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

1701 E Balboa Boulevard, Newport Beach, California 92661 home-pic-0

1701 E Balboa Boulevard

Newport Beach, California 92661

ACTIVE
CONDITION: GOOD
5Beds
6Baths
3,963Sq Ft
3,375Lot Size

Property Price

LIST PRICE$6,800,000
EST. MARKET VALUE
$7,634,767
10% BelowMARKET VALUE

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

$7,634,767 +$834,767 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1701 E Balboa Boulevard
Subject
$6,800,000*
List Price
563,963$1,927-
A
2045 E Ocean Boulevard
Sold
$6,625,000452,972$2,2290.2 mi
B
417 E Bay
Active
$5,288,888
List Price
562,602$2,0330.9 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

9/10

Horace Ensign Intermediate School

Grades 7-8 • 2.1 mi

7/10

Newport Harbor High School

Grades 9-12 • 2.3 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.0
90%
Baths6.04.0
94%
Square foot3,9632,315
90%
Lot Size3,3752,614
84%
Price$6.80M$4.50M
68%
Price per sq ft$1.7K$2.5K
23%
Built year20051990
65%
HOA$0$0
50%
Days on market9177
3%

Pricing History

Listed for Sale

Feb 26, 2026

$6,800,000

Initial Listing

Sold

Dec 8, 1998

$635,000

Public Record

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