (View original article)

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