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

812 W Bay Avenue, Newport Beach, California 92661 home-pic-0
ACTIVE$23,000,000
812 W Bay Avenue, Newport Beach, California 92661
7Beds
9Baths
6,319Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Double-Lot Bayfront Location: The property boasts a rare double lot with nearly 60 feet of bay frontage in a highly coveted Newport Harbor location, offering unparalleled exclusivity and direct water access.
Top Cons:
High Price Point & Market History: The current list price of $23 million, coupled with a previous price reduction from $25.5 million, indicates a very niche market and potential challenges in attracting a buyer quickly.

Compared to the nearby listings

Price:$23.00M vs avg $4.22M (+$18,775,000)96%
Size:6,319 sqft vs avg 2,046 sqft96%
Price/sqft:$3.6K vs avg $2.8K81%

More Insights

Built in 1990 (35 years old).
Condition: Built in 1990, this property is meticulously maintained but retains its original 1990s aesthetic. The kitchen features high-end appliances and finishes (Sub-Zero, black granite, custom cabinetry) that were top-tier for its era but are now stylistically dated. Similarly, the flooring (tile, plush carpet) and light fixtures reflect the period. While functional and in good condition, the home requires significant cosmetic updates to align with current design trends, fitting the 'Fair' category for being aged but maintained with outdated components.
Year Built
1990
Close
-
List price
$23M
Original List price
$25.5M
Price/Sqft
$3,640
HOA
-
Days on market
-
Sold On
-
MLS number
25526657
Home ConditionFair
Features
Excellent View: Bay, City Lights, Harbor, Marina, Panoramic, Water
Deck
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 mountainsan 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 staircaseor private elevatorleads 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 propertiesan 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 property is meticulously maintained but retains its original 1990s aesthetic. The kitchen features high-end appliances and finishes (Sub-Zero, black granite, custom cabinetry) that were top-tier for its era but are now stylistically dated. Similarly, the flooring (tile, plush carpet) and light fixtures reflect the period. While functional and in good condition, the home requires significant cosmetic updates to align with current design trends, fitting the 'Fair' category for being aged but maintained with outdated components.
Pros & Cons

Pros

Prime Double-Lot Bayfront Location: The property boasts a rare double lot with nearly 60 feet of bay frontage in a highly coveted Newport Harbor location, offering unparalleled exclusivity and direct water access.
Panoramic Water & City Views: Commands sweeping, unobstructed views of the turning basin, city lights, Fashion Island, and surrounding mountains, providing a dynamic and picturesque backdrop.
Extensive Boating & Water Amenities: Features a private dock capable of accommodating an 80-foot vessel plus additional side-tie space, a significant asset for yachting enthusiasts.
Luxurious & Expansive Estate: Offers expansive living spaces with soaring ceilings, 7 bedrooms, 9 bathrooms, and 6,319 sqft, including a gourmet kitchen, multiple entertaining areas, and a private elevator.
Resort-Style Outdoor Living: Includes a tranquil gated entry with a pool, spa, and waterfall, complemented by sun-soaked and covered bayfront patio areas perfect for entertaining and relaxation.

Cons

High Price Point & Market History: The current list price of $23 million, coupled with a previous price reduction from $25.5 million, indicates a very niche market and potential challenges in attracting a buyer quickly.
Dated Interior Finishes: While custom-built and 'timeless,' the 1990 construction year and specific mentions like 'sleek black granite countertops' suggest some interior elements may not align with current luxury design trends, potentially requiring significant cosmetic updates for some buyers.
Maintenance of Extensive Features: The property's numerous high-end features, including a pool, spa, waterfall, private dock, and large square footage, imply substantial ongoing maintenance costs and effort, which could be a consideration for potential buyers.

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