1617 E Balboa Boulevard, Newport Beach, California 92661, Newport Beach, 92661 - 4 bed, 3 bath
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Newport Beach, California 92661
This Turnkey Cape Cod Residence is listed at $5,888,000, reflecting a premium valuation consistent with its prime location. While the list price exceeds the estimated market value, the property offers an Excellent Condition Rating with high-end updates, including a 6-burner Viking range, heated bathroom floors, and a private courtyard deck. Situated in the exclusive Peninsula Point enclave near Newport Elementary (9/10), this home provides a rare, meticulously maintained lifestyle opportunity. It is an ideal acquisition for discerning luxury buyers or owner-occupants seeking a move-in ready coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1617 E Balboa Boulevard Subject | $5,888,000* List Price | 4 | 3 | 2,078 | $2,636 | - |
A 2029 Miramar Drive Sold | $4,500,000 | 4 | 3 | 1,826 | $2,464 | 0.3 mi |
B 116 E Oceanfront Sold | $5,770,000 | 3 | 3 | 2,007 | $2,875 | 1.0 mi |
C 1730 E Ocean Boulevard Active | $4,995,000 List Price | 3 | 3 | 2,200 | $2,270 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1929, the property has been well-maintained and thoughtfully updated. The kitchen features high-end Viking appliances and new quartz countertops, and the bathrooms have been modernized with features like heated floors. The overall condition is move-in ready with functional systems and quality finishes, fitting the 5-15 year renovation window.
Elementary School: Newport Elementary School (9/10).
Situated in the exclusive Peninsula Point enclave, this property offers an enviable lifestyle just steps from the sand and within walking distance to the world-famous 'Wedge' surf spot and Balboa Village.
Held by the same family since 1992 and never utilized as a rental, the home reflects a rare level of pride in ownership and meticulous maintenance that preserves its timeless Cape Cod charm.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Despite the premium multi-million dollar price point and proximity to the ocean, the property does not offer the water or sunset views typically sought after in this coastal bracket.
At approximately 2,078 square feet on a modest 3,080 square foot lot, the property may feel restrictive for buyers looking for expansive living areas or significant outdoor yard space.
Tucked into the quiet, coveted enclave of The Peninsula Point, this classic Cape Cod offers timeless charm just steps from the sand, walk to the famous surfing point, The Wedge or the Balboa Village. Owned by the same family since 1992 and never rented, this 4 bedroom, 3 bath residence has been maintained and thoughtfully updated over the years. Beamed ceilings, crown molding, and warm wood flooring set the tone throughout. The kitchen has been updated featuring new quartz's countertops, a 6-burner Viking range, and a double oven, makes this home functional as it is beautiful. A main floor bedroom and bath add flexibility, while the primary suite upstairs offers a private retreat which includes a private deck overlooking the courtyard. The primary bathroom included duel sinks and heated floors. Outside, a brick, concrete patio framed by mature landscaping a perfect setting for indoor-outdoor living. The great room has high ceiling, beams with a gas fireplace, perfect for family gatherings. The home includes a 2 car garage. This true Cap Cod beauty has character throughout and a rare opportunity to own a piece of the Peninsula Point.
No exterior & parking available.
Grades PK-6 • 1.8 mi
Grades 7-8 • 2.1 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 4.0 |
| Square foot | 2,078 | 2,868 |
| Lot Size | 3,080 | 6,914 |
| Price | $5.89M | $4.44M |
| Price per sq ft | $2.8K | $1.6K |
| Built year | 1929 | 1970 |
| HOA | $0 | $430 |
| Days on market | 7 | 59 |
Jul 15, 2026
$5,888,000
Initial Listing
Dec 23, 1996
$450,000
Public Record