$68,000,000 - 1220 Bay Avenue, Newport Beach
- 6Beds
- 8Baths
- 12,749SQ. Feet
- 0.16Acres
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.
Essential Information
- MLS® #:24346275
- Price:$68,000,000
- Bedrooms:6
- Bathrooms:8.00
- Full Baths:7
- Half Baths:1
- Square Footage:12,749
- Acres:0.16
- Year Built:2023
- Type:Residential
- Sub-Type:Single Family Residence
- Style:Contemporary
- Status:Active
- Listing Agent:Joshua Altman
- Listing Office:Douglas Elliman of California, Inc.
Community Information
- Address:1220 Bay Avenue
- Area:NP - Balboa Peninsula
- City:Newport Beach
- County:Orange
- Zip Code:92661
Amenities
- Parking Spaces:6
- Parking:Driveway, Garage, Private
- # of Garages:4
- Garages:Driveway, Garage, Private
- View:Bay, City Lights, Harbor, Panoramic, Water
- Has Pool:Yes
- Pool:In Ground, Private
Interior
- Interior:Tile
- Interior Features:Wet Bar, Elevator, High Ceilings, Open Floorplan, Recessed Lighting, Bar, Dressing Area, Wine Cellar, Walk-In Closet(s)
- Appliances:Barbecue, Built-In, Dishwasher, Microwave, Oven, Range, Refrigerator, Range Hood, Dryer, Washer
- Heating:Central, Fireplace(s)
- Cooling:Central Air
- Fireplace:Yes
- Fireplaces:Bonus Room, Living Room, Primary Bedroom
- # of Stories:3
- Stories:Multi/Split
Exterior
- Exterior Features:Fire Pit
- Lot Description:Back Yard, Lawn, Yard
Additional Information
- Date Listed:January 16th, 2024
- Days on Market:114
Similar Type Properties to 24346275, 1220 Bay Avenue, Newport Beach
Back to Results
Similar Neighborhoods in Newport Beach, California
Back to ResultsHarbor Island (hari)
- City:
- Newport Beach
- Price Range:
- $64,000,000 - $64,000,000
- Current Listings:
- 1
- HOA Dues:
- $33,481
- Average Price per Square Foot:
- $17,778
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We recently had an inquiry for the vacation rental properties located in the Blue Lagoon community. She was inquiring about 64 Blue Lagoon which is a wonderful ocean view unit. All of the condo rentals currently located at the Blue Lagoon are furnished vacation rentals that are rented out on a monthly basis. Prices will vary a lot depending on the size but more importantly the location of the unit in relation to the beach and if the unit has an ocean view or not. Rental prices currently start at $4,250 a month for a two bedroom unit with 1,560 square feet and a courtyard view. Ocean View units currently start at $10,000 a month which will get you a two bedroom condo with an approximate 1,680 square feet. We have put…
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The Laguna Beach Real Estate market is starting to see changes in the way homes are sold with rising interest rates causing things to slow down, especially for those who need the assistance of getting a loan. It was only a short year ago when homes were flying off the shelf and multiple bids on properties were a common place. This was due to the low inventory of homes available in Laguna Beach along with record low interest rates. All of this has quickly changed and the sellers market has slowly turned into a buyers market. Buyers now have more time to compare properties when the first come on the market without being pressured by other home buyers looking to make a bid on the same property. The inventory of homes is still…
Top of the World Laguna Beach Rentals
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When it comes to having any ocean view there are many different neighborhoods to choose from as the topography of Laguna Beach located on a hillside naturally affords a lot of view properties. Of course, if you want to be at one of the highest points in Laguna Beach there is probably no better spot than the "Top of the World" community. Nestled up in this area high on a hill are single family homes that range from the 1920's to brand new construction properties. Laguna Beach is filled with a ton of vacation rental homes but this is really not the case in this neighborhood as it's easy to find a traditional lease of 12 months to start. Most landlords in this area will be asking for the first months rent, security deposit and a…
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One of the premier streets in Laguna Beach when looking for an ocean view is Temple Hills Drive. Real Estate prices in the Temple Drive community currently start just under $2.4 million dollars for mid-century modern one story ocean view home with three bedrooms, two bath and over 1,800 square feet of living space. This is a pretty good price point for Laguna Beach considering it does have nice ocean views and location on a premier street in Laguna Beach. What makes this area unique is it's hillside location that is one of the closest to the Downtown Laguna Beach area that is often referred to as the "Village" area of Laguna Beach. If you have every spent any time in this area you know it's the hub of Laguna Beach with a lot of…
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One of the amenities that we are starting to see in many of the new construction luxury estate properties coming on the market for sale is having a private theater. It seems like many of the upscale builders like to include a wine cellar, fitness room and a theater as some of the most requested bonus amenities in higher end homes. From what I have seen these Theater rooms tend to be pretty grand with a large viewing screen, soft leather chairs and room for at least 10 people or more. We did a quick search of properties that are currently for sale and found 8 homes that have a private Theater ranging from $4.5 to over $31 million dollars. Several of these properties are located in the community of Three Arch Bay in Laguna Beach.…
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The typography of Laguna Beach is really interesting as it arguably offers more ocean view properties due to it's rolling hillsides that overlook the Pacific Ocean. When it comes to properties located on the ocean front there are many properties that are located high on a cliff that overlook the ocean but very few homes that are actually located on the sandy beach. Neighboring towns like Dana Point and Newport Beach do have many properties located on the sand but finding one in Laguna Beach can be really tough. There are a couple exceptions to this and the homes that are located on the sand are truly spectacular.
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We are starting to see a turn in the real estate market as mortgage interest rates continue to go higher which ultimately slow down the number of properties selling. Another major factor is the number of buyers would need the assistance of getting a loan in order to buy a home are now not participating in the market but the cost of mortgage payments have almost doubled since last year. This is around the time where we start to see creative financing being offered as the cost of getting a loan is to expensive for most buyers. One option that is coming around again is seller financing which negates the need to get a traditional mortgage loan from the bank. Let me explain how this typically works.
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The real estate market in Laguna Beach has started to make a shift as in most of the country with home staying on the market for a little longer than what we have seen in recent years. One of the main reasons for this shift is a combination of factors which include increasing higher interest rates, decline in the stock market and an oversees International war. It feels like we may be heading to more of a slow down here in Laguna Beach which will result in more inventory of homes on the market and the possibility of declining real estate asking prices. For buyers who have to get a loan in order to buy a home here the cost and gone up significantly from just a year ago and it is expected to get more expensive as well. Buyers will be…
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The Real Estate market in Laguna Beach has been really crazy over the last several years which is leaving many to wonder how long this real estate boom will last. It's not uncommon in today's real estate market to have multiple offers on them which typically drives up the asking price. The question then comes into many homeowners minds is do we really need to use a real estate agent? We are starting to see more for sale by owners popping up in this hot market and if they can save a little bit of money by doing it themselves then more power to them. If you are thinking about selling your home by yourself you need to make sure you aware of these simple mistakes than many for sale by owners make. If you can avoid these then you will…
1046 Santa Ana St - Arch Beach Heights Laguna Beach Home
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One of the my favorite neighborhoods for finding really nice ocean views for single family residences in Laguna Beach is the Arch Beach Heights neighborhood. A perfect example of the type of home you would find here would be the property that is located at 1046 Santa Ana Street which features a total of three bedrooms, two and a half baths with an approximate 1,584 square feet of living space. The two level home was originally built in 1972 and comes with an attached two car garage which is now available for sale with a current list price of $2,098,000. This is a really great price point in order to find a nice ocean view property in the upscale beach community of Laguna Beach. There are a lot of things I love about this home…
Based on information from California Regional Multiple Listing Service, Inc. as of May 9th, 2024 at 6:45am PDT. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.