308 Grand Canal, Newport Beach, California 92662, Newport Beach, 92662 - 3 bed, 5 bath

308 Grand Canal, Newport Beach, California 92662 home-pic-0

308 Grand Canal

Newport Beach, California 92662

ACTIVE
CONDITION: EXCELLENT
3Beds
5Baths
2,181Sq Ft
2,175Lot Size

Property Price

LIST PRICE$8,995,000
EST. MARKET VALUE
$7,726,429
16% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$7,726,429
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
308 Grand Canal
Subject
$8,995,000*
List Price
352,181$3,543-
A
1201 N Bay Front
Sold
$7,950,000442,724$2,9190.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Built in 2017, this luxury waterfront residence is well within the 10-year threshold for an excellent rating. The property features high-end designer finishes by Michael Smith, including a chef's kitchen with Wolf and Sub-Zero appliances, marble-clad bathrooms with heated floors, and advanced home automation systems like Control4 and Lutron. All components are modern, high-quality, and show no signs of deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Waterfront Location

    Situated on the exclusive 'Little Island' of Balboa, this property offers 30 feet of canal frontage and a private dock, providing a rare and highly coveted Newport Beach lifestyle.

  • High-End Designer Finishes

    The home features bespoke interiors by renowned designer Michael Smith, including hand-carved mantels, Wolf and Sub-Zero appliances, and an elevator servicing all three levels.

  • Superior Outdoor Living

    The residence maximizes its footprint with a heated covered patio, a wrap-around primary balcony, and a third-floor roof deck with a kitchenette, perfect for year-round entertaining.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 2181, other record living area = 2408. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.

  • 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 = 2175, living area = 2181.

  • High Price Per Square Foot

    At an asking price of nearly $9 million for approximately 2,181 square feet, the property represents a significant premium that may be a hurdle for value-conscious buyers.

About 308 Grand Canal

An exquisite Balboa Island residence poised to deliver the very best of Newport Beach living. Set within the coveted "Little Island," this pristine waterfront oasis offers 30’ of frontage and a private dock accommodating a vessel up to 18’. Swoon-worthy interiors by renowned designer Michael Smith span approximately 2,181 square feet over three levels and incorporate stylish touches such as hand-carved fireplace mantels, bespoke draperies, custom window treatments, wall coverings, and designer faucets/fixtures throughout. Anchored by a custom fireplace, the open-plan living area is accoutered with beamed ceilings, accordion glass doors, stone flooring, built-in shelving, and electric Lutron shades that open to reveal a soothing backdrop of the bay. Outside, entertain and dine al fresco in the heated covered patio made for year-round enjoyment. Tailored to modern tastes, the chef’s kitchen is dressed in stone countertops, subway tile backsplash, white shaker cabinetry, heated floors, and built-in Wolf and Sub-Zero appliances. Rounding out the main level is a breakfast nook, half bath, and 84-bottle wine room with storage racks. A curved wooden staircase rises to the second level where all three generously proportioned en suite bedrooms reside including the opulent fireplace-warmed primary suite equipped with two large walk-in California Closets, spa-like bath outfitted in marble, heated floors, discrete built-in refrigerator, and accordion glass doors that lead to a private wrap-around balcony with heated flooring. Crowning the home on the third floor is an exercise room with an en suite bath and an executive office featuring wood flooring and lighted, built-in display cases and cabinets. Beyond, the view roof deck is the idyllic entertainment venue with covered and uncovered spaces serviced by a kitchenette for easy hosting. Additional highlights include an ELEVATOR servicing all three levels, Control4 AV and lighting system, Hikvision security camera system, Electrolux washer/dryer, TOTO toilet/bidet, electric-powered blinds in living room and primary bedroom, and two-car garage with built-in cabinets/storage. Set near picturesque beaches, shopping, dining, Lido House Hotel, and championship golf courses, in an exclusive waterfront community, the dream comes alive at 308 Grand Canal.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2017
Lot Size
2,175 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
5 (5 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths5.03.0
82%
Square foot2,1812,129.5
50%
Lot Size2,1752,550
9%
Price$8.99M$4.46M
91%
Price per sq ft$4.1K$2.3K
95%
Built year20171959
91%
HOA$0$0
50%
Days on market23195
5%

Pricing History

Listed for Sale

Feb 12, 2026

$8,995,000

Initial Listing

Sold

Apr 18, 2022

$7,650,000

Public Record

Sold

Aug 18, 2017

$4,625,000

Public Record

Sold

May 12, 2015

$1,100,000

Public Record

Sold

Dec 31, 2013

$2,100,000

Public Record

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