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For sale
    • Listed by: Coldwell Banker Realty • Tim Smith • Contact: 949.478.2295
    $57,500,000

    1220 W Bay Ave, Newport Beach, CA 92661

    6beds
    12,749sqft
    : 
    $375,247/mo
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    Single Family Residence
    Built in 2023
    7,132 Square Feet Lot
    $25,082,200 Zestimate®
    $4,510/sqft
    $-- HOA

    What's special

    With its stunning waterfront views, impressive proportions, and curated selection of custom amenities, this newer (2023) contemporary showplace is among the finest residences in Newport Beach. Located on the Balboa Peninsula, the estate boasts nearly 100' of frontage along the Newport Channel, welcoming views of the water, passing yachts and sailboats, evening lights, Saddleback Mountain, Lido Isle and the towers of Newport Center and Fashion Island. Equally breathtaking, the home reflects the talents of architect Paul McClean, Gallo Builders and Lynda Murray Interior Design in an architecturally unparalleled collage of glass, marble, metal and wood. Italian veined white marble cladding and custom rain glass hint at the beauty that awaits beyond the entrance gate, where a garden complements a glass bridge that leads the way to a pivoting glass front door. Channel views are enjoyed from the moment the gate opens and continue throughout the three-level design, where six en suite bedrooms and seven-and-one-half-baths offer comfort for all in appx. 12,749 SF. Walls of glass and Sky-Frame slide-away glass doors pocket doors up to nearly 50' long create a seamless transition to outdoor areas including a lower-level pool, and a main-level bayfront terrace with kitchen and private dock for multiple vessels. Panoramic views overlook the ocean, harbor, mountains and coast from a massive rooftop patio that extends about 3,200 SF and hosts a second pool, and outdoor kitchen with grill, pizza oven and an island with seating for 10. A custom elevator joins a phenomenal spiral staircase with mirror-polished rails in offering access to all three levels of the residence. Discover a great room with see-through fireplace shared with the covered patio, a walk-in 750-bottle wine room, 192-bottle temperature-controlled wine wall, and a dining room that flows to top-tier front-and-back kitchens with Poliform Italian cabinetry and Miele, Sub-Zero and Liebherr appliances. The lower level reveals a lounge with bar, state-of-the-art theater with starry-night ceiling and concession stand, VR racing room, and fitness center with Rogue equipment and Pavi Gym rubber flooring from Spain. Your private wellness center presents a massage/meditation room, light-therapy room, steam shower and sauna. Unobstructed views enhance the top-floor’s primary suite and bath, featuring a large balcony and heated floors. Smart home tech and a four-car garage with single hydraulic door lend added cachet.
    67 days
    |
    180
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tim Smith DRE #01346878 949.478.2295,

    Coldwell Banker Realty,

    Listing Team: Tim Smith Real Estate ...

    Source: CRMLS,MLS#: NP26093046MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 8
      • Full bathrooms: 7
      • 1/2 bathrooms: 1
      • Main level bathrooms: 1
      Rooms
      • Room types: Entry/Foyer, Exercise Room, Game Room, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Media Room, Other, Projection Room, Pantry, Sauna, Wine Cellar, Dining Room
      Bathroom
      • Features: Bathtub, Dual Sinks, Heated Floor, Multiple Shower Heads, Stone Counters, Soaking Tub, Separate Shower, Tub Shower, Walk-In Shower
      Kitchen
      • Features: Butler's Pantry, Kitchen Island, Kitchen/Family Room Combo, Stone Counters, Utility Sink, Walk-In Pantry
      Other
      • Features: Walk-In Closet(s)
      Pantry
      • Features: Walk-In Pantry
      Heating
      • Ductless, Zoned
      Cooling
      • Ductless, Zoned
      Appliances
      • Included: Freezer, Gas Cooktop, Gas Oven, Refrigerator, Range Hood
      • Laundry: Inside, Laundry Room
      Features
      • Wet Bar, Built-in Features, Balcony, Separate/Formal Dining Room, Eat-in Kitchen, Elevator, High Ceilings, Living Room Deck Attached, Open Floorplan, Pantry, Stone Counters, Recessed Lighting, Wired for Sound, Primary Suite, Walk-In Pantry, Wine Cellar, Walk-In Closet(s)
      • Flooring: Tile, Wood
      • Doors: Sliding Doors
      • Windows: Custom Covering(s)
      • Has fireplace: Yes
      • Fireplace features: Living Room, Primary Bedroom, Outside, See Through, Recreation Room
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 12,749 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 4
      • Parking features: Direct Access, Door-Single, Garage Faces Front, Garage
      • Attached garage spaces: 4
      Features
      • Levels: Three Or More
      • Stories: 3
      • Entry location: 1
      • Patio & porch: Covered, Deck, Open, Patio, Rooftop
      • Exterior features: Barbecue, Dock, Lighting, Fire Pit
      • Has private pool: Yes
      • Pool features: In Ground, Private, Roof Top
      • Has spa: Yes
      • Spa features: Private
      • Has view: Yes
      • View description: Bay, Harbor, Mountain(s), Ocean, Panoramic, Water
      • Has water view: Yes
      • Water view: Bay,Harbor,Ocean,Water
      • Waterfront features: Bayfront, Dock Access, Navigable Water, Ocean Side Of Freeway, Ocean Side Of Highway
      Lot
      • Size: 7,132 Square Feet
      • Features: Landscaped
      Details
      • Parcel number: 04723209
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Custom
      • Property subtype: Single Family Residence
      Materials
      • Stone
      Condition
      • Turnkey
      • New construction: No
      • Year built: 2023
      Details
      • Builder name: Gallo Builders

      Utilities & green energy

      • Electric: Standard
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Curbs
      • Security: Smoke Detector(s)
      • Subdivision: Balboa Peninsula (Residential) (Balp)
      Location
      • Region: Newport Beach

      Financial & listing details

      • Price per square foot: $4,510/sqft
      • Tax assessed value: $19,448,504
      • Annual tax amount: $204,174
      • Date on market: 6/9/2026
      • Cumulative days on market: 67 days
      • Listing terms: Cash to New Loan
      • Road surface type: Paved

        Estimated market value

        $25,082,200

        $19.81M - $31.60M

        $7,941/mo

        Price history

        DateEventPrice
        6/9/2026Listed for sale$57,500,000$4,510/sqft
        Source: CRMLS #NP26093046 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$204,174 +1.5%$19,448,504 +2%
        2024$201,198 +13.5%$19,067,160 +13%
        2023$177,260 +17%$16,873,060 +17.4%
        2022$151,538 +1.4%$14,373,005 +1.5%
        2021$149,373 +22.9%$14,162,555 +23.1%
        2020$121,508 $11,506,628 +15.5%
        2019$121,508 $9,965,309
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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

        62 / 100
        Somewhat Walkable
        28 / 100
        Some Transit
        70 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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