308 Grand Canal, Newport Beach, California 92662, Newport Beach, 92662 - 3 bed, 5 bath
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Newport Beach, California 92662
This Exquisite Waterfront Sanctuary is listed at $8,995,000, representing a premier Move-In Ready Home on Little Island. Boasting an Excellent Condition Rating, the 2017 residence features bespoke interiors by Michael Smith, a chef’s kitchen with Wolf and Sub-Zero appliances, and a private dock for coastal access. While the Fair Market Value is $7,726,430, the property’s Bay and Grand Canal views, roof deck, and elevator justify its standing as a top-tier luxury offering. Located within the Newport Mesa Unified district, it is the ultimate choice for luxury lifestyle seekers or Owner-Occupants desiring a turnkey, designer-caliber home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 308 Grand Canal Subject | $8,995,000* List Price | 3 | 5 | 2,181 | $3,543 | - |
A 1201 N Bay Front Sold | $7,950,000 | 4 | 4 | 2,724 | $2,919 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
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.
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.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 5.0 | 4.0 | 76% |
| Square foot | 2,181 | 2,181 | 50% |
| Lot Size | 2,175 | 2,550 | 12% |
| Price | $8.99M | $4.88M | 88% |
| Price per sq ft | $4.1K | $2.3K | 94% |
| Built year | 2017 | 1953 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 69 | 208 | 18% |
Feb 12, 2026
$8,995,000
Initial Listing
Apr 18, 2022
$7,650,000
Public Record
Aug 18, 2017
$4,625,000
Public Record
May 12, 2015
$1,100,000
Public Record
Dec 31, 2013
$2,100,000
Public Record