$7,200,000
SOLD MAR 24, 2025
4 Beds
3.5 Baths
2,700 Sq Ft
3,850 Sq Ft Lot

Recently Sold

$2,667 Per Sq Ft

4% Above List Price

2 Days on Market

Highlights

  • Property has ocean access
  • Private Dock Site
  • Boat Slip
  • Newport Elementary School Rated A
  • Home fronts a seawall
  • 3-minute walk to Newport Beach Playground

About This Home

As of March 2025

Welcome to 1436 W. Bay Ave. Situated in one of Newport Beach’s most prestigious waterfront settings, this stunning bayfront estate offers breathtaking panoramic views of the Newport Bay Channel and Lido Island, all from your private backyard and expansive en-suite master bedroom. With front-row seats to the 4th of July fireworks and the world-famous Christmas Boat Parade, this home embodies the ultimate coastal lifestyle.
Spanning 2,700 sqft, this 4-bedroom, 3.5-bathroom estate is thoughtfully designed to maximize comfort, functionality, and breathtaking water views. A private elevator offers seamless access between levels, while the 50’ private boat slip accommodates a large sailboat with additional space for a Duffy, making this the perfect retreat for boating enthusiasts.
The remodeled gourmet kitchen is a chef’s dream, boasting sleek white and gray cabinetry, quartz countertops, stainless steel appliances, double ovens, and a charming breakfast nook. A formal dining room and an inviting living room with a fireplace provide picturesque waterfront views, making every moment at home a scenic experience.
The first floor also includes a private guest bedroom with an adjacent full bath, ideal for visitors or multi-generational living. A separate powder room and a fully enclosed laundry room add to the home’s convenience.
Upstairs, the expansive bayfront primary suite is a true sanctuary, with an office space and a work out room, featuring large windows that capture breathtaking waterfront views and welcome the refreshing bay breeze. The en-suite bathroom boasts a new vanity with dual sinks, two spacious walk-in shower, and dual walk-in closets.
The upper level is bathed in natural light and includes two additional bedrooms with a shared hallway bath. The homes has been recently updated with luxury vinyl flooring, designer carpet, fresh interior paint, and elegant new baseboards.
Perfect for full-time waterfront living or as a second home, this estate is just steps from Newport Beach’s sandy shores, Newport Beach Pier, and the vibrant restaurants, boutiques, and entertainment options along the peninsula. Additionally, it’s just minutes from the Newport Harbor Yacht Club, the iconic Balboa Fun Zone, and a short Duffy ride to Lido Island, placing you at the heart of Newport’s most exclusive coastal lifestyle.
This is a rare opportunity to own a piece of Newport Beach’s premier bayfront real estate at an incredible price. Don’t miss your chance.

Last Agent to Sell the Property

Paula Aragone

First Team Real Estate Brokerage Phone: 714-366-6117 License #01364746 Listed on: 02/19/2025

First Team Real Estate

Co-Listed By

Tom Aragone

First Team Real Estate Brokerage Phone: 714-366-6117 License #02046483

Last Buyer's Agent

Paula Aragone

First Team Real Estate Brokerage Phone: 714-366-6117 License #01364746 Listed on: 02/19/2025

First Team Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,137

Year Built

  • Built in 1942 | Remodeled

Lot Details

  • 3,850 Sq Ft Lot
  • Home fronts a seawall
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Home fronts a canal
  • Wrought Iron Fence
  • Brick Fence
  • Level Lot

Parking

  • 2 Car Direct Access Garage
  • 1 Open Parking Space
  • Parking Available
  • Single Garage Door
  • Driveway
  • Parking Lot

Property Views

  • Bay
  • Harbor
  • City Lights
  • Canal

Home Design

  • Custom Home

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Open Floorplan
  • Recessed Lighting
  • Living Room with Fireplace
  • Dining Room
  • Home Gym
  • Laundry Room

Kitchen

  • Kitchenette
  • Updated Kitchen
  • Eat-In Kitchen
  • Double Self-Cleaning Oven
  • Electric Oven
  • Microwave
  • Dishwasher
  • Quartz Countertops
  • Self-Closing Drawers
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Bathroom on Main Level
  • Quartz Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Walk-in Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Accessibility Features
  • More Than Two Accessible Exits

Outdoor Features

  • Property has ocean access
  • Pier
  • Boat Slip
  • Private Dock Site
  • Docks
  • Ocean Side of Highway 1
  • Deck
  • Patio
  • Exterior Lighting

Location

  • Property is near a park
  • Urban Location

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 3 / 1
  • Tax Tract Number 626
  • Assessor Parcel Number 04722103

Community Details

Overview

  • No Home Owners Association
  • Balboa Peninsula Subdivision

Recreation

  • Fishing
  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,137

Year Built

Built in 1942 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Custom Built
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04722103
  • Year Built: 1942
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2700.00 Square Feet
  • Interior Amenities: Elevator, Open Floorplan, Quartz Counters, Recessed Lighting
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: 2+ Access Exits, Disability Features
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Dining Room, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 2666.67
  • Room Type: Exercise Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom
  • Bathroom Features: Shower, Double Sinks In Primary Bath, Main Floor Full Bath, Quartz Counters, Walk-In Shower
  • Room Kitchen Features: Kitchenette, Quartz Counters, Remodeled Kitchen, Self-Closing Drawers

Exterior Features

  • Patio: Yes
  • Exterior Features: Boat Slip, Dock Private, Pier
  • View: Bay, Canal, City Lights, Harbor, Water
  • Fence: Yes
  • Fencing: Brick, Wrought Iron
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Roof: Other
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage, Garage - Single Door, Parking Space
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Electric Oven, Disposal, Microwave, Self Cleaning Oven
  • Heating Type: Fireplace(s), Forced Air
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Watersports, Sidewalks, Street Lights, Urban

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Level, Park Nearby
  • Lot Size Sq Ft: 3850.00
  • Lot Size Acres: 0.0884

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3850.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Bay Front, Canal Front, Fishing in Community, Includes Dock, Navigable Water, Ocean Access, Ocean Side Of Highway 1, Seawall

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 628.00
  • Tax Lot: 3
  • Tax Tract Number: 626

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2025
Closed on
Mar 11, 2025
Sold by
Trust A and Trust B
Bought by
Fluter Russell E
Seller's Agent
Paula Aragone
First Team Real Estate
Buyer's Agent
Paula Aragone
First Team Real Estate
List Price
$6,900,000
Sold Price
$7,200,000
Premium/Discount to List
$300,000
4.35%
Views
16
Current Estimated Value
$8,000,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$800,255
Avg. Annual Appreciation
36.34%

Purchase Details

Closed on
Oct 21, 2019
Sold by
Meily Bessie and Harry S & Bessie Meily Trust
Bought by
Meily Bessie and Trust No 01 5 12542 0

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,612,500
Interest Rate
3.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 3, 2018
Sold by
Meily Bessie
Bought by
Meily Bessie and Harry S Bessie Meily Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,019,475
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 4, 2005
Sold by
Harry S & Bessie Meily Trust Agreement #
Bought by
Meily Bessie and Trust A

Purchase Details

Closed on
Aug 16, 2001
Sold by
Bank Of America Na
Bought by
Meily Bessie and Harry S & Bessie Meily Trust

Purchase Details

Closed on
Dec 14, 1992
Sold by
Meily Harry S and Meily Bessie G
Bought by
Bank Of America Nt & Sa and Security Pacific National Bank
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $7,200,000 Chicago Title
Interfamily Deed Transfer -- Fnc Title Of California
Interfamily Deed Transfer -- Fnc Title Services Llc
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $7,612,500 Stand Alone Refi Refinance Of Original Loan
Previous Owner $7,612,500 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $1,019,475 FHA
Previous Owner $453,600 Credit Line Revolving
Previous Owner $100,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2025 03/24/25 Sold $7,200,000 +4.3% $2,667 / Sq Ft
02/21/2025 02/21/25 Pending -- -- --
02/19/2025 02/19/25 For Sale $6,900,000 -- $2,556 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $17,137 $1,598,299 $1,427,140 $171,159
2023 $16,733 $1,566,960 $1,399,157 $167,803
2022 $16,453 $1,536,236 $1,371,723 $164,513
2021 $16,137 $1,506,114 $1,344,826 $161,288
2020 $15,981 $1,490,671 $1,331,036 $159,635
2019 $15,651 $1,461,443 $1,304,938 $156,505
2018 $15,339 $1,432,788 $1,279,351 $153,437
2017 $15,067 $1,404,695 $1,254,266 $150,429
2016 $14,728 $1,377,152 $1,229,672 $147,480
2015 $14,587 $1,356,466 $1,211,201 $145,265
2014 $14,243 $1,329,895 $1,187,475 $142,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25036574

California Regional Multiple Listing Service (CRMLS)

APN: 047-221-03