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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.
Listing agent: Tara Foster Shapiro DRE #01892201 tshapiro@homgroup.com, Listing office: Pacific Sotheby's Int'l Realty
MLS data updated 11/3/2026, 1:56:18 AM PT
Source: CRMLS, MLS #: NP22147788
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Compare recorded home prices, same-type ZIP sales and mortgage rates.
Sep 30, 2022
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$7,850,000Closed sale · Sep 30, 2022ZIP 92661 · Sep 2022
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.