1417 E Bay Avenue, Newport Beach, CA 92661

$22,995,000
5
BD
5
BA
4,741
SqFt
List Price
$22,995,000
Status
ACTIVE
MLS#
NP19002950
Year Built
1912
Bedrooms
5
Bathrooms
5
Living Sq. Ft
4,741
Lot Size
17,000
Lot Location
Corner Lot, Lawn, Lot 10000-19999 Sqft, Yard
Days on Market
19
Property Type
Single Family Residential
Property Sub Type
Single Family Residence
Stories
Two Level
Neighborhood
Balboa Peninsula Point (Blpp)

Property Description

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.

Additional Information

Tract Number
105
Lot Description
Storm Drains, Street Lighting, Suburban
Pool Description
None
Fireplace Description
Family Room, Living Room, Gas, Gas Starter, Wood
Heat
Electric
Cooling Description
None
View
Bay, City Lights, Coastline, Harbor, Ocean, Water
Garage Spaces Total
7
Sewer
Public Sewer
Water
Public
School District
Newport Mesa Unified
High School
Newhar
Attached Structure
Detached
Total Number of Units
1

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Robert Giem from Compass

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.