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Sold

317 E Bay Avenue sold on July 3, 2024 for $4,650,000, 3.6% below the $4,825,000 asking price after 57 days on the market. The buyer paid cash. The details are below for reference.

Single Family ResidenceSold · Jul 3, 2024

317 E Bay Avenue, Newport Beach, CA 92661

  • 4 beds
  • 5 baths
  • 2,620 sq ft
  • 2,400 sq ft lot
  • Built 2022

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$4,650,000

MLS# LG24080236

Subdivision Balboa Peninsula (Residential)

27 single-family homes sold in the past 12 months · median $7,300,000

See homes for sale in Balboa Peninsula

The home

About 317 E Bay Avenue

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.

Property details for 317 E Bay Avenue

This 4-bedroom, 5-bath single-family home sits in the Balboa Peninsula (Residential) neighborhood of Newport Beach in Orange County. It has 2,620 square feet of living space on a 2,400-square-foot lot. The home was built in 2022. The MLS record lists the assessor parcel number as 048-092-30. Highlights include ocean and city lights views, a fireplace, an attached two-car garage, and central air.

Specifications

Home Details

General Features

Property Type
Single Family Residence
MLS Number
LG24080236
Year Built
2022
Living Area (sq ft)
2,620
Lot Size (sq ft)
2,400
Lot Size (acres)
0.0551
Levels
Three Or More
Bedrooms
4
Full Baths
4
Garage Spaces
2
Parking Spaces
2
View
City Lights, Neighborhood, Ocean, Water
Parcel Number
04809230
On Market Date
2024-05-03
Zoning
R2
Listing Terms
Standard

Interior Features

Interior Features
Breakfast Bar, Built In Features, Balcony, Elevator, Open Floorplan, Pantry, Stone Counters, See Remarks, Entrance Foyer, Primary Suite, Walk In Pantry, Walk In Closets
Appliances
Six Burner Stove, Built In Range, Dishwasher, Gas Cooktop, Disposal, Microwave, Refrigerator, Self Cleaning Oven, Tankless Water Heater
Flooring
Stone, Wood
Heating
Forced Air
Cooling
Central Air
Fireplace
Gas Starter, Living Room
Laundry
Gas Dryer Hookup, Inside, Laundry Room, Upper Level
Main Level Bathrooms
1
Entry Level
1
Common Walls
No Common Walls
Windows
Double Pane Windows
Accessibility
None

Exterior Features

Architectural Style
See Remarks
Exterior Features
Lighting, Rain Gutters
Construction
Stucco
Foundation
Raised, Slab
Lot Features
Corner Lot, Drip Irrigation Bubblers, Rectangular Lot
Patio and Porch
Covered, Deck, Front Porch, Open, Patio, Rooftop, See Remarks, Terrace
Parking
Direct Access, Door Single, Garage, Garage Door Opener, Garage Faces Rear
Fencing
Vinyl
Pool Features
None
Spa
None
Sewer
Public Sewer, Sewer Tap Paid
Water
Public
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Faces
North
Units
1

Community Features

Subdivision
Balboa Peninsula (Residential) (BALP)
Community Features
Biking, Curbs, Fishing, Gutters, Storm Drains, Street Lights, Suburban, Sidewalks, Water Sports
Security
Security System, Smoke Detectors

The record

Property History for 317 E Bay Avenue

DateEventPriceNote
Jul 3, 2024 Sold $4,650,000
Jul 3, 2024 Status changed to Pending From Active Under Contract
Jul 2, 2024 Status changed to Active Under Contract From Active
May 3, 2024 Status changed to Active From Coming Soon
May 3, 2024 Listed for sale $4,825,000

Next steps

Looking for something similar

317 E Bay Avenue is no longer on the market, but comparable homes come up in Newport Beach regularly. We can tell you what this one actually closed at and set up alerts for listings that match it.

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Selling near 317 E Bay Avenue

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The neighborhood

About Newport Beach

Set along the Pacific in Orange County, Newport Beach surrounds Newport Harbor, where Balboa Island, Lido Isle, and the Balboa Peninsula frame one of California's largest recreational harbors. The city stretches from the Balboa and Newport piers to Corona del Mar and Fashion Island, within the Newport-Mesa Unified School District.

Balboa Peninsula (Residential) home sales, past 12 months

Homes sold
27
Median price
$7,300,000
Median days on market
35
Median per sq ft
$2,501

Recorded MLS closings of single-family homes, Nov 4, 2025 to Nov 4, 2026. Days on market run from listing to going under contract.

Recent Balboa Peninsula (Residential) sales

AddressClosedPriceSq ftPer sq ftDays on market
1123 E Balboa Oct 25, 2026 $10,900,000 2,851 $3,823 36
915 W Bay Avenue Oct 19, 2026 $4,921,000 2,270 $2,168 3
3603 Lake Avenue Oct 5, 2026 $4,550,000 2,200 $2,068 0
1440 W Bay Avenue Sep 9, 2026 $9,125,000 3,264 $2,796 0
3601 Lake Avenue Sep 4, 2026 $4,500,000 2,200 $2,045 7

Schools

Schools for 317 E Bay Avenue

As listed in the MLS record. Confirm attendance boundaries with the school district.

Elementary
Newport
Middle
Horace Ensign
High
Newport Harbor
District
Newport Mesa Unified

Living in Newport Beach covers its schools, parks and beaches.

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Listed by Victoria Lee of Compass

Listing information updated Jul 5, 2024 at 2:11 PM PT. Source: CRMLS.

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