Newport Beach Club in Portsmouth sold for $9M, development site to include 108 new homes

NEWPORT BEACH CLUB LLC has purchased the Portsmouth property known as the Newport Beach Club for $9.1 million. The sale includes all of the previously unsold properties and covered 125 acres. / PHOTO COURTESY HAYES & SHERRY CUSHMAN & WAKEFIELD
PORTSMOUTH – A 125-acre, waterfront property known as the Newport Beach Club has been sold from receivership for $9.15 million. The new owner, a development team, plans to build out a plan for several distinct condominium neighborhoods within the site that was previously approved by Portsmouth, according to the court-appointed receiver. The sale closed on…

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