122 E Bay Avenue, Newport Beach, California 92661, Newport Beach, 92661 - 2 bed, 1 bath
122 E Bay Avenue
Newport Beach, California 92661
Property Price
SUMMARY
Analysis of 122 E Bay Avenue, Newport Beach, California 92661 reveals a Fairly Priced Property with a current list price of $2,495,000 aligned with the estimated $2,495,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 122 E Bay Avenue Subject | $2,495,000* List Price | 2 | 1 | 928 | $2,689 | - |
A 306 Alvarado Active | $2,895,000 List Price | 3 | 2 | 1,033 | $2,803 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property was completely rebuilt in 2021 and presents in like-new condition. It features high-end designer finishes including white oak flooring, a gourmet kitchen with a waterfall stone island and premium stainless appliances, custom cabinetry, and modern lighting fixtures throughout, meeting the highest quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Newport Elementary School (9/10).
- Recent High-End Reconstruction
Rebuilt in 2021, this 'jewel box' home features premium finishes including white oak flooring, custom cabinetry, and a designer kitchen with a waterfall island, offering a completely turnkey luxury experience.
- Exceptional Value Proposition
Positioned as the lowest-priced detached residence on the Balboa Peninsula by a significant margin, this property represents a rare and accessible entry point into one of Newport Beach's most exclusive coastal enclaves.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Utility
The residence features only one bathroom for two bedrooms, which may be a significant drawback for buyers expecting more convenience or privacy at this multi-million dollar price point.
- Compact Living Space
With under 1,000 square feet of living area and no recorded views, the property's small footprint and lack of vistas may limit its appeal to larger families or those seeking traditional luxury scale.
About 122 E Bay Avenue
If you are looking for the PERFECT GETAWAY home . . . . for the weekend, the month or the season, for the yoga retreat, for ANY reason, this 2 Bedroom, 1 bath Single-Family detached residence is your ideal solution! Rebuilt in 2021, you’ll find this single-level jewel box known as 122 E. Bay Ave. From the terrazzo steps to the white oak Dutch door, you'll find the most inviting, warm, chic and LOWEST PRICED abode on the peninsula by well over a million dollars! Inspired interiors which mirror the palette of our coastline, showcase "the perfect white" wall and ceiling tones, offset with gorgeous white oak wood floors, custom lighting & cabinetry and a selection of stone and tile compliments that herald something really special. Custom built-ins which offer storage while doing double duty as strategic seating, a handsome fireplace mantel which artfully tops a recycled terrazzo fireplace surround, all present within full-view of the fully decked kitchen. Premium stainless appliances, quality fixtures, and a stunning island with seating, featuring a waterfall finish, hidden electrical capabilities, and backlighting all add to the curation of this GEM. From the friendly neighborhood environment, to the availability of surfing, skim boarding, swimming beaches, and bay venues . . . never has 2 bedrooms and 1 bath lived this well! This is the ideal treat for you and yours to enjoy for generations. This is a sanctuary.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 1,860 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Elementary School
Grades PK-6 • 0.8 mi
Horace Ensign Intermediate School
Grades 7-8 • 1.2 mi
Newport Harbor High School
Grades 9-12 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 29% |
| Baths | 1.0 | 4.0 | 16% |
| Square foot | 928 | 2,053 | 6% |
| Lot Size | 1,860 | 2,614 | 6% |
| Price | $2.50M | $4.50M | 10% |
| Price per sq ft | $2.7K | $2.5K | 55% |
| Built year | 1925 | 1980 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 96 | 177 | 10% |
Pricing History
Listed for Sale
Jan 24, 2026
$2,495,000
$2,695,000
-7% Price Drop
Initial Listing
Price Change
Dec 1, 2025
$2,695,000
Initial Listing
Sold
Nov 15, 2021
$2,000,000
Public Record
Sold
Mar 5, 2021
$1,183,000
Public Record
Sold
Mar 5, 2021
$1,250,000
Public Record