2 ACTIVE SHORT TERM RENTAL PERMITS!! Soak up the surf and sun at this versatile oceanfront fully furnished duplex in Newport Beach’s sought-after Peninsula Point neighborhood on the Balboa Peninsula. With one unit on each level of the two-story residence, you can live in one and rent the other, or use both as valuable income-producing opportunities. The renderings show how property can look if you build out the current plans plans that have been submitted to the city for a future custom home, making it easy to create the seaside home of your dreams. Presenting a quieter setting near the end of the boardwalk, the duplex is close to The Wedge surf break, Peninsula Park, the Peninsula Point Racquet Club, the Balboa Pier, and Main Street’s vibrant shopping and dining destinations. A spacious view patio highlights the lower-level residence, which features two bedrooms, two baths, a living room with fireplace, a white kitchen, and a dining room that opens to the patio. The open and bright upper unit showcases a vaulted ceiling, a fireplace-warmed living room, a sunny ocean-view deck, a gourmet kitchen with breakfast bar, three bedrooms and two baths. An attached four-car garage with epoxy flooring provides ample off-street parking and room for storing bikes and surfboards.
Property Details
Property Features
Property Information:
Year Built: 1977
Stories: 2
Living Area: 1,959 SqFt
Listing Office:
Office Name: Compass
Office Email: taralmcnabb@icloud.com
Listing Agent: Tara McNabb
Interior Features
Interior Information:
Interior: Bedroom on Main Level
Fireplace: Living Room
Bedroom and Bathroom Information:
Full Bathrooms: 4
Total Bedroom Count: 5
Exterior Features
Exterior Information:
Private Pool: No
Waterfront: Beach, Ocean Access, Ocean Front
View: Ocean
Parking Information:
Garage Space: 4 spaces
Attached Garage: Yes
Lot Features
Lot Information:
Lot: Rectangular Lot
Lot Size: 0.06 Acres
Utilities
Utilities Information:
Cooling: None
School Info
Assigned Schools Information:
Newport Harbor High School, Public District Grades 9-12
Horace Ensign Intermediate School, Public District Grades 7-8
Newport Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: Balboa Blvd to Property
Price Information
Listing Price Info
Price Summary:
List Price: $6,750,000
Price Per SqFt: $3,446/SqFt
Tax Information:
Annual Amount: $6,482
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Newport Beach, CA.
This property is $3.5M more than the Median Sold Price and $2.1K/SqFt more than other homes in Newport Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #OC24042496
Listing Office:
Office Name: Compass
Office Email: taralmcnabb@icloud.com
Listing Agent: Tara McNabb
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/19/2024, 12:25:23 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 07, 2021
Oct 07, 2021Home Sold
$4,750,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$6,482
$574,944
2020
$6,418
$569,049
2019
$6,169
$557,892
2018
$6,169
$546,953
2017
$6,061
$536,229
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
Newport Elementary School
1327 W Balboa Blvd
Distance between this listing and this school1.41 miles
Public District Grades KG-6
Middle School
7
/10
Horace Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school1.81 miles
Public District Grades 7-8
High School
7
/10
Newport Harbor High School
600 Irvine Ave
Distance between this listing and this school1.89 miles
Public District Grades 9-12
Assigned Schools
9
/10
Newport Elementary School
1327 W Balboa Blvd
Distance between this listing and this school1.41 miles
Public District Grades KG-6
Nearby Schools
9
/10
Harbor View Elementary School
900 Goldenrod Ave
Distance between this listing and this school1.53 miles
Public District Grades KG-6
7
/10
Abraham Lincoln Elementary School
3101 Pacific View Dr
Distance between this listing and this school2.14 miles
Public District Grades KG-6
Assigned Schools
7
/10
Horace Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school1.81 miles
Public District Grades 7-8
Nearby Schools
10
/10
Vista Verde
6 Federation Way
Distance between this listing and this school4.40 miles
Public District Grades KG-8
8
/10
Isaac L. Sowers Middle School
9300 Indianapolis Ave
Distance between this listing and this school5.99 miles
Public District Grades 6-8
Assigned Schools
7
/10
Newport Harbor High School
600 Irvine Ave
Distance between this listing and this school1.89 miles
Public District Grades 9-12
Nearby Schools
9
/10
Corona Del Mar High School
2101 Eastbluff Dr
Distance between this listing and this school2.54 miles
Public District Grades 7-12
5
/10
Estancia High School
2323 Placentia Ave
Distance between this listing and this school4.66 miles
The neighbors living near this home have an average income of $81,301. The most common annual income of people living in Newport Beach, CA is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Living In Balboa Peninsula, Newport Beach
What type of housing is available in Balboa Peninsula, Newport Beach?
About 60% of the population of this community rent their home while the rest are owners. In this area, roughly 45% of buildings are single detached homes, while the rest are mainly small apartment buildings, duplexes, and townhouses. The average year of construction for houses in this community is 1967. This area has a good choice of unit sizes, ranging from lofts to four or more bedrooms.
Is Balboa Peninsula, Newport Beach a good place to live?
Balboa Peninsula offers a calm ambience and will appeal to home buyers who enjoy spending time outdoors. It is easy to reach parks in the community, since there are a few of them close by for residents to discover, like Marina Park and Veterans Park. The noise levels in this part of Los Angeles-Long Beach-Anaheim are also reasonably low, as the streets are generally tranquil.
Are things conveniently located in Balboa Peninsula, Newport Beach?
A supermarket is generally reachable within a short walk from most houses for sale in Balboa Peninsula. McFadden Place is among the best streets for food stores. In addition, there is commonly a restaurant or cafe just around the corner, for instance on Main Street. It is also convenient to get to a selection of clothing stores on foot. As far as education is concerned, there are only a few primary schools in this community and consequently they can be a rather long walk away. Likewise, Balboa Peninsula does not contain any high schools.
What does the transportation in Balboa Peninsula, Newport Beach look like?
Physically active home buyers will enjoy the reasonably pedestrian-friendly nature of Balboa Peninsula; many common errands can be run on foot. Public transit users may experience limited options in this community as a result of the infrequent service. Nonetheless, homeowners are served by a few bus lines, and bus stops are not very far away from most houses. On the other hand, cars are a fairly good medium of transportation in Balboa Peninsula. Parking is quite easy.
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This home is located at 1123 E Balboa Blvd in Newport Beach, CA and zip code 92661 in the Balboa Peninsula neighborhood. This 1,959 square foot home, which was built in 1977, sits on a 0.06 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since March 01, 2024 and is currently priced at $6,750,000.
Newport Beach, CA housing market in March 2024 saw over 23 listings sold above listed price, more than 13 sold at listed price and over 50 sold below. The number of homes for sale in Newport Beach, CA increased by 8.8% between February 2024 and March 2024. In March 2024, listings were on the market for 43 days. During the same period, the median list price in this real estate market was $3,228,690.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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