#NP25139659, Casey Lesher, Listing office: Christie's International R.E. Southern California
$8,088,000 List price
1509 W Balboa Blvd Newport Beach, CA 92663
0.06 acres
Condo
Property details
About 1509 W Balboa Blvd
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 features 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 development includes six bedrooms and six bathrooms across 2 units plus an ADU, each designed to maximize indoor-outdoor living. Expansive private decks, ample parking, and contemporary architecture contribute to a highly desirable end product. 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 rental market. This legacy 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++++
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.0591 Acres
Year builtNew Const., 2025
ParkingAttached Carport, Concrete, Door-Multi, Direct Access, Driveway, Garage, On Site, Off Street, Private, One Space
MLS #NP25132550
Garage2 spaces
WaterfrontOcean Access
FireplaceLiving Room
ViewBay, City Lights, Harbor, Other, Marina, Mountain(s), Neighborhood, Ocean, Water
Summary
- Flooring Type: See Remarks
- Interior: Built-in Features, Balcony, Ceiling Fan(s), In-Law Floorplan, Open Floorplan, Unfurnished, Bedroom on Main Level, Main Level Primary
- Fireplace: Living Room
- Garage Space: 2 spaces
- Private Pool: No
- Parking: Attached Carport, Concrete, Door-Multi, Direct Access, Driveway, Garage, On Site, Off Street, Private, One Space
- Waterfront: Ocean Access
- View: Bay, City Lights, Harbor, Other, Marina, Mountain(s), Neighborhood, Ocean, Water
- Architectural Style: Contemporary, See Remarks
- Heating: Central
- Cooling: Central Air
- List Price: $8,088,000
- Annual Tax Amount: $21,063
- Tax Year: 2024
- Lot: Corner Lot
- Directions: Pacific Coast Highway to Balboa Blvd (South).
- Year Built: 2025
- Stories: 3
- Lot Size: 0.0591 Acres
- MLS Number: NP25132550
- MLS Name: CRMLS
- Office Name: Compass
- Office Phone: (949) 514-0000
- Listing Agent: Mark Todd
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: 7/16/2025, 2:45:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 23, 2024 | Home Sold | $4,150,000 |
| Oct 18, 2021 | Home Sold | $1,850,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,924,740 | $21,063 |
| 2023 | $1,887,000 | $20,564 |
| 2022 | $1,850,000 | $20,217 |
| 2021 | $179,760 | $2,641 |
| 2020 | $177,917 | $2,615 |
| 2019 | $174,429 | $2,530 |
| 2018 | $171,009 | $2,530 |
| 2017 | $167,656 | $2,489 |
History based on county public records data.
Nearby schools
8
Newport Elementary School
Public District KG-6
0.2 mi
•1327 W Balboa Blvd
7
Newport Heights Elementary School
Public District KG-6
1.5 mi
•300 E 15th St
7
Mariners Elementary School
Public District KG-6
2.0 mi
•2100 Mariners Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $110,552. Typical income of Newport Beach, CA residents is between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
11%
<35k
33%
35k-100k
29%
100k-200k
27%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
68%
Single, No Kids
6%
Single, with Kids
19%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
5%
12-17 yrs old
36%
18-34 yrs old
39%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Art Museums
Music Concerts
Live Theatre
Where do the neighbors shop?
Bloomingdales
H&M
Banana Republic
Where do the neighbors go to eat?
Starbucks
Chipotle
Boston Market
What do the neighbors drive?
Audi
Volkswagen
Mercedes
What do the neighbors listen to?
News
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1509 W Balboa Blvd
The listing price of 1509 W Balboa Blvd property is $8,088,000.
The property 1509 W Balboa Blvd is a condo located in Newport Beach, California, 92663.
Active Listing: 1509 W Balboa Blvd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1509 W Balboa Blvd are: Newport Elementary School (GreatSchools Rating 8/10), Newport Heights Elementary School (GreatSchools Rating 7/10), Mariners Elementary School (GreatSchools Rating 7/10), Horace Ensign Intermediate School (GreatSchools Rating 8/10), Isaac L. Sowers Middle School (GreatSchools Rating 7/10), Charles W. Tewinkle Middle School (GreatSchools Rating 4/10), Newport Harbor High School (GreatSchools Rating 7/10), Corona Del Mar Middle and High School (GreatSchools Rating 8/10), Estancia High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $21,063 (source: MLS/based on county public records data).
The last sale was on October 23, 2024 for $4,150,000 (source: MLS/tax record).
The property at 1509 W Balboa Blvd has 0 bathroom.
The year of construction for 1509 W Balboa Blvd is 2025.
This home is located at 1509 W Balboa Blvd in Newport Beach, CA and zip code 92663 in the Central Newport Beach neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 13, 2025 and is currently priced at $8,088,000.
While more than 10 listings in Newport Beach, CA in June 2025 were sold above asking price, there were more than 18 listings sold at asking price, and more than 60 were sold below. The number of homes for sale in Newport Beach, CA increased by 3.9% between May and June 2025. In June 2025 median list price was $3,662,500 and the average listing age was 46 days.
From Rocket Homes Real Estate and based on county public records data.