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1011 N Bay Front, Newport Beach, CA, 92662

5beds
6baths
2,909sqft
$8,999,000
$3,094price/sqft
$51,508/moest. monthly cost
$2,060,320/yrincome needed

About This Home

Located on the prestigious bayfront of Balboa Island, 1011 N Bayfront presents a rare opportunity to own a premier waterfront property with direct beach access and panoramic harbor views. Positioned on a coveted corner lot, this exceptional residence captures abundant natural light and delivers unobstructed water views from both the front and rear units. Currently configured as a duplex with two active short-term rental permits, the property offers immediate income potential while maintaining the flexibility to be seamlessly converted into a spacious 5-bedroom single-family home with a 4 car garage. The bayfront patio opens directly onto the sand, creating an ideal setting for entertaining, relaxing, and enjoying the quintessential coastal lifestyle. Inside, the lower level features newly refinished hardwood flooring, leading into a well-appointed kitchen with expansive wraparound granite countertops and sleek lacquer cabinetry. Upstairs, the living space transitions to durable vinyl plank flooring and includes three generously sized bedrooms, each with en suite bathrooms. The primary suite is positioned directly over the water, offering breathtaking, uninterrupted harbor views. The rear unit showcases dramatic vaulted ceilings and oversized windows, creating a bright, open atmosphere that fully embraces the waterfront setting. Loft-style bedrooms enhance the sense of volume and architectural character.

Getting Around

73
WalkingVery Walkable
34
TransitSome Transit
70
BikeVery Bikeable

Schools

8/10

Construction

Condition

  • Property condition: Turnkey
  • Year built: 1972

Materials

  • Roof: Composition

Type & Style

  • Home type: SingleFamily
  • Property subType: Duplex

Interior

Appliances

  • Laundry features: In Garage

Bathroom

  • Features: Granite Counters

Bedroom

  • Features: All Bedrooms Up

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 3
  • 3/4 bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Cooling

  • Cooling features: Central Air,Zoned

Features

  • Multiple Staircases,All Bedrooms Up,Loft,Primary Suite
  • Flooring: Vinyl,Wood
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Interior Area

  • Total interior livable area: 2,909 sqft

Kitchen

  • Features: Granite Counters,Remodeled,Updated Kitchen

Master Bedroom

  • Features: Primary Suite

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 05013101
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: 1
  • Pool features: None
  • Patio & porch: Patio
  • Exterior features: Awning(s)
  • Spa features: None
  • Fencing: Block
  • Has view: Yes
  • View description: Bay
  • Has water view: Yes
  • Water view: Bay

Lot

  • Lot size: 2,614 sqft
  • Features: 0-1 Unit/Acre,Corner Lot

Parking

  • Total spaces: 4
  • Parking features: Garage Faces Rear,Garage Faces Side
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4

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
    Coastal FloodingVery High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Coastal Flooding
Earthquake
Heat Wave
Inland Flooding

FEMA Declared Disasters in Orange County and California

Earthquake
Flood
Mud Landslide
Severe Storm
Snowstorm
Tropical Storm
Winter Storm

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

MonthlyAnnual
Mortgage $45,503$546,036
Home Insurance *$583$6,996
Property Taxes $4,799$57,588
Electricity $623$7,485
Total$51,508$618,096
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,765,988/yr
40% on housing$1,545,240/yr
45% on housing$1,373,546/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

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.

Insurance Growth Rate5-year average: 8.6%
8.6%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$3,094This listing

vs Other Active Listings

Avg $/sqft

ZIP 92662$2,834
Orange County$768

vs Homes Sold Last Month

Median $/sqft

ZIP 92662$2,218
Orange County$707

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

DateEventPrice
2026-04-22Listed for sale$9,499,000
2026-04-20Listing removed$35,828
2026-04-18Listed for rent$35,828

For Sale by Agent

AgentLucas Kinney
BrokerageBalboa Island Estates

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