Sold
1027 W Bay Ave sold on June 18, 2024 for $4,950,000, 9.9% below the $5,495,000 asking price after 251 days on the market, including an earlier listing; it was first listed at $5,995,000. The buyer paid cash. The details are below for reference.
1027 W Bay Ave, Newport Beach, CA 92663
- 3 beds
- 5 baths
- 2,964 sq ft
- 4,498 sq ft lot
- Built 2023
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$4,950,000
Subdivision Balboa Peninsula (Residential)
28 single-family homes sold in the past 12 months · median $7,112,500
The home
About 1027 W Bay Ave
House A: Welcome to paradise on the peninsula nestled within the exclusive confines of Newport Beach. This home is an architectural masterpiece that captures the essence of the Tulum ambiance. Spanning an impressive 2,964 sqft of livable elegance, this stunning condo offers three spacious bedrooms with an option to transform the chic loft into a fourth sanctuary with an attached bath. Experience the luxury of an expansive deck boasting 981sqft, perfectly positioned for breathtaking bay and ocean views. Every detail is meticulously crafted to enhance your living experience. Revel in the warmth of the indoor-outdoor linear fireplace, or the culinary perfection of a chef's kitchen decked out in top-tier Dacor Appliances. A grand master suite welcomes you with a lavish bath, an oversized walk-in closet, and uninterrupted bay views, awakening the serenity in you. Experience the epitome of indoor-outdoor living with the majestic Fleetwood sliders that seamlessly lead you from the kitchen to a front patio adorned with bay scenes. Plus, a rooftop deck that becomes your personal sanctuary for sunsets and starry nights. Experience life at Newport Beach's finest – a corner lot on West Bay Ave, undeniably the most serene and private street on the peninsula. Located in the perfect nexus between the beach, bay, fun zone, and countless amenities, resort living is not a promise; it's a daily reality. Revel in unparalleled natural light, modern comforts like zoned central air, and an atmosphere that's forever vacation-esque. Come home to more than just a residence; it's a life of luxury and tranquility. House B is also available.
Property details for 1027 W Bay Ave
This 3-bedroom, 5-bath single-family home sits in the Balboa Peninsula (Residential) neighborhood of Newport Beach in Orange County. It has 2,964 square feet of living space on a 4,498-square-foot lot. The home was built in 2023. The MLS record lists the assessor parcel number as 047-264-01. Highlights include ocean and coastline views, a fireplace, an attached two-car garage, central air, new construction, and contemporary architecture.
Specifications
Home Details
General Features
- Property Type
- Single Family Residence
- MLS Number
- OC24021572
- Year Built
- 2023
- Living Area (sq ft)
- 2,964
- Lot Size (sq ft)
- 4,498
- Lot Size (acres)
- 0.1033
- Levels
- Three Or More
- Bedrooms
- 3
- Full Baths
- 4
- Half Baths
- 1
- Garage Spaces
- 2
- Parking Spaces
- 2
- View
- Bay, Catalina, City Lights, Coastline, Harbor, Hills, Marina, Ocean, Water
- Parcel Number
- 04726401
- On Market Date
- 2024-01-31
- Listing Terms
- Standard
Interior Features
- Interior Features
- Balcony, Block Walls, Dry Bar, Separate Formal Dining Room, Eat In Kitchen, Granite Counters, Living Room Deck Attached, Open Floorplan, Pantry, Quartz Counters, Stone Counters, Storage, Track Lighting, Wired For Data, Wired For Sound, All Bedrooms Up, Attic, Primary Suite, Walk In Pantry, Walk In Closets
- Appliances
- Six Burner Stove, Built In Range, Barbecue, Convection Oven, Double Oven, Dishwasher, Gas Cooktop, Gas Oven, Gas Range, High Efficiency Water Heater, Hot Water Circulator, Refrigerator, Range Hood, Self Cleaning Oven, Tankless Water Heater, Vented Exhaust Fan
- Flooring
- Stone, Tile, Wood
- Heating
- Central, Heat Pump, Zoned
- Cooling
- Central Air, Dual, Electric, Zoned
- Fireplace
- Circulating, Gas, Living Room
- Laundry
- Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Room
- Main Level Bathrooms
- 1
- Entry Level
- 1
- Common Walls
- No Common Walls
- Windows
- Skylights
- Accessibility
- Accessible Doors, Accessible Hallways
Exterior Features
- Architectural Style
- Contemporary, Modern
- Roof
- Metal
- Construction
- Board And Batten Siding, Drywall, Hardiplank Type, Metal Siding, Spray Foam Insulation, Wood Siding
- Lot Features
- Corner Lot
- Patio and Porch
- Concrete, Covered, Deck, Front Porch, Porch, Rooftop
- Parking
- Garage
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
- Units
- 1
Community Features
- Subdivision
- Balboa Peninsula (Residential) (BALP)
- Community Features
- Curbs
- Security
- Carbon Monoxide Detectors, Smoke Detectors
The record
Property History for 1027 W Bay Ave
| Date | Event | Price | Note |
|---|---|---|---|
| Jun 18, 2024 | Sold | $4,950,000 | |
| Jun 10, 2024 | Status changed to Pending | From Active | |
| Apr 1, 2024 | Price reduced | $5,495,000 | From $5,995,000 |
| Jan 31, 2024 | Relisted | $5,995,000 |
Next steps
Looking for something similar
1027 W Bay Ave 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 1027 W Bay Ave
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
- 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 1, 2025 to Nov 1, 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 1027 W Bay Ave
As listed in the MLS record. Confirm attendance boundaries with the school district.
- Elementary
- Newport Heights
- Middle
- Ensign
- High
- Newport Harbor
- District
- Newport Mesa Unified
Living in Newport Beach covers its schools, parks and beaches.
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Listed by Troy Seeber of Compass
Listing information updated Jun 20, 2024 at 8:25 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.