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Closed
- Listed price
- $2,100,000
- Listed Nov 20, 2015
- Sold price
- $1,850,000
- Sold Apr 25, 2016
3,485 sqft lot|1946 Built|159 MLS days on market
702 E Bay Ave, Newport Beach, CA 92661
Property Description
Once in a lifetime development opportunity on the bay front in Newport Beach. This property is currently a mixed use 3000 Sq Ft, retail space downstairs with two 1 bedroom residential units above. The property offers bay views and is located on the board walk of the famous "Fun Zone". This lot is located next to the Catalina Flyer and adjacent to the Balboa Pavilion building. The same family owns the next lot over (704 Bay Ave.), which is also for sale. The combined Sq Ft. of the two lots would give a developer 6970 Sq Ft. with 60 linear ft of bay front. Great opportunity to purchase and develop in the Balboa Village, the next area of the Peninsula prime for redevelopment.
Listing agent: Justin ReynoldsDRE #01506837justin@depropertiesoc.com, Listing office: D E Properties
MLS data updated 11/2/2026, 3:23:13 AM PT
Source: CRMLSMLS #: NP15250365
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,850,000
Apr 25, 2016
Available records32015–2016
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92661 · Nov 2026
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.This home · 0 price recordsNo records in this period
ZIP 92661 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
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.
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MLS records may be incomplete. Earlier asking prices are not sale prices.