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1123 E Balboa Blvd, Newport Beach, CA 92661
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1123 E Balboa Blvd Newport Beach, CA 92661

$6,750,000
  • 5 Beds
  • 4 Baths
  • 1,959 Sq.Ft.
For Sale
$6,750,000 Get Pre-Qualified
Map preview of 1123 E Balboa Blvd, Newport Beach, CA 92661

Property Overview: 1123 E Balboa Blvd Newport Beach, CA has 5 bedrooms, 4 bathrooms, 1,959 living square feet and 2,614 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 2 ACTIVE SHORT TERM RENTAL PERMITS!! Soak up the surf and sun at this versatile oceanfront fully furnished duplex in Newport Beach’s sought-after Peninsula Point neighborhood on the Balboa Peninsula. With one unit on each level of the two-story residence, you can live in one and rent the other, or use both as valuable income-producing opportunities. The renderings show how property can look if you build out the current plans plans that have been submitted to the city for a future custom home, making it easy to create the seaside home of your dreams. Presenting a quieter setting near the end of the boardwalk, the duplex is close to The Wedge surf break, Peninsula Park, the Peninsula Point Racquet Club, the Balboa Pier, and Main Street’s vibrant shopping and dining destinations. A spacious view patio highlights the lower-level residence, which features two bedrooms, two baths, a living room with fireplace, a white kitchen, and a dining room that opens to the patio. The open and bright upper unit showcases a vaulted ceiling, a fireplace-warmed living room, a sunny ocean-view deck, a gourmet kitchen with breakfast bar, three bedrooms and two baths. An attached four-car garage with epoxy flooring provides ample off-street parking and room for storing bikes and surfboards.

Listed by Tara McNabb | BRE #01871729 | Compass
Last checked: 9 minutes ago | Last updated: April 14th, 2024 | Source CRMLS | DOM: 44
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Home details

Lot Sq. Ft
2,614
HOA Dues
$0/mo
Year built
1977
Garage
4 Car
Property Type:
Single Family Home
Status
Active
MLS#
OC24042496
City
Newport Beach
County
Orange
Time on Site
56 days

Open Houses for 1123 E Balboa Blvd

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Property Details for 1123 E Balboa Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • In Garage, Inside, Upper Level
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Downstairs Bedrooms: 2
  • Downstairs Bathrooms: 2
  • Entry, Family Room, Main Floor Bedroom
Bathroom Information
  • # of Baths (Full): 4
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Attached Garage
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Ocean
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 04815209
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Schools
School Information
  • High School District: Newport Mesa Unified
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: Balboa Blvd to Property
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Newport Beach Agent

Sale History for 1123 E Balboa Blvd

Last sold for $4,750,000 on October 8th, 2021

  • March, 2024

  • Mar 1, 2024

    Date

    Active

    CRMLS: OC24042496

    $6,750,000

    Price

  • May, 2023

  • May 1, 2023

    Date

    Expired

    CRMLS: OC22241326

    $6,750,000

    Price

  • Nov 14, 2022

    Date

    Active

    CRMLS: OC22241326

    $6,750,000

    Price

  • Listing provided courtesy of CRMLS

    Soak up the surf and sun at this versatile oceanfront fully furnished duplex in Newport Beach’s sought-after Peninsula Point neighborhood on the Balboa Peninsula. With one unit on each level of the two-story residence, you can live in one and rent the other, or use both as valuable income-producing opportunities. The renderings show how property can look if you build out the current plans plans that have been submitted to the city for a future custom home, making it easy to create the seaside home of your dreams. Presenting a quieter setting near the end of the boardwalk, the duplex is close to The Wedge surf break, Peninsula Park, the Peninsula Point Racquet Club, the Balboa Pier, and Main Street’s vibrant shopping and dining destinations. A spacious view patio highlights the lower-level residence, which features two bedrooms, two baths, a living room with fireplace, a white kitchen, and a dining room that opens to the patio. The open and bright upper unit showcases a vaulted ceiling, a fireplace-warmed living room, a sunny ocean-view deck, a gourmet kitchen with breakfast bar, three bedrooms and two baths. An attached four-car garage with epoxy flooring provides ample off-street parking and room for storing bikes and surfboards.

  • September, 2021

  • Sep 29, 2021

    Date

    Pending

    CRMLS: NP21152784

    $4,800,000

    Price

  • Sep 9, 2021

    Date

    Active Under Contract

    CRMLS: NP21152784

    $4,800,000

    Price

  • Aug 6, 2021

    Date

    Price Change

    CRMLS: NP21152784

    $4,800,000

    Price

  • Jul 13, 2021

    Date

    Active

    CRMLS: NP21152784

    $4,975,000

    Price

  • Listing provided courtesy of CRMLS

    Well-maintained oceanfront duplex with a 4 car garage in the quiet Peninsula Point neighborhood! Enjoy panoramic ocean and Catalina views within the coveted blocks where bay front homes are directly across the street. The downstairs home has 2 bedrooms and 2 bathrooms, new stainless steel refrigerator and a spacious patio for entertaining guests with a view! The upstairs home consists of 3 bedrooms and 2 baths with high vaulted ceilings, a balcony with sweeping ocean views, new carpet and washer/dryer in unit. The large garage fits 4 cars with ample space for bikes, surfboards and has a hook up for a washer and dryer. Located towards the end of the boardwalk allowing for a more quiet atmosphere, a rustic beach volleyball court is right out front to enjoy with your neighbors. Walk to the Peninsula Point tennis club, the world famous Wedge or local restaurants and shopping on Main Street. Enjoy paradise just in time for summer, living in one unit while renting out the other.

  • September, 2021

  • Sep 29, 2021

    Date

    Pending

    CRMLS: NP21152849

    $4,800,000

    Price

  • Sep 9, 2021

    Date

    Active Under Contract

    CRMLS: NP21152849

    $4,800,000

    Price

  • Aug 6, 2021

    Date

    Price Change

    CRMLS: NP21152849

    $4,800,000

    Price

  • Jul 13, 2021

    Date

    Active

    CRMLS: NP21152849

    $4,975,000

    Price

  • Listing provided courtesy of CRMLS

    Well-maintained oceanfront duplex with a 4 car garage in the quiet Peninsula Point neighborhood! Enjoy panoramic ocean and Catalina views within the coveted blocks where bay front homes are directly across the street. The downstairs home has 2 bedrooms and 2 bathrooms, new stainless steel refrigerator and a spacious patio for entertaining guests with a view! The upstairs home consists of 3 bedrooms and 2 baths with high vaulted ceilings, a balcony with sweeping ocean views, new carpet and washer/dryer in unit. The large garage fits 4 cars with ample space for bikes, surfboards and has a hook up for a washer and dryer. Located towards the end of the boardwalk allowing for a more quiet atmosphere, there is also a rustic beach volleyball court out front to enjoy with your neighbors. Walk to the Peninsula Point tennis club, the world famous Wedge or local restaurants and shopping on Main Street. Enjoy paradise just in time for the summer, living in one unit while renting out the other!

  • July, 2021

  • Jul 12, 2021

    Date

    Canceled

    CRMLS: NP21088190

    $4,975,000

    Price

  • Jun 17, 2021

    Date

    Price Change

    CRMLS: NP21088190

    $4,975,000

    Price

  • May 12, 2021

    Date

    Price Change

    CRMLS: NP21088190

    $5,095,000

    Price

  • Apr 27, 2021

    Date

    Active

    CRMLS: NP21088190

    $5,200,000

    Price

  • Listing provided courtesy of CRMLS

    Well-maintained oceanfront duplex with a 4 car garage in the quiet Peninsula Point neighborhood! Enjoy panoramic ocean and Catalina views within the coveted blocks where bay front homes are directly across the street. The downstairs home has 2 bedrooms and 2 bathrooms, new stainless steel refrigerator and a spacious patio for entertaining guests with a view! The upstairs home consists of 3 bedrooms and 2 baths with high vaulted ceilings, a balcony with sweeping ocean views, new carpet and washer/dryer in unit. The large garage fits 4 cars with ample space for bikes, surfboards and has a hook up for a washer and dryer. Located towards the end of the boardwalk allowing for a more quiet atmosphere, there is also a rustic beach volleyball court out front to enjoy with your neighbors. Walk to the Peninsula Point tennis club, the world famous Wedge or local restaurants and shopping on Main Street. Enjoy paradise just in time for the summer, living in one unit while renting out the other!

  • July, 2021

  • Jul 12, 2021

    Date

    Canceled

    CRMLS: NP21088173

    $4,975,000

    Price

  • Jun 17, 2021

    Date

    Price Change

    CRMLS: NP21088173

    $4,975,000

    Price

  • May 12, 2021

    Date

    Price Change

    CRMLS: NP21088173

    $5,095,000

    Price

  • Apr 27, 2021

    Date

    Active

    CRMLS: NP21088173

    $5,200,000

    Price

  • Listing provided courtesy of CRMLS

    Well-maintained oceanfront duplex with a 4 car garage in the quiet Peninsula Point neighborhood! Enjoy panoramic ocean and Catalina views within the coveted blocks where bay front homes are directly across the street. The downstairs home has 2 bedrooms and 2 bathrooms, new stainless steel refrigerator and a spacious patio for entertaining guests with a view! The upstairs home consists of 3 bedrooms and 2 baths with high vaulted ceilings, a balcony with sweeping ocean views, new carpet and washer/dryer in unit. The large garage fits 4 cars with ample space for bikes, surfboards and has a hook up for a washer and dryer. Located towards the end of the boardwalk allowing for a more quiet atmosphere, a rustic beach volleyball court is right out front to enjoy with your neighbors. Walk to the Peninsula Point tennis club, the world famous Wedge or local restaurants and shopping on Main Street. Enjoy paradise just in time for summer, living in one unit while renting out the other.

  • April, 2021

  • Apr 6, 2021

    Date

    Sold

    CRMLS: NP20236545

    $4,380,000

    Price

  • Feb 23, 2021

    Date

    Pending

    CRMLS: NP20236545

    $4,500,000

    Price

  • Feb 19, 2021

    Date

    Active Under Contract

    CRMLS: NP20236545

    $4,500,000

    Price

  • Feb 5, 2021

    Date

    Price Change

    CRMLS: NP20236545

    $4,500,000

    Price

  • Jan 13, 2021

    Date

    Price Change

    CRMLS: NP20236545

    $4,680,000

    Price

  • Dec 4, 2020

    Date

    Active

    CRMLS: NP20236545

    $4,682,020

    Price

  • Nov 21, 2020

    Date

    Active Under Contract

    CRMLS: NP20236545

    $4,682,020

    Price

  • Nov 18, 2020

    Date

    Active

    CRMLS: NP20236545

    $4,682,020

    Price

  • Listing provided courtesy of CRMLS

    Peninsula point oceanfront duplex across the street from bay front homes. Original owners built this in 1977. Zoned R-2. Two homes on 1 lot. Total of 5 bedrooms 4 baths and large 4 car garage with storage area. Live in one and rent the other. Some upgrades, mostly original and well maintained. Bring your imagination and designer to enjoy oceanfront living below $5 million. Each floor has gas or wood burning fireplace. Great views of Catalina and Balboa pier. Close enough to walk to Balboa Pier and Balboa business district yet far enough away to be clear of the crowds. New roof in 2017. Price reduced to sell.

  • September, 2020

  • Sep 29, 2020

    Date

    Canceled

    CRMLS: NP20099100

    $4,788,000

    Price

  • May 24, 2020

    Date

    Active

    CRMLS: NP20099100

    $4,788,000

    Price

  • Listing provided courtesy of CRMLS

    Peninsula point oceanfront across the street from bay front homes. Original owners built this in 1977. Zoned R-2. Two homes on 1 lot. Total of 5 bedrooms 4 baths and large 4 car garage with large storage area. Some upgrades , mostly original and well maintained. Bring your imagination and designer to enjoy oceanfront living below $5 million. Each floor has a wood burning fireplace, or can use gas logs, views of the Balboa pier. Have seen whale spouts right out front and you can watch the dolphins swim by. Close enough to walk to Balboa Pier and Balboa business district yet far enough away to be clear of the crowds. New roof in 2017. This is a trust sale priced to sell.

  • September, 2020

  • Sep 1, 2020

    Date

    Expired

    CRMLS: NP20036760

    $4,788,000

    Price

  • Feb 21, 2020

    Date

    Active

    CRMLS: NP20036760

    $4,788,000

    Price

  • Listing provided courtesy of CRMLS

    Prime peninsula point oceanfront location with bay front homes across the street. R-2 zone duplex has an upper 3 bedroom, 2 bath, fireplace, private laundry and balcony with ocean, Catalina and Balboa pier views. Upgraded kitchen with newer appliances. Recent upgraded windows in front of both units. Lower unit 2 bedrooms, 2 baths, fireplace and spacious patio. Lower unit staged. Large 4 car garage with ample storage. Lower unit laundry gas hook ups in garage. New roof 2017

  • July, 2011

  • Jul 11, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1123 E Balboa Blvd

Assessed Value (2020): $555,819
Year Land Value Improved Value Assessed Value
2020 $439,097 $116,722 $555,819

Home Value Compared to the Market

This property vs the competition

1123 E Balboa Blvd is listed 57.01% higher than the median list price for the city of Newport Beach which has a median list price of $4,299,000. The median price per/sqft for Newport Beach is $1,506 and this home is listed at $3445.64 per/sqft which puts the price per square foot 128.79% higher than the median price per square foot for the city of Newport Beach.

About 1123 E Balboa Blvd

Detailed summary of property

1123 E Balboa Blvd is a single family home located in Newport Beach, CA 92661 and is currently for sale. This house offers 5 bedrooms, 4 bathrooms, roughly 1,959 living square feet, and sits on an approximately 2,614 square foot lot. 1123 E Balboa Blvd was first listed on ArdentRealEstateGroup.com on March 1, 2024. The homeowner is currently asking $6,750,000. The median priced home in Newport Beach is $4,299,000 with a median price per square foot of $1,506. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is listed 57.01% higher than the median priced home. Local competing homes currently for sale include 1714 Miramar Dr, 1740 E Ocean Blvd and 500 K St. While the average home in Newport Beach, CA is selling in 75 days, 1123 E Balboa Blvd has a days on market of 44 days. There are currently 260 homes for sale in the Newport Beach real estate market and 192 of them are single family homes while 54 of them are condos and 14 are townhomes. For more information on this home for sale at 1123 E Balboa Blvd Newport Beach, CA 92661 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 1123 E Balboa Blvd

Public county record property details
Beds
--
Baths
--
Year built
1977
Sq. Ft.
1,959
Lot Size
2,587
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
11
APN
048-152-09

The source for these homes facts are from public records.

92661 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$6,750,000
Median List Price/Sq.Ft.
$2,241
Median Sold Price
$11,100,000
Median Sold Price/Sq.Ft.
$2,775
Total Inventory
47
Median Sale to List Price %
94.11%
Avg Days on Market
174
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (33.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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