$14,299,000
4Beds6Baths3,341SqFt
928 E Balboa BoulevardNewport Beach, CA 92661Balboa Peninsula (Residential)
Sold
1240 W Bay Avenue sold on April 28, 2025 for $15,550,000, 4.3% below the $16,250,000 asking price after 1 day on the market. The buyer paid cash. The details are below for reference.
1240 W Bay Avenue, Newport Beach, CA 92661
- 3 beds
- 4 baths
- 3,196 sq ft
- 5,136 sq ft lot
- Built 1994
Own 1240 W Bay Avenue? Request a free home valuation to see what it is worth today.
$15,550,000
Subdivision Balboa Peninsula (Residential)
28 single-family homes sold in the past 12 months · median $7,112,500
The home
About 1240 W Bay Avenue
Nestled on an oversized, 48’ wide corner lot along the prestigious Balboa Peninsula, this exceptional bayfront home offers unparalleled waterfront living with breathtaking views of Newport Harbor. This highly desirable residence features a private dock and a stunning pier with a rare covered gazebo, perfect for Al fresco dining. The thoughtfully designed 3-bedroom, 4-bathroom home is bathed in natural light from skylights throughout, enhancing its airy and inviting ambiance. The luxurious master suite boasts panoramic harbor views, a private deck, a cozy seating area, and a spa-like en suite bathroom. Two additional bedrooms each have access to the back deck with a charming peek-a-boo ocean view. The beautifully appointed kitchen overlooks the bay and living room - which features a fireplace, as well as sliding doors opening out to the expansive front patio, ideal for seamless indoor-outdoor living. Completing this remarkable home is a den with a wet bar, small basement, and a spacious 3-car attached garage. Just steps to the sand and all of the activities, fine dining, and attractions Newport Beach has to offer - this is the perfect blend of elegance, comfort, and prime waterfront living.
Property details for 1240 W Bay Avenue
This 3-bedroom, 4-bath single-family home sits in the Balboa Peninsula (Residential) neighborhood of Newport Beach in Orange County. It has 3,196 square feet of living space on a 5,136-square-foot lot. The home was built in 1994. The MLS record lists the assessor parcel number as 047-232-01. Highlights include bay and pier views, bay frontage, a fireplace, and an attached three-car garage.
Specifications
Home Details
General Features
- Property Type
- Single Family Residence
- MLS Number
- NP25060307
- Year Built
- 1994
- Living Area (sq ft)
- 3,196
- Living Area Source
- Assessor
- Lot Size (sq ft)
- 5,136
- Lot Size (acres)
- 0.1179
- Levels
- Two
- Bedrooms
- 3
- Full Baths
- 2
- Garage Spaces
- 3
- Parking Spaces
- 3
- View
- Bay, City Lights, Pier
- Parcel Number
- 04723201
- On Market Date
- 2025-03-26
- Listing Terms
- Standard
Interior Features
- Interior Features
- Wet Bar, Balcony, Ceiling Fans, Separate Formal Dining Room, Open Floorplan, Bar, All Bedrooms Up, Atrium, Walk In Closets
- Appliances
- Built In Range, Double Oven, Dishwasher, Freezer, Disposal, Gas Range, Microwave, Refrigerator
- Flooring
- Carpet, Tile
- Heating
- Fireplaces
- Cooling
- None
- Fireplace
- Gas, Living Room
- Laundry
- Washer Hookup, Gas Dryer Hookup, In Garage
- Main Level Bathrooms
- 1
- Entry Level
- 1
- Common Walls
- No Common Walls
- Windows
- Bay Windows
- Accessibility
- Safe Emergency Egress From Home
Exterior Features
- Exterior Features
- Dock
- Roof
- Clay, Tile
- Lot Features
- Zero To One Unit Acre, Corner Lot, Landscaped
- Patio and Porch
- Concrete, Deck, Patio
- Parking
- Door Multi, Direct Access, Garage, Garage Faces Rear
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 1
Community Features
- Subdivision
- Balboa Peninsula (Residential) (BALP)
- Community Features
- Biking, Curbs, Fishing, Sidewalks, Water Sports
The record
Property History for 1240 W Bay Avenue
| Date | Event | Price | Note |
|---|---|---|---|
| Apr 28, 2025 | Sold | $15,550,000 | |
| Apr 9, 2025 | Status changed to Pending | From Active | |
| Mar 26, 2025 | Listed for sale | $16,250,000 |
No prior MLS sales on record for this home since 2012.
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 1240 W Bay Avenue
We looked up this home's map point in public government maps. These facts are not part of the MLS listing.
Hazard zones
- Flood zone
Zone X, 0.2 percent annual chance flood hazard. Outside FEMA's Special Flood Hazard Area.
FEMA National Flood Hazard Layer, FIRM panel 06059C0381K effective March 21, 2019. Checked October 15, 2026.
- Fire hazard severity zone
Not in a fire hazard severity zone on the State Fire Marshal's map.
CAL FIRE, State Fire Marshal map for Local Responsibility Areas, March 24, 2025. Checked October 15, 2026.
- Earthquake fault zone
Outside the Alquist-Priolo Earthquake Fault Zones.
California Geological Survey, Earthquake Fault Zones map, Newport Beach quadrangle, released July 1, 1986. Checked October 15, 2026.
- Liquefaction zone
Inside a Seismic Hazard Zone for liquefaction.
California Geological Survey, Seismic Hazard Zones map, Newport Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Landslide zone
Outside the earthquake-induced landslide zones.
California Geological Survey, Seismic Hazard Zones map, Newport Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Tsunami hazard area
Inside the Tsunami Hazard Area on the State's evacuation planning map.
California Geological Survey and Cal OES, Tsunami Hazard Area map for Orange County (2021). Checked October 15, 2026.
Internet and charging
- Fixed internet
Fiber: AT&T, up to 5,000 Mbps, at 29 of 30 residential locations in this census block. Cable: Spectrum, up to 1,000 Mbps, at 30 of 30. Fixed wireless: Verizon, up to 300 Mbps, at 30 of 30.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590628002010, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 0.3 miles away (ChargePoint, 2 Level 2 ports). 166 public charging ports within 3 miles.
U.S. Department of Energy, Alternative Fuels Data Center. Straight-line distance. Checked October 15, 2026.
These facts are for the listing's map point, which can sit off the lot. A zone line can also cross a lot, and agencies revise their maps. In cities, the fire zone line follows the State Fire Marshal's 2025 map; each city adopts its own map and may add areas. These lines are not a Natural Hazard Disclosure. Check the official maps and the seller's disclosures before you rely on them. Sources for the earthquake zone lines: Reproduced with permission, California Geological Survey, Webservice of Official Maps of Alquist-Priolo Earthquake Fault Zones (2025). Reproduced with permission, California Geological Survey, Webservice of Official Maps of Seismic Hazard Zones (2025).
Official maps
Next steps
Looking for something similar
1240 W 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 1240 W 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
- 28
- Median price
- $7,112,500
- Median days on market
- 36
- Median per sq ft
- $2,558
Recorded MLS closings of single-family homes, Nov 2, 2025 to Nov 2, 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
Schools for 1240 W Bay Avenue
As listed in the MLS record. Confirm attendance boundaries with the school district.
- High
- Newport Harbor
- District
- Newport Mesa Unified
Living in Newport Beach covers its schools, parks and beaches.
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Listed by Kimberly Bibb of Pacific Sotheby's Int'l Realty
Listing information updated Apr 28, 2025 at 4:15 PM 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.