
Newport Beach, California 92662
This Turnkey Coastal Residence is a Strong Value Opportunity, listed at $4,895,000—positioned well below the $5,360,265 Fair Market Value by 8%. This valuation gap offers $465,265 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the home includes a Chef’s Kitchen, White Oak Flooring, and a Private Spa. Its flexible layout allows for a duplex conversion, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury lifestyle in Little Balboa Island.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1520 Abalone Subject | $4,895,000* List Price | 4 | 5 | 2,410 | $2,303 | - |
A 303 Ruby Sold | $5,900,000 | 4 | 5 | 2,478 | $2,381 | 0.4 mi |
B 121 Garnet Sold | $6,000,000 | 3 | 4 | 2,317 | $2,590 | 0.6 mi |
C 214 Abalone Avenue Active Under Contract | $5,649,000 List Price | 4 | 5 | 2,760 | $2,047 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive 'top to bottom' high-end remodel within the last 5 years. It features premium Wolf and Fisher & Paykel appliances, white oak hardwood flooring, quartz countertops, and modern systems, placing it in mint condition with no maintenance required.
Situated on a coveted corner lot just steps from the bay and Marine Avenue, this property offers the quintessential coastal lifestyle in one of Newport Beach's most prestigious and walkable neighborhoods.
Currently a spacious single-family home, the property offers the rare flexibility to be converted back into a duplex, providing excellent potential for rental income, guest accommodations, or multi-generational living.
The residence features high-end finishes including white oak flooring, a chef’s kitchen with Wolf and Fisher & Paykel appliances, and seamless indoor-outdoor living spaces complete with a private spa.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2614, other record lot size in square feet = 2542. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2410, other record living area = 2090.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2614, living area = 2410.
Despite its proximity to the water, the property only offers 'peek-a-boo' views, which may be a drawback for buyers expecting expansive bay vistas at this luxury price point.
Situated on a picturesque corner lot in the highly coveted Little Balboa Island, this beautifully remodeled residence offers the perfect blend of luxury, flexibility, and effortless coastal living. Just steps from the bay and a short stroll to the charming shops, restaurants, and cafés along Marine Avenue, the location embodies the very best of the Balboa Island lifestyle. Spanning more than 2,400 square feet, the home is currently configured as a spacious single-family residence, yet offers the unique opportunity to convert back to a duplex, creating exceptional flexibility for multi-generational living, private guest accommodations, or income-producing rental opportunities. Thoughtfully reimagined from top to bottom, the home showcases white oak hardwood flooring, refined finishes, and abundant natural light. The lower level is designed for seamless indoor-outdoor living. It features two generously sized bedrooms, one-and-one-half bathrooms, a fully equipped chef’s kitchen with premium appliances, and multiple outdoor entertaining spaces. Sliding doors open to inviting seating areas and a private spa, creating the perfect setting for relaxing or hosting family and friends. Upstairs, a secondary great room welcomes you with a cozy stone fireplace and bifold windows that create an indoor/outdoor feeling. The second-floor kitchen is beautifully appointed with quartz countertops, Wolf and Fisher & Paykel appliances, bar seating, and an open flow to the living and dining areas, making it ideal for entertaining. The upper level also features a spacious primary suite with a spa-inspired bathroom, and an additional en-suite bedroom. Offering a rare combination of turnkey luxury, versatile living options, and an exceptional Little Island location, this is a truly special opportunity to own a beautifully remodeled home in one of Balboa Island’s most sought-after neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 5.0 | 4.0 |
| Square foot | 2,410 | 2,868 |
| Lot Size | 2,614 | 6,914 |
| Price | $4.89M | $4.44M |
| Price per sq ft | $2.0K | $1.6K |
| Built year | 1972 | 1970 |
| HOA | $0 | $430 |
| Days on market | 41 | 59 |
Jun 11, 2026
$4,895,000
Initial Listing
Apr 6, 2021
$2,425,000
Public Record
Jun 20, 2018
$2,535,000
Public Record
Mar 5, 2003
$1,325,000
Public Record
Mar 1, 2001
$1,250,000
Public Record
Aug 29, 2000
$1,060,000
Public Record