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1509 W Balboa Boulevard

Newport Beach, CA 92663

– beds
– baths
– sqft
2,575 sqft lot
2025 build
– on site

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.

Listed By CRMLS_CA / Mark Todd / Compass / 949-514-0000

Last checked: Checking… • Last updated Jun 14, 2025 •

MLS# NP25132550 —

This property is listed in more than one place. See it here.

The Building

Year Built:

2025
Year Built Source:

Builder
New Construction:

Yes
Construction Materials:

Other
Building Area Total:

3349.00
Building Area Units:

Square Feet
Total Number Of Units:

2
# of Buildings:

1
Architectural Style:

Contemporary, See Remarks
Roof:

None
Foundation:

Slab
Stories Total:

3
Entry Level:

1
Accessibility Features:

Other, See Remarks
Common Walls:

No Common Walls
Faces:

Northeast
# of Separate Gas Meters:

2
# of Separate Water Meters:

2
# of Separate Electric Meters:

2

Interior

Features:

Balcony, Built-in Features, Ceiling Fan(s), In-Law Floorplan, Open Floorplan, Unfurnished
Levels:

Three Or More
Entry Location:

1
Door Features:

ENERGY STAR Qualified Doors
Window Features:

Double Pane Windows
Flooring:

See Remarks
Room Type:

Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, See Remarks
Fireplace:

Yes
Fireplace:

Living Room
Laundry:

Individual Room
Laundry:

1

Financial & Terms

Disclosures:

Accessory Dwelling Unit, City Inspection Required, Exclusions Call Agent

Location

Directions:

Pacific Coast Highway to Balboa Blvd (South).
Latitude:

33.60684600
Longitude:

-117.92127400

The Property

Property Type:

Residential Income
Subtype:

Condominium
Property Condition:

Building Permit, Under Construction
Lot Features:

0-1 Unit/Acre, Corner Lot
Lot Size Area:

2575.0000
Lot Size Acres:

0.0591
Lot Size SqFt:

2575.00
Lot Size Source:

Builder
View:

1
View:

Bay, City Lights, Harbor, Landmark, Marina, Mountain(s), Neighborhood, Ocean, See Remarks, Water
Fencing:

None
Fence:

No
Road Frontage:

Alley, City Street
Road Surface Type:

Alley Paved, Paved
Additional Parcels:

No
Other Structures:

Guest House Attached
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

15
Tax Census Tract:

628.00
Tax Tract:

515
Tax Lot:

24

The Listing

Virtual Tour
Special Listing Conditions:

Standard
Parcel Number:

04721108
Showings Begin:

2025-06-13

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Utilities:

Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Sewer:

Public Sewer
Electric:

Electricity - On Property
Water Source:

Public

Appliances

Appliances:

None
Included:

No

The Community

Features:

Sidewalks
Association Amenities:

Other
Pool:

None
Waterfront Features:

Across the Road from Lake/Ocean, Marina in Community, Ocean Access, Ocean Side Of Highway 1
Senior Community:

No
Spa:

1
Private Pool:

No
Spa Features:

See Remarks
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking:

Attached Carport, Direct Garage Access, Driveway - Combination, Concrete, Garage, Garage - Two Door, Off Street, On Site, Parking Space, Private
Parking Spaces:

5.00
Garage Spaces:

2.00
Carport Spaces:

3.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/13/25 Jun 13, 2025	Listed / Active	CRMLS_CA	$8,088,000	337.2% (92.3% / YR)
10/18/21 Oct 18, 2021		CRMLS_CA	$1,850,000	8.9%
9/30/21 Sep 30, 2021		CRMLS_CA	$1,699,000

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This multifamily located in Central Newport Beach, Newport Beach, CA 92663 is currently for sale for $8,088,000. 1509 W Balboa Boulevard is a – square foot multifamily with – beds and – baths that has been on Estately for 2 days. 1509 W Balboa Boulevard is in the Central Newport Beach neighborhood of Newport Beach and has a WalkScore® of 76, making it very walkable. This multifamily is in the attendance area of Ensign Intermediate School, Newport Elementary School, and Newport Harbor High School.

Listing Courtesy of: CRMLS_CA and Compass. Based on information from California Regional Multiple Listing Service, Inc. as of 07:23 on Jun 15.

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.