$3,999,800
7Beds5Baths2,371SqFt
1320 W Balboa BoulevardNewport Beach, CA 92661Balboa Peninsula (Residential)
428 E Bay Avenue, Newport Beach, CA 92661
- 3 beds
- 5 baths
- 2,595 sq ft
- 2,165 sq ft lot
- Built 1997
$3,895,000
Subdivision Balboa Peninsula (Residential)
29 single-family homes sold in the past 12 months · median $6,925,000
The home
About 428 E Bay Avenue
Welcome to 428 E Bay Avenue, a quintessential coastal retreat ideally located just one home from the bay and two blocks from the ocean and boardwalk in the heart of the Balboa Peninsula, moments from the Balboa Pier, ferry, and Fun Zone. With timeless beach cottage charm and classic coastal appeal, this move-in ready residence offers an effortless blend of style and functionality, featuring a light-filled great room, open-concept kitchen, and powder bath on the main level, while upstairs three spacious bedrooms each enjoy ensuite bathrooms for ultimate comfort and privacy. The rooftop deck captures refreshing bay breezes, passing boats, and city lights into the evening—perfect for embracing the vibrant Peninsula lifestyle year-round—while a bonus room with an additional bathroom provides flexible space for guests, a home office, or secondary living area. Complete with a versatile garage for parking, storage, bikes, and beach essentials, this is a rare opportunity to own a turnkey home in one of Newport Beach’s most iconic and sought-after beachside locations.
Property details for 428 E Bay Avenue
This 3-bedroom, 5-bath single-family home sits in the Balboa Peninsula (Residential) neighborhood of Newport Beach in Orange County. It offers 2,595 square feet of living space and is listed at $3,895,000, about $1,501 per square foot. The home was built in 1997. The MLS record lists the assessor parcel number as 048-111-26. Highlights include peek-a-boo bay views, a fireplace, an attached two-car garage, a 2,165-square-foot lot, an updated home, and Cape Cod architecture. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.
Specifications
Home Details
At a glance
- Price
- $3,895,000
- Days On Site
- 93 Days
- Bedrooms
- 3
- Inside Area (SqFt)
- 2,595 sqft
- Total Baths
- 5
- Full Baths
- 4
- Partial Baths
- 1
- Lot Size
- 2,165 SqFt
- Year Built
- 1997
- MLS® Number
- NP26143084
- Status
- Active
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Assessor
General Features
- Property Type
- Single Family Residence
- MLS Number
- NP26143084
- Year Built
- 1997
- Living Area (sq ft)
- 2,595
- Living Area Source
- Assessor
- Lot Size (sq ft)
- 2,164
- Lot Size (acres)
- 0.0497
- Levels
- Three Or More
- Bedrooms
- 3
- Full Baths
- 4
- Half Baths
- 1
- Garage Spaces
- 2
- Parking Spaces
- 2
- View
- Bay, Peek A Boo
- Parcel Number
- 04811126
- On Market Date
- 2026-07-01
- Listing Terms
- Standard
Interior Features
- Interior Features
- Breakfast Bar, Ceiling Fans, Open Floorplan, Pantry, Storage, All Bedrooms Up, Galley Kitchen
- Appliances
- Built In Range, Dishwasher, Freezer, Disposal, Gas Range, Microwave, Refrigerator
- Flooring
- Carpet, Laminate
- Heating
- Central
- Cooling
- None
- Fireplace
- Living Room, Primary Bedroom
- Laundry
- In Garage
- Main Level Bathrooms
- 1
- Entry Level
- 1
- Common Walls
- No Common Walls
- Windows
- Blinds, Shutters
- Accessibility
- Safe Emergency Egress From Home, Parking
- Rooms
- Primary Bedroom, Bathroom, Kitchen, Bonus Room, Bedroom, Living Room, Primary Bathroom
Exterior Features
- Architectural Style
- Cape Cod
- Lot Features
- Level, Near Park, Rectangular Lot
- Patio and Porch
- Rooftop
- Parking
- Direct Access, Garage, Garage Faces Rear
- Fencing
- Wood
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Condition
- Updated Remodeled
- Faces
- East
- Units
- 1
Community Features
- Subdivision
- Balboa Peninsula (Residential) (BALP)
- Community Features
- Biking, Curbs, Fishing, Gutters, Sidewalks, Water Sports, Park
The record
Property History for 428 E Bay Avenue
| Date | Event | Price | Note |
|---|---|---|---|
| Sep 29, 2026 | Price reduced | $3,895,000 | From $4,150,000 |
| Jul 1, 2026 | Listed for sale | $4,150,000 |
Price and status changes recorded since Sep 26, 2026.
No prior MLS sales on record for this home since 2012.
Cost of ownership
Estimated monthly payment
7.03% · 30-yr fixed$
$29,496/mo
10% down · 30-year fixed · $389,500 down
Principal & interest$23,393
Mortgage insurance (est., over 80% LTV)$1,461
Property tax (est. 1.08%)$3,506
Home insurance (rough est., varies widely)$1,136
HOANot reported, not included
$25,436/mo
20% down · 30-year fixed · $779,000 down
Principal & interest$20,794
Property tax (est. 1.08%)$3,506
Home insurance (rough est., varies widely)$1,136
HOANot reported, not included
$22,836/mo
30% down · 30-year fixed · $1,168,500 down
Principal & interest$18,194
Property tax (est. 1.08%)$3,506
Home insurance (rough est., varies widely)$1,136
HOANot reported, not included
Estimated carrying cost
$4,642/mo
All cash · taxes and insurance only
Principal & interestNone (cash purchase)
Property tax (est. 1.08%)$3,506
Home insurance (rough est., varies widely)$1,136
HOANot reported, not included
Estimate only, not a loan offer or quote. Principal and interest use the Freddie Mac 30-year fixed average of 7.03% (week of Sep 24, 2026); your rate will differ. A loan this size is typically a jumbo loan, which prices differently. Tax and insurance are modelled, not billed amounts; tax uses a typical Newport Beach rate, excluding Mello-Roos. Verify all figures. Full assumptions and disclosures.
Next steps
Buying 428 E Bay Avenue
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Selling near 428 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
- 29
- Median price
- $6,925,000
- Median days on market
- 43
- Median per sq ft
- $2,616
Recorded MLS closings of single-family homes, Sep 25, 2025 to Sep 25, 2026. Days on market run from listing to going under contract.
Price per square foot against recent Balboa Peninsula (Residential) sales
At $1,501 per square foot, this home's asking price is 43% below the Balboa Peninsula (Residential) median of $2,616 for single-family homes that closed in the past 12 months.
Recent Balboa Peninsula (Residential) sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 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 |
| 6704 W Oceanfront | Sep 2, 2026 | $8,400,000 | 2,640 | $3,182 | 91 |
| 524 W Oceanfront | Sep 1, 2026 | $13,650,000 | 6,249 | $2,184 | 78 |
| 1589 E Ocean Boulevard | Aug 18, 2026 | $4,000,000 | 3,052 | $1,311 | 11 |
Schools
School District for 428 E Bay Avenue
As listed in the MLS record. Confirm attendance boundaries with the school district.
The MLS record lists the Newport Mesa Unified.
Living in Newport Beach covers its schools, parks and beaches.
Location
Location
Photographs
Photos of 428 E Bay Avenue, Newport Beach
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Listed by Kimberly Bibb of Pacific Sotheby's Int'l Realty
Listing information updated Sep 29, 2026 at 11:17 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.