Homes for sale - 1509 W Balboa BLD, Newport Beach, CA 92663

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Yuri Lavrentiev

yuri@compass.com +1(669) 285-9514

Listed by Mark Todd • Compass

$ 8,088,000

Est. payment | -/mo

2,575 Sqft Lot

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$ 8,088,000

Est. payment | -/mo

Save

2,575 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRNP25132550

Style Contemporary,Other

Year Built 2025

Lot Size 2,575 Sqft

Property Sub-Type Duplex

Source California Regional MLS

Property Description

Revuelto Construction presents a luxury duplex with an ADU on a premium corner lot in the heart of Newport Beach's prestigious Balboa Peninsula. Designed by Iconic Architecture this 3,349 square foot site features two luxury condominiums and a high-end Accessory Dwelling Unit (ADU), offering a compelling blend of prime location, thoughtful design, and strong financial upside. Ideally situated with nearby access to both the Pacific Ocean and Newport Harbor, the property benefits from a high-demand coastal micro-market where homes routinely command top-tier sale prices and vacation rental rates. The development includes six bedrooms and six bathrooms across 2 units plus an ADU, each designed to maximize indoor-outdoor living. Expansive private decks, ample parking, and contemporary architecture contribute to a highly desirable end product. 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 rental market. This legacy project is positioned to command a design premium, translating to elevated per-square-foot pricing. This is a unique chance to create lasting value i

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Kitchen None

Interior

Heating Central Forced Air

Cooling Central AC

Flooring Other

Laundry In Laundry Room

Exterior

Parking Features Attached Garage, Carport , Private / Exclusive, Garage, Common Parking Area, Off-Street Parking, Other, Parking Area

Garage Spaces 5.0

Pool None, Other

View Bay, Hills, Marina, Local/Neighborhood, Ocean, Other, Water, City Lights

Building

Story Three or More Stories

Foundation Concrete Slab

Water District - Public

Architectural Style Contemporary, Other

Others

Tax ID 04721108

Special Listing Condition Not Applicable

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Yuri Lavrentiev

REALTOR® | Lic# CA DRE #02103193

yuri@compass.com

+1(669) 285-9514

1133 Minnesota Ave, San Jose, CA, 95125, USA

1509 W Balboa BLD Newport Beach, CA 92663

Yuri Lavrentiev

Key Details

Location

Rooms

Interior

Exterior

Building

Others

1509 W Balboa BLD