322 Grand Canal, Newport Beach, California 92662, Newport Beach, 92662 - 3 bed, 3 bath
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Newport Beach, California 92662
This Move-In Ready Waterfront Cottage is listed at $4,750,000, representing a rare lifestyle opportunity on the exclusive Little Balboa Island. While the Fair Market Value is $4,160,421, the premium reflects the property's highly coveted private dock and two shore moorings providing direct harbor access. Maintaining a Good Condition Rating, the home showcases a renovated kitchen and wide-plank flooring that blend timeless charm with modern luxury. Situated in the Newport Mesa Unified district, this coastal sanctuary is ideal for boating enthusiasts or luxury lifestyle seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 322 Grand Canal Subject | $4,750,000* List Price | 3 | 3 | 1,653 | $2,517 | - |
A 117 117 Abalone Sold | $3,500,000 | 4 | 3 | 1,611 | $2,173 | 0.2 mi |
B 316 Diamond Avenue Sold | $4,225,000 | 3 | 4 | 2,078 | $2,033 | 0.3 mi |
C 135 Turquoise Avenue Sold | $3,350,000 | 4 | 2 | 1,455 | $2,302 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1956 waterfront cottage has been thoughtfully updated and is in move-in ready condition. The interiors feature modern wide-plank flooring, updated light fixtures, and a stylishly renovated kitchen with integrated appliances and contemporary finishes. While some elements like the yellow pedestal sink in one bathroom retain a vintage feel, the overall quality of the renovations and the well-maintained state of the property align with a high-quality 'good' rating.
The property features a private dock and two shore moorings with direct harbor access, offering a premier boating experience on the tranquil Grand Canal.
Situated on the highly coveted Little Balboa Island, this home provides a peaceful residential atmosphere while remaining steps away from the boutique shopping and dining on Marine Avenue.
This classic 1950s cottage has been thoughtfully updated with enhanced flooring and kitchen finishes, successfully blending timeless character with contemporary comfort.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1653, other record living area = 1339.
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 = 1653.
With 1,653 square feet of living space on a 2,175 square foot lot, the property may feel restrictive for buyers seeking a more expansive estate or larger yard.
LITTLE BALBOA ISLAND WATERFRONT Charming 2-story cottage featuring 3 bedrooms and 3 bathrooms with tranquil canal and bay views. Designed for the island lifestyle, the property features a private dock with direct harbor access, two shore moorings for boats up to 18 feet, and a peaceful private patio for outdoor living—perfect for relaxing or entertaining after a day on the Bay. Thoughtfully updated, the interiors feature enhanced flooring and kitchen finishes that complement the home’s timeless character. Located just moments from Marine Avenue, enjoy proximity to boutique shopping, acclaimed dining, and the vibrant yet relaxed charm that defines Balboa Island. This property presents a rare opportunity to own on the Little Island in one of Newport Beach’s most desirable waterfront communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,653 | 2,078 | 35% |
| Lot Size | 2,175 | 2,550 | 12% |
| Price | $4.75M | $4.75M | 50% |
| Price per sq ft | $2.9K | $2.3K | 88% |
| Built year | 1956 | 1953 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 208 | 18% |
Mar 25, 2026
$4,750,000
Initial Listing
Apr 9, 2021
$3,000,000
Public Record
Jun 28, 2004
$100,500
Public Record