Single-family home
Listing Agent: Marlys Vasterling (DRE #00889533) · Listing Office: Lora Vance, Realtor · Contact: marlys@loravance.com · Bought with: Pat Patterson · Pat Patterson Realty Inc. · MLS #NP26045210 · Source: CRMLS
1207 N Bay Front sold for $7,250,000 in October 2026, 3.3% under its $7,500,000 list price, after 128 days on the market. That works out to $7,308 per square foot on 992 square feet. Across 30 closed sales in 92662 over the last 12 months, the median sold price is $4,117,500 and the median is $2,239 per square foot, 69% below this sale's $7,308. 2-bedroom rentals in 92662 currently list at a median of $4,750 a month (3 listings).
| Quarter | Closed sales in 92662 | Median sold price |
|---|---|---|
| Q1 2026 | 2 | $5,450,000 |
| Q2 2026 | 10 | $5,355,000 |
| Q3 2026 | 16 | $3,618,355 |
| Q4 2026 | 2 | $5,115,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Newport Beach · Homes for sale in 92662
A rare opportunity awaits on Balboa Island’s coveted North Bayfront — an iconic waterfront residence paired with its own private dock directly in front of the home. With a finger slip, two side ties, and generous dock space, it easily accommodates a sailboat/power boat, and Duffy, with flexibility to reconfigure the float to suit your ideal boating lifestyle. Some homes don’t just sit on the water—they hold stories, memories, and generations of joy. This beloved Balboa Island waterfront residence, cherished by the same family for more than 80 years, is one of those rare places. Built in 1912 and lovingly expanded in the 1920s, it carries the soul of the Island’s early days while offering a front row connection to the harbor that defines life here. Today, it stands as a meaningful piece of local history — and an extraordinary canvas for its next chapter. Perfectly positioned in the desirable 1200 block of North Bayfront, with direct access to the beach, embrace the gentle, sandy shoreline perfect for swimming and family fun. This home is just moments from the Village, where charming boutiques, cafés, and celebrated dining create a warm, walkable, and welcoming community. From your own patio, watch the magic of the Christmas Boat Parade drift by, or set off for a spontaneous trip to Catalina. Centrally located near world class shopping, performing arts venues, and top medical institutions such as Hoag Hospital, City of Hope, and the new UCI Medical Center, this home blends coastal charm with everyday convenience. Whether you envision embracing full time island living, creating a cherished vacation retreat, or building a spectacular new custom residence, this property offers an unparalleled chance to own and preserve a significant piece of Balboa Island history. This home is more than a property, it’s a chance to continue a legacy, to build new memories, and to shape the next chapter of a place that has meant so much to so many. The possibilities are truly exceptional. (Video shown is AI generated to illustrate potential future concepts.)
Listing description from the October 2026 sale, as reported to CRMLS.
Closed sales reported in 92662, nearest first, last 12 months. All recent sales in Newport Beach →