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1002 E Balboa Blvd , Newport Beach, CA 92661

$7,995,000

4
beds
3 full · 1 half
baths
2,987
sqft
1928
year built

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.

Highlights

  • Residential
  • Single Family Residence
  • Built in 1928
  • 0.0878 Acre Lot
  • 2 Car Garage
  • 4 days on Market

  • Bedrooms
    4
  • Bathrooms
    3 full · 1 half
  • Year Built
    1928
  • Stories
    2.0
  • Construction Materials
    Wood Siding
  • Foundation
    Slab, Raised
  • Garage Spaces
    2.0
  • Parking Features
    Garage, Garage Faces Front, Direct Access, Door Multi
  • Living Area
    2987.0
  • Interior Features
    Tile Counters, Ceiling Fans
  • Appliances
    Electric Range, Electric Oven
  • Flooring
    Vinyl, Carpet
  • Patio And Porch
    Patio
  • Pool Features
    None
  • Security Features
    Carbon Monoxide Detectors, Smoke Detectors
  • Cooling
    None
  • Heating
    Wall Furnace

  • Acres
    0.0878
  • Lot Features
    Street Level, Value In Land, Walkstreet
  • Water Front Features
    Seawall, Ocean Access, Beach Access, Bayfront, Ocean Side Of Highway, Across The Road From Lake Ocean, Ocean Side Of Freeway
  • View
    Water, Panoramic, Ocean, Bay, Canal, City Lights, Neighborhood, Hills, Marina, Coastline, Back Bay, Bridges
  • Utilities
    Sewer Available, Electricity Available, Water Available, Natural Gas Available
  • Water
    Public

  • Area
    NP - Balboa Peninsula
  • County
    Orange
  • City
    Newport Beach
  • Neighborhood
    Balboa Peninsula (Residential) (BALP)
  • Zip Code
    92661
  • High School
    Newport Harbor
  • Middle School
    Ensign
  • Elementary School
    Newport

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Frequently Asked Questions

How do I schedule a tour of 1002 E Balboa Blvd?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1002 E Balboa Blvd.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 1002 E Balboa Blvd?

Click Ask a Question to talk with our team. You already know it is a 4 bed, 3 bath, listed for $7,995,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Newport Beach, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 1002 E Balboa Blvd?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 1002 E Balboa Blvd at around $45,497. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 1002 E Balboa Blvd?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Orange County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 1002 E Balboa Blvd?

In most cases, yes. Whether 1002 E Balboa Blvd is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Newport Beach's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 1002 E Balboa Blvd?

We can handle that for you. Our preferred local agent specializes in residentials in Newport Beach and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $7,995,000 with 2,987 sqft of space—that comes out to approximately $2,677 per square foot.

How long has this property been on the market?

1002 E Balboa Blvd was listed on November 06, 2026, which means it's been on the market for 4 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1928, making it approximately 98 years old.

What is the lot size of this property?

1002 E Balboa Blvd sits on a 0.09-acre lot, which is 3,920 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Newport
  • Middle: Ensign
  • High: Newport Harbor

Want to see how these schools compare? Check out our Orange County School Guide to see ratings, reviews, and more for the schools in the area.

Is 1002 E Balboa Blvd still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information from California Regional Multiple Listing Service as of November 10, 2026 at 04:57AM All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This information 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.

Last Updated: November 10, 2026 at 04:57AM | Source: California Regional Multiple Listing Service | MLS#: NP26239064