
Newport Beach, California 92661
This Ready-to-Build Custom Development is listed at $4,150,000, offering a stable acquisition at its $4,144,237 Fair Market Value. This RTI (Ready-to-Build) project includes approved plans for a 3,017 sq. ft. modern residence featuring a private elevator, chef’s kitchen, and an expansive rooftop deck. Boasting a New Construction Condition Rating, the plans eliminate years of coastal permitting hurdles. Situated in the exclusive Balboa Peninsula Point near the 9/10 rated Newport Elementary School, this is an ideal opportunity for Custom Home Seekers or Boutique Developers.
Property is new construction or fully renovated.
This is a 2026 new construction RTI (Ready to Build) project featuring ultra-modern architectural design. The approved plans specify high-end features including a chef's kitchen with an oversized island, a luxury primary suite with a spa-style bath and soaking tub, an elevator, and EV charging capabilities, all meeting the highest current quality standards.
Elementary School: Newport Elementary School (9/10).
Situated in the exclusive Balboa Peninsula Point, this property offers unparalleled access to both the beach and Newport Bay, within walking distance of the Balboa Fun Zone and local amenities.
The sale includes fully approved plans for a modern 3,017 sq. ft. residence, significantly reducing the typical multi-year lead time and complexity associated with coastal development permits.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2450, living area = 3017.
The $4.15M list price covers only the land and approved plans; the buyer must secure additional financing and management for the actual construction of the residence.
With permits not anticipated until late 2025, the property is not suitable for buyers seeking immediate occupancy, as the construction phase will extend the move-in timeline significantly.
READY TO BUILD - Approved Plans will be delivered at the Escrow– RTI Project Rare opportunity to build a custom residence on the iconic Balboa Peninsula Point. This prime location is just steps from the beach and within walking distance of the Balboa “Fun Zone,” shops, restaurants, Newport Bay, Balboa Pier, Ferry, and Village. Approved plans showcase a stunning 3-level design offering 3,017 sq ft., 4 bedrooms + office, and 4.5 baths, with an elevator for easy access. The main level features a chef’s kitchen with oversized island, bar seating, and an airy living area that opens to a front patio through floor-to-ceiling glass doors—perfect for indoor/outdoor living. The second level includes a private primary suite with spa bath, soaking tub, walk-in shower, dual vanities, balcony, and large walk-in closet. Two additional en-suite bedrooms complete this floor. The third level offers another bedroom and bath, plus direct access to an expansive 1,100+ sq ft. rooftop deck with both covered and open lounging areas—an entertainer’s dream. Additional highlights include an oversized 2-car garage with EV charging capabilities, ample storage, and a carport for a third vehicle. Permits & plans anticipated in December 2025. A rare chance to customize and create your dream home in one of Southern California’s most sought-after coastal communities. Price includes only the lot and plans. It doesn't include construction cost.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 5.0 | 4.0 | 75% |
| Square foot | 3,017 | 2,561.5 | 71% |
| Lot Size | 2,450 | 2,614 | 46% |
| Price | $4.15M | $4.58M | 42% |
| Price per sq ft | $1.4K | $2.5K | 4% |
| Built year | 2026 | 1959 | 96% |
| HOA | $0 | $0 | 50% |
| Days on market | 197 | 211 | 38% |
Oct 7, 2025
$4,150,000
Initial Listing