Beach Duplex with transferrable SHORT-TERM RENTAL LICENSES for both units, located on a CORNER LOT in the quaint and quieter Bay Island area, only part way down the peninsula, and not on busier Balboa Boulevard, making this one of the more desirable areas on the peninsula. This exceptional lot location is offset at the T of Coronado Street with an unobstructed view of the bay - must see view to appreciate! Two levels have two separate home units - the bottom level has 2 bedrooms, 1 bath and large patio facing the bay, and the top level has 3 bedrooms, 2 baths, with a large deck facing the bay. A buyer can inquire with the city about adding a third level for additional ocean views, similar to many neighboring properties, and for the updated ADU - Accessory Dwelling Unit guidelines. This can be a family beach home with 2 units, income property, short-term rental property, or combination. Both units have fireplaces, beautiful open kitchens, parking in the enclosed garage, overhead storage space in garage, and plenty of unmetered on-street parking. The upstairs home has a grand primary bedroom suite, and an additional second stairway and entry door in rear of home. Additional amenities include custom built-in storage throughout, open beam ceilings, and outdoor patios. 219 E Bay Avenue is Southern California beach living at its finest, with the world-famous Newport Beach Harbor one block to the North for boating, sailing, and other water sports, and expansive sandy beaches, just a few houses away to the South, for surfing, beach walks and leisurely days. Many yacht clubs are in Newport Harbor, for terrific social connections, and there are endless restaurant options. This property has been meticulously maintained by the same owners for over 25 years, including a new roof in 2020. Your new home will have all of the advantages of beach living in one of the world's most sought-after locations! (Note that the short-term rental licenses are for 7 occupants in the 3-Bedroom/upstairs unit, and 5 occupants in the 2-Bedroom/downstairs unit, for a total of 12 occupants.)
Sold for $3,090,000
Listed by: Universal Preferred Properties • Kathy Abbott • Contact: 949-677-6577
Bought with: None MRML
Tax assessed value
$3,090,000
219 E Bay Ave, Newport Beach, CA 92661
5beds
3baths
2,225sqft
Duplex
Built in 1957
-- sqft lot
$-- Zestimate®
$1,389/sqft
$7,502 Estimated rent
Home value
Not available
Estimated sales range
Not available
$7,502/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Kathy Abbott DRE #00889942 714-457-3849,
Universal Preferred Properties
Bought with:
NONE NONE, DRE #N/A
None MRML
Source: CRMLS,MLS#: NP24048345
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Rooms
- Room types: Bedroom, Family Room, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
Primary bedroom
- Features: Primary Suite
Bedroom
- Features: Bedroom on Main Level
Heating
- Natural Gas, Wall Furnace
Cooling
- None
Appliances
- Included: Dishwasher, Electric Range, Gas Oven, Gas Water Heater, Microwave, Range Hood, Water Heater, Dryer, Washer
- Laundry: Common Area, Washer Hookup, Gas Dryer Hookup
Features
- Beamed Ceilings, Balcony, Cathedral Ceiling(s), Granite Counters, Living Room Deck Attached, Multiple Staircases, Unfurnished, Bedroom on Main Level, Primary Suite
- Flooring: Laminate, Tile
- Has fireplace: Yes
- Fireplace features: Family Room, Masonry
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,225
- Total interior livable area: 2,225 sqft
Property
Parking
- Total spaces: 2
- Parking features: Door-Multi, Direct Access, Garage, Garage Door Opener, Off Street
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Lower unit - front door; Upper unit - rear stairs
- Pool features: None
- Fencing: Block
- Has view: Yes
- View description: Harbor, Ocean
- Has water view: Yes
- Water view: Harbor,Ocean
- Waterfront features: Beach Access, Ocean Access
Lot
- Size: 2,614 Square Feet
- Features: Corner Lot
Details
- Parcel number: 04809110
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Drywall, Stucco
- Foundation: Slab
Condition
- Repairs Cosmetic
- New construction: No
- Year built: 1957
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Fishing, Street Lights, Sidewalks, Water Sports
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Balboa Peninsula (Residential) (Balp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,389/sqft
- Tax assessed value: $3,090,000
- Annual tax amount: $33,080
- Date on market: 3/11/2024
- Cumulative days on market: 209 days
- Listing terms: Cash to New Loan,1031 Exchange
- Inclusions: Washer and Dryer
- Exclusions: Tenant's and owner's personal property.
- Tenant pays: Cable TV, Electricity, Gas, Telephone
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/22/2024 | Sold | $3,090,000-11.6%$1,389/sqft |
Source:  CRMLS #NP24048345 Report a problem | ||
| 11/4/2024 | Pending sale | $3,495,000$1,571/sqft |
Source: CRMLS #NP24048345 Report a problem | ||
| 10/20/2024 | Contingent | $3,495,000$1,571/sqft |
Source: CRMLS #NP24048345 Report a problem | ||
| 9/14/2024 | Listed for sale | $3,495,000+592.1%$1,571/sqft |
Source: CRMLS #NP24048345 Report a problem | ||
| 3/2/1998 | Sold | $505,000$227/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $33,080 +273.2% | $3,090,000 +290.9% |
| 2024 | $8,864 +2.4% | $790,543 +2% |
| 2023 | $8,653 -7.4% | $775,043 +2% |
| 2022 | $9,344 -0.8% | $759,847 +2% |
| 2021 | $9,422 +0.9% | $744,949 +1% |
| 2020 | $9,338 | $737,311 +2% |
| 2019 | $9,338 +1.4% | $722,854 +2% |
| 2018 | $9,208 +2% | $708,681 +2% |
| 2017 | $9,027 | $694,786 +2% |
| 2016 | $9,027 +2% | $681,163 +1.5% |
| 2015 | $8,847 +3% | $670,932 +2% |
| 2014 | $8,592 | $657,790 +0.5% |
| 2013 | -- | $654,818 +2% |
| 2012 | -- | $641,979 +2% |
| 2011 | -- | $629,392 +0.8% |
| 2010 | -- | $624,689 -0.2% |
| 2009 | -- | $626,174 +2% |
| 2008 | -- | $613,897 +2% |
| 2007 | -- | $601,860 +2% |
| 2006 | -- | $590,059 +2% |
| 2005 | -- | $578,490 +2% |
| 2004 | -- | $567,148 +1.9% |
| 2003 | -- | $556,754 +2% |
| 2002 | -- | $545,838 +2% |
| 2001 | $5,560 +2.6% | $535,136 +2% |
| 2000 | $5,420 | $524,644 |
Find assessor info on the county website
Neighborhood: 92661
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