1220 W Bay Ave, Newport Beach, CA 92661
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1220 W Bay Ave Newport Beach, CA 92661

$68,000,000
  • 6 Beds
  • 7.5 Baths
  • 12,749 Sq.Ft.
For Sale
$68,000,000 Get Pre-Qualified

Map preview of 1220 W Bay Ave, Newport Beach, CA 92661

Property Overview: 1220 W Bay Ave Newport Beach, CA has 6 bedrooms, 7.5 bathrooms, 12,749 living square feet and 7,132 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Experience the epitome of opulence in this newly constructed waterfront luxury estate, where sweeping Bay views take center stage. Meticulously crafted by renowned architect Paul McClean and masterfully brought to life by Gallo Builders, this extraordinary residence seamlessly blends modern sophistication with unparalleled craftsmanship. The exterior showcases Italian Lasa slab cladding, custom architectural rain glass, and a secure Mag lock front gate, setting the tone for the grandeur within. Upon entry, soaring ceilings and abundant natural light greet you, revealing a meticulously designed home spanning over 12,700 square feet of sheer excellence. Boasting 6 bedrooms, 8 bathrooms, and a show-stopping 3,700-square-foot rooftop deck, the residence is a testament to luxury living. Designed by the esteemed Lynda Murray, every detail exudes premium quality, from the SkyFrame doors from Switzerland to the Lutron Homewerks lighting control system, Savant home control, and seamlessly integrated Tru-Fig plugs and keypads. Culinary excellence is achieved in both front and back kitchens, featuring Antolini porcelain countertops, Poliform Italian cabinets, and top-tier Miele, Sub-Zero, and Liebherr appliances, complemented by Dornbracht plumbing fixtures. Ascend the staircase, adorned with mirrored polish stainless steel stringers and porcelain treads, guided by mirrored polish stainless steel handrails, illuminated by a bespoke multi-pendant chandelier crafted by Alison Berger. A custom 3-stop elevator ensures effortless access to different levels of this luxurious abode. The Primary Bedroom and Spa-like Bathroom offer breathtaking views, automated features, radiant heated floors, and premium finishes, creating a sanctuary of comfort and opulence. Each bedroom and bathroom is thoughtfully designed with privacy and luxury in mind. The estate boasts affluent amenities, including a Home Theater, VR Racing Room, a gym with Pavi Gym rubber floors from Spain, Rogue fitness equipment, and a massage room with towel warming drawers. This haven features a large pool/spa, an entertainment lounge/bar, a temperature-controlled 192-bottle Wine Wall, and a 750-bottle Wine Room. The rooftop deck is equipped with a retractable CSEED 144" TV, Kalamazoo BBQ kitchen, and full audio setup. A unique custom 4-car garage with a single hydraulic door and glass cladding, creates a one-of-a-kind grand entrance to this estate. Enjoy seamless indoor-outdoor living with 6-panel fully automated doors leading to the backyard, featuring Kalamazoo BBQ equipment, integrated TV lift, full landscape audio, a large fire pit ideal for gatherings, and a 26-foot Kalamazoo BBQ kitchen and serving island. This residence stands as a testament to the pinnacle of luxury living, seamlessly fusing technology, design, and comfort for an unparalleled living experience.

Listed by Joshua Altman | BRE #01764587 | Douglas Elliman of California, Inc.
Co-listed by Heather Altman | BRE #01833121 | Douglas Elliman of California, Inc.
Last checked: 15 minutes ago | Last updated: March 11th, 2024 | Source CRMLS | DOM: 94
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Home details

Lot Sq. Ft
7,132
HOA Dues
$0/mo
Year built
2023
Garage
4 Car
Property Type:
Single Family Home
Status
Active
MLS#
24346275
City
Newport Beach
County
Orange
Time on Site
104 days

Open Houses for 1220 W Bay Ave

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Property Details for 1220 W Bay Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central, Fireplace(s)
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Individual Room, Inside
Fireplace Information
  • Has Fireplace
  • Fire Pit, Living Room, Primary Retreat, Bonus Room
Room Information
  • Eating Area: Dining Room, In Kitchen
  • Flooring: Tile
  • Dressing Area, Primary Bathroom, Living Room, Family Room, Entry, Home Theatre, Walk-In Closet, Bonus Room, Sauna, Office, Wine Cellar
Kitchen Information
  • Has Appliances
  • Barbecue, Dishwasher, Refrigerator, Oven, Range, Range Hood, Built-In, Microwave
  • Kitchen Island, Walk-In Pantry, Kitchen Open to Family Room
Bathroom Information
  • # of Baths (Full): 7
  • # of Baths (1/2): 1
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • High Ceilings, Open Floorplan, Elevator, Recessed Lighting, Wet Bar, Bar
  • Levels: Multi/Split
Exterior Features
Exterior Information
  • Has Spa
  • Spa Features: Private, In Ground, Heated
Exterior Features
  • Has Patio
  • Has Pool
  • Pool Features: In Ground, Private
  • Roof Top, Deck
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Garage, Private, Driveway
Lot Information
  • Lot Features: Back Yard, Lawn, Yard
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Water, Panoramic, Bay, City Lights, Harbor
  • Common Walls: No Common Walls
  • Parcel Number: 04723209
  • Architectural Style: Contemporary
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Balboa Peninsula
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Sale History for 1220 W Bay Ave

Last sold for $10,240,000 on September 28th, 2012
  • January, 2024

  • Jan 16, 2024

    Date

    Active

    CRMLS: 24346275

    $68,000,000

    Price

  • September, 2012

  • Sep 28, 2012

    Date

    Sold (Public Records)

    Public Records

    $10,240,000

    Price

  • July, 2007

  • Jul 23, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1220 W Bay Ave

Assessed Value (2020): $11,506,628
Year Land Value Improved Value Assessed Value
2020 $10,383,865 $1,122,763 $11,506,628

Home Value Compared to the Market

This property vs the competition

1220 W Bay Ave is listed 1483.24% higher than the median list price for the city of Newport Beach which has a median list price of $4,295,000. The median price per/sqft for Newport Beach is $1,506 and this home is listed at $5333.75 per/sqft which puts the price per square foot 254.17% higher than the median price per square foot for the city of Newport Beach.

About 1220 W Bay Ave

Detailed summary of property

1220 W Bay Ave is a single family home located in Newport Beach, CA 92661 and is currently for sale. This house offers 6 bedrooms, 7.5 bathrooms, roughly 12,749 living square feet, and sits on an approximately 7,132 square foot lot. 1220 W Bay Ave was first listed on ArdentRealEstateGroup.com on January 16, 2024. The homeowner is currently asking $68,000,000. The median priced home in Newport Beach is $4,295,000 with a median price per square foot of $1,506. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is listed 1483.24% higher than the median priced home. Local competing homes currently for sale include 133 S Mapleton Dr, 11740 Crescenda St and 684 Firth Ave. While the average home in Newport Beach, CA is selling in 72 days, 1220 W Bay Ave has a days on market of 94 days. There are currently 266 homes for sale in the Newport Beach real estate market and 196 of them are single family homes while 56 of them are condos and 14 are townhomes. For more information on this home for sale at 1220 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 1220 W Bay Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
--
APN
047-232-09

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
$6,595,000
Median List Price/Sq.Ft.
$2,183
Median Sold Price
$11,100,000
Median Sold Price/Sq.Ft.
$2,775
Total Inventory
44
Median Sale to List Price %
94.11%
Avg Days on Market
174
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (33.33%)

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Related Resources to 1220 W Bay Ave

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.