1417 E Bay Avenue, Newport Beach

$22,995,000

5 Beds
5 Baths
4,741 Sqft
16,988 Sqft
7 Garages

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
Bedrooms5
Bathrooms5.00
Full Baths5
Square Footage4,741
Lot Square Footage16,988
Year Built1912
TypeResidential
Sub-TypeSingle Family
StatusActive
Community Information
Address1417 E Bay Avenue
AreaBalboa Peninsula (NP)
SubdivisionBalboa Peninsula Point (BLPP)
CityNewport Beach
CountyOrange
StateCA
Zip Code92661
Amenities
Parking Spaces7
# of Garages7
Is WaterfrontYes
PoolNone
Parking

Garage, Garage - Front Entry, Garage - Rear Entry, Garage - Side Entry, Garage - Three Door, Garage - Two Door

View

Bay View, City Lights View, Coastline View, Ocean View, Water View, Harbor View

Waterfront

Lot Includes Dock, Lot has Ocean Access, Lot on/near Seawall, Bay Front

Interior
HeatingElectric
CoolingNone
FireplaceYes
# of Stories2
StoriesTwo
Fireplaces

Family Room, Living Room, Gas, Gas Starter, Wood

Exterior
Exterior FeaturesBoat Slip
Lot Description

Corner Lot, Lawn, Lot 10000-19999 Sqft, Yard

School Information
DistrictNewport Mesa Unified
HighNEWHAR
Additional Information
Date ListedJanuary 4th, 2019
Days on Market44
Listing Details
AgentRobert Giem(01082750)
OfficeCompass
LISTING MAP

1417 E Bay Avenue

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Based on information from California Regional Multiple Listing Service, Inc. as of February 18th, 2019 at 1:40pm PST. 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.

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