$1,700,000
2Beds2Baths1,120SqFt
600 E Oceanfront 1DNewport Beach, CA 92661Balboa Peninsula (Residential)
Sold
505 E Bay Avenue sold on August 24, 2018 for $1,675,000, 6.9% below the $1,799,900 asking price after 54 days on the market. The buyer financed the purchase. The details are below for reference.
505 E Bay Avenue, Newport Beach, CA 92661
- 3 beds
- 4 baths
- 1,800 sq ft
- 2,178 sq ft lot
- Built 2012
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$1,675,000
Subdivision Balboa Peninsula (Residential)
27 single-family homes sold in the past 12 months · median $7,300,000
The home
About 505 E Bay Avenue
Great Opportunity to live and invest steps from the beach. Live in the front & rent out the back or vise versa. Built from the ground up in 2012 this mini Mediterranean Villa with large roof top deck encompassing city lights and ocean views is ready for the most discerning buyer.
Two units with superior quality finishes, extensive travertine tile work throughout, gorgeous custom cabinetry, rich granite counter tops, exquisite craftsmanship makes this a must see !!! Front unit is 2 bedroom 2 1/2 bath. Master Suite includes a private balcony which leads to the roof top deck. Master Bath with double sink vanities. Back unit with the same quality finishes has 1 bedroom, 1 bath with a massive 160 sq. ft balcony for entertaining or just taking in the ocean breeze.
Fireplace, laundry, security system, pre-wired surround sound, 4 car attached garage parking (2 for the front unit, 2 for the rear unit). Garage parking leads directly into individual units. Award winning school district, popular destination for shopping and entertainment, minutes to Newport Center and Fashion Island. Identical unit next door, reverse floor plan is also for Sale each parcel is being offered at $1.799K Each parcel can easily be converted to VACATION RENTALS to increase income potential by submitting application/fees to the city of Newport Beach. Buyer to verify all information with the city for its intended or desired use.
Property details for 505 E 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 1,800 square feet of living space. The home was built in 2012. The MLS record lists the assessor parcel number as 048-115-15. Highlights include coastline and city lights views, a fireplace, an attached four-car garage, central air, and new construction.
Specifications
Home Details
General Features
- Property Type
- Single Family Residence
- MLS Number
- OC18098784
- Year Built
- 2012
- Living Area (sq ft)
- 1,800
- Lot Size (sq ft)
- 2,178
- Levels
- Two
- Bedrooms
- 3
- Full Baths
- 3
- Half Baths
- 1
- Garage Spaces
- 4
- Parking Spaces
- 4
- View
- City Lights, Coastline
- Parcel Number
- 04811515
- On Market Date
- 2018-04-28
- Listing Terms
- Standard
Interior Features
- Interior Features
- Multiple Staircases, All Bedrooms Up
- Appliances
- Dishwasher, Energy Star Qualified Appliances, Disposal, Gas Range, Microwave, Range Hood, Tankless Water Heater, Water To Refrigerator, Dryer, Washer
- Flooring
- Stone
- Heating
- Central
- Cooling
- Central Air
- Fireplace
- Living Room
- Main Level Bedrooms
- 3
- Main Level Bathrooms
- 3
- Common Walls
- No Common Walls
Exterior Features
- Architectural Style
- Custom
- Roof
- Tile
- Lot Features
- Two To Five Units Acre
- Patio and Porch
- Rooftop
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Sewer Available
- Units
- 1
Community Features
- Subdivision
- Balboa Peninsula (Residential) (BALP)
- Community Features
- Sidewalks
- Security
- Security System, Carbon Monoxide Detectors, Fire Detection System, Fire Sprinkler System, Smoke Detectors
The record
Property History for 505 E Bay Avenue
| Date | Event | Price | Note |
|---|---|---|---|
| Aug 24, 2018 | Sold | $1,675,000 | |
| Apr 28, 2018 | Listed for sale | $1,799,900 |
No prior MLS sales on record for this home since 2012.
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 505 E 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 06059C0382K 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 9 of 11 residential locations in this census block. Cable: Spectrum, up to 1,000 Mbps, at 7 of 11. Fixed wireless: GeoLinks, up to 1,000 Mbps, at 1 of 11.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590628003016, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 1.1 miles away (Tesla Destination, 2 Level 2 ports). 154 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
505 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 505 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
| 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 505 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 Betty Gulezyan of HomeSmart, Evergreen Realty
Listing information updated Apr 30, 2021 at 9:36 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.