315 E Bay Avenue, Newport Beach, California 92661, Newport Beach, - bed, bath

home-pic
ACTIVE$855,000
315 E Bay Avenue, Newport Beach, California 92661
5Beds
5Baths
2,632Sqft
2,400Lot
Year Built
2022
Close
-
List price
$855K
Original List price
$855K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
FR25014916
Home ConditionExcellent
Features
Good View: Ocean
Deck
Patio
ViewOcean

About this home

EMBER CO-OWNERSHIP PROPERTY. Experience the joy of owning a luxury vacation home without the hassle or full cost! This Ember co-ownership home offers a 1/8th ownership stake, giving you 6.5 weeks per year to create unforgettable memories. This is true property ownership, so you can sell your share whenever you choose. Plus, the home is professionally managed and maintained, offering a **headache-free way to own a stunning retreat. Why rent when you can own smarter, vacation better, and stress less with Ember? Meet the Apollo: your passport to the beach life in sunny Newport Beach, California. Located on the Balboa Peninsula with world-class beaches and surfing just steps from your front door, the Apollo also offers stunning sunset and ocean views from two rooftop terraces. Designed for bespoke modern living, this newly built seaside home has all the features and amenities needed for entertaining as well as relaxing. Outdoor spaces seamlessly transition inside with the home’s open floor plan and slideaway patio doors. You’ll love the professional-grade kitchen, luxurious ensuite bathrooms, and even a three-level elevator. This home comes with the Ember Peak Season Guarantee, which starts the first Tuesday in June and runs for eight weeks. Each ownership share includes a guaranteed seven-night stay during peak season.

Nearby schools

9/10
Newport Elementary School
Public,PK-61.0mi
7/10
Horace Ensign Intermediate School
Public,7-81.3mi
7/10
Newport Harbor High School
Public,9-121.5mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (24 Listings)
Beds53
96%
Baths54
68%
Square foot2,6322,600
52%
Lot Size2,4002,625
24%
Price$855K$6.5M
4%
Price per square foot$325$2,784
4%
Built year20221999
96%
HOA
Days on market286212
84%
Condition Rating
Excellent

The property was built in 2022 and appears to be in excellent condition. The images show a modern kitchen with stainless steel appliances and stylish bathrooms. The overall design and finishes are high-end, indicating a newly built or recently renovated property with no deferred maintenance.
Pros & Cons

Pros

Prime Location: Located on the Balboa Peninsula, steps from world-class beaches and surfing.
Stunning Views: Offers stunning sunset and ocean views from two rooftop terraces.
New Construction: Newly built in 2022, featuring modern design and amenities.
Luxury Amenities: Features a professional-grade kitchen, luxurious ensuite bathrooms, and a three-level elevator.
Co-ownership Benefits: Ember co-ownership provides hassle-free ownership with professional management and maintenance, offering 6.5 weeks per year.

Cons

Fractional Ownership: The property is offered as a 1/8th ownership stake, which may not appeal to buyers seeking full ownership.
HOA Fees: Co-ownership typically involves HOA fees that cover management and maintenance, adding to the overall cost.
Limited Usage: Ownership is limited to 6.5 weeks per year, which may not be sufficient for some buyers.

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