1417 E Bay Avenue, Newport Beach, CA 92661 (MLS # NP19002950)

Price $22,995,000
Status Active
Beds 5
Baths 5 baths
Home size 4,741 sq ft
Lot Size 17,001 sqft
Days on Market 15
The last great bay front compound in Peninsula Point is now for sale for the first time in over 50 years. Six contiguous lots comprise this once-in-a-lifetime opportunity now on offer. The total combined lot area is approximately 17,000 square feet, or .4 acres. Situated on a desirable corner with 180-degree harbor views, the bay front property features an expansive 60’ of frontage on the harbor. The verdant seaside garden and large private beach are built out to the grandfathered bulkhead. Adjacent to the bay front home are 1416 & 1418 East Balboa Blvd., included in this offering, that feature harbor and ocean views. The bay front residence was originally designed in a refined Cape Cod style. It opens to a large brick terrace and shade trees overlooking its lawn, sandy beach, and the harbor. This understated and graceful home retains much of its period charm. Alternatively, all of the properties can be maximized to create a new home and outbuildings in excess of 15,000 SF + 4,000 SF of basements. The private dock can be reconfigured to hold 3 boats up to 65’,53’, & 50’. The adjacent lots are improved with a multi-car garage building (1418) and a 1920’s cottage (1416). The redevelopment opportunities are extraordinary. Peninsula Point is the best kept secret on Newport Harbor. Adjacent to the harbor entrance and the Wedge, residents of this revered seaside neighborhood enjoy an idyllic lifestyle of sailing and days on the beach – set away from the bustle of Newport Beach.
Property Type(s): Single Family
Last Updated 1/5/2019 Tract Balboa Peninsula Point (BLPP)
Year Built 1912 Community NP - Balboa Peninsula
County Orange

SCHOOLS

School District Newport Mesa Unified
High School NEWHAR

Additional Details

AIR None
AREA NP - Balboa Peninsula
EXTERIOR Boat Slip
FIREPLACE Yes
GARAGE Garage, Garage - Front Entry, Garage - Rear Entry, Garage - Side Entry, Garage - Three Door, Garage - Two Door
HEAT Electric
HOA DUES 0.00
LOT 0.3903 acre(s)
LOT DESCRIPTION Corner Lot, Lawn, Lot 10000-19999 Sqft, Yard
PARKING Spaces: 7.00
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
SUBDIVISION Balboa Peninsula Point (BLPP)
VIEW Yes
VIEW DESCRIPTION Bay,City Lights,Coastline,Harbor,Ocean,Water
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Bay Front,Includes Dock,Ocean Access,Seawall

Location

 

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Listing provided by : Robert Giem CalDRE: 01082750, Compass

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Based on information from California Regional Multiple Listing Service, Inc. as of 1/18/19 7:49 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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