117 E Bay Front, Newport Beach, California 92662, Newport Beach, 92662 - 5 bed, 4 bath

117 E Bay Front, Newport Beach, California 92662 home-pic-0
ACTIVE$8,149,500
117 E Bay Front, Newport Beach, California 92662
5Beds
4Baths
2,787Sqft
2,550Lot

Price Vs. Estimate

The estimated value ($8,149,500) is $0 (0%) lower than the list price ($8,149,500). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Waterfront Location: A legacy bayfront property on Little Balboa Island, steps from the iconic 'Crab Point', offering an unparalleled and highly sought-after address.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2550, living area = 2787.

Compared to the nearby listings

Price:$8.15M vs avg $4.31M (+$3,837,000)90%
Size:2,787 sqft vs avg 2,196.5 sqft85%
Price/sqft:$2.9K vs avg $2.3K85%

More Insights

Built in 1947 (78 years old).
Condition: The property, built in 1947, shows signs of being well-maintained but has not undergone a recent extensive renovation. The main kitchen features dated white tile countertops and backsplash, and white appliances, indicating an older renovation (likely 15-30 years ago). Bathrooms, while clean, also appear to have older white tile and basic fixtures. While the overall aesthetic is bright and clean, the key areas of kitchen and bathrooms are functional but significantly outdated in style and features, requiring minor updates to meet current standards. The description mentions a 'second kitchen' which appears more like a wet bar/kitchenette and also has an older, wood-paneled style. The flooring (hardwood and carpet) appears to be in good condition, and the property benefits from its prime location and views, but the interior finishes are not contemporary.
Year Built
1947
Close
-
List price
$8.15M
Original List price
$9.45M
Price/Sqft
$2,924
HOA
-
Days on market
-
Sold On
-
MLS number
NP25176483
Home ConditionFair
Features
Excellent View: Bay, City Lights, Harbor, Marina, Neighborhood, Ocean, Water
Deck
Patio
ViewBay,City Lights,Harbor,Marina,Neighborhood,Ocean,Water

About this home

LEGACY BAYFRONT PROPERTY ON LITTLE BALBOA ISLAND. 117 E. Bay Front presents a rare opportunity to own a piece of Newport Beach’s most iconic waterfront. Situated steps from the nexus of East and South Bay Front, known to locals as “Crab Point”, this traditional two-story home captures sweeping views of Newport harbor yacht channel and the Newport harbor entrance. With nearly 2,800 square feet of living space, savor breathtaking views from the first floor living and dining rooms, kitchen, and the large front brick patio perfect for entertaining, alfresco dining or simply relaxing. Upstairs, more front-row harbor views await from the spacious primary suite with fireplace, large sitting room, and over-sized private brick balcony. The main level includes two additional bedrooms and two baths, along with direct access to a two-car garage. The upper floor also features two more bedrooms—one or both of which can be closed off to create a private guest quarters complete with a wood-paneled living room, second kitchen, and dedicated exterior stairs. An included mooring complete with 18’ Boston Whaler runabout is accessed by the sandy beach located directly in front of the home and provides easy access to the ocean and harbor cruising. Located just a short stroll to Balboa Island, the Balboa Island Ferry and Marine Avenue’s charming boutiques and restaurants, this home offers the quintessential Little Balboa Island location and lifestyle. Now ready for its next steward, don’t miss this once-in-a-generation opportunity to own a legacy property in one of Southern California’s most treasured coastal communities.

Condition Rating
Fair

The property, built in 1947, shows signs of being well-maintained but has not undergone a recent extensive renovation. The main kitchen features dated white tile countertops and backsplash, and white appliances, indicating an older renovation (likely 15-30 years ago). Bathrooms, while clean, also appear to have older white tile and basic fixtures. While the overall aesthetic is bright and clean, the key areas of kitchen and bathrooms are functional but significantly outdated in style and features, requiring minor updates to meet current standards. The description mentions a 'second kitchen' which appears more like a wet bar/kitchenette and also has an older, wood-paneled style. The flooring (hardwood and carpet) appears to be in good condition, and the property benefits from its prime location and views, but the interior finishes are not contemporary.
Pros & Cons

Pros

Prime Waterfront Location: A legacy bayfront property on Little Balboa Island, steps from the iconic 'Crab Point', offering an unparalleled and highly sought-after address.
Panoramic Harbor Views: Sweeping, front-row views of Newport Harbor yacht channel and entrance are available from multiple rooms, including the primary suite, and the large front patio.
Direct Water Access & Included Mooring: Features direct access to a sandy beach and includes a private mooring with an 18’ Boston Whaler runabout, providing immediate ocean and harbor access.
Flexible Living Spaces: The upper floor offers versatile living with potential for a private guest quarters, complete with a second kitchen and dedicated exterior stairs, ideal for multi-generational living or income potential.
Exceptional Walkability: Enjoy a quintessential island lifestyle with a short stroll to Balboa Island, the Balboa Island Ferry, and Marine Avenue's charming boutiques and restaurants.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2550, living area = 2787.
Age of Property: Built in 1947, the property's age suggests potential for outdated systems or a need for significant modernization to meet contemporary luxury standards, despite its 'legacy' status.
Significant Price Reductions: Multiple price reductions from the original list price indicate potential market resistance or initial overpricing, which may affect buyer perception of value.
Limited Lot Size: The lot size of 2,550 sqft is relatively small for a luxury property of this caliber, potentially limiting extensive outdoor amenities beyond the existing patio.

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