NOT LISTED FOR SALE
6 Beds
3.5 Baths
3,530 Sq Ft
$2,582/mo HOA Fee

Last Sold September 30, 2022

Last sale price $7,850,000 $2,224 Per Sq Ft

53 Days on Market

Highlights

  • Private Dock Site
  • Fishing
  • Gated Community
  • Newport Elementary School Rated A
  • Bay View
  • Tennis Courts

About This Home

As of September 2022

A classic traditional Balboa bay front cottage located on delightful Bay Island in the heart of Newport Harbor. Brimming with the nostalgia of simpler times and a history dating back to 1903 when the Bay Island Club originated as a "Gun Club" for wealthy Southern Californians, this romantic and refined enclave of twenty-three residences is accessed by a private bridge off of the Balboa Peninsula. Here homeowners enjoy exclusive common ownership of resplendent flowering gardens and grassy lawns, tennis, a garage parking structure, caretaker's cottage, and a wide sandy beach. Positioned on a large corner lot, 22 Bay Island has a rich past as one of the earliest homes on the Peninsula. Its original owner, William Burnham, was one of the Island's first five shareholders in 1903, and was instrumental in the development of Balboa Peninsula. With its vintage characteristics still intact the Craftsman-style home enjoys spectacular views of Newport Harbor and glistening city lights from every vantage point. An enviable address, Bay Island is just a short stroll to restaurants, shops, the Peninsula's best beaches, the boardwalk and the the world famous Fun Zone. Bring your imagination to this piece of paradise and remodel or redevelop, as this 4,400 square foot lot will accommodate a new home of up to 5,700 square feet. A private pier and dock to hold a vessel of 55 feet and side-tie complement this historic offering.

Last Agent to Sell the Property

Tara Shapiro

Coldwell Banker Realty License #01892201 Listed on: 07/07/2022

Coldwell Banker Realty

Last Buyer's Agent

Hunter Plescia

License #01341632

Property Details

Home Type

  • Co-Op

Year Built

  • Built in 1904

Lot Details

  • 4,400 Sq Ft Lot
  • No Common Walls

HOA Fees

  • $2,582 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

  • Bay
  • Harbor
  • City Lights
  • Neighborhood

Home Design

  • Bungalow

Interior Spaces

  • 3,530 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms

Outdoor Features

  • Private Dock Site
  • Open Patio
  • Porch

Additional Features

  • Urban Location
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 22

Community Details

Overview

  • 24 Units
  • Bay Island Club Association, Phone Number (657) 513-8003
  • Action Prop Mgr HOA
  • Bay Island Subdivision
  • Maintained Community

Recreation

  • Boat Dock
  • Pier or Dock
  • Tennis Courts
  • Community Playground
  • Fishing
  • Water Sports
  • Bike Trail

Security

  • Security Service
  • Resident Manager or Management On Site
  • Controlled Access
  • Gated Community

Property Details

Home Type

Co-Op

Year Built

Built in 1904

Lot Details

0

HOA Fees

$2,582 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Security: Gated Community
  • Subdivision Name Other: Bay Island (BISL)
  • View: Yes
  • Architectural Style: Bungalow
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1904
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3530.00 Square Feet
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 2223.80

Exterior Features

  • Patio: Yes
  • Exterior Features: Dock Private
  • View: Bay, City Lights, Harbor, Neighborhood, Water
  • Patio And Porch Features: Patio Open, Porch
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Playground, Dock, Pier, Tennis Court(s), Maintenance Grounds, Call for Rules, Management, Security, Controlled Access
  • Association Fee: 7747.00
  • Association Fee Frequency: Quarterly
  • Association Name: Bay Island Club
  • Phone: 657.513.8003
  • Senior Community: No
  • Common Interest: Stock Cooperative
  • Community Features: Biking, Fishing, Watersports, Urban
  • Association Management: Action Prop MGR

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 4400.00
  • Lot Size Acres: 0.1010
  • Latitude Manual: 33.60653600

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4400.0000 Square Feet
  • Number Of Units In Community: 24
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 22
  • Tax Tract Number: 00000

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2022 09/30/22 Sold $7,850,000 -1.6% $2,224 / Sq Ft
08/29/2022 08/29/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $7,975,000 +59.5% $2,259 / Sq Ft
08/07/2020 08/07/20 Sold $5,000,000 -13.0% $1,365 / Sq Ft
07/24/2020 07/24/20 Pending -- -- --
07/02/2020 07/02/20 Price Changed $5,750,000 -7.2% $1,570 / Sq Ft
02/05/2020 02/05/20 For Sale $6,195,000 -- $1,692 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22147788

California Regional Multiple Listing Service (CRMLS)