• 219 E Bay Avenue Newport Beach, CA 92661

  • $3,950,000
  • 5
    Bed(s)
  • 3
    Baths
  • 2,225
    Sq Ft
  • 2614
    Sqft
  • Listed By: Kathy Abbott, Universal Preferred Properties, DRE #00889942
  • Source: CRMLS

Beach Duplex with a transferrable SHORT-TERM RENTAL LICENSE, located on a CORNER LOT in the quaint and quieter Bay Island area, only part way down the peninsula, and not on busier Balboa Boulevard, making this one of the more desirable areas on the peninsula. This exceptional lot location is offset at the T of Coronado Street with an unobstructed view of the bay - must see view to appreciate! Two levels have two separate home units - the bottom level has 2 bedrooms, 1 bath and large patio facing the bay, and the top level has 3 bedrooms, 2 baths, with a large deck facing the bay. A buyer can inquire with the city about adding a third level for additional ocean views, similar to many neighboring properties. This can be a family beach home with 2 units, income property, short-term rental property, or combination. Both units have fireplaces, beautiful open kitchens, and use of one car space in the two-car enclosed garage, with overhead storage space, and plenty of unmetered on-street parking. The upstairs home has a grand primary bedroom suite, and an additional second stairway and entry door in rear of home. Additional amenities include custom built-in storage throughout, open beam ceilings, and 219 E Bay Avenue is Southern California beach living at its finest, with the world-famous Newport Beach Harbor one block to the North for boating, sailing, and other water sports, and expansive sandy beaches, just a few houses away to the South, for surfing and more. Many yacht clubs are in Newport Harbor, for terrific social connections, and there are endless restaurant options. This property has been meticulously maintained by the same owners for over 25 years, including a new roof in 2020. All of the advantages of living at the beach, with an interior price tag.

Property Type :

Residential Income

Subdivision :

Fallbrook

County :

Orange

Style :

Residential Income

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Unit No Unit Key Total Bath Total Bed Full Bath Half Bath
1 1063028296 2 3 2 0
2 1063028296 1 2 1 0

Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Interior Features

Interior Features: Beamed Ceilings,Balcony,Cathedral Ceiling(s),Granite Counters,Living Room Deck Attached,Multiple Staircases,Unfurnished,Bedroom on Main Level,Primary Suite

Property Appliances: Dishwasher,Electric Range,Gas Oven,Gas Water Heater,Microwave,Range Hood,Water Heater,Dryer,Washer

Fireplace: Family Room,Masonry

Flooring: Laminate,Tile

Cooling Features

None

Air Conditioning

Heating Source

Natural Gas,Wall Furnace

Has Heating

Fireplace

Fireplace Features: Family Room,Masonry

Has Fireplace: 1

Building Information

Year Built: 1957

Building Area Total: 2,225

Construction: Drywall,Stucco

Foundation

Slab

Security Features

Carbon Monoxide Detector(s),Smoke Detector(s)

Pool Features

None

Laundry Features

Common Area,Washer Hookup,Gas Dryer Hookup

Fencing

Block

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.06

Lot Size Source: Assessor

Lot Size Square Feet: 2614

Listing Price Information

Original List Price: 3,950,000

Listing Contract Date: 2024-03-08

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 04809110

Garage and Parking

Garage Description: Door-Multi,Direct Access,Garage,Garage Door Opener,Off Street

Homeowners Association

Rental Info

Lease Term: Negotiable

Tenant Pays: Cable TV,Electricity,Gas,Telephone

Other Property Info

Source Listing Status: Active

Source Neighborhood: NP - Balboa Peninsula

Postal Code Plus 4: 1225

Directions: From Pacific Coast Highway, take Balboa Boulevard down the peninsula, left on Coronado, left on Bay Avenue. Unmetered parking on street.

Source Property Type: Residential Income

Area: NP - Balboa Peninsula

Property SubType: Duplex

Building and Construction

Property Age: 67

Common Walls: No Common Walls

Property Condition: Repairs Cosmetic

Structure Type: Duplex

Year Built Source: Assessor

Entry Level: 1

Entry Location: Lower unit - front door; Upper unit - rear stairs

Levels or Stories: Two

Building Total Stories: 2

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1119 E Balboa Boulevard.., Newport Beach, CA,92661 $22,500 4 1 1,800 --
1740 E Ocean Boulevard, Newport Beach, CA,92661 $7,800,000 5 5 3,024 2625 Sqft
1577 Miramar Drive, Newport Beach, CA,92661 $4,850,000 4 4 2,558 2450 Sqft
423 E Edgewater Avenue, Newport Beach, CA,92661 $6,945,000 3 3 2,289 3124 Sqft
311 Montero Street, Newport Beach, CA,92661 $2,749,000 3 2 1,339 2100 Sqft
1220 W Bay Avenue, Newport Beach, CA,92661 $68,000,000 6 7 12,749 7132 Sqft
1003 E Balboa Boulevard, Newport Beach, CA,92661 $7,999,000 8 3 3,570 3920 Sqft
200 E Balboa Boulevard, Newport Beach, CA,92661 $6,495,000 4 4 3,029 2400 Sqft
326 L Street, Newport Beach, CA,92661 $3,997,000 3 2 1,420 1400 Sqft
441 Seville, Newport Beach, CA,92661 $7,000,000 5 6 3,863 2800 Sqft

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 05/03/2024 @ 19:57

MLS: NP24048345
LISTED BY: Kathy Abbott, Universal Preferred Properties
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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