Sold
127 E Bay Avenue sold on April 25, 2024 for $4,695,000, 9.6% below the $5,195,000 asking price after 275 days on the market, including an earlier listing. The buyer financed the purchase. The details are below for reference.

127 E Bay Avenue, Newport Beach, CA 92661
- 4 beds
- 5 baths
- 2,696 sq ft
- 2,607 sq ft lot
- Built 2023
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Subdivision Balboa Peninsula (Residential)
27 single-family homes sold in the past 12 months · median $7,300,000
The home
About 127 E Bay Avenue
Situated on a rare, 35' lot in a prime location, just a stone's throw from both the bay and the ocean, this custom-built residence stands as a testament to unmatched craftsmanship. A striking collaboration by Brian Olsin Design and Sepulveda Builders, the home exhibits a tasteful French modern exterior, effortlessly blending stone and smooth Santa Barbara stucco to forge an elegant façade. The swoon-worthy interiors, spanning approximately 2,695 square feet, are spread over three levels, comprising four bedrooms and four-and-a-half bathrooms. Upon stepping into the formal entry, you are welcomed into the open floorplan, where the warmth of oak hardwood flooring extends beneath your feet. Nestled within this layout is a cozy living room with a stone-surround fireplace and large glass doors offering direct access to the front porch - perfect for entertaining and taking in the ocean breezes. A chef's delight, the gourmet kitchen features top-of-the-line Thermador appliances, Carrara marble countertops, backlit shelving set against a stone backsplash, custom Shinnoki cabinetry, and an eat-in island beneath designer pendant lights. The second level houses the lavish fireplace-warmed primary suite characterized by dramatically vaulted ceilings, a private balcony, sitting room, and oversized walk-in closet complemented by a luxurious bathroom. This spa-inspired sanctuary hosts a sunken marble slab shower and Japanese soaking tub creating a haven of relaxation. Two additional en-suite bedrooms and a laundry room round out the second level. Crowning the residence is the fourth en-suite bedroom that opens onto a reinforced deck, engineered to accommodate a hot tub. This open-air space is enriched by a BBQ center, offering a peek-a-boo view of the ocean. Every aspect of this home, from the hardwood oak flooring to the wooden doors and trim, has been meticulously selected to exude sophistication and warmth. Other noteworthy details include a commercial-grade elevator servicing all three levels, a two-car attached garage supplemented by additional parking space for guests, outdoor shower, Western windows and doors throughout, seller-owned solar, and Sonos home system.
Property details for 127 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 2,696 square feet of living space on a 2,607-square-foot lot. The home was built in 2023. The MLS record lists the assessor parcel number as 048-072-22. Highlights include peek-a-boo ocean views, a fireplace, an attached two-car garage, central air, and new construction.
Specifications
Home Details
General Features
- Property Type
- Single Family Residence
- MLS Number
- NP24044025
- Year Built
- 2023
- Living Area (sq ft)
- 2,696
- Living Area Source
- Plans
- Lot Size (sq ft)
- 2,607
- Lot Size (acres)
- 0.0598
- Levels
- Three Or More
- Bedrooms
- 4
- Full Baths
- 1
- Half Baths
- 1
- Garage Spaces
- 2
- Parking Spaces
- 2
- View
- Neighborhood, Ocean, Peek A Boo
- Parcel Number
- 04807222
- On Market Date
- 2024-03-04
- Listing Terms
- Standard
Interior Features
- Interior Features
- Built In Features, Balcony, Separate Formal Dining Room, Elevator, Stone Counters, Recessed Lighting, All Bedrooms Up, Walk In Closets
- Appliances
- Dishwasher, Freezer, Gas Cooktop, Gas Oven, Microwave, Refrigerator, Range Hood
- Flooring
- Wood
- Heating
- Central
- Cooling
- Central Air
- Fireplace
- Living Room, Primary Bedroom
- Laundry
- Inside, Laundry Room, Upper Level
- Main Level Bathrooms
- 1
- Entry Level
- 1
- Common Walls
- No Common Walls
- Windows
- Custom Coverings
Exterior Features
- Architectural Style
- Custom
- Exterior Features
- Barbecue, Lighting
- Construction
- Stucco
- Lot Features
- Zero To One Unit Acre
- Patio and Porch
- Deck, Front Porch, Rooftop
- Parking
- Direct Access, Garage, Garage Faces Rear
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Condition
- Turnkey
- Units
- 1
Community Features
- Subdivision
- Balboa Peninsula (Residential) (BALP)
- Community Features
- Sidewalks
The record
Property History for 127 E Bay Avenue
| Date | Event | Price | Note |
|---|---|---|---|
| Apr 25, 2024 | Sold | $4,695,000 | |
| Apr 10, 2024 | Status changed to Pending | From Active Under Contract | |
| Mar 22, 2024 | Status changed to Active Under Contract | From Active | |
| Mar 4, 2024 | Relisted | $5,195,000 | |
| Jul 24, 2020 | Sold | $1,700,000 | Coldwell Banker Realty |
Next steps
Looking for something similar
127 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.
Selling near 127 E Bay Avenue
Thinking of selling nearby? We bring current Balboa Peninsula (Residential) sales data and a clear pricing strategy to every listing, backed by more than 700 closed sales and over $1B in Orange County volume. Start with a free home valuation, or reach out to talk through your options.
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
| Address | Closed | Price | Sq ft | Per sq ft | Days 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 |
See homes for sale in Balboa Peninsula Newport Beach housing market
Schools
School District for 127 E Bay Avenue
As listed in the MLS record. Confirm attendance boundaries with the school district.
The MLS record lists the school district as Newport Mesa Unified.
Living in Newport Beach covers its schools, parks and beaches.
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Listed by Tim Smith of Coldwell Banker Realty
Listing information updated Jul 25, 2024 at 11:43 AM PT. Source: CRMLS.
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. The 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, the 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.






