4
Bedrooms
Sold for $4,650,000 · Jul 2024
SOLDListed at $4,825,000
Newport Beach, CA
MLS# LG24080236
Victoria Lee
Listing Agent
Compass
DRE #: 00664250
Brokerage: Compass
4
Bedrooms
5
Bathrooms
2,620 sqft
Square Feet
2022
Year Built
2,400 sqft
Lot Size
$1,775
Price/Sq Ft
2
Garage Spaces
N/A
HOA
Single Family Home
Property Type
Lifelong Summer memories start in your new home by the sea on the famed Balboa Peninsula! This 4 Bedroom, 5 Bath home has been carefully designed to take advantage of the Coastal lifestyle. The main level is replete with an airy, light-filled living area, a cozy fireplace, dining area and bar seating at the active island. The chef's dream kitchen is equipped with a Thermador appliance suite, a stainless farmhouse sink, warm light wood cabinets and a large walk-in pantry. A dutch door welcomes guests and stacking glass doors extend the main level to the front patio surrounded by lush planting. The home boasts an elevator serving all three levels including the spacious wrap around roof deck featuring views of the blue Pacific, The Pavilion, Fashion Island and the hills. The second floor is home to 3 bedrooms, a family room and a convenient laundry room. The sleek primary suite includes a private balcony, spacious walk-in closet and a luxurious spa bathroom with dual vanities, a large soaking tub, oversized walk-in shower clad in marble and encased in glass doors, custom wood cabinetry with marble countertops. The 4th bedroom is on the third floor with a private patio leading to the wrap around deck with both covered and open lounging areas. The ground floor features direct access to the two car garage and a deluxe beach shower. Ideally located, just steps from the bay and miles of Newport's pristine beaches and bike trails, the famous Balboa Island Ferry, shops and restaurants.
Listing description from the July 2024 sale, as reported to CRMLS.
Location not available for this listing.
2 recorded sales
317 E Bay Avenue sold for $4,650,000 in July 2024, 3.6% under its $4,825,000 list price, after 57 days on the market. That works out to $1,775 per square foot on 2,620 square feet. Across 39 closed sales in 92661 over the last 12 months, the median sold price is $4,921,000 and the median is $2,343 per square foot, 32% above this sale's $1,775. 4-bedroom rentals in 92661 currently list at a median of $20,000 a month (21 listings).
| Quarter | Closed sales in 92661 | Median sold price |
|---|---|---|
| Q1 2026 | 4 | $5,350,000 |
| Q2 2026 | 15 | $6,700,000 |
| Q3 2026 | 16 | $4,400,000 |
| Q4 2026 | 4 | $4,885,500 |
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 92661
Closed sales reported in 92661, newest first, last 12 months. All recent sales in Newport Beach →
317 E Bay Avenue
Contact Victoria Lee
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Contact Listing Agent
Compass
DRE #00664250
Contact information is not available for this listing.