
Newport Beach, California 92661
Analysis of 1220 W Bay Avenue, Newport Beach, California 92661 is currently available with a list price of $57,500,000. 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.
Property is new construction or fully renovated.
Built in 2023, this ultra-luxury contemporary estate is in mint condition. It features top-tier Poliform Italian cabinetry, Miele and Sub-Zero appliances, and state-of-the-art smart home systems, requiring zero maintenance.
Elementary School: Newport Elementary School (9/10).
Designed by world-renowned architect Paul McClean, this 2023 contemporary estate features an unparalleled blend of Italian marble, metal, and glass, highlighted by 50-foot Sky-Frame slide-away doors that create a seamless indoor-outdoor living experience.
The property boasts nearly 100 feet of frontage along the Newport Channel, including a private dock capable of mooring multiple vessels and offering rare, unobstructed panoramic views of the harbor, ocean, and mountains.
With approximately 12,749 square feet of living space built on a 7,132-square-foot lot, the property has a very high building-to-land ratio, resulting in minimal traditional yard space and close proximity to neighboring residences.
The $57.5 million price point represents the extreme upper echelon of the Newport Beach market, which significantly limits the pool of qualified buyers and may lead to a longer absorption period.
With its stunning waterfront views, impressive proportions, and curated selection of custom amenities, this newer (2023) contemporary showplace is among the finest residences in Newport Beach. Located on the Balboa Peninsula, the estate boasts nearly 100' of frontage along the Newport Channel, welcoming views of the water, passing yachts and sailboats, evening lights, Saddleback Mountain, Lido Isle and the towers of Newport Center and Fashion Island. Equally breathtaking, the home reflects the talents of architect Paul McClean, Gallo Builders and Lynda Murray Interior Design in an architecturally unparalleled collage of glass, marble, metal and wood. Italian veined white marble cladding and custom rain glass hint at the beauty that awaits beyond the entrance gate, where a garden complements a glass bridge that leads the way to a pivoting glass front door. Channel views are enjoyed from the moment the gate opens and continue throughout the three-level design, where six en suite bedrooms and seven-and-one-half-baths offer comfort for all in appx. 12,749 SF. Walls of glass and Sky-Frame slide-away glass doors pocket doors up to nearly 50' long create a seamless transition to outdoor areas including a lower-level pool, and a main-level bayfront terrace with kitchen and private dock for multiple vessels. Panoramic views overlook the ocean, harbor, mountains and coast from a massive rooftop patio that extends about 3,200 SF and hosts a second pool, and outdoor kitchen with grill, pizza oven and an island with seating for 10. A custom elevator joins a phenomenal spiral staircase with mirror-polished rails in offering access to all three levels of the residence. Discover a great room with see-through fireplace shared with the covered patio, a walk-in 750-bottle wine room, 192-bottle temperature-controlled wine wall, and a dining room that flows to top-tier front-and-back kitchens with Poliform Italian cabinetry and Miele, Sub-Zero and Liebherr appliances. The lower level reveals a lounge with bar, state-of-the-art theater with starry-night ceiling and concession stand, VR racing room, and fitness center with Rogue equipment and Pavi Gym rubber flooring from Spain. Your private wellness center presents a massage/meditation room, light-therapy room, steam shower and sauna. Unobstructed views enhance the top-floor’s primary suite and bath, featuring a large balcony and heated floors. Smart home tech and a four-car garage with single hydraulic door lend added cachet.
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 | 6.0 | 4.0 |
| Baths | 8.0 | 4.0 |
| Square foot | 12,749 | 2,868 |
| Lot Size | 7,132 | 6,914 |
| Price | $57.50M | $4.44M |
| Price per sq ft | $4.5K | $1.6K |
| Built year | 2023 | 1970 |
| HOA | $0 | $430 |
| Days on market | 43 | 59 |
Jun 9, 2026
$57,500,000
Initial Listing
Sep 28, 2012
$10,240,000
Public Record