RealKey
‪(213) 433-7766‬

1509 W Balboa Boulevard, Newport Beach, California 92663, Newport Beach, 92663 - bed, bath

1509 W Balboa Boulevard, Newport Beach, California 92663 home-pic-0
ACTIVE$8,088,000
1509 W Balboa Boulevard, Newport Beach, California 92663
0Bed
0Bath
3,349Sqft
2,575Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Coastal Location & Views: Situated on a premium corner lot in the prestigious Balboa Peninsula, offering immediate access to both the Pacific Ocean and Newport Harbor, complemented by extensive views including Bay, City Lights, Harbor, Marina, Ocean, and Water.
Top Cons:
Delayed Occupancy & Income: As new construction, the property will not be ready for occupancy or income generation until its projected completion in February 2026, requiring a waiting period for investors or end-users.

Compared to the nearby listings

Price:$8.09M vs avg $1.56M (+$6,525,500)98%
Size:3,349 sqft vs avg 1,357 sqft98%
Price/sqft:$2.4K vs avg $90098%

More Insights

Built in 2025 (0 years old).
Condition: This property is brand new construction, built in 2025 and slated for completion in February 2026. The listing explicitly states it's a 'luxury duplex with an ADU' featuring 'contemporary architecture' and 'high-end' design. The provided renderings showcase state-of-the-art kitchens with integrated appliances, sleek flat-panel cabinetry, and waterfall islands, alongside luxurious bathrooms with freestanding tubs, glass-enclosed showers, and modern vanities. All components will be new, meeting the highest current quality standards with no deferred maintenance.
Year Built
2025
Close
-
List price
$8.09M
Original List price
$8.09M
Price/Sqft
$2,415
HOA
-
Days on market
-
Sold On
-
MLS number
NP25132550
Home ConditionExcellent
Features
Excellent View: Bay, City Lights, Harbor, Landmark, Marina, Mountain(s), Neighborhood, Ocean, Water
Deck
ViewBay,City Lights,Harbor,Landmark,Marina,Mountain(s),Neighborhood,Ocean,Water

About this home

Revuelto Construction presents a luxury duplex with an ADU 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 features 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 development includes six bedrooms and six bathrooms across 2 units plus an ADU, each designed to maximize indoor-outdoor living. Expansive private decks, ample parking, and contemporary architecture contribute to a highly desirable end product. This opportunity is further strengthened by the rarity of corner-lot development sites on the Balboa Peninsula. Demand remains strong for Newport Beach condominiums, which consistently outperform Orange County averages in both appreciation and occupancy—particularly in the rental market. This legacy project is positioned to command a design premium, translating to elevated per-square-foot pricing. This is a unique chance to create lasting value in one of Southern California’s most sought-after coastal enclaves. ++++New Construction Ready February 2026++++

Condition Rating
Excellent
This property is brand new construction, built in 2025 and slated for completion in February 2026. The listing explicitly states it's a 'luxury duplex with an ADU' featuring 'contemporary architecture' and 'high-end' design. The provided renderings showcase state-of-the-art kitchens with integrated appliances, sleek flat-panel cabinetry, and waterfall islands, alongside luxurious bathrooms with freestanding tubs, glass-enclosed showers, and modern vanities. All components will be new, meeting the highest current quality standards with no deferred maintenance.
Pros & Cons

Pros

Prime Coastal Location & Views: Situated on a premium corner lot in the prestigious Balboa Peninsula, offering immediate access to both the Pacific Ocean and Newport Harbor, complemented by extensive views including Bay, City Lights, Harbor, Marina, Ocean, and Water.
New Luxury Construction & Design: A brand-new luxury duplex with an ADU, designed by Iconic Architecture and built by Revuelto Construction, featuring contemporary architecture and high-end finishes, ensuring modern appeal and minimal immediate maintenance.
Strong Investment & Income Potential: The multi-unit configuration (duplex + ADU) in a high-demand coastal micro-market offers significant financial upside, strong rental rates, and consistent appreciation, outperforming Orange County averages.
Unique Corner Lot Rarity: The property benefits from its premium corner lot status, a rare and highly sought-after development opportunity on the Balboa Peninsula, enhancing its exclusivity and long-term value.
Thoughtful Layout & Amenities: Designed to maximize indoor-outdoor living with expansive private decks, ample parking, and a total of six bedrooms and six bathrooms across the units, catering to a luxurious lifestyle.

Cons

Delayed Occupancy & Income: As new construction, the property will not be ready for occupancy or income generation until its projected completion in February 2026, requiring a waiting period for investors or end-users.
High Price Point: The list price of $8,088,000 represents a substantial investment, which significantly narrows the pool of potential buyers and investors.
Market Volatility During Construction: With over a year until completion, the investment is subject to potential shifts in the real estate market or unforeseen construction delays, which could impact projected returns or final valuation.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state