302 S Bay Front, Newport Beach, California 92662, Newport Beach, 92662 - 7 bed, 5 bath
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Newport Beach, California 92662
Analysis of 302 S Bay Front, Newport Beach, California 92662 is currently available with a list price of $7,500,000. 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.
Built in 1979, this duplex has undergone significant updates, particularly in the kitchens and bathrooms, which feature white shaker cabinets, granite/quartz-look countertops, and modern fixtures, appearing to be renovated within the last 5-15 years. The property is move-in ready with well-maintained systems and finishes, including tile and carpet flooring, and updated lighting. While the overall style may not meet the absolute latest luxury standards, as noted in the listing's weakness, it is far from requiring substantial repairs and is in good, functional condition.
Situated on the South Bayfront of Balboa Island, offering amazing, unobstructed harbor views and spectacular sunsets from both units, a highly coveted and valuable asset.
Configured as a duplex with separate 3-bed/2-bath and 4-bed/3-bath units, providing significant potential for rental income or multi-generational living arrangements.
Located in a very walkable community, just two blocks from the ferry, restaurants, and the quaint shops of Marine and Agate Avenues, offering an unparalleled lifestyle.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2614, other record lot size in square feet = 2553. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2926, other record living area = 1485.
Built in 1979, the property may require significant investment for modernization and upgrades to meet contemporary luxury standards and buyer expectations in this high-value market.
The $7.5 million list price positions this property in an extremely exclusive market segment, potentially limiting the pool of prospective buyers.
Amazing views from this wonderful South Bayfront Duplex on beautiful Balboa Island!!! From both units you can see up and down the Harbor from the Pavilion to the turning basin.. With in two blocks to the ferry crossing and all the restaurants offered on the peninsula not to mention the wonderful restaurants on our coveted Marine and Agate Avenues. Very walkable Island with community that is hard to find these days! Quaint down town area (Marine Avenue) with two blocks of mom and pop stores and a market to boot. or cross the main bridge and find yourself in Fashion Island or at the Performing Art Center or better yet John Wayne Airport. All within an eight mile radius! Fabulous sunsets from your living-room! Highly ranked schools close by and great programs to teach your children sailing, lifeguarding, marshal arts and even acting! Something for everyone. Whether you are a part time residence or want to build your waterfront dream home, this is the location for you! Downstairs is 3 bedrooms and 2 baths and upstairs is 4 bedrooms and 3 baths. Both units have a covered carport and the downstairs unit has electric car charging in the carport. Upper unit has a nice size storage unit in the carport. Each unit has their own laundry area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.5 | 75% |
| Baths | 5.0 | 4.0 | 63% |
| Square foot | 2,926 | 2,230.5 | 75% |
| Lot Size | 2,614 | 2,614 | 50% |
| Price | $7.50M | $3.70M | 88% |
| Price per sq ft | $2.6K | $1.7K | 88% |
| Built year | 1979 | 1946 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 141 | 25% |
Jan 22, 2026
$7,500,000
Initial Listing