Plantation style

Location: 522 Aliso Ave., Newport Beach 92663

Asking price: $2,285,000

Previously sold for: $2,675,000 in 2007

Size: Five bedrooms, 4 1/2 bathrooms in 6,200 square feet

Lot size: 6,375 square feet

Additional features: Four gas fireplaces, skylights, Thermador and Sub-Zero kitchen appliances. One bedroom on the second floor (with a full bath and a kitchenette) can be used for maid's quarters or a rental unit. It has a private entrance and parking.

Around the neighborhood: Through the first three quarters of 2009, 74 single-family homes sold in the 92663 ZIP Code, according to MDA DataQuick, at the median price of $1,254,000. That was a 40% drop from the first three quarters of 2008. There were 129 homes listed for sale last week in 92663 at Realtor.com priced from $495,000 to $23.9 million.

Listing agent: Lance Boggs, HOM Real Estate Group, Inc., Newport Beach, (949) 554-1200