812 W Bay Ave, Newport Beach, California 92661, Newport Beach, 92661 - 7 bed, 9 bath

812 W Bay Ave, Newport Beach, California 92661 home-pic-0
ACTIVE UNDER CONTRACT$20,000,000
812 W Bay Ave, Newport Beach, California 92661
7Beds
9Baths
6,319Sqft
7,664Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
Significant Price Adjustments: The property has undergone multiple substantial price reductions from its initial listing, potentially indicating market resistance or an initial overvaluation.

Compared to the nearby listings

Price:$20.00M vs avg $4.22M (+$15,775,000)96%
Size:6,319 sqft vs avg 2,046 sqft96%
Price/sqft:$3.2K vs avg $2.8K58%

More Insights

Built in 1990 (35 years old).
Condition: Built in 1990, this custom estate has been well-maintained but its interior finishes, particularly in the kitchen and bathrooms, are largely original and reflect the style of its era. The kitchen features black granite countertops, light wood cabinetry, and a distinctive patterned wallpaper/ceiling that is now dated. Appliances appear functional but are not modern stainless steel. Bathrooms exhibit 90s trends with Hollywood strip lighting, light wood vanities, and glass block windows. While the property is in good functional condition and offers luxurious amenities like a private elevator and dock, it requires significant aesthetic updates to align with contemporary luxury standards, especially in key areas like the kitchen and bathrooms, and the prevalent use of pink/beige carpeting in bedrooms.
Year Built
1990
Close
-
List price
$20M
Original List price
$25.5M
Price/Sqft
$3,165
HOA
-
Days on market
-
Sold On
-
MLS number
NP25084135
Home ConditionFair
Features
Excellent View: Bay, City Lights, Harbor, Marina, Panoramic, Water
Pool
Spa
Patio
ViewBay,City Lights,Harbor,Marina,Panoramic,Water

About this home

Rare Double-Lot Bayfront Opportunity in Newport Harbor. A truly once-in-a-lifetime offering, this custom-built bayfront estate sits on a rare double lot in one of Newport Harbor’s most coveted locations. Showcasing nearly 60 feet of bay frontage, the property commands sweeping views of the turning basin, city lights, Fashion Island, and the surrounding mountains—an ever-changing backdrop of Southern California beauty. Designed ahead of its time, the residence welcomes you through a dramatic gated entry featuring a tranquil pool, spa, and waterfall. Double glass doors open to reveal soaring ceilings and expansive living spaces that exude coastal sophistication. The grand living room with fireplace, sit-down bar, and formal dining area is ideal for effortless entertaining. The gourmet's kitchen is a dream, featuring sleek black granite countertops, custom cabinetry, a center island with a gas range, breakfast nook, built-in desk, and side-by-side Sub-Zero refrigerator and freezer. The main level also offers a private office or den, guest bedroom and bath, maid’s quarters, and an oversized three-car garage. A sweeping staircase—or private elevator—leads to the upper level, where the primary suite offers bayfront views, a fireplace, dual bathrooms, and custom walk-in closets. An oversized guest suite features a private covered balcony to enjoy the views, a walk-in closet, and an en-suite bath. Three additional en-suite bedrooms complete the upper floor. Outdoor living is effortless with both sun-soaked and covered patio areas along the bayfront. The private dock accommodates an 80-foot vessel, with additional space for a whaler on the side tie. This is a rare chance to own one of Newport’s landmark bayfront properties—an extraordinary blend of space, location, and timeless design.

Nearby schools

9/10
Newport Elementary School
Public,PK-60.5mi
7/10
Horace Ensign Intermediate School
Public,7-80.9mi
7/10
Newport Harbor High School
Public,9-121.3mi
Condition Rating
Fair

Built in 1990, this custom estate has been well-maintained but its interior finishes, particularly in the kitchen and bathrooms, are largely original and reflect the style of its era. The kitchen features black granite countertops, light wood cabinetry, and a distinctive patterned wallpaper/ceiling that is now dated. Appliances appear functional but are not modern stainless steel. Bathrooms exhibit 90s trends with Hollywood strip lighting, light wood vanities, and glass block windows. While the property is in good functional condition and offers luxurious amenities like a private elevator and dock, it requires significant aesthetic updates to align with contemporary luxury standards, especially in key areas like the kitchen and bathrooms, and the prevalent use of pink/beige carpeting in bedrooms.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Rare Bayfront Double Lot: Situated on a rare double lot with nearly 60 feet of bay frontage in a coveted Newport Harbor location, offering unparalleled space and exclusivity.
Premier Boating Facilities: Features a private dock capable of accommodating an 80-foot vessel plus a side-tie for an additional whaler, a significant advantage for yachting enthusiasts.
Expansive Panoramic Views: Enjoys sweeping panoramic views of the turning basin, city lights, Fashion Island, and surrounding mountains, providing a dynamic and picturesque backdrop.
Extensive Luxury Amenities: Boasts a private pool, spa, waterfall, private elevator, oversized three-car garage, maid's quarters, and a dedicated office/den, catering to a luxurious lifestyle.
Custom & Timeless Design: A custom-built estate from 1990, described as 'designed ahead of its time' with 'timeless design,' suggesting enduring architectural appeal and quality construction.

Cons

Significant Price Adjustments: The property has undergone multiple substantial price reductions from its initial listing, potentially indicating market resistance or an initial overvaluation.
Potential for Dated Systems/Finishes: Built in 1990, some core systems or aesthetic elements, despite being described as 'timeless,' may require modernization or updates to align with contemporary luxury standards and energy efficiency.
High Ongoing Maintenance: As a large bayfront estate with extensive features like a pool, spa, and private dock, the property likely incurs substantial ongoing maintenance and operational costs.

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