428 East Bay Avenue, Newport Beach, CA 92661
428 East Bay Avenue, Newport Beach, CA 92661
Property Description
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.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Newport Beach · Single Family Residence
Listed 35.0% below the median closed sale of $5,995,000. Price per sqft ($1,501) is a 32% discount to closed comps ($2,200). Expect a longer timeline — comps averaged 127 days on market. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1105 Bay Front | Newport Beach | 2026 | 3 | 5 | 2,389 | 2,550 | $5,440 | $12.99M | 47 | 82 |
| 118 Sapphire | Newport Beach | 2009 | 3 | 4 | 2,321 | 2,550 | $2,755 | $6.39M | 32 | 81 |
| 210 43rd Street | Newport Beach | 2012 | 4 | 5 | 2,363 | 2,431 | $1,904 | $4.50M | 11 | 67 |
| 7104 Oceanfront | Newport Beach | 2004 | 3 | 4 | 2,458 | 2,252 | $4,272 | $10.50M | 467 | 67 |
| 119 Opal | Newport Beach | 2001 | 3 | 3 | 2,354 | 2,550 | $2,463 | $5.80M | 14 | 65 |
| Total: 5 · Average | 3.2 | 4.2 | 2,377 | 2,466.6 | $3,366.8 | $8.04M | 114.2 | |||
| Median | 2,363 | $6.39M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5512 Seashore | Newport Beach | 2016 | 09/15/2026 | 3 | 3 | 2,326 | 2,300 | $4.50M | $4.25M | $1,827 | 0.94 | 238 | 81 |
| 221 Abalone | Newport Beach | 1944 | 09/30/2026 | 4 | 5 | 2,972 | 2,400 | $6.00M | $6.00M | $2,017 | 1.00 | 20 | 80 |
| 225 Diamond | Newport Beach | 2026 | 09/29/2026 | 4 | 5 | 2,312 | 2,550 | $7.95M | $7.58M | $3,281 | 0.95 | 55 | 80 |
| 503 L Street | Newport Beach | 2018 | 09/22/2026 | 4 | 5 | 3,148 | 3,523 | $6.89M | $6.60M | $2,097 | 0.96 | 130 | 68 |
| 111 Via Koron | Newport Beach | 1965 | 09/29/2026 | 3 | 4 | 2,675 | 2,640 | $5.00M | $4.75M | $1,776 | 0.95 | 194 | 65 |
| Total: 5 · Average | 3.6 | 4.4 | 2,686.6 | 2,682.6 | $5.84M | $5.84M | $2,199.6 | — | 127.4 | ||||
| Median | 2,675 | $6.00M | $6.00M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.