1509 W Balboa BLVD Newport Beach, CA 92663
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
MLS Listing ID NP25132550
Construction Status Building Permit,Under Construction
HOA Y/N No
Year Built 2025
Lot Size 2,574 Sqft
Property Sub-Type Condominium
Property Description
The approved development includes six bedrooms and five bathrooms across 2 units plus an ADU, each designed to maximize indoor-outdoor living. Expansive private decks with outdoor kitchens, ample parking, and contemporary architecture contribute to a highly desirable end product. All discretionary approvals, including coastal permits and utility connections, have been secured, allowing for immediate commencement of construction and minimizing holding costs.
This opportunity is further strengthened by the rarity of corner-lot development sites on the Balboa Peninsula. Demand remains strong for Newport Beach condominiums, which consistently outperform Orange County averages in both appreciation and occupancy—particularly in the short-term rental market. Designed by Iconic Architecture and built by Revuelto Construction, the project is positioned to command a design premium, translating to elevated per-square-foot pricing. This is a unique chance to create lasting value in one of Southern California's most sought-after coastal enclaves is scheduled to be ready for occupancy near February of 2026.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Rooms
Other Rooms Guest House Attached
Interior
Interior Features Built-in Features, Balcony, Ceiling Fan(s), In-Law Floorplan, Open Floorplan, Unfurnished, Bedroom on Main Level, Main Level Primary
Heating Central
Cooling Central Air
Flooring See Remarks
Fireplaces Type Living Room
Fireplace Yes
Laundry Laundry Room
Exterior
Parking Features Attached Carport, Concrete, Door-Multi, Direct Access, Driveway, Garage, On Site, Off Street, Private, One Space
Garage Spaces 2.0
Carport Spaces 3
Garage Description 2.0
Fence None
Pool None
Community Features Sidewalks, Marina
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Amenities Available Other
Waterfront Description Across the Road from Lake/Ocean,Ocean Access,Ocean Side Of Highway
View Y/N Yes
View Bay, City Lights, Harbor, Landmark, Marina, Mountain(s), Neighborhood, Ocean, Water
Roof Type None
Accessibility Other, See Remarks
Total Parking Spaces 5
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Corner Lot
Faces Northeast
Story 3
Entry Level Three Or More
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Contemporary, See Remarks
Level or Stories Three Or More
Additional Building Guest House Attached
New Construction Yes
Construction Status Building Permit,Under Construction
Others
Senior Community No
Tax ID 04721108
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange, Submit
Special Listing Condition Standard
Lease Land No
