
Newport Beach, California 92661
This Custom Cape Cod Coastal Residence is a High-Potential Investment Opportunity, listed at $6,800,000—positioned well below the $7,634,768 Fair Market Value by 10%. This valuation gap offers $834,768 in Instant Equity. Boasting a Good Condition Rating, the 3,963 sqft interior features a gourmet island kitchen and custom millwork near the top-rated Newport Elementary School. Located in the coveted Balboa Peninsula Point, this home balances elite coastal living with substantial financial upside. It is ideal for Owner-Occupants or Luxury Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1701 E Balboa Boulevard Subject | $6,800,000* List Price | 5 | 6 | 3,963 | $1,861 | - |
A 1508 E Balboa Boulevard Active | $6,995,000 List Price | 4 | 6 | 3,316 | $2,109 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005, this property fits the 10-20 year age criteria for a 'good' condition score. The home is move-in ready and features high-quality custom millwork, professional-grade kitchen appliances, and well-maintained hardwood flooring. While the kitchen and bathroom styles reflect the original 2005 construction rather than a recent modern renovation, the materials are premium and show minimal wear, indicating excellent upkeep of major systems and finishes.
Elementary School: Newport Elementary School (9/10).
Situated on a prominent corner lot in the exclusive Balboa Peninsula Point, the property offers immediate proximity to both the bay and the ocean, including the iconic Wedge surf spot.
With nearly 4,000 square feet of interior living space, this residence features a rare five-bedroom plus office configuration and a split-level design perfectly suited for multi-generational living.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3375, living area = 3963.
Due to the large interior footprint on a 3,375 square foot lot, the property lacks a traditional backyard, relying primarily on a terrace for outdoor living.
Cape Cod–style coastal home in coveted Balboa Peninsula Point, Newport Beach. Nearly 4,000 square feet of living space featuring five bedrooms plus an office, water views, and a spacious indoor-outdoor entertaining terrace, all just moments from the ocean, bay,and the iconic Wedge surf break. Echoing the timeless Cape Cod character that defines Balboa Peninsula Point, this custom-built residence blends classic architectural detailing with expansive, thoughtfully designed living spaces. Inside, the home unfolds with an uncommon sense of scale, warmth, and refined coastal sophistication, creating an inviting setting for both everyday living and relaxed coastal entertaining. Rich custom millwork, classic wainscoting, and finely crafted built-ins highlight the home’s bespoke craftsmanship and enduring design. Multiple open-concept living and entertaining areas flow seamlessly together, while the oversized professional-grade island kitchen—complete with a separate butler’s pantry—anchors the heart of the home. Walls of glass open to a generous terrace, creating effortless indoor-outdoor living ideal for sunset dining, coastal entertaining, and relaxed gatherings after a day at the beach. A thoughtful split-level layout provides privacy and versatility, perfectly suited for multi-generational living or welcoming extended stays from family and friends. The residence offers five bedrooms plus a dedicated office and five-and-a-half baths, delivering both comfort and flexibility without compromising style. Water views from the terrace and primary suite, two-car garage parking plus a covered carport, and close proximity to both the bay and the ocean—including the famed Wedge surf break—complete this exceptional Peninsula Point offering. Timeless, welcoming, and designed for the Peninsula Point coastal lifestyle, this home presents a rare opportunity to enjoy one of Newport Beach’s most sought-after beach communities.
No exterior & parking available.
Grades PK-6 • 1.9 mi
Grades 7-8 • 2.1 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.5 | 83% |
| Baths | 6.0 | 4.0 | 92% |
| Square foot | 3,963 | 2,561.5 | 88% |
| Lot Size | 3,375 | 2,614 | 75% |
| Price | $6.80M | $5.17M | 63% |
| Price per sq ft | $1.7K | $2.5K | 29% |
| Built year | 2005 | 1959 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 212 | 8% |
Feb 26, 2026
$6,800,000
Initial Listing
Dec 8, 1998
$635,000
Public Record