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

417 E Bay
Newport Beach, California 92661
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 417 E Bay Subject | $5,288,888* List Price | 5 | 6 | 2,602 | $2,033 | - |
A 318 Coronado Street Sold | $6,415,000 | 3 | 5 | 2,565 | $2,501 | 0.1 mi |
B 314 Anade Avenue Sold | $5,700,000 | 4 | 5 | 2,315 | $2,462 | 0.2 mi |
C 200 E Balboa Boulevard Sold | $4,500,000 | 4 | 4 | 3,029 | $1,486 | 0.2 mi |
D 1577 Miramar Drive Sold | $4,650,000 | 4 | 4 | 2,558 | $1,818 | 0.8 mi |
E 200 E Balboa Boulevard Sold | $4,500,000 | 3,029 | $1,486 | 0.2 mi | ||
F 1515 E Ocean Boulevard Sold | $6,750,000 | 4 | 4 | 3,016 | $2,238 | 0.7 mi |
G 211 E Bay Active | $4,195,000 List Price | 3 | 4 | 2,668 | $1,572 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
Horace Ensign Intermediate School
Grades 7-8 • 1.3 mi
Newport Harbor High School
Grades 9-12 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 6.0 | 4.0 | 94% |
| Square foot | 2,602 | 2,315 | 61% |
| Lot Size | 2,178 | 2,614 | 19% |
| Price | $5.29M | $4.50M | 55% |
| Price per sq ft | $2.0K | $2.5K | 39% |
| Built year | 2020 | 1990 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 81 | 177 | 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










































































