Set on 1.19 elevated acres overlooking Newport Harbor, this exceptional property combines panoramic water views, remarkable privacy, and excellent walkability to downtown Newport, along with the rare opportunity to create a custom legacy estate. Tucked away on a private road behind mature hedges, the setting feels secluded while remaining just moments from the harbor and downtown Newport. The existing residence takes full advantage of the impressive views, featuring an expansive deck overlooking the harbor and a new custom chef's kitchen with quartz countertops, premium appliances, and an oversized island opening to expansive living and dining spaces. The first floor includes two ensuite guest bedrooms and a luxurious primary suite with sweeping water views, a fireplace, wet bar, marble bath, soaking tub, dual vanities, and sauna. A spacious lower level offers an additional living area, kitchenette, 4th bedroom, full bath and laundry. Outside, a heated gunite pool, spa, bluestone patio, and pool house create the perfect space for entertaining and relaxing with friends and family. Alternatively, the 1.19-acre parcel presents an extraordinary opportunity to build a custom dream home of up to approximately 18,000 square feet and 35 feet in height. Buildable parcels offering this combination of acreage, elevation, privacy, water views, and downtown walkability are exceptionally rare, an opportunity to create something truly special in Newport.