
Newport Beach, California 92662
This Turnkey Balboa Island Residence is a High-Potential Investment Opportunity, listed at $7,495,000—positioned well below the $9,158,980 Fair Market Value by 18%. This valuation gap offers $1,663,980 in Instant Equity. Featuring a comprehensive modern remodel and a versatile JADU, the property boasts an Excellent Condition Rating. With its rare 40-foot-wide lot and Bay views, this home is an ideal acquisition for Luxury Investors or Owner-Occupants seeking a premium, income-generating coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 327 Amethyst Subject 4 bd · 5 ba · 3,479 sqft · $2,633 | $7,495,000* List Price | 4 | 5 | 3,479 | $2,633 | - |
A 1403 N Bayfront Sold 5 bd · 3 ba · 2,105 sqft · $2,660 · 0.1 mi | $5,600,000 | 5 | 3 | 2,105 | $2,660 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has been extensively remodeled and comprehensively updated throughout. It features a modern chef's kitchen, pristine high-end bathrooms, and completely updated structural, electrical, plumbing, and roof systems in mint condition.
The rare 40-foot-wide lot provides significant space and accommodates parking for up to six vehicles, a premium luxury and a major competitive advantage on Balboa Island.
Extensively updated with structural steel and all-new systems, this home offers the peace of mind of new construction paired with high-end designer finishes and a chef’s kitchen.
The property features a flexible layout with a separate JADU, allowing for use as a large single-family residence or a primary home with rental income or guest quarters.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3479, other record living area = 1389.
The property was recently sold within the past year on 2025-09-29. The sold price is $4,650,000.00.
At a list price of $7.495M, the property is positioned at the top of the market, which may limit the buyer pool to high-net-worth investors or luxury end-users.
Located just three doors from the Bay, this beautifully updated, oversized Balboa Island home sits on an impressive 40-foot-wide lot. Extensively remodeled with new structural steel, windows, doors, plumbing, electrical, roof, and much more, the home has been comprehensively updated throughout. A large front patio leads into a generous great room featuring a fireplace and multiple seating areas. The main living space continues into an incredible chef’s kitchen with a large center island, extensive custom cabinetry, and floating shelves, along with a one-of-a-kind dining space featuring custom built-ins. Also on the first level are a private office, full bath, and spacious interior courtyard that brings additional light and outdoor living into the center of the home. Upstairs, the expansive primary suite includes a private covered balcony, a beautifully finished bath with dual sinks, a freestanding soaking tub and walk-in shower, and a large walk-in closet. Two additional bedrooms each feature an en-suite bath, while one also opens to a large private deck. The home offers immense flexibility as one oversized residence or as a large front home with a separate JADU at the rear. Complete with its own private exterior entrance, the JADU includes a bedroom, bath, and kitchenette. Additional features include Sonos surround sound, a security camera system throughout, a two-car garage, an outdoor shower, and substantial off-street parking that allows the property to accommodate up to five or six vehicles. A portion of the side parking area may also be used as additional patio or entertaining space. Just steps from the waterfront and a short distance from the shops and restaurants of Marine Avenue, this is an exceptional opportunity to own a spacious and versatile home in the heart of Balboa Island.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 5.1 |
| Baths | 5.0 | 3.7 |
| Square foot | 3,479 | 2,313.222 |
| Lot Size | 3,400 | 2,703.444 |
| Price | $7.50M | $3.37M |
| Price per sq ft | $2.2K | $1.8K |
| Built year | 1968 | 1954 |
| HOA | $0 | $0 |
| Days on market | 40 | 63 |
Sep 15, 2026
$7,495,000
Initial Listing
Sep 29, 2025
$4,650,000
Public Record