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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.

Single Family ResidenceSold · Apr 25, 2024

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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$4,695,000

MLS# NP24044025

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 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

DateEventPriceNote
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.

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Selling near 127 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

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.

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