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Status: ACTIVE

1340 W Bay Ave 
Newport Beach, CA 92661

$8,495,000

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An extraordinary opportunity awaits on the iconic Balboa Peninsula, Newport Beachs original waterfront neighborhood. Built in the 1950s, this bayfront property offers either a complete remodel or the chance to design and build a dream residence from the ground up. Set on a 35 x 109 parcel with 35 feet of waterfrontage, the property features a private pier and dock accommodating vessels up to 55 feeta true rarity in todays market. From this vantage point, enjoy sweeping views of Newport Harbor, the West Lido Channel, mountain silhouettes, and the sparkling city lights of Fashion Island. The backdrop is as dynamic as the lifestyle it promises. Here, land and sea come together seamlessly. Swim, sail, paddleboard, or cruise directly from your dock. Wake up to the energy of the harbor with morning crew workouts gliding across the bay, then head across the peninsula to the white sandy beaches of Balboa. The home sits conveniently between the Balboa Pier and Newport Pier, placing you in the heart of the action. Join the locals for daily runs, bike rides, or walks along the world-famous Boardwalk, where the ocean breeze and beach energy create a lifestyle unlike anywhere else. The location places you at the center of it all. A quick Duffy ride takes you to the boutique charm of Lido Village, with its waterfront dining, chic cafs, and luxury shops. Minutes away, enjoy world-class shopping at Fashion Island, effortless access to John Wayne Airport, and the vibrant nightlife of coastal Orange County. This is more than a propertyits a lifestyle. From quiet mornings with coffee as the harbor stirs awake, to afternoons on the sand, to evenings entertaining as sailboats drift by, 1340 W. Bay Avenue delivers a rare chance to create a generational home in one of Newport Beachs most coveted settings. This site allows for new construction of a home approximately 3,6503,750 square feet in size, with a maximum height of 29 feet across three stories.
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Bedrooms
4
Baths
2.5
House Size
2,053 sqft
Year Built
1952
Lot Size
0.09 ac

Location

Market Insights

In the last 30 days, homes for sale in 92661, Newport Beach, CA were on the market for a median of 114 days and 0% of homes sold above list price.

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Interior Information

appliances
Dishwasher
Disposal
Microwave
Gas Oven
fireplace
Living Room
heating
Forced Air
laundry features
Washer Hookup
view
Bay
Ocean
Marina
Water
Harbor
City Lights

Exterior Information

fence
Vinyl
patio and porch
Patio
roof
Composition

Property Information

community
Sidewalks
parking
Garage
sewer
Public Sewer
subdivision name
Balboa Peninsula (residential) (
utilities
Electricity Available
Cable Available
Electricity Connected
water source
Public
  • Listed By Steve High
  • steve@highcorkett.com
  • Pacific Sotheby’s International Realty
  • (949) 554-1200
  • valarie.Swanson@PacificSir.com
  • MLS LG25193348

Monthly Payments Calculator

Estimated Monthly Cost

$52,138

30 year fixed·6.9% interest rate
Principal & Interest
$44,758
Property Taxes
$7,079
Home Insurance
$300
HOA Fees
$0
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*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
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