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.
Sold for $15,550,000 on 04/28/25
Listing Provided by:
Kimberly Bibb DRE #01210754 714-396-0185,
Pacific Sotheby's Int'l Realty
$15,550,000
1240 W Bay Ave, Newport Beach, CA 92661
3beds
3,196sqft
Single Family Residence
Built in 1994
5,136 Square Feet Lot
$15,577,600 Zestimate®
$4,865/sqft
$7,544 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 28, 2025 at 04:15pm
Listing Provided by:
Kimberly Bibb DRE #01210754 714-396-0185,
Pacific Sotheby's Int'l Realty
Bought with:
Stephen Mortensen, DRE #01813078
Coldwell Banker Realty
Source: CRMLS,MLS#: NP25060307
Originating MLS: California Regional MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 2
- 3/4 bathrooms: 2
- Main level bathrooms: 1
Heating
- Fireplace(s)
Cooling
- None
Appliances
- Included: Built-In Range, Double Oven, Dishwasher, Freezer, Disposal, Gas Range, Microwave, Refrigerator
- Laundry: Washer Hookup, Gas Dryer Hookup, In Garage
Features
- Wet Bar, Balcony, Ceiling Fan(s), Separate/Formal Dining Room, Open Floorplan, Bar, All Bedrooms Up, Atrium, Walk-In Closet(s)
- Flooring: Carpet, Tile
- Windows: Bay Window(s)
- Has fireplace: Yes
- Fireplace features: Gas, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 3,196 sqft
Property
Parking
- Total spaces: 3
- Parking features: Door-Multi, Direct Access, Garage, Garage Faces Rear
- Attached garage spaces: 3
Accessibility
- Accessibility features: Safe Emergency Egress from Home
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Patio & porch: Concrete, Deck, Patio
- Exterior features: Dock
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Bay, City Lights, Pier
- Has water view: Yes
- Water view: Bay,Pier
- Waterfront features: Bayfront, Dock Access
Lot
- Size: 5,136 sqft
- Features: 0-1 Unit/Acre, Corner Lot, Landscaped
Details
- Additional structures: Gazebo
- Parcel number: 04723201
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Clay,Tile
Condition
- New construction: No
- Year built: 1994
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Biking, Curbs, Fishing, Sidewalks, Water Sports
Location
- Region: Newport Beach
- Subdivision: Balboa Peninsula (Residential) (Balp)
Other
Other facts
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional
- Road surface type: Paved
Services availability
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Estimated market value
$15,577,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$15,577,600