1324 E Balboa Boulevard, Newport Beach, California 92661, Newport Beach, 92661 - 5 bed, 5 bath

1324 E Balboa Boulevard, Newport Beach, California 92661 home-pic-0
ACTIVE$29,750,000
1324 E Balboa Boulevard, Newport Beach, California 92661
5Beds
5Baths
5,453Sqft
7,424Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unrivaled Bayfront Location & Lot Size: Situated on one of the largest bayfront lots on Peninsula Point (7,424 sq ft), this corner property is approximately three times the standard size, offering exceptional space and privacy with only one neighbor.
Top Cons:
Exorbitant Price Point: The list price of nearly $30 million significantly narrows the potential buyer pool to an extremely exclusive and niche market segment.

Compared to the nearby listings

Price:$29.75M vs avg $4.22M (+$25,525,000)96%
Size:5,453 sqft vs avg 2,046 sqft96%
Price/sqft:$5.5K vs avg $2.8K96%

More Insights

Built in 2017 (8 years old).
Condition: This property was custom designed and completed in 2017, making it only 7 years old. The description highlights 'immaculate property,' 'modern amenities,' 'luxury residence,' and 'custom finishes throughout,' including 'beautiful stone, marble and tile work.' The images confirm a pristine 'chef's kitchen' with high-end built-in appliances, modern two-tone cabinetry, quality countertops, and stylish lighting. Bathrooms are implied to be equally opulent given the 'primary suite' description and overall luxury. Flooring is hardwood throughout main living areas, and all visible features are new or virtually new, meeting current quality standards with no deferred maintenance. This perfectly aligns with the 'Excellent' criteria for a property built within 10 years with no physical depreciation.
Year Built
2017
Close
-
List price
$29.75M
Original List price
$29.75M
Price/Sqft
$5,456
HOA
-
Days on market
-
Sold On
-
MLS number
NP25098388
Home ConditionExcellent
Features
Excellent View: Bay, Ocean
Deck
Pool
Spa
Patio
ViewBay, Ocean

About this home

Exquisite panoramic sapphire views are on display from almost every room in this idyllic coastal home. Custom designed by Brandon Architects and completed in 2017 by premier homebuilder Spinnaker Development, this immaculate property has a spacious open floor plan, clean lines, and modern amenities. The luxury residence has a soothing neutral palette of colors and custom finishes throughout, including: a walk-in wine room highlighted with glass walls; custom cabinetry; coffered ceilings; an expansive laundry room with built-in dog bath; and beautiful stone, marble and tile work. The opulent primary suite with balcony has a prominent location highlighting sweeping views of the bay and the peaceful morning sunrise. Three additional oversized bedroom suites, an office, and an attached four-car garage provide spacious accommodations for daily living, while an interior courtyard with a private pool, spa, and water feature, an adjacent billiard or bonus room with a wet bar, a chef’s kitchen, and a great room opening to a loggia on the sand, all provide the ideal backdrop for relaxing with family and friends. Disappearing doors open up the entire first floor of the home to the interior courtyard and the beach. This exceptional Cape Cod inspired home sits on one of the largest bayfront lots on Peninsula Point at 7,424 square feet, a corner lot approximately three times the standard bayfront lot, and has only one neighbor to the west. Its expansive private bay beach and dock fronts the largest width of Newport Bay, providing premium views of summer yacht club races through the harbor and the annual holiday boat parade, as well as ample space to sink your toes in the sand, cool off with a quick dip in the bay, take out a paddleboard, or sail away the day. The dock is approved for up to a 55 foot boat. This is a tremendous opportunity to enjoy the finest in bayfront living and the coveted Newport Beach lifestyle in close proximity to Balboa Village, luxury retail, fine dining, and world-class beaches.

Nearby schools

9/10
Newport Elementary School
Public,PK-61.6mi
7/10
Horace Ensign Intermediate School
Public,7-81.9mi
7/10
Newport Harbor High School
Public,9-122.1mi
Condition Rating
Excellent

This property was custom designed and completed in 2017, making it only 7 years old. The description highlights 'immaculate property,' 'modern amenities,' 'luxury residence,' and 'custom finishes throughout,' including 'beautiful stone, marble and tile work.' The images confirm a pristine 'chef's kitchen' with high-end built-in appliances, modern two-tone cabinetry, quality countertops, and stylish lighting. Bathrooms are implied to be equally opulent given the 'primary suite' description and overall luxury. Flooring is hardwood throughout main living areas, and all visible features are new or virtually new, meeting current quality standards with no deferred maintenance. This perfectly aligns with the 'Excellent' criteria for a property built within 10 years with no physical depreciation.
Pros & Cons

Pros

Unrivaled Bayfront Location & Lot Size: Situated on one of the largest bayfront lots on Peninsula Point (7,424 sq ft), this corner property is approximately three times the standard size, offering exceptional space and privacy with only one neighbor.
Panoramic Bay & Ocean Views: Exquisite panoramic sapphire views of the bay and ocean are available from almost every room, including sweeping views of yacht club races and the annual holiday boat parade.
Custom Designed Modern Luxury: Custom designed by Brandon Architects and built in 2017 by Spinnaker Development, the property features a spacious open floor plan, clean lines, modern amenities, and a soothing neutral palette with custom finishes.
Exceptional Private Amenities: The home boasts an interior courtyard with a private pool, spa, and water feature, a billiard/bonus room with a wet bar, a chef’s kitchen, a private bay beach, and a dock approved for up to a 55-foot boat.
High-End Interior Features: Luxury details include a walk-in wine room with glass walls, custom cabinetry, coffered ceilings, an expansive laundry room with a built-in dog bath, and beautiful stone, marble, and tile work throughout.

Cons

Exorbitant Price Point: The list price of nearly $30 million significantly narrows the potential buyer pool to an extremely exclusive and niche market segment.
Specific Architectural Style: Described as 'Cape Cod inspired,' this architectural style, while luxurious, may not appeal to all ultra-high-net-worth buyers who might prefer more contemporary or Mediterranean designs prevalent in high-end coastal California.
High Maintenance Demands: A property of this scale and with extensive luxury features, including a private pool, spa, large dock, and private beach access, will inherently require significant ongoing maintenance and upkeep costs.

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