Residential > Multi-family
Active
06/13/2025
List Price
$8,088,000$2,415/ft²
1509 Balboa Blvd
Newport Beach, CA 92663
- 6Beds
- 6Baths
- 3,349ft²Living Area
- 2,575ft²Lot Size
- -Pool
- 5Car
- 2025Year Built
- 143DOM
- 3Permits
1509 Balboa Blvd, Newport Beach, CA 92663 is a 6 bed, 6 bath, 3,349 ft² multi-family home house built in 2025 on a 0.059 acre lot with 3 construction permits. This multi-family home is currently for sale for $8,088,000, and it was last sold in 2021 for $1,850,000.
MLS Description
The listing agent's description. Original Listing
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 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.
++++New Construction Ready February 2026++++
Listing Agents
The listing agent for 1509 Balboa Blvd is Mark Todd.
MT
Mark Todd
Compass
License: 01168021
Phone: (949) 438-4340
Permits
1509 Balboa Blvd has 3 permit records.
Permit History
3
Permits
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2024$21,063.46From latest Total Assessed Value1.09%Total Assessed Value$1,924,740=Land+
Assessed Value$1,768,680Additions
Assessed Value$156,060
In 2024, taxes billed for 1509 Balboa Blvd were $21,063.46, which is 1.09% from latest Total Assessed Value of $1,924,740.
Property History
1509 Balboa Blvd has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 1509 Balboa Blvd
Hazard Risks
Earthquake383Lead111Particulates104Air Pollution104Carb Mono102Ozone101Nat'l Avg100Tornado78Weather36Hurricane10Wind4Hail1
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 1509 Balboa Blvd.
Walkability Index
18 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
1509 Balboa Blvd has a walkability score of 18 out of 20, which means that it is in a most walkable area.
Noise Level
50 dB
Quiet Suburban Residential 0-49
Suburban Residential 50-54
Urban Residential 55-59
Noisy Urban Residential 60-64
Very Noisy Urban Residential 65+
Noise at 1509 Balboa Blvd is around 50dBs, which is comparable to a Suburban Residential area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
45°F
High
66°F
Summer
Average
Low
61°F
High
74°F
In the winter at 1509 Balboa Blvd, temperatures range from 45.15°F to 65.77°F with an average of 55.46°F. In the summer, the temperature ranges from 60.5°F to 74.22°F with and average of 67.36°F.
School Information
Public/private schools serving 1509 Balboa Blvd
Public Schools
Ensign Intermediate School
Grades: 7-8
0.91 mi
B+
Newport Elementary School
Grades: KG-6
0.16 mi
A
Newport Harbor High School
Grades: 9-12
1.25 mi
B+
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 1509 Balboa Blvd have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in Balboa Peninsula, Newport Beach, CA 92663.
Seasonal Housing units 92663
47%of housing is for seasonal rent.
Daytime Population for 92663
+34%of people during work hours.
Crime Index for 92663
169
169
The crime index in 92663 is 169, which is 1.7 times higher than national average.
Market Trends
Historical market data near 1509 Balboa Blvd over selected time period.
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