1201 W Bay Ave

Newport Beach, CA 92661 View Map $3,220,000 Ask a Question
Beds2
Baths2
Sq.Ft.962
Year1947
1201 W Bay Ave Newport Beach, CA 92661 | MLS OC24044701 Photo 1
1201 W Bay Ave Newport Beach, CA 92661 | MLS OC24044701 Map
Brad Korb

Brad Korb

(818) 953-5300

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Status: Sold
Property Type:Single Family Residence
MLS #:OC24044701
Sq. Feet:962
Date Sold:5/10/2024
Lot Size:3,501 Sq. Ft.
County:Orange
Welcome to the epitome of prime real estate on Balboa Peninsula! Are you in search of the perfect location offering breathtaking bay views and endless possibilities? Look no further, as this property is a canvas awaiting your vision.

Perched majestically, this parcel of land presents a rare opportunity to craft your dream estate. Imagine building your custom mega mansion, where every window frames panoramic vistas of both the serene ocean and the tranquil bay. With ample space and unparalleled views, the potential for luxury living knows no bounds.

Alternatively, for those with an eye for preserving the charm of the past, the existing cottage provides a nostalgic backdrop ripe for renovation. Envision blending the nostalgia of the cottage with a stunning new home on the front lot, capitalizing on the spectacular bay views. It's a fusion of history and modernity, creating a timeless masterpiece.

Feeling inspired by the allure of multiple dwellings? Consider the option to construct two beautiful condos, each offering captivating views of the bay and the ocean. With the possibility of adding an ADU (Accessory Dwelling Unit), this property offers flexibility and versatility to accommodate diverse living arrangements.

The potential for this amazing piece of property is limited only by your imagination. Whether you aspire to create a sprawling estate, preserve the charm of yesteryears, or develop luxury condos, the canvas is yours to transform. Embrace the opportunity to shape your vision against the backdrop of unparalleled natural beauty. The possibilities are endless; the choice is yours to make.

ABOUT 1201 W Bay Ave, Newport Beach, CA 92661 - MLS OC24044701

This property is located at 1201 W Bay Ave in the Balboa Peninsula (Residential) (Balp) neighborhood of Newport Beach in Orange County, with a current listing price of $3,220,000. This 962 square foot single family residence for sale has 2 bedrooms, 2 baths, and is situated on 0.08 acres of land.

For additional information about 1201 W Bay Ave, see more details below as entered by the listing brokerage, including property taxes, year built, assigned schools, type of construction, exterior and interior features, locations, views, and any neighborhood amenities in Balboa Peninsula (Residential) (Balp).

Call The Brad Korb Real Estate Group or use our contact form to get into your Newport Beach area dream home today! Our local agents are experts in the Newport Beach real estate market and are committed to providing outstanding service. To tour MLS #OC24044701 today, connect with an agent at (818) 953-5300.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
5/11/2024$3,000,000$3,220,0007.3%

Community Information

Address:1201 W Bay Ave, Newport Beach, CA 92661
Area:NP - Balboa Peninsula
County:Orange
School System:Newport Mesa Unified
Zip Code:92661

Architecture

Bedrooms: 2
Bathrooms: 2
Year Built:1947
Stories:2
Style:House
Total Units: 1
Stories Total: 2
Garage Spaces: 2.0

Features / Amenities

Interior Features: Bedroom on Main Level
Fireplace Features: Living Room
Laundry: In Garage
Room Type: Bedroom, LivingRoom
Entry Level: 2
Entry Location: up
Common Walls: No Common Walls
Parking Features: Garage
Parking Total: 2.0

Rooms

Features
Living Room
BedroomBedroomonMainLevel

Property Features

Lot Size: 0.08 Acres / 3,501 Sq. Ft.
Lot Dimensions:38X90
Lot Features: Lawn, Rectangular Lot
View: Bay, Neighborhood, Ocean, Water
Sewer: Public Sewer
Water: Public
Road Surface: Paved
Zoning:SFR
Directions:12th and Bay

Tax and Financial Info

Buyer Financing: CashtoLoan
Terms: CashtoNewLoan
Land Lease: No
Buyer Agency Compensation: 2.250%

Listing Agent/Office

Agent:Maria Xanthakis
Office:Seven Gables Real Estate
Broker Phone:714-785-8914

Schools

WALKING AND TRANSPORTATION

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Based on information from California Regional Multiple Listing Service, Inc. as of June 19, 2024. 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. IDX provided by Sierra Interactive.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.