1407 N Bay Front E, Newport Beach, California 92662, Newport Beach, - bed, bath

home-pic
ACTIVE$9,475,000
1407 N Bay Front E, Newport Beach, California 92662
4Beds
4Baths
2,003Sqft
3,825Lot
Year Built
1951
Close
-
List price
$9.47M
Original List price
$10.8M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC24082045
Home ConditionTear down
Features
Excellent View: Bay, Harbor, Marina, Water
Patio
ViewBay, Harbor, Marina, Water

About this home

This rare lot and a half on Balboa Island offers 45 feet of Newport Harbor bayfront frontage and a private dock with room for multiple boats. The oversized property provides the opportunity to design a custom 4,000+ sq. ft. waterfront estate with expansive outdoor living, rooftop deck potential, and panoramic harbor views. Just steps from Marine Avenue shops and dining, it’s one of the most exclusive Balboa Island bayfront properties available today. The private multi-craft dock provides direct access to boating, paddle boarding, and waterfront dining throughout Newport Harbor. Just steps from Marine Avenue’s shops, cafés, and restaurants, the property offers both convenience and privacy, blending the best of island charm with the joys of Southern California waterfront living. Don’t miss this unique opportunity to create your own bay front legacy home.

Price History

Date
Event
Price
08/30/25
Price Change
$9,475,000
06/20/24
Listing
$10,800,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (4 Listings)
Beds44
50%
Baths44
50%
Square foot2,0032,003
50%
Lot Size3,8252,550
80%
Price$9.47M$4.35M
80%
Price per square foot$4,730$2,302
80%
Built year19511951
50%
HOA
Days on market503252
80%
Condition Rating
Tear down

Built in 1951, the property's description and images strongly indicate that its value lies in the 'lot and a half' and bayfront location for redevelopment. The listing explicitly highlights the 'opportunity to design a custom 4,000+ sq. ft. waterfront estate' and includes renderings of a new build, implying the existing structure is not the primary asset. The few interior photos show a very dated, unrenovated style, and the absence of kitchen and bathroom images suggests these key areas are also in poor, outdated condition. The existing structure is likely considered obsolete for a buyer looking to build a multi-million dollar estate, fitting the 'tear-down' criteria where the value is based solely on the land and its potential for redevelopment.
Pros & Cons

Pros

Prime Bayfront Location: Situated on Balboa Island, this property offers an exclusive Newport Harbor bayfront location, renowned for its prestige and desirability.
Extensive Waterfrontage: Boasting a rare 45 feet of direct Newport Harbor bayfront frontage, providing unparalleled access and views.
Private Multi-Craft Dock: Includes a private dock capable of accommodating multiple boats, offering direct access to boating, paddle boarding, and waterfront activities.
Significant Development Potential: An oversized 'lot and a half' presents a unique opportunity to design and build a custom 4,000+ sq. ft. waterfront estate with expansive outdoor living and rooftop deck potential.
Walkability to Amenities: Conveniently located just steps from Marine Avenue's shops, cafes, and restaurants, blending island charm with urban accessibility.

Cons

Age of Existing Structure: Built in 1951, the current duplex structure is dated and likely requires demolition or extensive renovation to realize the property's full development potential.
Substantial Additional Investment: The high list price primarily reflects land value; significant additional capital will be required for the design and construction of a new custom estate.
Complexity of Custom Build: Undertaking a custom 4,000+ sq. ft. waterfront estate build involves considerable time, effort, and navigating complex permitting and construction processes.

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