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1042 W Bay Ave, Newport Beach, CA 92661
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1042 W Bay Ave Newport Beach, CA 92661

$8,500,000 Sold Price as of 01/03/2020
  • 6 Beds
  • 4.5 Baths
  • 4,256 Sq.Ft.
Sold
$8,500,000 Sold Price as of 01/03/2020 Refinance Your Mortgage
Map preview of 1042 W Bay Ave, Newport Beach, CA 92661

Property Overview: 1042 W Bay Ave Newport Beach, CA has 6 bedrooms, 4.5 bathrooms, 4,256 living square feet and 4,668 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This nautically-inspired, Contemporary-style, Balboa Peninsula bayfront home was a collaboration between its “hands-on” owner and the late architect, Kurt Donat. Located on a prime corner lot with spectacular harbor, turning basin, Saddleback mountain and Fashion Island night light views, the home features stunning architecture, an extraordinary blending of indoor and outdoor spaces and a thoughtfully designed open floor plan. The downstairs of the home features a wall of floor to ceiling retracting doors to the outside, a huge great room with polished concrete floors and a metal fireplace, a large island kitchen with stainless steel appliances, English Sycamore cabinets and marble countertops; a downstairs bedroom with an ensuite bath, a powder bath and a huge 3-car attached garage. The upstairs of the home has a large waterfront master suite that extends the full width of the home and has a fireplace, built-in desk, and an elegant limestone bath complete with a Jacuzzi tub. In addition, there is a loft space, four large bedrooms and two generous sized baths. The palette of finish materials includes Maple ceilings, English Sycamore cabinets, Mahogany floors, limestone, marble, stainless steel railings, Venetian plaster, a Zinc roof, and Brazilian Blue granite. The 43 foot wide bayside patio features a firepit, lush succulent landscaping, and a private pier and slip for several boats. All the fun of Balboa is at your door, swimming, sailing, paddleboarding and more.

Listed by Steve High | BRE #00936421 | Villa Real Estate
Co-listed by Evan Corkett | BRE #00468496 | Villa Real Estate
Last checked: 9 minutes ago | Last updated: September 29th, 2021 | Source CRMLS | DOM: 624

Home details

Lot Sq. Ft
4,668
HOA Dues
$0/mo
Year built
2003
Garage
3 Car
Property Type:
Single Family Home
Status
Sold
MLS#
LG18089341
City
Newport Beach
County
Orange
Time on Site
1383 days

Virtual Tour

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Property Details for 1042 W Bay Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Forced Air, Radiant
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • Has Fireplace
  • Living Room, Master Bedroom
Room Information
  • Downstairs Bedrooms: 1
  • Downstairs Bathrooms: 2
  • Eating Area: Dining Room
  • Flooring: Concrete, See Remarks, Wood
  • Entry, Foyer, Great Room, Jack & Jill, Kitchen, Living Room, Main Floor Bedroom, Master Suite
Kitchen Information
  • Has Appliances
  • 6 Burner Stove, Barbecue, Dishwasher, Double Oven, Disposal, Microwave
  • Kitchen Island, Stone Counters
Bathroom Information
  • # of Baths (Full): 4
  • # of Baths (1/2): 1
Interior Features
  • Beamed Ceilings, Block Walls, Coffered Ceiling(s), Copper Plumbing Full, Granite Counters, High Ceilings, Living Room Deck Attached, Stone Counters, Storage, Track Lighting, Vacuum Central
  • Levels: Two
  • Security Features: Security System
Exterior Features
Exterior Information
  • Roof: Metal
  • Boat Slip
  • Has Fence
  • Stucco Wall
  • No Spa
  • Spa Features: None
  • Has Sprinklers
Exterior Features
  • Has Patio
  • No Pool
  • Pool Features: None
  • Concrete, Deck, Patio Open
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage - Two Door
  • Has Attached Garage
Lot Information
  • Lot Features: Corner Lot, Sprinkler System, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Bay, City Lights, Harbor, Marina, Ocean, Panoramic, Pier, Water
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 04726201
  • Year Built Source: Assessor
  • Architectural Style: Contemporary, Modern
  • Foundation Details: Slab
  • Property is not Attached
  • Accessibility Features: None
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Schools
School Information
  • High School District: Newport Mesa Unified
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: Newport Blvd to Balboa Blvd to 11th Street to W. Bay Ave
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Suburban
View more facts & features

Local Newport Beach Agent

Sale History for 1042 W Bay Ave

Last sold for $8,500,000 on January 3rd, 2020

  • January, 2020

  • Jan 6, 2020

    Date

    Sold

    CRMLS: LG18089341

    $8,500,000

    Price

  • Apr 18, 2018

    Date

    Active

    CRMLS: LG18089341

    $9,995,000

    Price

  • January, 2020

  • Jan 3, 2020

    Date

    Sold (Public Records)

    Public Records

    $8,500,000

    Price

Show More

Tax History for 1042 W Bay Ave

Assessed Value (2020): $2,362,461
Year Land Value Improved Value Assessed Value
2020 $1,331,076 $1,031,385 $2,362,461

Home Value Compared to the Market

This property vs the competition

1042 W Bay Ave sold on January 3, 2020 for 170.14% higher than the current median sold price for the city of Newport Beach which is $3,700,000. The median sold price per/sqft for Newport Beach is $1,360 and this home is sold at $2348.45 per/sqft which puts the price per square foot 72.68% higher than the current median sale per square foot for the city of Newport Beach.

About 1042 W Bay Ave

Detailed summary of property

1042 W Bay Ave is a single family home that recently sold in Newport Beach, CA 92661. This house offered 6 bedrooms, 4.5 bathrooms, roughly 4,256 living square feet, and sits on an approximately 4,668 square foot lot. 1042 W Bay Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $8,500,000. Home in Newport Beach are selling for a median price of $3,700,000 and a median price per square foot of $1,360. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 170.14% higher than the current median priced home. Local homes that are currently for sale include 1003 E Balboa Blvd, 2327 Margaret Dr and 3006 W Oceanfront. While the average home in Newport Beach, CA is selling in 74 days, 1042 W Bay Ave has a days on market of 624 days. There are currently 269 homes for sale in the Newport Beach real estate market and 201 of them are single family homes while 55 of them are condos and 13 are townhomes. For more information on this home for sale at 1042 W Bay Ave Newport Beach, CA 92661 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 1042 W Bay Ave

Public county record property details
Beds
6
Baths
4
Year built
2003
Sq. Ft.
4,256
Lot Size
4,668
Stories
2
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
1
APN
047-262-01

The source for these homes facts are from public records.

92661 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$6,750,000
Median List Price/Sq.Ft.
$2,241
Median Sold Price
$4,625,000
Median Sold Price/Sq.Ft.
$1,741
Total Inventory
45
Median Sale to List Price %
92.59%
Avg Days on Market
69
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (37.5%), Other (37.5%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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