
Newport Beach, California 92662
Analysis of 1407 N Bay Front, Newport Beach, California 92662 is currently available with a list price of $9,495,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
Originally built in 1951, the property has undergone recent cosmetic renovations including a kitchen update with new quartz countertops and white cabinetry, new vinyl plank flooring in key areas, and fresh interior/exterior paint. While some secondary areas and bathrooms show older tiling and vintage appliances, the home is well-maintained, functional, and move-in ready.
The property boasts a rare 45 feet of bay frontage on North Bay Front, featuring a private pier and dock with capacity for multiple boats and direct harbor access.
Situated on approximately one and a half standard lots, this oversized parcel offers significantly more space and development potential than typical Balboa Island properties.
Zoned as a duplex with two distinct wings and separate guest quarters, the layout provides exceptional flexibility for multi-generational living or high-end rental income.
Originally built in 1951, the home may require substantial capital investment for modern upgrades or a complete rebuild to align with contemporary luxury standards.
At a list price of nearly $9.5 million for approximately 2,000 square feet of living space, the valuation is heavily weighted toward land value, which may deter buyers seeking a move-in ready estate.
Life on Newport Harbor begins here, where timeless coastal charm meets coveted bay front living. Set on a rare oversized bayfront lot—approximately one and a half standard lots—on Balboa Island, this property offers 45 feet of frontage, a private pier and dock with room for multiple boats with easy nautical access to the harbor entrance, and ultraconvenient on-and-off-island access. It is an exceptional opportunity to own one of the island’s prized waterfront settings. Inside, four bedrooms and four baths (two full and two three-quarters) are complemented by sandy shoreline access and sweeping harbor views in one of Newport Beach’s most iconic locations. Throughout the home, bright interiors blend warmth and character with hardwood flooring, new vinyl plank flooring in the kitchen and downstairs baths, and newly painted interiors and exteriors. Expansive windows and inviting living spaces are designed to capture water views from nearly every angle. Centering the main living room, a striking brick fireplace wall creates a welcoming focal point, while multiple gathering areas flow seamlessly to outdoor patios and charming entertaining courtyards. The updated main kitchen showcases crisp white cabinetry and new quartz countertops. Spanning just over 2,000 square feet, the thoughtfully arranged floorplan features two distinct wings, creating privacy and versatility. Upstairs is a living area, bedroom, full bath and kitchenette that was used as a spacious master suite and office. Upstairs features an elevated terrace which adds another open-air escape for lounging above it all. With a primary bedroom also downstairs, the upstairs alternatively it could be ideal for large families, multigenerational living, visitors or extended stays. Located within the secondary wing is a separate one bedroom, three-quarter bath guest quarters with private patio-only access. Along the water, a private pier and dock with room for multiple boats provides access for boating, paddleboarding, kayaking, and effortless harbor enjoyment. Completing the residence is an oversized attached two-car garage. Just moments away, Balboa Island’s Marine Avenue boutiques and dining, waterfront restaurants, yacht clubs, Peninsula beaches, and world-class. Newport Harbor recreation await. Exceptional opportunity to own an authentic North Bayfront home surrounded by some of coastal Orange County’s most sought-after real estate.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.5 | 50% |
| Baths | 4.0 | 3.5 | 50% |
| Square foot | 2,003 | 2,092.5 | 50% |
| Lot Size | 3,920 | 2,614 | 63% |
| Price | $9.49M | $4.03M | 88% |
| Price per sq ft | $4.7K | $1.7K | 88% |
| Built year | 1951 | 1939 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 186 | 13% |
May 3, 2026
$9,495,000
Initial Listing