1509 Balboa Blvd, Home with 0 bedrooms, 0 bathrooms and 5 parking in Newport Beach CA | Image 1

$8,088,000

1509 Balboa Blvd, Newport Beach, CA

Real Estate

For Sale

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Key Facts
Description
Rooms
Map

Key Facts

Type Condominium

Levels Residential Income

Size -

Garage Yes

Maintenance Fees

Taxes

Days Active 1

Approx. Age 2025

MLS® Number NP25132550

Property Address:

Average square foot calculated using Size range provided by listing agent.

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.Show Description

MLS® NumberNP25132550

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelLaundry Room

Exposure

Exterior

GarageYes

Approx. Age2025

Stories3

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatCentral

A/CCentral Air

Heating Fuel

Extras

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