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22 Bay Island, Newport Beach, CA 92661
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22 Bay Island Newport Beach, CA 92661

$7,850,000 Sold Price as of 09/30/2022
  • 6 Beds
  • 3.5 Baths
  • 3,530 Sq.Ft.
Sold
$7,850,000 Sold Price as of 09/30/2022 Refinance Your Mortgage
Map preview of 22 Bay Island, Newport Beach, CA 92661

Property Overview: 22 Bay Island Newport Beach, CA has 6 bedrooms, 3.5 bathrooms, 3,530 living square feet and 4,400 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A classic traditional Balboa bay front cottage located on delightful Bay Island in the heart of Newport Harbor. Brimming with the nostalgia of simpler times and a history dating back to 1903 when the Bay Island Club originated as a "Gun Club" for wealthy Southern Californians, this romantic and refined enclave of twenty-three residences is accessed by a private bridge off of the Balboa Peninsula. Here homeowners enjoy exclusive common ownership of resplendent flowering gardens and grassy lawns, tennis, a garage parking structure, caretaker's cottage, and a wide sandy beach. Positioned on a large corner lot, 22 Bay Island has a rich past as one of the earliest homes on the Peninsula. Its original owner, William Burnham, was one of the Island's first five shareholders in 1903, and was instrumental in the development of Balboa Peninsula. With its vintage characteristics still intact the Craftsman-style home enjoys spectacular views of Newport Harbor and glistening city lights from every vantage point. An enviable address, Bay Island is just a short stroll to restaurants, shops, the Peninsula's best beaches, the boardwalk and the the world famous Fun Zone. Bring your imagination to this piece of paradise and remodel or redevelop, as this 4,400 square foot lot will accommodate a new home of up to 5,700 square feet. A private pier and dock to hold a vessel of 55 feet and side-tie complement this historic offering.

Listed by Tara Foster Shapiro | BRE #01892201 | Pacific Sotheby's Int'l Realty
Last checked: 10 minutes ago | Last updated: October 1st, 2022 | Source CRMLS | DOM: 53

Home details

Lot Sq. Ft
4,400
HOA Dues
$1937/mo
Year built
1904
Garage
2 Car
Property Type:
Single Family Home
Status
Sold
MLS#
NP22147788
City
Newport Beach
County
Orange
Time on Site
632 days

Virtual Tour

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Property Details for 22 Bay Island

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Downstairs Bedrooms: 2
  • Downstairs Bathrooms: 1
  • See Remarks
Kitchen Information
  • No Appliances
  • None
Bathroom Information
  • # of Baths (Full): 3
  • # of Baths (1/2): 1
Interior Features
  • Levels: Three Or More
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • Dock Private
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Patio
  • No Pool
  • Pool Features: None
  • Patio Open, Porch
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • No Attached Garage
Lot Information
  • Lot Size Source: Other
  • Common Interest: Stock Cooperative
Property Information
  • Has View
  • View: Bay, City Lights, Harbor, Neighborhood, Water
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Year Built Source: Estimated
  • Architectural Style: Bungalow
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Name: Bay Island Club
  • Association Fee: $7,747 (Quarterly)
  • Association Amenities: Playground, Dock, Pier, Tennis Court(s), Maintenance Grounds, Call for Rules, Management, Security, Controlled Access
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Schools
School Information
  • High School District: Newport Mesa Unified
Location / Neighborhood
Location Information
  • Subdivision Name: Bay Island (BISL)
  • Directions: From Balboa Blvd take Island towards the bay front. Bay Island Gate is at end of the block.
Neighborhood Information
  • Community Features: Biking, Fishing, Watersports, Urban
View more facts & features

Local Newport Beach Agent

Sale History for 22 Bay Island

Last sold for $7,850,000 on September 30th, 2022

  • September, 2022

  • Sep 30, 2022

    Date

    Sold

    CRMLS: NP22147788

    $7,850,000

    Price

  • Jul 7, 2022

    Date

    Active

    CRMLS: NP22147788

    $7,975,000

    Price

  • August, 2020

  • Aug 7, 2020

    Date

    Sold

    CRMLS: LG20026743

    $5,000,000

    Price

  • Jul 28, 2020

    Date

    Pending

    CRMLS: LG20026743

    $5,750,000

    Price

  • Jul 3, 2020

    Date

    Price Change

    CRMLS: LG20026743

    $5,750,000

    Price

  • Feb 6, 2020

    Date

    Active

    CRMLS: LG20026743

    $6,195,000

    Price

  • Listing provided courtesy of CRMLS

    Picturesque and historic Bay Island, is the location of this classic Craftsman-style, bay front cottage with a private 55’ boat dock and side-tie. Accessed by a private pedestrian bridge off of the Balboa Peninsula, Bay Island, the harbors only natural Island, originally began as a “Gun Club” in 1903; where its earliest owners shot ducks from its northern tip. Today, Bay Island is one of Newport Beach's most exclusive addresses - a private 5.5 acre sanctuary of 23 waterfront homes that commonly own a tennis court, parking structure, wide sandy beach, grassy lawns, mature trees, and lush botanical and cutting gardens. Originally purchased by William H. Burnham, a banker engaged in developing the Balboa Peninsula, 22 Bay Island, is one of the earliest homes built in Newport Beach and features spectacular views of the Balboa Pavilion, Peninsula shoreline and Newport Harbor Yacht Club’s mooring field. Its classic interior, stylish architecture and vintage character will invoke your fondest memories of days spent at the beach with the whole family: think swim suits, t-shirts, bare feet, swimming, sailing and nights filled with cousins, cook outs and playing on the beach to the wee hours. One of Southern California's most gracious locations, this premier property, available for the first time in 53 years, is a once in a lifetime opportunity of ownership. Live in the home “as-is,” remodel or redevelop this 4,400 square foot lot with a new home of up to 5,700 square feet.

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Tax History for 22 Bay Island

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

22 Bay Island sold on September 30, 2022 for 203.69% higher than the current median sold price for the city of Newport Beach which is $2,626,000. The median sold price per/sqft for Newport Beach is $1,073 and this home is sold at $2259.21 per/sqft which puts the price per square foot 110.55% higher than the current median sale per square foot for the city of Newport Beach.

About 22 Bay Island

Detailed summary of property

22 Bay Island is a single family home that recently sold in Newport Beach, CA 92661. This house offered 6 bedrooms, 3.5 bathrooms, roughly 3,530 living square feet, and sits on an approximately 4,400 square foot lot. 22 Bay Island was first listed on ArdentRealEstateGroup.com on July 26, 2022. The homeowner sold the property for $7,850,000. Home in Newport Beach are selling for a median price of $2,626,000 and a median price per square foot of $1,073. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 203.69% higher than the current median priced home. Local homes that are currently for sale include 1202 S Bay Front, 1320 E Oceanfront and 119 Via Jucar. This home does have a Homeowners Association and the monthly fee is $1,937 per month. While the average home in Newport Beach, CA is selling in 76 days, 22 Bay Island has a days on market of 53 days. There are currently 259 homes for sale in the Newport Beach real estate market and 190 of them are single family homes while 54 of them are condos and 15 are townhomes. For more information on this home for sale at 22 Bay Island 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 22 Bay Island

Public county record property details
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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.
$2,243
Median Sold Price
$11,100,000
Median Sold Price/Sq.Ft.
$2,775
Total Inventory
46
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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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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