428 E Bay Ave, Newport Beach, CA, 92661
About This Home
Welcome to 428 E Bay Avenue, a quintessential coastal retreat ideally located just one home from the bay and two blocks from the ocean and boardwalk in the heart of the Balboa Peninsula, moments from the Balboa Pier, ferry, and Fun Zone. With timeless beach cottage charm and classic coastal appeal, this move-in ready residence offers an effortless blend of style and functionality, featuring a light-filled great room, open-concept kitchen, and powder bath on the main level, while upstairs three spacious bedrooms each enjoy ensuite bathrooms for ultimate comfort and privacy. The rooftop deck captures refreshing bay breezes, passing boats, and city lights into the evening—perfect for embracing the vibrant Peninsula lifestyle year-round—while a bonus room with an additional bathroom provides flexible space for guests, a home office, or secondary living area. Complete with a versatile garage for parking, storage, bikes, and beach essentials, this is a rare opportunity to own a turnkey home in one of Newport Beach’s most iconic and sought-after beachside locations.
Getting Around
Very Walkable
Minimal Transit
Very BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1997
Type & Style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Built-In Range,Dishwasher,Freezer,Disposal,Gas Range,Microwave,Refrigerator
- Laundry features: In Garage
Bathroom
- Features: Bathtub,Dual Sinks,Separate Shower,Walk-In Shower
Bedroom
- Features: All Bedrooms Up
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
- Main level bathrooms: 1
Features
- Breakfast Bar,Ceiling Fan(s),Open Floorplan,Pantry,Storage,All Bedrooms Up,Galley Kitchen
- Window features: Blinds,Shutters
- Flooring: Carpet,Laminate
- Fireplace features: Living Room,Primary Bedroom
- Fireplace: Yes
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Central
- Cooling features: None
Interior Area
- Total interior livable area: 2,595 sqft
Kitchen
- Features: Kitchen/Family Room Combo
Kitchen
- Features: Galley Kitchen
Property
Accessibility
- Accessibility features: Safe Emergency Egress from Home,Parking
Details
- Parcel number: 04811126
- Special condition: Standard
Features
- Levels: Three Or More
- Stories: 3
- Entry location: 1
- Pool features: None
- Patio & porch: Rooftop
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: Bay,Peek-A-Boo
- Has water view: Yes
- Water view: Bay
- Waterfront features: Across the Road from Lake/Ocean
Lot
- Lot size: 2,164 sqft
- Features: Level,Near Park,Rectangular Lot
Parking
- Total spaces: 2
- Parking features: Direct Access,Garage,Garage Faces Rear
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Earthquake
- Inland Flooding
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Orange County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $20,984 | $251,808 |
| Home Insurance * | $275 | $3,300 |
| Property Taxes | $3,777 | $45,324 |
| Electricity | $556 | $6,677 |
| Total | $25,592 | $307,104 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-01 | Listed for sale | $4,150,000 |
| 2024-03-28 | Listing removed | -- |
| 2024-02-01 | Listed for rent | $9,950 |
| 1998-06-29 | Sold | $612,500 |
View on Zillow