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New Listing
$7,995,000
 $42,919 est/mo Sourced by Back At You

1002 E Balboa Boulevard,Newport Beach, CA 92661

Newport Beach, CA 92661

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Description

An exceptional opportunity to acquire a premier bayfront property on Newport Beach's coveted Balboa Peninsula, just a short stroll from the heart of Balboa Village. Situated directly on the bay, this 3,825-square-foot parcel features approximately 45 feet of frontage, offering an impressive footprint and tremendous potential in one of Southern California's most desirable waterfront locations. The existing single-family residence features 4 bedrooms, 3.5 bathrooms, and approximately 2,987 square feet of living space. The home was lifted and substantially rebuilt in 1995, providing an opportunity for a buyer to enjoy the existing residence while updating and modernizing the property to suit their personal vision. For those seeking a larger-scale project, the property also presents an exciting redevelopment opportunity. According to information provided by the City of Newport Beach, the site may accommodate a newly constructed residence exceeding 5,000 square feet of interior living space. Additionally, there may be an opportunity to construct a private dock, further enhancing its appeal as a premier waterfront estate. The location is truly exceptional, with the bay at your doorstep and the Pacific Ocean just blocks away. Balboa Village's renowned restaurants, boutique shops, and iconic boardwalk are all within easy walking distance, along with the Balboa Island Ferry, Balboa Fun Zone, and some of Newport Beach's most celebrated beaches. With limited opportunities for bayfront ownership and continued demand for luxury waterfront residences, this property offers exceptional flexibility for builders, developers, and discerning end users alike. Whether upgrading the existing residence, undertaking a thoughtful renovation, or pursuing a custom-built waterfront estate, the possibilities are compelling. Buyer to independently verify all aspects of the property, including existing improvements, potential buildable square footage, development feasibility, dock construction, zoning, setbacks, and all required permits and approvals with the City of Newport Beach and other applicable governmental agencies. All development potential is subject to buyer investigation and approval.

Details

MLS #NP26239064
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1928
Days On Site4
Listing Provided ByBalboa Realty | Arthur Dorr

Features

Bed(s)4
Bath(s) 4 Total
SQ Feet2,987
Garage2
Story(s)2
Units1
Acreage0.09
Water FrontYes
Property ViewYes

Interior

CoolingNone
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoNo
Interior FeaturesCeiling Fans, Tile Counters
AppliancesElectric Oven, Electric Range
Fireplace Yes / NoYes

Exterior

Security FeaturesCarbon Monoxide Detectors, Smoke Detectors
Construction MaterialsWood Siding
Foundation DetailsRaised, Slab
Lot FeaturesStreet Level, Value In Land, Walkstreet

Parking

Attached Garage Yes / NoYes
Parking FeaturesDoor Multi, Direct Access, Garage Faces Front, Garage
Garage Yes / NoYes

Utilities

UtilitiesElectricity Available, Natural Gas Available, Sewer Available, Water Available
SewerPublic Sewer

Location

Community FeaturesBiking, Curbs, Storm Drains, Street Lights, Sidewalks, Urban, Water Sports

Area Information

StateCA
CountyOrange
CityNewport Beach
Zip Code92661
AreaNP Balboa Peninsula
Community NameBalboa Peninsula (Residential) (BALP)
Listing VS Median (in Balboa Peninsula (Residential) (BALP))
Price:
$7,995,000
low | high
Med:
$2,400,000
100% of Average
sqft:
2,987
low | high
Med:
1,500
99.782390358219% of Average
$ / sqft:
$2,677
low | high
Med:
$1,600
90.222639149468% of Average
On site:
4
low | high
Med:
67
5.970149253731% of Average
Sourced by Back At You

Market Activity 92661

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Learn More About This Property

Roy Rigsby

Roy Rigsby

Desert Lifestyle Properties

01399810 (760) 409-5117roy@desertrealestate4you.com
StateCA
CountyOrange
CityNewport Beach
Zip Code92661
AreaNP Balboa Peninsula
Community NameBalboa Peninsula (Residential) (BALP)
Listing VS Median (in Balboa Peninsula (Residential) (BALP))
Price:
$7,995,000
low | high
Med:
$2,400,000
100% of Average
sqft:
2,987
low | high
Med:
1,500
99.782390358219% of Average
$ / sqft:
$2,677
low | high
Med:
$1,600
90.222639149468% of Average
On site:
4
low | high
Med:
67
5.970149253731% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $5.996M - $9.993M
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
920 E Oceanfront Property Photo 1
$7,495,000
920 E Oceanfront
Newport Beach, CA 92661
Listing Updated: November 8, 2026 at 2:55:10 PM PST