1240 W Bay Ave, Newport Beach, CA 92661 - View 1

1240 W Bay Ave, Newport Beach, CA 92661 - View 2

1240 W Bay Ave, Newport Beach, CA 92661 - View 3

1240 W Bay Ave, Newport Beach, CA 92661 - View 4

1240 W Bay Ave, Newport Beach, CA 92661 - View 5

1240 W Bay Ave, Newport Beach, CA 92661 - View 6

1240 W Bay Ave, Newport Beach, CA 92661 - View 7

1240 W Bay Ave, Newport Beach, CA 92661 - View 8

1240 W Bay Ave, Newport Beach, CA 92661 - View 9

1240 W Bay Ave, Newport Beach, CA 92661 - View 10

1240 W Bay Ave, Newport Beach, CA 92661 - View 11

1240 W Bay Ave, Newport Beach, CA 92661 - View 12

1240 W Bay Ave, Newport Beach, CA 92661 - View 13

1240 W Bay Ave, Newport Beach, CA 92661 - View 14

1240 W Bay Ave, Newport Beach, CA 92661 - View 15

1240 W Bay Ave, Newport Beach, CA 92661 - View 16

1240 W Bay Ave, Newport Beach, CA 92661 - View 17

1240 W Bay Ave, Newport Beach, CA 92661 - View 18

1240 W Bay Ave, Newport Beach, CA 92661 - View 19

1240 W Bay Ave, Newport Beach, CA 92661 - View 20

1240 W Bay Ave, Newport Beach, CA 92661 - View 21

1240 W Bay Ave, Newport Beach, CA 92661 - View 22

1240 W Bay Ave, Newport Beach, CA 92661 - View 23

1240 W Bay Ave, Newport Beach, CA 92661 - View 24

1240 W Bay Ave, Newport Beach, CA 92661 - View 25

1240 W Bay Ave, Newport Beach, CA 92661 - View 26

1240 W Bay Ave, Newport Beach, CA 92661 - View 27

1240 W Bay Ave, Newport Beach, CA 92661 - View 28

1240 W Bay Ave, Newport Beach, CA 92661 - View 29

1240 W Bay Ave, Newport Beach, CA 92661 - View 30

1240 W Bay Ave, Newport Beach, CA 92661 - View 31

1240 W Bay Ave, Newport Beach, CA 92661 - View 32

1240 W Bay Ave, Newport Beach, CA 92661 - View 33

1240 W Bay Ave, Newport Beach, CA 92661 - View 34

1240 W Bay Ave, Newport Beach, CA 92661 - View 35

1240 W Bay Ave, Newport Beach, CA 92661 - View 36

1240 W Bay Ave, Newport Beach, CA 92661 - View 37

1240 W Bay Ave, Newport Beach, CA 92661 - View 38

1240 W Bay Ave, Newport Beach, CA 92661 - View 39

1240 W Bay Ave, Newport Beach, CA 92661 - Main View

1240 W Bay Ave, Newport Beach, CA 92661 - Additional View 1

1240 W Bay Ave, Newport Beach, CA 92661 - Additional View 2

1240 W Bay Ave, Newport Beach, CA 92661

Sale Price: $15,550,000

Mar 26, 20253,196 sqft3 beds4 baths

Listed by: Kimberly Bibb

License #: 01210754

Phone #: 949-554-1200

Pacific Sotheby's Int'l Realty

Source:

MLS #: NP25060307

Assignment

Get a detailed valuation report, schedule a tour or make an offer!

Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

DRE LICENSE #01997822

California Association of Realtors

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$456,258

TurboHome Estimated Value

$15,708,600

$4,915 sqft

High Valuation

$16,494,030

$5161/sqft

Normal Valuation

$15,708,600

$4915/sqft

Low Valuation

$14,923,170

$4669/sqft

3rd Party Estimates

Source	$/sqft	Valuation
HouseCanary	$4915	$15,708,600

Assignment

Get a detailed valuation report, schedule a tour or make an offer!

Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

DRE LICENSE #01997822

California Association of Realtors

Neighborhood: Balboa Peninsula (Residential) (BALP)

Loading map...

Comparative Value

$9.46M

$13.15M

$15.55M

$16.25M

$17.90M

$21.00M

506 Harbor Island Dr, Newport Beach, CA 92660

Sale Price: $9,458,750

Selected Comparable

1212 E Balboa Blvd, Newport Beach, CA 92661

Sale Price: $13,150,000

Selected Comparable

1240 W Bay Ave, Newport Beach, CA 92661

Sale Price: $15,550,000

Selected Comparable

1240 W Bay Ave, Newport Beach, CA 92661

List Price: $16,250,000

Subject Property

30 Linda Isle, Newport Beach, CA 92660

Sale Price: $17,900,000

Selected Comparable

820 Via Lido Nord, Newport Beach, CA 92663

Sale Price: $21,000,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT

1240 W Bay Ave, Newport Beach, CA 92661

1240 W Bay Ave, Newport Beach, CA 92661

List: $16,250,000

Listed: 3/26/2025

Area:3,196 sqft

Price/sqft:$5,084

Beds:3

Baths:4

Year Built:—

Lot Size:5,136

Comparable Properties

COMPARABLE

Choose comps

1240 W Bay Ave, Newport Beach, CA 92661

1240 W Bay Ave, Newport Beach, CA 92661

Sale: $15,550,000

4/28/2025 • 0.00 mi

Area:3,196 sqft

Price/sqft:$4,865

Beds:3

Baths:4

Year Built:—

Weight:25.0%

1212 E Balboa Blvd, Newport Beach, CA 92661

1212 E Balboa Blvd, Newport Beach, CA 92661

Sale: $13,150,000

5/29/2025 • 1.45 mi

Area:3,164 sqft

Price/sqft:$4,156

Beds:3

Baths:5

Year Built:—

Weight:20.2%

30 Linda Isle, Newport Beach, CA 92660

30 Linda Isle, Newport Beach, CA 92660

Sale: $17,900,000

6/2/2025 • 0.87 mi

Area:3,336 sqft

Price/sqft:$5,366

Beds:3

Baths:5

Year Built:—

Weight:20.2%

820 Via Lido Nord, Newport Beach, CA 92663

820 Via Lido Nord, Newport Beach, CA 92663

Sale: $21,000,000

7/26/2024 • 0.41 mi

Area:3,875 sqft

Price/sqft:$5,419

Beds:3

Baths:4

Year Built:—

Weight:18.4%

506 Harbor Island Dr, Newport Beach, CA 92660

506 Harbor Island Dr, Newport Beach, CA 92660

Sale: $9,458,750

6/18/2024 • 1.08 mi

Area:3,523 sqft

Price/sqft:$2,685

Beds:3

Baths:5

Year Built:—

Weight:16.2%

Subject Property

SUBJECT

Image	Address	List Price	sqft	Price/sqft	Lot Size	Distance	List Date	Beds	Baths	Year Built	Weight
	1240 W Bay Ave, Newport Beach, CA 92661	$16,250,000	3,196	$5,084	5,136	—	3/26/2025	3	4	—	—

Comparable Properties

COMPARABLE

Choose comps

Image	Address	Sale Price	sqft	Price/sqft	Lot Size	Distance	Sale Date	Beds	Baths	Year Built	Weight
	1240 W Bay Ave, Newport Beach, CA 92661	$15,550,000	3,196	$4,865	5,136	0.00 mi	4/28/2025	3	4	—	25.0%
	1212 E Balboa Blvd, Newport Beach, CA 92661	$13,150,000	3,164	$4,156	5,100	1.45 mi	5/29/2025	3	5	—	20.2%
	30 Linda Isle, Newport Beach, CA 92660	$17,900,000	3,336	$5,366	5,580	0.87 mi	6/2/2025	3	5	—	20.2%
	820 Via Lido Nord, Newport Beach, CA 92663	$21,000,000	3,875	$5,419	3,600	0.41 mi	7/26/2024	3	4	—	18.4%
	506 Harbor Island Dr, Newport Beach, CA 92660	$9,458,750	3,523	$2,685	5,000	1.08 mi	6/18/2024	3	5	—	16.2%

Nearby Listings

5 similar properties within 5 miles

Property placeholder

505 W Edgewater Ave, Newport Beach, CA 92661

List Price: $13,500,000

505 W Edgewater Ave, Newport Beach, CA 92661

4 bd 5 ba 3,208 sqft

TurboHome Est. Value:

$11,855,900

Property placeholder

842 Harbor Island Dr, Newport Beach, CA 92660

List Price: $15,500,000

842 Harbor Island Dr, Newport Beach, CA 92660

4 bd 5 ba 5,102 sqft

TurboHome Est. Value:

$15,415,200

Property placeholder

2132 E Oceanfront, Newport Beach, CA 92661

List Price: $13,900,000

2132 E Oceanfront, Newport Beach, CA 92661

3 bd 4 ba 3,307 sqft

TurboHome Est. Value:

$14,604,800

How it Works

1

Meet your local TurboHome agent

We match you with an in-house licensed real estate agent who knows your market

2

We support your homebuying journey

Everything you'd expect your agent to do: touring, analysis, coaching, offers, negotiations, and closing

3

You get big savings

Choose how you want to receive your TurboHome savings — Boost your offer, cash at closing, or lower mortgage rate