
Newport Beach, California 92661
This Ultra-Luxury New Construction residence is a Strong Value Opportunity, listed at $12,995,000—positioned well below the $14,563,596 Fair Market Value by 10%. This valuation gap offers $1,568,596 in Instant Equity. Featuring a 2026 Condition Rating, the home showcases Gaggenau appliances, Calacatta marble, and a 1,154-square-foot rooftop deck with panoramic ocean views. Located in the Newport Mesa Unified district near Newport Elementary (9/10), this property is an ideal acquisition for Luxury Homeowners or Discerning Investors seeking a premier coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1201 W Bay Avenue Subject 5 bd · 6 ba · 4,532 sqft · $3,214 | $12,995,000* List Price | 5 | 6 | 4,532 | $3,214 | - |
A 706 W Oceanfront Sold 4 bd · 6 ba · 4,489 sqft · $3,319 · 0.4 mi | $14,900,000 | 4 | 6 | 4,489 | $3,319 | 0.4 mi |
B 1228 W Oceanfront Active 3 bd · 4 ba · 3,669 sqft · $3,271 · 0.1 mi | $11,999,999 List Price | 3 | 4 | 3,669 | $3,271 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
2026 ground-up new construction featuring ultra-premium Gaggenau appliances, Calacatta marble finishes, and state-of-the-art Bosch HVAC and solar systems.
Elementary School: Newport Elementary School (9/10).
A rare 2026 ground-up build on the Balboa Peninsula featuring high-end architectural collaboration and premium materials like San Sebastian limestone and Calacatta marble.
The property boasts a massive 1,154-square-foot rooftop deck with an outdoor kitchen, offering panoramic views of the bay, ocean, and city lights.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4532, other record living area = 962. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 2.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3501, living area = 4532.
The 3,501-square-foot lot is relatively small for a residence at this price point, limiting private yard space compared to other luxury markets.
Introducing 1201 West Bay Avenue, an exceptional ground-up 2026 new construction residence on the Balboa Peninsula, thoughtfully designed to bring elevated modern architecture and effortless coastal living together in one of Newport Beach’s most coveted settings. Rarely, if ever, has a home of this caliber, design, and level of construction been offered to the market on the Peninsula. A collaborative work by Cefalia Development, ACRE Homes, and Moire Studio, every element reflects an uncompromising attention to design, craftsmanship, and detail. Offering 4,532 square feet of living space, 5 bedrooms, 4 full and 2 half baths, the home unfolds across three levels plus an expansive rooftop deck. The main level pairs honed San Sebastian limestone floors and Moroccan clay plaster walls with a chef’s kitchen featuring solid walnut cabinetry, a rounded-edge Calacatta Caldia marble waterfall island, and a complete Gaggenau 400 Series appliance suite. All five bedrooms are upstairs, including a primary suite with a masonry fireplace and spa-like bath wrapped in Calacatta Bettogli marble, with dual walnut vanities, a soaking tub, and oversized steam shower. Grohe SPA fixtures throughout, European oak flooring, solid walnut doors, Baldwin hardware, and Fleetwood windows and doors further elevate the interiors. A third-floor family room and bar lead to 1,154 square feet of rooftop deck space with an outdoor kitchen. Additional features include a 3-car garage, elevator, three-unit Bosch HVAC system, rooftop solar with battery storage, dual Bosch tankless water heaters, and three masonry fireplaces. A truly singular offering where exceptional architecture, advanced home systems, craftsmanship, and materiality come together in the heart of the Balboa Peninsula.
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades 7-8 • 0.8 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 6.0 | 3.5 |
| Square foot | 4,532 | 2,652.074 |
| Lot Size | 3,501 | 6,056.485 |
| Price | $12.99M | $4.19M |
| Price per sq ft | $2.9K | $1.6K |
| Built year | 2026 | 1972 |
| HOA | $0 | $463 |
| Days on market | 16 | 70 |
Oct 8, 2026
$12,995,000
Initial Listing
May 10, 2024
$3,220,000
Public Record