417 E Bay, Newport Beach, California 92661, Newport Beach, 92661 - 5 bed, 6 bath

417 E Bay, Newport Beach, California 92661 home-pic-0

417 E Bay

Newport Beach, California 92661

ACTIVE
CONDITION: EXCELLENT
5Beds
6Baths
2,602Sq Ft
2,178Lot Size

Property Price

LIST PRICE$5,288,888
EST. MARKET VALUE
$5,288,888

SUMMARY

Analysis of 417 E Bay, Newport Beach, California 92661 reveals a Fairly Priced Property with a current list price of $5,288,888  aligned with the estimated $5,288,888 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

$5,288,888
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
417 E Bay
Subject
$5,288,888*
List Price
562,602$2,033-
A
318 Coronado Street
Sold
$6,415,000352,565$2,5010.1 mi
B
314 Anade Avenue
Sold
$5,700,000452,315$2,4620.2 mi
C
200 E Balboa Boulevard
Sold
$4,500,000443,029$1,4860.2 mi
D
1577 Miramar Drive
Sold
$4,650,000442,558$1,8180.8 mi
E
200 E Balboa Boulevard
Sold
$4,500,0003,029$1,4860.2 mi
F
1515 E Ocean Boulevard
Sold
$6,750,000443,016$2,2380.7 mi
G
211 E Bay
Active
$4,195,000
List Price
342,668$1,5720.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This property was built in 2020, making it virtually new construction (within 10 years). The description highlights 'designer grade finishes throughout, including Wolf appliance suites, custom cabinetry, and high end fixtures.' Images confirm modern, pristine kitchens with high-end stainless steel appliances, contemporary white cabinetry, and stylish backsplashes. Bathrooms feature glass-enclosed showers, modern vanities, and clean tile work. All flooring appears to be new, modern LVP or engineered wood. There is no evidence of deferred maintenance or physical depreciation, aligning perfectly with the 'excellent' condition criteria.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Newport Elementary School (9/10).

  • Exceptional Income Potential & Transferable STR License

    This property boasts nearly $300,000 per year in proven revenue, is consistently booked year-round, and includes a rare, fully transferable short-term rental license, allowing legal operation on platforms like Airbnb and VRBO.

  • Prime Newport Beach Location & Panoramic Views

    Situated in the highly desirable Balboa Peninsula, the property offers extensive panoramic views including the ocean, bay, city lights, Catalina Island, and harbor from its private rooftop balcony.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 2602, other record living area = 978.

  • Low Available Lot Utilization

    The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2178, living area = 2602.

  • High Price Point

    With a list price of nearly $5.3 million, the property represents a significant investment, which may limit the pool of prospective buyers.

About 417 E Bay

Welcome to this Exceptional income producing duplex opportunity in the heart of Newport Beach. This nearly $300,000 per year revenue property features a fully transferable short-term rental license, allowing legal operation on Airbnb and VRBO a rare and highly coveted advantage. The property is consistently booked year round, offering immediate cash flow with true turnkey ease. Built in 2020 by renowned Burkhard Builders, this front and back unit configuration offers flexibility for investors, owner-users, or multi generational living. The front residence (Unit A) spans approximately 1,400 square feet and features three bedrooms and three and one half baths, while the rear residence (Unit B) offers approximately 1,200 square feet with two bedrooms and two and one half baths. Each unit is thoughtfully designed with privacy and functionality in mind. Both residences showcase designer grade finishes throughout, including Wolf appliance suites, custom cabinetry, and high end fixtures. A private ocean view rooftop balcony provides an ideal setting for entertaining and enjoying coastal sunsets. Additional highlights include a each unit with a single car attached covered garage plus one additional covered parking for each unit, a highly desirable feature in this location. Offered fully turnkey, this is a rare Newport Beach opportunity combining luxury, flexibility, and proven income​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​‌‌​​‌‌​​​​ performance.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2020
Lot Size
2,178 Sq. Ft.

Interior

Total Bedrooms
5
Total Bathrooms
6 (6 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 • 1.0 mi

9/10

Horace Ensign Intermediate School

Grades 7-8 • 1.3 mi

7/10

Newport Harbor High School

Grades 9-12 • 1.5 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.0
90%
Baths6.04.0
94%
Square foot2,6022,315
61%
Lot Size2,1782,614
19%
Price$5.29M$4.50M
55%
Price per sq ft$2.0K$2.5K
39%
Built year20201990
87%
HOA$0$0
50%
Days on market81177
6%

Pricing History

Listed for Sale

Dec 16, 2025

$5,288,888

Initial Listing

Sold

Apr 10, 2020

$1,500,000

Public Record

Sold

Jan 11, 2018

$1,325,000

Public Record

Sold

Jul 13, 2005

$1,240,000

Public Record

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