422 E Bay Avenue

$3,400,000
422 E Bay Avenue, Newport Beach, CA 92661
422 E Bay Avenue

422 E Bay Avenue

$3,400,000

READY TO BUILD with APPROVED PLANS and a SHORT TERM RENTAL PERMIT. This is your opportunity to build a custom home on the iconic Balboa Peninsula, just steps from the bay and a short walk to the beach, the Balboa Pier, Balboa Island Ferry, Fun Zone and the infamous Wedge. Plans for this 3-level home boast a pristine design with an open concept floor plan and an elevator to all three levels. The main level features a chef's kitchen with a large island and bar seating that opens to an airy and light-filled living area. Adjacent to the kitchen is an outdoor courtyard separated only by glass doors allowing the ultimate indoor/outdoor living with room for a fire pit, grill or seating for entertaining guests. On the second level, a sleek primary suite includes a luxurious spa bathroom with dual vanities, large soaking tub and oversized walk-in shower. The primary suite also features a private balcony and a spacious walk-in closet. There are three secondary bedrooms on the second floor and an additional bedroom with full bath on the third level. The magnificent 1,000+ sq. ft. rooftop terrace is truly an entertainer's dream with its multiple covered and uncovered lounging areas, and plans for an outdoor kitchen, fire pit and hot tub. The oversized 2-car garage will be outfitted with a charging port for an electric vehicle and there is ample room for storage cabinets and bikes. The highly sought after short term rental permit is transferred to the buyer with the sale of the property, which will significantly increase the property's rental income. This rare offering is a great opportunity for any discerning buyer or investor.
Jodi DiTolla
Jodi DiTolla Contact

Features & Amenities

Interior

Total Bedrooms 5
Total Bathrooms 6
Full Bathrooms 6
Laundry Room Inside, Laundry Room
Fireplace Great Room, Primary Bedroom
Other Interior Features All Bedrooms Up, Jack and Jill Bath, Primary Suite, Walk-In Closet(s)

Exterior

Stories 3
Garage Space 2.0
Water Source Public
Utilities Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
POOL None
Lot Features 0-1 Unit/Acre
Parking Door-Multi, Direct Access, Electric Vehicle Charging Station(s), Garage, Oversized, Garage Faces Rear
Air Conditioning Central Air
Sewer Public Sewer

Area & Lot

Status Active Under Contract
LIVING SPACE 2,683 Sq.Ft.
LOT SIZE 2,402 Sq.Ft.
MLS® ID NP24034851
Type Residential
Year Built 2024
Neighborhood Newport Beach
Architecture Styles Cape Cod, Contemporary
View Description Coastline
School District Newport Mesa Unified

Financial

SALES PRICE $3,400,000
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Thank you for your interest in 422 E Bay Avenue, Newport Beach, CA 92661. We are reviewing your request and will be in touch shortly!

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