1403 N Bayfront, Newport Beach, California 92662, Newport Beach, 92662 - 5 bed, 3 bath
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Newport Beach, California 92662
This Bayfront Duplex represents a Strong Value Opportunity, listed at $5,695,000—positioned well below the $5,316,746 Fair Market Value by 7%. Featuring a Good Condition Rating, this asset offers a rare panoramic bayfront view and dual-unit flexibility. While the 1939 structure provides a foundation for modernization, the prime location and income potential create a compelling financial profile. This property is an ideal acquisition for Buy-and-Hold Investors seeking coastal revenue or Owner-Occupants looking to offset costs through rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1403 N Bayfront Subject | $5,695,000* List Price | 5 | 3 | 2,105 | $2,526 | - |
A 302 S Bay Front Sold | $7,105,000 | 7 | 5 | 2,926 | $2,428 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1939 build date, the property is well-maintained and move-in ready. It features significant cosmetic updates including modern bi-fold doors, recessed lighting, and newer flooring. The kitchen and bathrooms appear functional but show signs of a renovation likely performed 10-20 years ago (older tile work and cabinet hinges), fitting the 'Good' criteria for a classic beach house.
Situated on the prestigious North Bayfront of Balboa Island, the property offers direct water views and immediate proximity to the town's shops and dining.
As a duplex featuring a four-bedroom main house and a one-bedroom rear unit, the property provides excellent flexibility for rental income, guest quarters, or multi-generational living.
Offered at a price point seldom seen for Balboa Island Bayfront real estate in recent years, this listing represents a unique entry-level opportunity for a high-demand coastal market.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1939, the 'classic' structure likely requires significant modernization, repairs, or a full remodel to meet contemporary luxury standards and energy efficiency.
With five bedrooms distributed across only 2,105 square feet on a compact 2,550 square foot lot, the living spaces and outdoor areas may feel constrained for larger groups.
Incredible Bayfront duplex in outstanding central location just steps to town. This classic beach house offers five bedrooms, three baths, two units, and excellent views of the Bay. The main home includes a large living room with fireplace, a spacious dining area, plus kitchen, four bedrooms (including a rare downstairs bedroom), two baths, bi-fold doors out to the large sunny front patio, as well as an oversized interior courtyard with ample room for entertainment, and more. The back unit includes a living area, kitchen, as well as one bedroom and bath. The home also comes equipped with a two-car garage and extra storage space. This is a rare opportunity to own a Balboa Island Bayfront at a price point seldom seen in recent years.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 5.0 |
| Baths | 3.0 | 4.0 |
| Square foot | 2,105 | 2,174.5 |
| Lot Size | 2,550 | 2,614 |
| Price | $5.70M | $3.35M |
| Price per sq ft | $2.7K | $1.7K |
| Built year | 1939 | 1964 |
| HOA | $0 | $0 |
| Days on market | 29 | 125 |
Jun 23, 2026
$5,695,000
Initial Listing