1207 N Bay Front, Newport Beach, California 92662, Newport Beach, 92662 - 2 bed, 2 bath
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Newport Beach, California 92662
Analysis of 1207 N Bay Front, Newport Beach, California 92662 is currently available with a list price of $7,500,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1912 and held by the same family for 80+ years, the property shows extreme age with no significant modern renovations. The listing explicitly markets the site for a 'new custom residence,' and images show weathered exterior wood and highly dated interiors, fitting the criteria for land value focus.
Situated on the coveted North Bayfront, this property includes a private dock capable of accommodating multiple vessels, offering rare direct harbor access and front-row views of the Christmas Boat Parade.
With a 2,550 sqft lot in a prime 1200-block location, the property serves as an ideal canvas for a custom luxury residence, allowing buyers to maximize the value of one of the island's most prestigious addresses.
Held by the same family for over 80 years, this iconic residence offers a unique piece of Balboa Island history within walking distance to the Village’s upscale dining, boutiques, and sandy shorelines.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
Built originally in 1912 and totaling under 1,000 square feet, the current structure is significantly undersized and dated, necessitating a complete rebuild or major renovation to meet modern luxury standards.
Priced at $7.5 million, the investment is primarily focused on the lot and dock rights, representing a high cost-of-entry where the existing home adds minimal functional value to the purchase.
A rare opportunity awaits on Balboa Island’s coveted North Bayfront — an iconic waterfront residence paired with its own private dock directly in front of the home. With a finger slip, two side ties, and generous dock space, it easily accommodates a sailboat/power boat, and Duffy, with flexibility to reconfigure the float to suit your ideal boating lifestyle. Some homes don’t just sit on the water—they hold stories, memories, and generations of joy. This beloved Balboa Island waterfront residence, cherished by the same family for more than 80 years, is one of those rare places. Built in 1912 and lovingly expanded in the 1920s, it carries the soul of the Island’s early days while offering a front row connection to the harbor that defines life here. Today, it stands as a meaningful piece of local history — and an extraordinary canvas for its next chapter. Perfectly positioned in the desirable 1200 block of North Bayfront, with direct access to the beach, embrace the gentle, sandy shoreline perfect for swimming and family fun. This home is just moments from the Village, where charming boutiques, cafés, and celebrated dining create a warm, walkable, and welcoming community. From your own patio, watch the magic of the Christmas Boat Parade drift by, or set off for a spontaneous trip to Catalina. Centrally located near world class shopping, performing arts venues, and top medical institutions such as Hoag Hospital, City of Hope, and the new UCI Medical Center, this home blends coastal charm with everyday convenience. Whether you envision embracing full time island living, creating a cherished vacation retreat, or building a spectacular new custom residence, this property offers an unparalleled chance to own and preserve a significant piece of Balboa Island history. This home is more than a property, it’s a chance to continue a legacy, to build new memories, and to shape the next chapter of a place that has meant so much to so many. The possibilities are truly exceptional. (Video shown is AI generated to illustrate potential future concepts.)
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 4.0 |
| Square foot | 992 | 2,868 |
| Lot Size | 2,550 | 6,914 |
| Price | $7.50M | $4.44M |
| Price per sq ft | $7.6K | $1.6K |
| Built year | 1932 | 1970 |
| HOA | $0 | $430 |
| Days on market | 141 | 59 |
Mar 3, 2026
$7,500,000
Initial Listing