09/22/2026 | Press release | Distributed by Public on 09/22/2026 09:31
Parkhouse Residences in Newport Beach, CA, is officially sold out! Part of Uptown Newport Village, the 30-unit luxury condominium project spread across five buildings, with six condos each.
Project History
In 2010, Shopoff acquired a 25-acre site and secured entitlements for a master-planned community including 1,244 total housing units, 11,500 square feet of retail space, and two one-acre parks in Newport Beach, California. Located in the airport area of Newport Beach, the land previously held a chip manufacturing facility. Shopoff planned to add much-needed housing to this emerging neighborhood of Newport Beach, once known as a business district.
Part of the master plan's first phase, Parkhouse Residences at Uptown Newport is a 30-unit luxury condominium project spread across five buildings, with six condos each. Units range from 2,052 to 2,861 square feet. In May 2021, Shopoff began construction on the luxury condominium community. With no area product type with comparable features, the project's residences set a new standard for high-end condominium living in the City, with low-rise buildings, direct elevator entry, half-floor residences and two-story penthouses, private garages and top-of-the-line finishes.
Thoughtful amenities complete this community, with a lap pool and hot tub, a resort-inspired cabana, a state-of-the-art fitness center, elevator entry and, just outside, Parkhouse's namesake - the one-acre Uptown Newport Park, a shaded, grassy village green.
In September 2021, Shopoff launched sales for Parkhouse Residences. In October 2024, construction was completed. As of September 2026, Parkhouse Residences is sold out.
About Shopoff Realty Investments
Shopoff Realty Investments is an Irvine, California-based real estate firm with a 34-year history of value-add and opportunistic investing across the United States. The company primarily focuses on proactively generating appreciation through the repositioning of commercial income-producing properties, the entitlement of land assets, and development projects. The 34-year history includes operating as Asset Recovery Fund, Eastbridge Partners, and Shopoff Realty Investments (formerly known as The Shopoff Group). Performance has varied in this time frame, with certain offerings generating losses. For additional information, please visit www.shopoff.com or call (844) 4-SHOPOFF.
Disclosures
The photos are of a project that is being managed by Shopoff Realty Investments and are a holding of the Fund. This is not an offering to buy or sell any securities. Such an offer may only be made through the offering memorandum to qualified purchasers. Any investment in Shopoff Realty Investments programs involves substantial risks and is suitable only for investors who have no need for liquidity and who can bear the loss of their entire investment. There is no assurance that any strategy will succeed to meet its investment objectives. The performance of this asset is not indicative of future results of other assets. Securities are offered through Shopoff Securities, Inc. member FINRA/SIPC, 18565 Jamboree Road, Suite 200, Irvine, CA 92612.