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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:
CRMLS Logo
MLS #: NP25060307

Property Description

Nestled on an oversized, 48’ wide corner lot along the prestigious Balboa Peninsula, this exceptional bayfront home offers unparalleled waterfront living with breathtaking views of Newport Harbor. This highly desirable residence features a private dock and a stunning pier with a rare covered gazebo, perfect for Al fresco dining. The thoughtfully designed 3-bedroom, 4-bathroom home is bathed in natural light from skylights throughout, enhancing its airy and inviting ambiance. The luxurious master suite boasts panoramic harbor views, a private deck, a cozy seating area, and a spa-like en suite bathroom. Two additional bedrooms each have access to the back deck with a charming peek-a-boo ocean view. The beautifully appointed kitchen overlooks the bay and living room - which features a fireplace, as well as sliding doors opening out to the expansive front patio, ideal for seamless indoor-outdoor living. Completing this remarkable home is a den with a wet bar, small basement, and a spacious 3-car attached garage. Just steps to the sand and all of the activities, fine dining, and attractions Newport Beach has to offer - this is the perfect blend of elegance, comfort, and prime waterfront living.
Assignment
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Kevin Kretzmer
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.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$227,508

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$/sqftValuation
HouseCanary$4915/sqft$15,708,600

Neighborhood: Balboa Peninsula (Residential) (BALP)

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Comparative Value

$12.90M

$13.15M

$15.13M

$15.55M

$16.25M

$17.90M

930 E Balboa Blvd, Newport Beach, CA 92661

Sale Price: $12,900,000

Selected Comparable

1212 E Balboa Blvd, Newport Beach, CA 92661

Sale Price: $13,150,000

Selected Comparable

704 Via Lido Nord, Newport Beach, CA 92663

Sale Price: $15,125,000

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

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

4/28/20250.00 mi

Area:3,196 sqft
Price/sqft:$4,865
Beds:3
Baths:4
Year Built:
Weight:24.8%
1212 E Balboa Blvd, Newport Beach, CA 92661

1212 E Balboa Blvd, Newport Beach, CA 92661

Sale: $13,150,000

5/29/20251.45 mi

Area:3,164 sqft
Price/sqft:$4,156
Beds:3
Baths:5
Year Built:
Weight:19.9%
30 Linda Isle, Newport Beach, CA 92660

30 Linda Isle, Newport Beach, CA 92660

Sale: $17,900,000

6/2/20250.87 mi

Area:3,336 sqft
Price/sqft:$5,366
Beds:3
Baths:5
Year Built:
Weight:19.9%
930 E Balboa Blvd, Newport Beach, CA 92661

930 E Balboa Blvd, Newport Beach, CA 92661

Sale: $12,900,000

6/12/20251.21 mi

Area:3,327 sqft
Price/sqft:$3,877
Beds:3
Baths:5
Year Built:
Weight:19.7%
704 Via Lido Nord, Newport Beach, CA 92663

704 Via Lido Nord, Newport Beach, CA 92663

Sale: $15,125,000

11/1/20240.37 mi

Area:3,174 sqft
Price/sqft:$4,765
Beds:4
Baths:5
Year Built:
Weight:15.7%

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