Homes for sale - 1509 W Balboa BLD, Newport Beach, CA 92663

Additional details

JLee Broker

[email protected] +1(650) 857-1000

Listed by Mark Todd • Compass

$8,088,000

Est. payment - /mo

2,575 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRNP25132550

Style Contemporary,Other

Year Built 2025

Lot Size 2,575 Sqft

Property Sub-Type Duplex

Source California Regional MLS

Property Description

Revuelto Construction present a fully entitled, shovel-ready duplex with an ADU development opportunity on a premium corner lot in the heart of Newport Beach's prestigious Balboa Peninsula. Designed by Iconic Architecture this 3,349 square foot site is approved for the construction of two luxury condominiums and a high-end Accessory Dwelling Unit (ADU), offering a compelling blend of prime location, thoughtful design, and strong financial upside. Ideally situated with nearby access to both the Pacific Ocean and Newport Harbor, the property benefits from a high-demand coastal micro-market where homes routinely command top-tier sale prices and vacation rental rates. The approved development includes six bedrooms and five bathrooms across 2 units plus an ADU, each designed to maximize indoor-outdoor living. Expansive private decks with outdoor kitchens, ample parking, and contemporary architecture contribute to a highly desirable end product. All discretionary approvals, including coastal permits and utility connections, have been secured, allowing for immediate commencement of construction and minimizing holding costs. This opportunity is further strengthened by the rarity of corner-lot development sites on the Balboa Peninsula. Demand remains strong for Newport Beach condom

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Kitchen None

Interior

Heating Central Forced Air

Cooling Central AC

Flooring Other

Laundry In Laundry Room

Exterior

Parking Features Attached Garage, Carport , Private / Exclusive, Garage, Common Parking Area, Off-Street Parking, Other, Parking Area

Garage Spaces 5.0

Pool None, Other

View Bay, Hills, Marina, Local/Neighborhood, Ocean, Other, Water, City Lights

Building

Story Three or More Stories

Foundation Concrete Slab

Water District - Public

Architectural Style Contemporary, Other

Others

Tax ID 04721108

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1509 W Balboa BLD Newport Beach, CA 92663

JLee Broker

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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