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$22,995,000 - 1417 E Bay Avenue, Newport Beach

5
Bedrooms
5
Baths
4,741
SQ. Feet
0.39
Acres

The last great bay front compound in Peninsula Point is now for sale for the first time in over 50 years. Six contiguous lots comprise this once-in-a-lifetime opportunity now on offer. The total combined lot area is approximately 17,000 square feet, or .4 acres. Situated on a desirable corner with 180-degree harbor views, the bay front property features an expansive 60’ of frontage on the harbor. The verdant seaside garden and large private beach are built out to the grandfathered bulkhead. Adjacent to the bay front home are 1416 & 1418 East Balboa Blvd., included in this offering, that feature harbor and ocean views. The bay front residence was originally designed in a refined Cape Cod style. It opens to a large brick terrace and shade trees overlooking its lawn, sandy beach, and the harbor. This understated and graceful home retains much of its period charm. Alternatively, all of the properties can be maximized to create a new home and outbuildings in excess of 15,000 SF + 4,000 SF of basements. The private dock can be reconfigured to hold 3 boats up to 65’,53’, & 50’. The adjacent lots are improved with a multi-car garage building (1418) and a 1920’s cottage (1416). The redevelopment opportunities are extraordinary. Peninsula Point is the best kept secret on Newport Harbor. Adjacent to the harbor entrance and the Wedge, residents of this revered seaside neighborhood enjoy an idyllic lifestyle of sailing and days on the beach – set away from the bustle of Newport Beach.

Essential Information

  • MLS® #:
    NP19002950
  • Price:
    $22,995,000
  • Bedrooms:
    5
  • Bathrooms:
    5.00
  • Full Baths:
    5
  • Square Footage:
    4,741
  • Acres:
    0.39
  • Year Built:
    1912
  • Type:
    Residential
  • Sub-Type:
    Single Family
  • Status:
    Active

Community Information

  • Address:
    1417 E Bay Avenue
  • Area:
    Balboa Peninsula (NP)
  • Subdivision:
    Balboa Peninsula Point (BLPP)
  • City:
    Newport Beach
  • County:
    Orange
  • State:
    CA
  • Zip Code:
    92661

Amenities

  • Parking Spaces:
    7
  • Parking:
    Garage, Garage - Front Entry, Garage - Side Entry, Garage - Three Door, Garage - Two Door, Garage - Rear Entry
  • # of Garages:
    7
  • View:
    Bay View, City Lights View, Coastline View, Harbor View, Ocean View, Water View
  • Is Waterfront:
    Yes
  • Waterfront:
    Lot has Ocean Access, Bay Front, Lot Includes Dock, Lot on/near Seawall
  • Pool:
    None

Interior

  • Heating:
    Electric
  • Cooling:
    None
  • Fireplace:
    Yes
  • Fireplaces:
    Family Room, Living Room, Gas, Gas Starter, Wood
  • # of Stories:
    2
  • Stories:
    Two

Exterior

  • Exterior Features:
    Boat Slip
  • Lot Description:
    Corner Lot, Lawn, Lot 10000-19999 Sqft, Yard

School Information

  • District:
    Newport Mesa Unified
  • High:
    NEWHAR

Additional Information

  • Date Listed:
    January 4th, 2019
  • Days on Market:
    11

Listing Details

  • Listing Agent:
    Robert Giem(01082750)
  • Listing Office:
    Compass

Based on information from California Regional Multiple Listing Service, Inc. as of January 16th, 2019 at 2:50pm CST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.