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

$2,280,000 Sold Price as of 11/29/2023
  • 3 Beds
  • 3 Baths
  • 1,281 Sq.Ft.
Sold
$2,280,000 Sold Price as of 11/29/2023 Refinance Your Mortgage
Map preview of 308 E Bay Ave, Newport Beach, CA 92661

Property Overview: 308 E Bay Ave Newport Beach, CA has 3 bedrooms, 3 bathrooms, 1,281 living square feet and 2,178 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 306/308 E Bay Avenue – a fantastic real estate gem located in the heart of a vibrant coastal community. This unique property is a corner lot, offering not just a home but an exceptional investment opportunity. Currently configured as a charming duplex, this property presents a wealth of possibilities. The front unit (308) boasts a cozy one bedroom, one bathroom layout, perfect for enjoying a quiet retreat by the beach. The rear unit (306) features a spacious two bedroom, two bathroom layout, providing ample space for family and guests. With separate entrances for each unit, privacy is a given, making it an ideal arrangement for extended family living or rental income. The location of 306/308 E Bay Avenue is truly unparalleled. Just a few steps away from both bay and ocean beaches, you'll find yourself immersed in the soothing sounds of the waves and the invigorating ocean breeze. Enjoy leisurely strolls along the beach, or indulge in water sports and activities right at your doorstep. For those seeking entertainment and local attractions, look no further. The property is conveniently situated near the famous Fun Zone and Balboa Pier, ensuring endless amusement, dining, and shopping options for residents and visitors alike. Unleash your imagination with the array of opportunities this property presents. Whether you're an astute investor looking to generate rental income, a creative mind excited to remodel and upgrade the existing units, or a visionary ready to start anew with a new construction property, this opportunity is your canvas. Seize the chance to own a slice of coastal paradise with limitless potential. Welcome yourself home to 306/308 E Bay Avenue.

Listed by Summer Perry | BRE #01882790 | Compass
Co-listed by Jessica Holechek | BRE #01990301 | Compass
Last checked: 4 minutes ago | Last updated: November 30th, 2023 | Source CRMLS | DOM: 54

Home details

Lot Sq. Ft
2,178
HOA Dues
$0/mo
Year built
1917
Garage
--
Property Type:
Duplex
Status
Sold
MLS#
NP23146969
City
Newport Beach
County
Orange
Time on Site
262 days

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 308 E Bay Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Downstairs Bedrooms: 2
  • Downstairs Bathrooms: 2
  • Kitchen, Living Room, Main Floor Bedroom
Bathroom Information
  • # of Baths (Full): 3
Interior Features
  • Levels: One, Two
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 04810319
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Schools
School Information
  • Elementary School: Newport
  • Elementary School: NEWPOR
  • Middle/Junior High School: Ensign
  • Middle/Junior High School: ENSIGN
  • High School: Newport Harbor
  • High School: NEWHAR
  • High School District: Newport Mesa Unified
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: Cross streets are E Bay Avenue and Fernando Street
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 308 E Bay Ave

Last sold for $2,280,000 on November 29th, 2023

  • November, 2023

  • Nov 29, 2023

    Date

    Sold

    CRMLS: NP23146969

    $2,280,000

    Price

  • Aug 16, 2023

    Date

    Active

    CRMLS: NP23146969

    $2,295,000

    Price

  • April, 2023

  • Apr 6, 2023

    Date

    Sold

    CRMLS: OC22250657

    $2,100,000

    Price

  • Dec 5, 2022

    Date

    Active

    CRMLS: OC22250657

    $21,900,000

    Price

  • Listing provided courtesy of CRMLS

    This recently upgraded cottage nestled in the heart of the balboa peninsula ,offers two side-by-side units. The single-level home offers one bedroom and one bathroom with a vintage free-standing bath tub . The multilevel home provides two bedrooms and two bathrooms. The second floor features a spacious main suite with a full bathroom. A well-equipped private suite is located downstairs, with fully upgraded bathroom. The fire place in the family room makes the room very cozy. but Most importantly, the recent upgrades to the home were intended to modernize the living experience while preserving as much of the classic cottage charm as possible. The property is walking proximity to the iconic balboa ferry, and all the local beaches and restaurants. This is a perfect summer rental as it is steps away from the Balboa fun zone and boat ferry. Just at the end of the street is the public boat dock where pick up and drop off via boat is a breeze.

  • December, 2022

  • Dec 20, 2022

    Date

    Withdrawn

    CRMLS: OC22069291

    $3,600

    Price

  • Apr 12, 2022

    Date

    Active

    CRMLS: OC22069291

    $4,400

    Price

  • Listing provided courtesy of CRMLS

    THIS beautiful English cottage is walking distance to the pier in Balboa. it offers One bedroom one bath which sleeps 4. living room with a sofa bed .This Charming home is right by the Balboa Ferry and close to local harbor beaches! You will love strolling down Marine street for dinner, and enjoying all the wonderful things that Balboa island has to offer.

  • October, 2021

  • Oct 31, 2021

    Date

    Coming Soon

    CRMLS: OC21239392

    $2,100,000

    Price

  • Listing provided courtesy of CRMLS

    THE SUBJECT IS LOCATED IN THE CITY OF NEWPORT BEACH. THE NEIGHBORHOOD IS PRIMARILY COMPRISED OF SINGLE FAMILY RESIDENCES OF AVERAGE QUALITY AND APPEAL. MANY HOMES IN THE AREA HAVE BEEN ENLARGED, REMODELED, OR UPGRADED. SCHOOLS, PARKS, SHOPPING, AND COMMERCIAL FACILITIES ARE WITHIN CLOSE PROXIMITY.

  • June, 2019

  • Jun 28, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2018

  • Sep 21, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 308 E Bay Ave

Assessed Value (2020): $1,703,400
Year Land Value Improved Value Assessed Value
2020 $1,669,386 $34,014 $1,703,400

Home Value Compared to the Market

This property vs the competition

308 E Bay Ave sold on November 29, 2023 for 12.6% lower 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 $1791.57 per/sqft which puts the price per square foot 66.97% higher than the current median sale per square foot for the city of Newport Beach.

About 308 E Bay Ave

Detailed summary of property

308 E Bay Ave is a duplex that recently sold in Newport Beach, CA 92661. This duplex offered 3 bedrooms, 3 bathrooms, roughly 1,281 living square feet, and sits on an approximately 2,178 square foot lot. 308 E Bay Ave was first listed on ArdentRealEstateGroup.com on August 8, 2023. The homeowner sold the property for $2,280,000. 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 12.6% lower than the current median priced home. Local homes that are currently for sale include 353 Hamilton St, 150 Cecil Pl and 186 Del Mar Ave. While the average home in Newport Beach, CA is selling in 75 days, 308 E Bay Ave has a days on market of 54 days. There are currently 260 homes for sale in the Newport Beach real estate market and 192 of them are single family homes while 54 of them are condos and 14 are townhomes. For more information on this home for sale at 308 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 308 E Bay Ave

Public county record property details
Beds
1
Baths
1
Year built
1917
Sq. Ft.
321
Lot Size
1,999
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
80
APN
048-103-19

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
$11,100,000
Median Sold Price/Sq.Ft.
$2,775
Total Inventory
47
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%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 308 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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