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1509 W Balboa Boulevard, 
Newport Beach, CA 92663

$8,088,000


Bed


Bath


3,349

Sq Ft


Condo


Virtual Tour

Active

Listed by

Mark Todd

Nicole Ritchot

Compass

949-438-4340

Last updated:

June 14, 2025, 08:23 PM

MLS#

NP25132550

Source:

CRMLS

About This Home

1509 W Balboa Boulevard

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.

Home Facts

Condo

Built in 2025

Price Summary

8,088,000

$2,415 per Sq. Ft.

MLS #:

NP25132550

Last Updated:

June 14, 2025, 08:23 PM

Added:

a month ago


Rooms & Interior

Interior

Living Area:

3,349 Sq. Ft.


Structure

Structure

Architectural Style:

Contemporary

Building Area:

3,349 Sq. Ft.

Year Built:

2025


Lot

Lot Size (Sq. Ft):

2,574


Finances & Disclosures

Finances

Price:

$8,088,000

Price per Sq. Ft:

$2,415 per Sq. Ft.

Source:CRMLS
Based on information from California Regional Multiple Listing Service, Inc. as of June 16, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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Contact an Agent

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.