LKV Realty
Logo
$8,088,000
$7,200Reward *
1509 W Balboa Boulevard, Newport Beach, CA 92663Listing ID NP25132550

1509 W Balboa Boulevard, Newport Beach, CA 92663

Active
Time on site: 459 daysLast updated: Jun 20, 2025
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Condominium
Square Feet
Square Feet
3,349
Acres
Acres
0.06
Days on Site
Days on Site
428
Cooling
Cooling
Central Air
Heating
Heating
Central
Year Built
Year Built
2025
Garages
Garages
2
Parking
Parking
Attached Carport, Concrete, Door-Multi, Direct Access, Driveway, Garage, On Site, Off Street, Private, One Space

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 in one of Southern California’s most sought-after coastal enclaves. ++++New Construction Ready February 2026++++

Property Information

Property Details

Location

Address
1509 W Balboa Boulevard
County
Orange
City
Newport Beach
Zip Code
92663
MLS Area
NP - Balboa Peninsula

Interior Features

Other Rooms

Laundry Features
Laundry Room

Building

Building Information

Square Feet
3,349
Year Built
2025
Construction
Other
Foundation
Slab
Roof
None
Condition
Building Permit, Under Construction

Financial

Special Conditions
Standard
Mark ToddCompass, (949) 438-4340

Market Report for 92663

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS
California Regional MLS logo

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

U10487 • OCCOOKNIC