
Newport Beach, California 92661
This Mid-Century Modern Single Family Residence is a Strong Value Opportunity, listed at $5,400,000—positioned slightly above the $5,254,721 Fair Market Value. While the property commands a premium, its Condition Rating of 3 ensures a turnkey experience with a Granite Kitchen and Private Patio. Located in the prestigious Peninsula Point, it offers proximity to Newport Elementary (9/10) and world-class coastal recreation. This property balances lifestyle luxury with long-term stability, making it an ideal acquisition for Luxury Homeowners or Owner-Occupants seeking a premier coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1735 E Ocean Subject | $4,995,000* List Price | 3 | 2 | 1,569 | $2,918 | - |
A 2156 E Ocean Sold | $3,800,000 | 3 | 2 | 1,069 | $3,555 | 0.3 mi |
B 1617 E Balboa Boulevard Active | $5,638,000 List Price | 4 | 3 | 2,078 | $2,713 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1947, this property has undergone significant renovations to maintain its Mid-Century Modern appeal. The kitchen is updated with granite countertops and stainless steel appliances, and the interior features well-maintained flooring and clean architectural lines. It is move-in ready and functional, fitting the 5-15 year renovation window for a 'Good' rating.
Elementary School: Newport Elementary School (9/10).
Situated in the prestigious Balboa Peninsula Point, the property offers unparalleled access to The Wedge, Newport Harbor, and world-class beaches, making it a premier lifestyle destination.
The home features iconic open-beam ceilings and a seamless indoor-outdoor flow through sliding glass doors, preserving a timeless and highly desirable aesthetic.
At a list price of $5.4M for 1,569 square feet, the property commands a significant premium that may challenge buyers seeking more interior living space for the investment.
The 3,675 square foot lot is relatively compact for the price point, which may limit future expansion possibilities or extensive private outdoor landscaping.
Experience timeless coastal living in one of Newport Beach's most coveted locations. Situated on the highly desirable Peninsula Point, this beautifully maintained 3-bedroom, 2-bathroom Mid-Century Modern residence offers the perfect blend of classic architecture, spacious indoor-outdoor living, and an unbeatable lifestyle just moments from both the sand and the harbor. Inside, the living spaces are filled with natural light and showcase clean architectural lines, open-beam ceilings, and sliding glass doors that create a seamless connection between the indoors and the private outdoor patio. The generous floor plan offers three well-appointed bedrooms and two bathrooms, creating comfortable accommodations for both everyday living and entertaining. The spacious great room flows effortlessly into the dining area and kitchen, featuring granite countertops, stainless steel appliances, abundant cabinetry, and a breakfast bar ideal for casual meals or gathering with family and friends.Designed for entertaining, the home features multiple inviting living spaces, a game room complete with a billiards table, and thoughtfully curated Mid-Century-inspired details throughout. Located just moments from the Pacific Ocean, Newport Harbor, the Balboa Pier, The Wedge, waterfront dining, boutique shopping, and world-class recreation, this exceptional property offers the opportunity to enjoy one of Newport Beach's most sought-after coastal communities. Whether you're searching for a full-time residence, weekend retreat, or investment opportunity, this home embodies the quintessential Newport Beach lifestyle.
No exterior & parking available.
Grades PK-6 • 1.9 mi
Grades 7-8 • 2.2 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.8 |
| Square foot | 1,569 | 2,729.518 |
| Lot Size | 3,675 | 6,677.813 |
| Price | $5.00M | $4.20M |
| Price per sq ft | $3.2K | $1.6K |
| Built year | 1947 | 1972 |
| HOA | $0 | $414 |
| Days on market | 44 | 63 |
Aug 29, 2026
$4,995,000
$5,400,000
-7% Price Drop
Initial Listing
Jul 27, 2026
$5,400,000
Initial Listing
May 15, 2007
$1,940,000
Public Record