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Sold for $4,695,000
  • Listed by: Coldwell Banker Realty • Tim Smith • Contact: 949-478-2295
    Bought with: Pacific Sotheby's Int'l Realty
    $4,695,000

    127 E Bay Ave, Newport Beach, CA 92661

    4beds
    2,696sqft
    Single Family Residence
    Built in 2023
    2,607 Square Feet Lot
    $5,261,000 Zestimate®
    $1,741/sqft
    $14,183 Estimated rent

    Home value

    $5,261,000

    $4.79M - $5.79M

    $14,183/mo

    Zestimate® history
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    What's special

    French modern exteriorSitting roomEat-in islandWestern windowsCustom shinnoki cabinetryFront porchSepulveda builders
    Situated on a rare, 35' lot in a prime location, just a stone's throw from both the bay and the ocean, this custom-built residence stands as a testament to unmatched craftsmanship. A striking collaboration by Brian Olsin Design and Sepulveda Builders, the home exhibits a tasteful French modern exterior, effortlessly blending stone and smooth Santa Barbara stucco to forge an elegant façade. The swoon-worthy interiors, spanning approximately 2,695 square feet, are spread over three levels, comprising four bedrooms and four-and-a-half bathrooms. Upon stepping into the formal entry, you are welcomed into the open floorplan, where the warmth of oak hardwood flooring extends beneath your feet. Nestled within this layout is a cozy living room with a stone-surround fireplace and large glass doors offering direct access to the front porch - perfect for entertaining and taking in the ocean breezes. A chef's delight, the gourmet kitchen features top-of-the-line Thermador appliances, Carrara marble countertops, backlit shelving set against a stone backsplash, custom Shinnoki cabinetry, and an eat-in island beneath designer pendant lights. The second level houses the lavish fireplace-warmed primary suite characterized by dramatically vaulted ceilings, a private balcony, sitting room, and oversized walk-in closet complemented by a luxurious bathroom. This spa-inspired sanctuary hosts a sunken marble slab shower and Japanese soaking tub creating a haven of relaxation. Two additional en-suite bedrooms and a laundry room round out the second level. Crowning the residence is the fourth en-suite bedroom that opens onto a reinforced deck, engineered to accommodate a hot tub. This open-air space is enriched by a BBQ center, offering a peek-a-boo view of the ocean. Every aspect of this home, from the hardwood oak flooring to the wooden doors and trim, has been meticulously selected to exude sophistication and warmth. Other noteworthy details include a commercial-grade elevator servicing all three levels, a two-car attached garage supplemented by additional parking space for guests, outdoor shower, Western windows and doors throughout, seller-owned solar, and Sonos home system.

    Zillow last checked:

    Listing updated:

    Listed by:

    Tim Smith DRE #01346878 949.478.2295,

    Coldwell Banker Realty,

    Listing Team: Tim Smith Real Estate ...

    Bought with:

    Kimberly Bibb, DRE #01210754

    Pacific Sotheby's Int'l Realty

    Source: CRMLS,MLS#: NP24044025MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • Full bathrooms: 1
    • 3/4 bathrooms: 3
    • 1/2 bathrooms: 1
    • Main level bathrooms: 1
    Rooms
    • Room types: Bedroom, Entry/Foyer, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Other, Dining Room
    Bedroom
    • Features: All Bedrooms Up
    Bathroom
    • Features: Bathtub, Dual Sinks, Enclosed Toilet, Stone Counters, Soaking Tub, Separate Shower, Walk-In Shower
    Kitchen
    • Features: Kitchen Island, Kitchen/Family Room Combo
    Other
    • Features: Walk-In Closet(s)
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Freezer, Gas Cooktop, Gas Oven, Microwave, Refrigerator, Range Hood
    • Laundry: Inside, Laundry Room, Upper Level
    Features
    • Built-in Features, Balcony, Separate/Formal Dining Room, Elevator, Stone Counters, Recessed Lighting, All Bedrooms Up, Walk-In Closet(s)
    • Flooring: Wood
    • Windows: Custom Covering(s)
    • Has fireplace: Yes
    • Fireplace features: Living Room, Primary Bedroom
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 2,696 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Direct Access, Garage, Garage Faces Rear
    • Attached garage spaces: 2
    Features
    • Levels: Three Or More
    • Stories: 3
    • Entry location: 1
    • Patio & porch: Deck, Front Porch, Rooftop
    • Exterior features: Barbecue, Lighting
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: Neighborhood, Ocean, Peek-A-Boo
    • Has water view: Yes
    • Water view: Ocean
    • Waterfront features: Ocean Side Of Freeway, Ocean Side Of Highway
    Lot
    • Size: 2,607 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 04807222
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Custom
    • Property subtype: Single Family Residence
    Materials
    • Stucco
    Condition
    • Turnkey
    • New construction: Yes
    • Year built: 2023

    Utilities & green energy

    • Electric: Photovoltaics Seller Owned
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

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

    Financial & listing details

    • Price per square foot: $1,741/sqft
    • Tax assessed value: $4,788,900
    • Annual tax amount: $50,580
    • Date on market: 3/4/2024
    • Cumulative days on market: 275 days
    • Listing terms: Cash to New Loan
    • Road surface type: Paved

    Price history

    DateEventPrice
    4/25/2024Sold$4,695,000-9.6%$1,741/sqft
    Source: CRMLS #NP24044025 Report a problem
    4/10/2024Pending sale$5,195,000$1,927/sqft
    Source: CRMLS #NP24044025 Report a problem
    4/3/2024Listing removed--
    Source: CRMLS #NP24044033 Report a problem
    3/22/2024Contingent$5,195,000+205.6%$1,927/sqft
    Source: CRMLS #NP24044025 Report a problem
    3/4/2024Listed for rent$22,000$8/sqft
    Source: CRMLS #NP24044033 Report a problem
    7/24/2020Sold$1,700,000-15%$631/sqft
    Source: CRMLS #NP20091456 Report a problem
    6/17/2020Pending sale$1,999,000$741/sqft
    Source: Coldwell Banker Realty #NP20091456 Report a problem
    5/16/2020Listed for sale$1,999,000$741/sqft
    Source: Coldwell Banker Res. Brokerage #NP20091456 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$50,580 +71.7%$4,788,900 +74.9%
    2024$29,466 +9.2%$2,737,541 +7.9%
    2023$26,988 +42.3%$2,538,226 +51.1%
    2022$18,964 -2.2%$1,679,386 -1.2%
    2021$19,384 +120%$1,700,000 +144.5%
    2020$8,811 $695,277 +2%
    2019$8,811 +1.4%$681,645 +2%
    2018$8,692 +1.8%$668,280 +2%
    2017$8,538 $655,177 +2%
    2016$8,538 +2%$642,331 +1.5%
    2015$8,369 +2.9%$632,683 +2%
    2014$8,131 $620,290 +0.5%
    2013-- $617,487 +2%
    2012-- $605,380 +2%
    2011-- $593,510 +0.8%
    2010-- $589,075 -0.2%
    2009-- $590,475 +2%
    2008-- $578,898 +2%
    2007-- $567,548 +2%
    2006-- $556,420 -53.6%
    2005-- $1,200,000 +124.4%
    2004-- $534,816 +1.9%
    2003-- $525,014 +2%
    2002-- $514,720 +2%
    2001$5,213 +20.4%$504,628 +20.1%
    2000$4,328 $420,000
    Find assessor info on the county website

    Neighborhood: 92661

    Nearby schools

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    Estimated market value
    $5,261,000
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    Estimated market value
    $5,261,000