REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Mark Todd • Compass
$ 8,088,000
Est. payment /mo
New
1509 W Balboa Boulevard Newport Beach, CA 92663
3,349 SqFt
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,349 sqft
Price per Sqft $2,415
MLS Listing ID CRNP25132550
HOA Y/N No
Year Built 2025
Lot Size 2,575 Sqft
Property Sub-Type OTHER
Source Datashare California Regional
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 six 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 condominiums
Location
State CA
County Orange
Interior
Heating Central
Cooling Central Air
Flooring See Remarks
Fireplace No
Window Features ENERGY STAR Qualified Windows
Laundry Laundry Room
Exterior
View Bay, City Lights, Marina, Mountain(s), Water, Other, Ocean
Handicap Access Other, See Remarks
Building
Lot Description Corner Lot
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
GET MORE INFORMATION
QUICK SEARCH