1509 W Balboa Boulevard new Save Request In-Person Tour Request Virtual Tour
Newport Beach,CA 92663
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,349 sqft
Price per Sqft $2,415
MLS Listing ID CRNP25132550
Bedrooms 5
Year Built 2025
Lot Size 2,575 Sqft
Property Sub-Type OTHER
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
Location
State CA
County Orange
Interior
Heating Central
Cooling Central Air
Flooring See Remarks
Laundry Laundry Room
Exterior
Exterior Feature Other
View Y/N true
View Bay,City Lights,Marina,Mountain(s),Water,Other,Ocean
Building
Lot Description Corner Lot
New Construction No
Others
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