READY TO BUILD with APPROVED PLANS and a SHORT TERM RENTAL PERMIT. This is your opportunity to build a custom home on the iconic Balboa Peninsula, just steps from the bay and a short walk to the beach, the Balboa Pier, Balboa Island Ferry, Fun Zone and the infamous Wedge. Plans for this 3-level home boast a pristine design with an open concept floor plan and an elevator to all three levels. The main level features a chef’s kitchen with a large island and bar seating that opens to an airy and light-filled living area. Adjacent to the kitchen is an outdoor courtyard separated only by glass doors allowing the ultimate indoor/outdoor living with room for a fire pit, grill or seating for entertaining guests. On the second level, a sleek primary suite includes a luxurious spa bathroom with dual vanities, large soaking tub and oversized walk-in shower. The primary suite also features a private balcony and a spacious walk-in closet. There are three secondary bedrooms on the second floor and an additional bedroom with full bath on the third level. The magnificent 1,000+ sq. ft. rooftop terrace is truly an entertainer's dream with its multiple covered and uncovered lounging areas, and plans for an outdoor kitchen, fire pit and hot tub. The oversized 2-car garage will be outfitted with a charging port for an electric vehicle and there is ample room for storage cabinets and bikes. The highly sought after short term rental permit is transferred to the buyer with the sale of the property, which will significantly increase the property’s rental income. This rare offering is a great opportunity for any discerning buyer or investor.
Sold for $3,100,000
Listed by: DiTolla Real Estate • Jodi DiTolla • Contact: 949-228-7263
Bought with: KW The Lakes
$3,100,000
422 E Bay Ave, Newport Beach, CA 92661
5beds
2,683sqft
Single Family Residence
Built in 2024
2,402 Square Feet Lot
$4,827,000 Zestimate®
$1,155/sqft
$7,910 Estimated rent
Home value
$4,827,000
$4.30M - $5.45M
$7,910/mo
Zestimate® history
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$19,438/mo
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Zillow last checked:
Listing updated:
Listed by:
Jodi DiTolla DRE #01969994 949-228-7263,
DiTolla Real Estate
Bought with:
Gabriel McKnight, DRE #02112207
KW The Lakes
Source: CRMLS,MLS#: NP24034851
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 6
- Main level bathrooms: 1
Rooms
- Room types: Bathroom, Bedroom, Great Room, Kitchen, Laundry, Primary Bedroom, Other
Primary bedroom
- Features: Primary Suite
Bedroom
- Features: All Bedrooms Up
Kitchen
- Features: Kitchen Island, Kitchen/Family Room Combo
Other
- Features: Walk-In Closet(s)
Cooling
- Central Air
Appliances
- Laundry: Inside, Laundry Room
Features
- All Bedrooms Up, Jack and Jill Bath, Primary Suite, Walk-In Closet(s)
- Has fireplace: Yes
- Fireplace features: Great Room, Primary Bedroom
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,683 sqft
Property
Parking
- Total spaces: 2
- Parking features: Door-Multi, Direct Access, Electric Vehicle Charging Station(s), Garage, Oversized, Garage Faces Rear
- Attached garage spaces: 2
Features
- Levels: Three Or More
- Stories: 3
- Entry location: Bay
- Patio & porch: Deck, Patio, Rooftop
- Pool features: None
- Has view: Yes
- View description: Coastline
- Has water view: Yes
- Water view: Coastline
Lot
- Size: 2,402 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 04811113
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod,Contemporary
- Property subtype: Single Family Residence
Materials
- Fiber Cement
Condition
- New construction: Yes
- Year built: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
Community & HOA
Community
- Features: Biking, Storm Drain(s), Street Lights, Sidewalks, Water Sports
- Subdivision: Balboa Peninsula (Residential) (Balp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,155/sqft
- Tax assessed value: $3,472,497
- Date on market: 3/14/2024
- Cumulative days on market: 77 days
- Listing terms: Cash,Cash to New Loan,Conventional,Cal Vet Loan,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2024 | Sold | $3,100,000-8.8%$1,155/sqft |
Source:  CRMLS #NP24034851 Report a problem | ||
| 6/20/2024 | Pending sale | $3,400,000$1,267/sqft |
Source: CRMLS #NP24034851 Report a problem | ||
| 6/1/2024 | Contingent | $3,400,000$1,267/sqft |
Source: CRMLS #NP24052384 Report a problem | ||
| 5/15/2024 | Listed for sale | $3,400,000$1,267/sqft |
Source: CRMLS #NP24052384 Report a problem | ||
| 4/29/2024 | Contingent | $3,400,000$1,267/sqft |
Source: CRMLS #NP24052384 Report a problem | ||
| 3/15/2024 | Listed for sale | $3,400,000+30.8%$1,267/sqft |
Source: CRMLS #NP24034851 Report a problem | ||
| 4/26/2023 | Sold | $2,600,000-5.5%$969/sqft |
Source: Public Record Report a problem | ||
| 4/6/2023 | Pending sale | $2,750,000$1,025/sqft |
Source: CRMLS #IV23022573 Report a problem | ||
| 3/21/2023 | Price change | $2,750,000-6.8%$1,025/sqft |
Source: CRMLS #IV23022573 Report a problem | ||
| 2/9/2023 | Listed for sale | $2,950,000$1,100/sqft |
Source: CRMLS #IV23022573 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $3,472,497 +12% |
| 2025 | $32,886 +16.2% | $3,100,000 +16.9% |
| 2024 | $28,296 -3.4% | $2,652,000 +55.9% |
| 2023 | $29,302 +56.7% | $1,701,527 +2% |
| 2022 | $18,705 +0.4% | $1,668,164 +2% |
| 2021 | $18,625 +1.1% | $1,635,455 +1% |
| 2020 | $18,417 | $1,618,686 +2% |
| 2019 | $18,417 +1.8% | $1,586,948 +2% |
| 2018 | $18,090 +715.2% | $1,555,832 +2194.5% |
| 2017 | $2,219 | $67,808 +2% |
| 2016 | $2,219 +1.3% | $66,479 +1.5% |
| 2015 | $2,191 +1.8% | $65,481 +2% |
| 2014 | $2,151 | $64,199 +0.5% |
| 2013 | -- | $63,909 +2% |
| 2012 | -- | $62,656 +2% |
| 2011 | -- | $61,428 +0.8% |
| 2010 | -- | $60,969 -0.2% |
| 2009 | -- | $61,115 +2% |
| 2008 | -- | $59,917 +2% |
| 2007 | -- | $58,743 +2% |
| 2006 | -- | $57,592 +2% |
| 2005 | -- | $56,463 +2% |
| 2004 | -- | $55,356 +1.9% |
| 2003 | -- | $54,342 +2% |
| 2002 | -- | $53,277 +2% |
| 2001 | $623 +2.5% | $52,233 +2% |
| 2000 | $608 | $51,209 |
Find assessor info on the county website
Neighborhood: 92661
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Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 1 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 1.4 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$4,827,000
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Estimated market value
$4,827,000
- California
- Orange County
- Newport Beach
- 92661
- 422 E Bay Ave
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