Lifelong Summer memories start in your new home by the sea on the famed Balboa Peninsula! This 4 Bedroom, 5 Bath home has been carefully designed to take advantage of the Coastal lifestyle. The main level is replete with an airy, light-filled living area, a cozy fireplace, dining area and bar seating at the active island. The chef's dream kitchen is equipped with a Thermador appliance suite, a stainless farmhouse sink, warm light wood cabinets and a large walk-in pantry. A dutch door welcomes guests and stacking glass doors extend the main level to the front patio surrounded by lush planting. The home boasts an elevator serving all three levels including the spacious wrap around roof deck featuring views of the blue Pacific, The Pavilion, Fashion Island and the hills. The second floor is home to 3 bedrooms, a family room and a convenient laundry room. The sleek primary suite includes a private balcony, spacious walk-in closet and a luxurious spa bathroom with dual vanities, a large soaking tub, oversized walk-in shower clad in marble and encased in glass doors, custom wood cabinetry with marble countertops. The 4th bedroom is on the third floor with a private patio leading to the wrap around deck with both covered and open lounging areas. The ground floor features direct access to the two car garage and a deluxe beach shower. Ideally located, just steps from the bay and miles of Newport's pristine beaches and bike trails, the famous Balboa Island Ferry, shops and restaurants.
Sold for $10,660,000
Listed by: Compass • Victoria Lee • Contact: 949-466-3224
Bought with: Real Broker
Tax assessed value
$10,660,000
317 E Bay Ave, Newport Beach, CA 92661
4beds
2,620sqft
Single Family Residence
Built in 2022
2,400 Square Feet Lot
$12,179,000 Zestimate®
$4,069/sqft
$24,840 Estimated rent
Home value
$12,179,000
$10.72M - $13.88M
$24,840/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Victoria Lee DRE #00664250 949-466-3224,
Compass,
Brad Barker DRE #01197354 949-547-5515,
Compass
Bought with:
Kimberly Pearson, DRE #02041906
Real Broker
Justin Tye, DRE #01728694
Real Broker
Source: CRMLS,MLS#: LG24080236
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/4 bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Family Room, Foyer, Great Room, Kitchen, Laundry, Primary Bedroom, Other, Pantry
Primary bedroom
- Features: Primary Suite
Bathroom
- Features: Bathroom Exhaust Fan, Bathtub, Dual Sinks, Stone Counters, Soaking Tub, Separate Shower, Walk-In Shower
Kitchen
- Features: Kitchen Island, Kitchen/Family Room Combo, Pots & Pan Drawers, Stone Counters, Self-closing Drawers, Walk-In Pantry
Other
- Features: Walk-In Closet(s)
Pantry
- Features: Walk-In Pantry
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: 6 Burner Stove, Built-In Range, Dishwasher, Gas Cooktop, Disposal, Microwave, Refrigerator, Self Cleaning Oven, Tankless Water Heater
- Laundry: Gas Dryer Hookup, Inside, Laundry Room, Upper Level
Features
- Breakfast Bar, Built-in Features, Balcony, Elevator, Open Floorplan, Pantry, Stone Counters, See Remarks, Entrance Foyer, Primary Suite, Walk-In Pantry, Walk-In Closet(s)
- Flooring: Stone, Wood
- Windows: Double Pane Windows
- Has fireplace: Yes
- Fireplace features: Gas Starter, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,620 sqft
Property
Parking
- Total spaces: 2
- Parking features: Direct Access, Door-Single, Garage, Garage Door Opener, Garage Faces Rear
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Three Or More
- Stories: 3
- Entry location: Ground level w steps
- Patio & porch: Covered, Deck, Front Porch, Open, Patio, Rooftop, See Remarks, Terrace
- Exterior features: Lighting, Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: Vinyl
- Has view: Yes
- View description: City Lights, Neighborhood, Ocean, Water
- Has water view: Yes
- Water view: Ocean,Water
- Waterfront features: Ocean Side Of Freeway, Ocean Side Of Highway
Lot
- Size: 2,400 Square Feet
- Dimensions: 30 x 80
- Features: Corner Lot, Drip Irrigation/Bubblers, Rectangular Lot
Details
- Parcel number: 04809230
- Zoning: R2
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: See Remarks
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Raised, Slab
Condition
- New construction: No
- Year built: 2022
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer, Sewer Tap Paid
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Curbs, Fishing, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks, Water Sports
- Security: Security System, Smoke Detector(s)
- Subdivision: Balboa Peninsula (Residential) (Balp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $4,069/sqft
- Tax assessed value: $10,660,000
- Annual tax amount: $112,094
- Date on market: 5/3/2024
- Cumulative days on market: 57 days
- Listing terms: Cash,Cash to New Loan
- Road surface type: Alley Paved, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2024 | Sold | $10,660,000+129.2%$4,069/sqft |
Source: Public Record Report a problem | ||
| 7/3/2024 | Sold | $4,650,000-3.6%$1,775/sqft |
Source:  CRMLS #LG24080236 Report a problem | ||
| 7/3/2024 | Pending sale | $4,825,000$1,842/sqft |
Source: CRMLS #LG24080236 Report a problem | ||
| 7/2/2024 | Contingent | $4,825,000$1,842/sqft |
Source: CRMLS #LG24080236 Report a problem | ||
| 5/3/2024 | Listed for sale | $4,825,000+5%$1,842/sqft |
Source: CRMLS #LG24080236 Report a problem | ||
| 5/18/2022 | Sold | $4,595,000$1,754/sqft |
Source: Public Record Report a problem | ||
| 5/11/2022 | Pending sale | $4,595,000-31.4%$1,754/sqft |
Source: CRMLS #NP22098045 Report a problem | ||
| 5/22/2018 | Sold | $6,700,000+41.1%$2,557/sqft |
Source: Public Record Report a problem | ||
| 8/16/2011 | Sold | $4,750,000-13.6%$1,813/sqft |
Source: Public Record Report a problem | ||
| 10/9/2010 | Price change | $5,495,000-11.3%$2,097/sqft |
Source: NRT California #U10000411 Report a problem | ||
| 1/30/2010 | Listed for sale | $6,195,000+12.6%$2,365/sqft |
Source: NRT California #U10000411 Report a problem | ||
| 9/21/2007 | Sold | $5,500,000+61.8%$2,099/sqft |
Source: Public Record Report a problem | ||
| 6/17/2005 | Sold | $3,400,000+81.3%$1,298/sqft |
Source: Public Record Report a problem | ||
| 12/15/1999 | Sold | $1,875,000$716/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $112,094 +37.9% | $10,660,000 +38.7% |
| 2024 | $81,284 +2.4% | $7,687,779 +2% |
| 2023 | $79,391 +1.7% | $7,537,039 +2% |
| 2022 | $78,086 +2% | $7,389,254 +2% |
| 2021 | $76,584 +1% | $7,244,367 +1% |
| 2020 | $75,850 | $7,170,085 +9.5% |
| 2019 | $75,850 +9.6% | $6,549,799 +25.4% |
| 2018 | $69,220 +27.6% | $5,222,226 +2% |
| 2017 | $54,254 | $5,119,830 +2% |
| 2016 | $54,254 +2.3% | $5,019,442 +1.5% |
| 2015 | $53,029 +3.1% | $4,944,046 +2% |
| 2014 | $51,427 | $4,847,199 +0% |
| 2013 | -- | $4,845,000 +2% |
| 2012 | -- | $4,750,000 -10.4% |
| 2011 | -- | $5,300,000 -5.3% |
| 2010 | -- | $5,596,703 -0.2% |
| 2009 | -- | $5,610,000 +2% |
| 2008 | -- | $5,500,000 +44.7% |
| 2007 | -- | $3,801,457 +9.6% |
| 2006 | -- | $3,468,000 +67.7% |
| 2005 | -- | $2,067,451 +2% |
| 2004 | -- | $2,026,913 +1.9% |
| 2003 | -- | $1,989,765 +2% |
| 2002 | -- | $1,950,750 +2% |
| 2001 | $20,491 +2.5% | $1,912,500 +2% |
| 2000 | $19,997 | $1,875,000 |
Find assessor info on the county website
Neighborhood: 92661
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Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 0.9 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 1.3 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Newport
- Middle: Horace Ensign
- High: Newport Harbor
Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$12,179,000
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Estimated market value
$12,179,000
- California
- Orange County
- Newport Beach
- 92661
- 317 E Bay Ave
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