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For sale
    • Listed by: Compass • Jody Chapman • Contact: 949.689.8594
    $2,350,000

    122 E Bay Ave, Newport Beach, CA 92661

    2beds
    928sqft
    : 
    $14,402/mo
    Get pre-qualified
    Single Family Residence
    Built in 1925
    1,860 Square Feet Lot
    $-- Zestimate®
    $2,532/sqft
    $-- HOA

    What's special

    If you’ve been dreaming of the perfect beach bungalow escape, your search may be over. This charming 2-bedroom, 1-bath detached single-family home delivers the effortless lifestyle the Balboa Peninsula is known for. Completely rebuilt in 2021, this single-level coastal jewel at 122 E. Bay Ave. welcomes you with an easy, relaxed charm—from the terrazzo entry steps to the Dutch door that sets the tone for the home’s inviting beachside character. Inside, the interiors reflect the soft, natural palette of the coastline: crisp whites, sun-washed tones, beautiful white oak flooring, and thoughtfully curated lighting and cabinetry that create a breezy, sophisticated retreat. Every detail has been designed to maximize both comfort and style. Custom built-ins provide clever storage while doubling as relaxed seating. A handsome mantel crowns the recycled terrazzo fireplace surround, creating a cozy focal point that flows seamlessly into the open kitchen. The kitchen itself feels perfectly suited for casual coastal living, featuring premium stainless appliances, quality fixtures, and a striking island with waterfall edges, seating, hidden electrical, and subtle backlighting. The front patio, the outdoor shower and private rear yard are ideal after gathering with friends at the beach. Step outside and you’re immersed in the friendly rhythm of Peninsula life. Surfing, skimboarding, swimming beaches, and bayfront activities are all moments away, making it easy to embrace the carefree lifestyle that defines this iconic coastal community. With its relaxed design, thoughtful craftsmanship, and unbeatable value as the lowest-priced single-family home on the Peninsula by a wide margin, this beach bungalow lives far larger than its footprint suggests. Chic. Effortless. A place to slow down, breathe in the ocean air, and create memories for generations. This is more than a home—it’s your personal coastal sanctuary.
    252 days
    |
    942
    |
    27
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jody Chapman DRE #01338862 949.689.8594,

    Compass

    Source: CRMLS,MLS#: NP26056313MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 1
      • Main level bedrooms: 2
      Rooms
      • Room types: Bedroom, Entry/Foyer, Kitchen, Laundry, Living Room, Primary Bedroom, Other
      Primary bedroom
      • Features: Main Level Primary
      Bedroom
      • Features: All Bedrooms Down
      Bedroom
      • Features: Bedroom on Main Level
      Bathroom
      • Features: Full Bath on Main Level, Quartz Counters, Remodeled, Walk-In Shower
      Kitchen
      • Features: Kitchen Island, Kitchen/Family Room Combo, Quartz Counters, Self-closing Cabinet Doors, Self-closing Drawers
      Other
      • Features: Walk-In Closet(s)
      Heating
      • Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: Built-In Range, Convection Oven, Dishwasher, Disposal, Gas Range, Refrigerator, Range Hood, Dryer, Washer
      • Laundry: Inside, Laundry Room, Stacked
      Features
      • Breakfast Bar, Built-in Features, Eat-in Kitchen, Furnished, Open Floorplan, Pantry, Recessed Lighting, See Remarks, All Bedrooms Down, Bedroom on Main Level, Main Level Primary, Walk-In Closet(s)
      • Flooring: Wood
      • Windows: Double Pane Windows
      • Has fireplace: Yes
      • Fireplace features: Living Room
      • Furnished: Yes
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 928 sqft
      Video & virtual tour

      Property

      Features
      • Levels: One
      • Stories: 1
      • Entry location: 1
      • Patio & porch: Front Porch
      • Pool features: None
      • Spa features: None
      • Has view: Yes
      • View description: None
      Lot
      • Size: 1,860 Square Feet
      • Features: Rectangular Lot, Walkstreet
      Details
      • Parcel number: 04806114
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: See Remarks
      • Property subtype: Single Family Residence
      Materials
      • Foundation: Slab
      • Roof: Composition
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1925

      Utilities & green energy

      • Sewer: Public Sewer, Sewer Tap Paid
      • Water: Public

      Community & HOA

      Community
      • Features: Curbs, Street Lights, Sidewalks
      • Subdivision: Balboa Peninsula (Residential) (Balp)
      Location
      • Region: Newport Beach

      Financial & listing details

      • Price per square foot: $2,532/sqft
      • Tax assessed value: $2,122,416
      • Annual tax amount: $22,642
      • Date on market: 3/15/2026
      • Cumulative days on market: 252 days
      • Listing terms: Cash,Cash to New Loan
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $6,199/mo

        Price history

        DateEventPrice
        3/15/2026Listed for sale$2,350,000+17.5%$2,532/sqft
        Source: CRMLS #NP26056313 Report a problem
        11/15/2021Sold$2,000,000+0.3%$2,155/sqft
        Source: Public Record Report a problem
        11/5/2021Pending sale$1,995,000$2,150/sqft
        Source: CRMLS #PW21224614 Report a problem
        10/11/2021Listed for sale$1,995,000+59.6%$2,150/sqft
        Source: CRMLS #PW21224614 Report a problem
        3/5/2021Sold$1,250,000$1,347/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$22,642 +1.6%$2,122,416 +2%
        2024$22,286 +2.4%$2,080,800 +2%
        2023$21,765 -30.8%$2,040,000 +2%
        2022$31,473 +128.8%$2,000,000 +139.8%
        2021$13,754 +916.7%$834,190 +723.7%
        2020$1,353 $101,278 +2%
        2019$1,353 +1.7%$99,293 +2%
        2018$1,331 +3.8%$97,347 +2%
        2017$1,282 $95,439 +2%
        2016$1,282 +2.1%$93,568 +1.5%
        2015$1,256 +3.7%$92,163 +2%
        2014$1,211 $90,358 +0.5%
        2013-- $89,950 +2%
        2012-- $88,187 +2%
        2011-- $86,458 +0.8%
        2010-- $85,812 -0.2%
        2009-- $86,017 +2%
        2008-- $84,331 +2%
        2007-- $82,678 +2%
        2006-- $81,057 +2%
        2005-- $79,468 +2%
        2004-- $77,910 +1.9%
        2003-- $76,483 +2%
        2002-- $74,984 +2%
        2001$768 +2.7%$73,514 +2%
        2000$748 $72,073
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 92661

        Getting around

        70 / 100
        Very Walkable
        24 / 100
        Minimal Transit
        72 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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