1701 E Balboa Boulevard, Newport Beach, California 92661, Newport Beach, 92661 - 5 bed, 6 bath

1701 E Balboa Boulevard
Newport Beach, California 92661
Property Price
SUMMARY
Analysis of 1701 E Balboa Boulevard, Newport Beach, California 92661 reveals a Prime Investment Opportunity with a current list price of $6,800,000—significantly undercutting the $7,634,767 Fair Market Value by 10%. This valuation gap indicates a +$834,767 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
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 | $1,927 | - |
A 2045 E Ocean Boulevard Sold | $6,625,000 | 4 | 5 | 2,972 | $2,229 | 0.2 mi |
B 417 E Bay Active | $5,288,888 List Price | 5 | 6 | 2,602 | $2,033 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Newport Elementary School (9/10).
- Prime Coastal Location
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.
- Expansive Custom Layout
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.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Low Available Lot Utilization
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.
- Limited Outdoor Yard Space
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.
About 1701 E Balboa Boulevard
Echoing the timeless Cape Cod character that defines Balboa Peninsula Point, this custom-built family residence blends classic architectural detailing with expansive, thoughtfully designed living spaces. Situated on a prominent 3,375 square foot sunny corner lot and offering nearly 4,000 square feet of interior living, the home delivers a rare combination of scale, warmth, and coastal sophistication. Rich custom millwork and finely crafted built-ins—speak to the home’s bespoke quality and enduring design. Multiple open-concept living and entertaining areas create a natural flow for both everyday living and large gatherings, while the oversized, professional grade island kitchen—complemented by a separate butler’s pantry—serves as the heart of the home. Walls of glass extend the living spaces onto a spacious terrace, creating a natural indoor-outdoor connection ideal for entertaining, sunset dining, and relaxed gatherings after a day at the beach. A split-level configuration provides both privacy and versatility, perfectly suited for multi-generational living or accommodating visiting family and friends. The residence features five bedrooms plus a dedicated office and five-and-a-half baths, offering comfort and flexibility without compromising style. With water views from the terrace and primary suite, two-car parking in addition to a covered carport, and close proximity to both the bay and the ocean—as well as the iconic Wedge—this home captures the essence of the Peninsula Point lifestyle: timeless, welcoming, and designed for coastal living at its finest.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2005
- Lot Size
- 3,375 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Elementary School
Grades PK-6 • 1.9 mi
Horace Ensign Intermediate School
Grades 7-8 • 2.1 mi
Newport Harbor High School
Grades 9-12 • 2.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 6.0 | 4.0 | 94% |
| Square foot | 3,963 | 2,315 | 90% |
| Lot Size | 3,375 | 2,614 | 84% |
| Price | $6.80M | $4.50M | 68% |
| Price per sq ft | $1.7K | $2.5K | 23% |
| Built year | 2005 | 1990 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 177 | 3% |
Pricing History
Listed for Sale
Feb 26, 2026
$6,800,000
Initial Listing
Sold
Dec 8, 1998
$635,000
Public Record












































