
Newport Beach, California 92662
This Versatile Waterfront Residence is listed at $5,995,000—positioned below the $6,044,671 Fair Market Value by 1%. This valuation provides $49,671 in Instant Equity. Maintaining a Condition Rating of 3, the home features a private dock, rooftop deck with panoramic canal views, and a rare two-car plus golf cart garage. Its unique dual-kitchen configuration supports multi-generational living within the prestigious Newport Mesa Unified district. This property is an exceptional acquisition for Owner-Occupants seeking a coastal sanctuary or Visionary Investors looking to capitalize on a prime Balboa Island lot.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 325 Grand Canal Subject | $5,995,000* List Price | 4 | 4 | 2,542 | $2,378 | - |
A 115 N Bay Front Sold | $6,100,000 | 3 | 3 | 2,528 | $2,413 | 0.6 mi |
B 112 Ruby Avenue Sold | $4,875,000 | 4 | 3 | 2,766 | $1,762 | 0.4 mi |
C 121 Garnet Sold | $6,000,000 | 3 | 4 | 2,317 | $2,590 | 0.6 mi |
D 126 Ruby Avenue Sold | $5,500,000 | 3 | 5 | 2,429 | $2,264 | 0.4 mi |
E 316 Diamond Avenue Sold | $4,225,000 | 3 | 4 | 2,078 | $2,033 | 0.3 mi |
F 201 Emerald Avenue Sold | $6,400,000 | 3 | 3 | 2,355 | $2,718 | 0.6 mi |
G 1520 Abalone Active | $4,995,000 List Price | 4 | 5 | 2,450 | $2,039 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and appears well-maintained despite its 1960s expansion. The kitchen has been updated with granite countertops, a stone backsplash, and stainless steel appliances. Living areas feature updated laminate or luxury vinyl plank flooring and recessed lighting. While some bathrooms and secondary rooms retain a more dated aesthetic, the home shows minimal physical depreciation and functional systems, meeting the criteria for a well-kept, established residence.
The property features a private dock for an 18-foot boat and a rooftop deck with sweeping canal and bay views, offering the quintessential Balboa Island experience.
Includes a garage that accommodates two cars plus a golf cart, a highly coveted and rare amenity in the dense Balboa Island market where parking is at a premium.
The unique layout with dual kitchens, living areas, and separate staircases provides excellent versatility for multi-generational living or hosting guests with privacy.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2614, other record lot size in square feet = 2550.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2614, living area = 2542.
Originally built in the 1930s and expanded in the 1960s, the home may require significant modernization or a complete rebuild to meet contemporary luxury standards.
An exceptional opportunity to own a coveted waterfront home on Balboa Island. Whether envisioned as a future ground-up development or enjoyed as a charming coastal retreat, this property offers rare versatility in an iconic setting. Perfectly positioned along one of the island’s picturesque canals, the home captures tranquil water views stretching toward Little Island, Bayside Drive, and the open bay beyond. Rich in character, this classic boardwalk residence blends timeless coastal charm with a flexible, spacious layout ideal for a variety of living arrangements. Originally built in the 1930s and thoughtfully expanded in the 1960s, the home now offers 4 bedrooms and 3.5 baths. Two living areas, dual dining spaces, two kitchens, and separate staircases create a unique configuration that lives like a single-family home while accommodating multi-generational living or guest flexibility. Outdoor highlights include a private dock suitable for an approximately 18-foot boat—perfect for bay cruising, paddleboarding, and enjoying the waterfront lifestyle—as well as a rooftop deck showcasing sweeping water views and refreshing coastal breezes. Additional features include garage parking that comfortably accommodates two cars plus a golf cart—an exceptional amenity on Balboa Island—and immediate access to the renowned boardwalk. A rare offering with endless potential—this is true waterfront living with space, character, and an unbeatable canal-to-bay location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,542 | 2,317 | 71% |
| Lot Size | 2,614 | 2,550 | 82% |
| Price | $6.00M | $4.88M | 65% |
| Price per sq ft | $2.4K | $2.3K | 53% |
| Built year | 1966 | 1953 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 208 | 18% |
Apr 6, 2026
$5,995,000
Initial Listing
Jan 17, 2008
$2,800,000
Public Record
Jan 16, 1998
$650,000
Public Record