1509 W Balboa BLVD, Newport Beach, CA 92663 – NP25132550

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$8,088,000

Est. payment - /mo

2,574 Sqft Lot

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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

Revuelto Construction present a fully entitled, shovel-ready duplex with an ADU development opportunity 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 is approved for the construction of 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 approved development includes six bedrooms and six 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

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Listed by Mark Todd • Compass • 949-514-0000

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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1509 W Balboa BLVD Newport Beach, CA 92663

Sean Beattie Jr.

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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