2 months on rocket

1220 W Bay Ave, Newport Beach, CA, 92661

$58,000,000

6 Bedrooms
7 Full Baths, 1 Partial
12,749 SqFt
$4,549/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Garage, Private
Garage4 spaces
Year BuiltNew Const., 2023
HeatingCentral, Fireplace(s)
CoolingCentral Air
FireplaceBonus Room, Living Room, Primary Bedroom
ViewBay, City Lights, Harbor, Panoramic, Water
Private PoolYes
MLS #24443901
Lot Size0.16 Acres
StatusActive

About 1220 W Bay Ave

Experience the epitome of opulence in this newly constructed waterfront luxury estate, where sweeping Bay views take center stage. Meticulously crafted by renowned architect Paul McClean and masterfully brought to life by Gallo Builders, this extraordinary residence seamlessly blends modern sophistication with unparalleled craftsmanship. The exterior showcases Italian Lasa slab cladding, custom architectural rain glass, and a secure Mag lock front gate, setting the tone for the grandeur within. Upon entry, soaring ceilings and abundant natural light greet you, revealing a meticulously designed home spanning over 12,700 square feet of sheer excellence. Boasting 6 bedrooms, 8 bathrooms, and a show-stopping 3,700-square-foot rooftop deck, the residence is a testament to luxury living. Designed by the esteemed Lynda Murray, every detail exudes premium quality, from the SkyFrame doors from Switzerland to the Lutron Homewerks lighting control system, Savant home control, and seamlessly integrated Tru-Fig plugs and keypads. Culinary excellence is achieved in both front and back kitchens, featuring Antolini porcelain countertops, Poliform Italian cabinets, and top-tier Miele, Sub-Zero, and Liebherr appliances, complemented by Dornbracht plumbing fixtures. Ascend the staircase, adorned with mirrored polish stainless steel stringers and porcelain treads, guided by mirrored polish stainless steel handrails, illuminated by a bespoke multi-pendant chandelier crafted by Alison Berger. A custom 3-stop elevator ensures effortless access to different levels of this luxurious abode. The Primary Bedroom and Spa-like Bathroom offer breathtaking views, automated features, radiant heated floors, and premium finishes, creating a sanctuary of comfort and opulence. Each bedroom and bathroom is thoughtfully designed with privacy and luxury in mind. The estate boasts affluent amenities, including a Home Theater, VR Racing Room, a gym with Pavi Gym rubber floors from Spain, Rogue fitness equipment, and a massage room with towel warming drawers. This haven features a large pool/spa, an entertainment lounge/bar, a temperature-controlled 192-bottle Wine Wall, and a 750-bottle Wine Room. The rooftop deck is equipped with a retractable CSEED 144" TV, Kalamazoo BBQ kitchen, and full audio setup. A unique custom 4-car garage with a single hydraulic door and glass cladding, creates a one-of-a-kind grand entrance to this estate. Enjoy seamless indoor-outdoor living with 6-panel fully automated doors leading to the backyard, featuring Kalamazoo BBQ equipment, integrated TV lift, full landscape audio, a large fire pit ideal for gatherings, and a 26-foot Kalamazoo BBQ kitchen and serving island. This residence stands as a testament to the pinnacle of luxury living, seamlessly fusing technology, design, and comfort for an unparalleled living experience.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2023
  • Stories: 3
  • Living Area: 12,749 SqFt

Listing Office:

  • Office Name: Douglas Elliman of California, Inc.
  • Office Phone: (310) 819-3250
  • Listing Agent: Joshua Altman

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator, Range Hood, Dryer, Washer
  • Flooring Type: Tile
  • Interior: Wet Bar, Separate/Formal Dining Room, Eat-in Kitchen, Elevator, High Ceilings, Open Floorplan, Recessed Lighting, Bar, Dressing Area, Wine Cellar, Walk-In Closet(s)
  • Fireplace: Bonus Room, Living Room, Primary Bedroom

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 7
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Bay, City Lights, Harbor, Panoramic, Water
  • Exterior: Boat Slip, Dock, Fire Pit

Parking Information:

  • Garage Space: 4 spaces
  • Parking: Driveway, Garage, Private

Lot Features

Lot Information:

  • Lot: Back Yard, Lawn
  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Central, Fireplace(s)
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Balboa Peninsula

Price Information

Listing Price Info

Price Summary:

  • List Price: $58,000,000
  • Price Per SqFt: $4,549/SqFt

Tax Information:

  • Annual Amount: $149,373
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Newport Beach, CA.

Map thumbnail provided by MapBox

Newport Beach, CA

City

Med. Sold Price

$3.5M

Med. Price/SqFt

$1,425

Avg. Days On Market

43

# of Sold Homes

71

1220 W Bay Ave vs Newport Beach

85 DAYS ON ROCKET

+42 Days

$58,000,000

+$54.5M More

$4,549/SqFt

+$3.1K More

KEY TAKEAWAY

This property is $54.5M more than the Median Sold Price and $3.1K/SqFt more than other homes in Newport Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24443901

Listing Office:

  • Office Name: Douglas Elliman of California, Inc.
  • Office Phone: (310) 819-3250
  • Listing Agent: Joshua Altman

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 3:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 28, 2012Home Sold
$10,240,000
May 29, 2008Home Sold
$15,250,000

Tax History

YEARPROP. TAXASSESSMENT
2021$149,373$14,162,555
2020$121,507$11,506,628
2019$81,671$9,965,309
2018$81,672$7,738,167
2017$80,224$7,586,439

History based on county public records data.

Payment Calculator

$289.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$173.9K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4355901
8
/10

  • Newport Elementary School

  • 1327 W Balboa Blvd

  • 0.15 miles

  • Public District Grades KG-6

school-card-donut-4355902
7
/10

  • Newport Heights Elementary School

  • 300 E 15th St

  • 1.44 miles

  • Public District Grades KG-6

school-card-donut-4355903
7
/10

  • Mariners Elementary School

  • 2100 Mariners Dr

  • 1.81 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $110,552. Most Newport Beach, CA residents have annual incomes between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1220 W Bay Ave

What is the listing price of this property?

The listing price of 1220 W Bay Ave property is $58,000,000.

What type of property is this?

The property 1220 W Bay Ave is a house located in Newport Beach, California, 92661.

Is this property for sale now?

Active Listing: 1220 W Bay Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $149,373 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 28, 2012 for $10,240,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1220 W Bay Ave has 6 bedrooms and 7 full and 1 half bathrooms.

What is the square footage of this property?

The property 1220 W Bay Ave is 12,749 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1220 W Bay Ave is 2023.
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Rocket Homes›California›Orange County›Newport Beach›92661›1220 W Bay Ave

This home is located at 1220 W Bay Ave in Newport Beach, CA and zip code 92661 in the Central Newport Beach neighborhood. This 12,749 square foot home, which was built in 2023, sits on a 0.16 acre lot. Features: 6 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since September 23, 2024 and is currently priced at $58,000,000.

Newport Beach, CA housing market in November 2024 saw over 9 listings sold above listed price, more than 14 sold at listed price and over 48 sold below. The number of homes for sale in Newport Beach, CA decreased by 2.5% between October 2024 and November 2024. Listings spent 43 days on the market in November 2024, and had a median list price of $3,500,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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