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219 E Bay Ave, Newport Beach, CA 92661
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219 E Bay Ave Newport Beach, CA 92661

$3,950,000
  • 5 Beds
  • 3 Baths
  • 2,225 Sq.Ft.
For Sale
$3,950,000 Get Pre-Qualified
Map preview of 219 E Bay Ave, Newport Beach, CA 92661

Property Overview: 219 E Bay Ave Newport Beach, CA has 5 bedrooms, 3 bathrooms, 2,225 living square feet and 2,614 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: Beach Duplex with a transferrable SHORT-TERM RENTAL LICENSE, located on a CORNER LOT in the quaint and quieter Bay Island area, only part way down the peninsula, and not on busier Balboa Boulevard, making this one of the more desirable areas on the peninsula. This exceptional lot location is offset at the T of Coronado Street with an unobstructed view of the bay - must see view to appreciate! Two levels have two separate home units - the bottom level has 2 bedrooms, 1 bath and large patio facing the bay, and the top level has 3 bedrooms, 2 baths, with a large deck facing the bay. A buyer can inquire with the city about adding a third level for additional ocean views, similar to many neighboring properties. This can be a family beach home with 2 units, income property, short-term rental property, or combination. Both units have fireplaces, beautiful open kitchens, and use of one car space in the two-car enclosed garage, with overhead storage space, and plenty of unmetered on-street parking. The upstairs home has a grand primary bedroom suite, and an additional second stairway and entry door in rear of home. Additional amenities include custom built-in storage throughout, open beam ceilings, and 219 E Bay Avenue is Southern California beach living at its finest, with the world-famous Newport Beach Harbor one block to the North for boating, sailing, and other water sports, and expansive sandy beaches, just a few houses away to the South, for surfing and more. Many yacht clubs are in Newport Harbor, for terrific social connections, and there are endless restaurant options. This property has been meticulously maintained by the same owners for over 25 years, including a new roof in 2020. All of the advantages of living at the beach, with an interior price tag.

Listed by Kathy Abbott | BRE #00889942 | Universal Preferred Properties
Last checked: 16 minutes ago | Last updated: April 6th, 2024 | Source CRMLS | DOM: 35
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Home details

Lot Sq. Ft
2,614
HOA Dues
$0/mo
Year built
1957
Garage
2 Car
Property Type:
Duplex
Status
Active
MLS#
NP24048345
City
Newport Beach
County
Orange
Time on Site
47 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,400
  • Total Rent: $40,800
  • Pro Forma/Market Rent: $40,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,950
  • Total Rent: $47,400
  • Pro Forma/Market Rent: $47,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $88,200
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Open Houses for 219 E Bay Ave

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Property Details for 219 E Bay Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Natural Gas, Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included
Fireplace Information
  • Has Fireplace
  • Family Room, Masonry
Room Information
  • Flooring: Laminate, Tile
  • Family Room, Kitchen, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite
Kitchen Information
  • Has Appliances
  • Dishwasher, Electric Range, Gas Oven, Gas Water Heater, Microwave, Range Hood, Water Heater
Interior Features
  • 2 Staircases, Balcony, Beamed Ceilings, Cathedral Ceiling(s), Granite Counters, Living Room Deck Attached, Unfurnished
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Has Fence
  • Block
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Direct Garage Access, Garage - Two Door, Garage Door Opener, Off Street
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Harbor, Ocean
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 04809110
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is not Attached
  • Offered With Property: Washer and Dryer
  • Property Condition: Repairs Cosmetic
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
  • Has Assessments
  • Assessments: Special Assessments, Buyer to Verify
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: From Pacific Coast Highway, take Balboa Boulevard down the peninsula, left on Coronado, left on Bay Avenue. Unmetered parking on street.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Fishing, Watersports, Sidewalks, Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 219 E Bay Ave

Last sold for $505,000 on March 2nd, 1998

  • March, 2024

  • Mar 11, 2024

    Date

    Active

    CRMLS: NP24048345

    $3,950,000

    Price

  • October, 2021

  • Oct 17, 2021

    Date

    Price Change

    CRMLS: NP21177969

    $3,095,000

    Price

  • Aug 12, 2021

    Date

    Active

    CRMLS: NP21177969

    $3,350,000

    Price

  • Listing provided courtesy of CRMLS

    Beautiful Peninsula Duplex located in the quaint and quieter Bay Island area, only part way down the peninsula, and not on busier Balboa Boulevard, making this one of the more desirable areas on the peninsula. This exceptional lot location is offset with an unobstructed view of the bay! Two levels have two separate home units - the bottom level has 2 bedrooms, 1 bath and large patio with a short walk to the bay, and the top level has 3 bedrooms, 2 baths, with a large front patio and view of the bay! This can be a family beach home, income property, or combination. Consider adding a third story like many neighboring properties! Both units have wood burning fireplaces, beautiful open kitchens, and use of one car space in the two-car enclosed garage, with shared washer-dryer and overhead storage space. The upstairs home has a grand master bedroom suite with custom tiled shower, and additional second stairway and entry door in rear of home. Amenities include custom built-in storage throughout, open beam ceilings, and plenty of unmetered on-street parking. 219 E Bay Avenue is Southern California beach living at it’s finest, among a neighborhood of homes that have pride of ownership and the world-famous Newport Beach Harbor for boating, sailing, yacht club membership, and endless restaurant options. This property is on the market for the first time in over 20 years, and has been meticulously maintained by the same owners, including annual pest control inspections and a new roof in 2020.

  • March, 1998

  • Mar 2, 1998

    Date

    Sold (Public Records)

    Public Records

    $505,000

    Price

  • December, 1995

  • Dec 1, 1995

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 219 E Bay Ave

Assessed Value (2020): $721,113
Year Land Value Improved Value Assessed Value
2020 $620,157 $100,956 $721,113

Home Value Compared to the Market

This property vs the competition

219 E Bay Ave is listed 8.03% lower 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 $1775.28 per/sqft which puts the price per square foot 17.88% higher than the median price per square foot for the city of Newport Beach.

About 219 E Bay Ave

Detailed summary of property

219 E Bay Ave is a duplex located in Newport Beach, CA 92661 and is currently for sale. This duplex offers 5 bedrooms, 3 bathrooms, roughly 2,225 living square feet, and sits on an approximately 2,614 square foot lot. 219 E Bay Ave was first listed on ArdentRealEstateGroup.com on March 11, 2024. The homeowner is currently asking $3,950,000. 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 8.03% lower than the median priced home. Local competing homes currently for sale include 507 29th St, 2711 W Balboa Blvd and 112 28th St. While the average home in Newport Beach, CA is selling in 72 days, 219 E Bay Ave has a days on market of 35 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 219 E 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 219 E Bay Ave

Public county record property details
Beds
--
Baths
--
Year built
1957
Sq. Ft.
2,225
Lot Size
2,870
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
11
APN
048-091-10

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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Recently Sold Homes Near 219 E Bay Ave

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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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