1508 E Balboa Boulevard, Newport Beach, California 92661, Newport Beach, 92661 - 4 bed, 6 bath
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Newport Beach, California 92661
This "Nautical Haus" Coastal Residence is a Prime Investment Opportunity, listed at $6,995,000—positioned well below the $7,293,381 Fair Market Value by 4%. This valuation gap offers $298,381 in Instant Equity for buyers. Built in 2015, the home maintains a Move-in Ready Condition Rating featuring Calacatta marble, an elevator, and a 9/10 rated Newport Elementary School location. With three levels of outdoor living and tranquil bay views, this is an ideal acquisition for Owner-Occupants or Luxury Homebuyers seeking a sophisticated lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1508 E Balboa Boulevard Subject | $6,995,000* List Price | 4 | 6 | 3,316 | $2,199 | - |
A 1515 E Ocean Boulevard Sold | $6,750,000 | 4 | 4 | 3,016 | $2,238 | 0.1 mi |
B 2149 E Ocean Boulevard Sold | $6,550,000 | 3 | 5 | 2,715 | $2,413 | 0.5 mi |
C 318 Coronado Street Sold | $6,415,000 | 3 | 5 | 2,565 | $2,501 | 0.8 mi |
D 314 Anade Avenue Sold | $5,700,000 | 4 | 5 | 2,315 | $2,462 | 1.0 mi |
E 1305 E Balboa Boulevard Sold | $6,925,000 | 3 | 4 | 2,634 | $2,629 | 0.2 mi |
F 503 J Street Active | $8,988,000 List Price | 4 | 6 | 3,577 | $2,513 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2015, this luxury coastal residence features high-end modern finishes including a Calacatta marble kitchen island, custom cabinetry, and premium appliances. The home is move-in ready with sophisticated upgrades such as a Control4 smart home system, an elevator, and designer lighting, meeting current quality standards with no deferred maintenance.
Elementary School: Newport Elementary School (9/10).
Situated in the exclusive Peninsula Point, the property offers a serene, less-traveled environment while remaining steps from iconic landmarks like The Wedge, Newport Harbor, and world-class beaches.
Built in 2015, this residence features high-end finishes like Calacatta marble, a Control4 smart home system, and a rare elevator servicing all three levels, ensuring long-term accessibility and modern convenience.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2700, living area = 3316.
With a lot size of only 2,700 square feet, the property lacks traditional yard space, which may be a drawback for buyers seeking private green areas or significant separation from neighbors.
Located on E Balboa Boulevard, the property is positioned on the main artery of the peninsula, which can result in increased noise and traffic congestion during peak summer months and tourist seasons.
Known as the “Nautical Haus,” this chic seaside residence embodies refined coastal living in Newport Beach’s coveted Peninsula Point. Thoughtfully designed across three levels, the home blends timeless elegance with modern sophistication, offering light-filled interiors, tasteful finishes, and a seamless indoor-outdoor lifestyle. The main level showcases an open-concept floor plan ideal for entertaining, where the living and dining areas flow effortlessly into a gourmet kitchen anchored by a striking Calacatta marble island. Custom cabinetry, premium appliances, and designer lighting create a polished yet welcoming atmosphere. An enclosed front patio extends the living space, capturing ocean breezes and the relaxed energy of the Peninsula. Upstairs, a stunning primary suite offers tranquil bay views and a spa-inspired bath with dual vanities, a soaking tub, and a walk-in shower. Beautifully appointed guest suites provide comfort and privacy, making the home equally suited for everyday living or a luxurious beach retreat. Indoor-outdoor enjoyment continues with an oversized second-level deck and a third-floor viewing deck where you can take in harbor activity and passing yachts. Additional highlights include an elevator servicing all levels, elegant statement chandeliers, and a Control4 smart home automation system for effortless living. A two-car garage completes this move-in ready coastal home. Ideally positioned just moments from The Wedge, Newport Harbor, Balboa Beach, the ferry, and the Fun Zone, Peninsula Point offers a quieter, less-traveled setting at the tip of the Balboa Peninsula. World-class surfing, boating, paddleboarding, and waterfront dining are all within easy reach, delivering the ultimate Newport Beach lifestyle.
No exterior & parking available.
Grades PK-6 • 1.7 mi
Grades 7-8 • 2.0 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 6.0 | 4.0 | 92% |
| Square foot | 3,316 | 2,561.5 | 83% |
| Lot Size | 2,700 | 2,614 | 54% |
| Price | $7.00M | $5.17M | 67% |
| Price per sq ft | $2.1K | $2.5K | 42% |
| Built year | 2015 | 1959 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 212 | 4% |
Mar 13, 2026
$6,995,000
Initial Listing
Jan 25, 2021
$3,450,000
Public Record
Jan 19, 2021
$36,000,000
Public Record
Feb 1, 2019
$3,100,000
Public Record
Apr 28, 2017
$3,565,000
Public Record
Feb 2, 2015
$1,675,000
Public Record
Nov 19, 2013
$1,500,000
Public Record