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1416 East Balboa Boulevard, Newport Beach, CA 92661

$8.98M5bd · 6ba · 3,349 sqft
Lot 2,700 sqft•Single Family Residence•
Active
•54d on market•MLS# NP-26197836

Property Description

There is a reason Peninsula Point has long been one of Newport Beach's most celebrated coastal enclaves - where morning beach walks, afternoons on the harbor, and evening sunsets over the ocean become part of everyday life. Crafted to embody that unmistakable coastal cadence, this exceptional designer residence occupies one of the Point's larger parcels just moments from both bay and beach, where timeless architecture, meticulously curated interiors, and beautiful harbor and ocean views define an extraordinary coastal retreat. Beyond the charming Dutch door entry, a lush garden courtyard sets the tone. Here an intimate firepit lounge welcomes sunny afternoons and relaxed evenings with friends. Expansive walls of glass and oversized windows flood the home with natural light, creating airy interiors that remain seamlessly connected to the coastal landscape. Encompassing five bedrooms and five-and-one-half baths, the home is distinguished by bespoke finishes, custom wall treatments, statement lighting, designer window coverings, and a serene palette of warm whites, soft neutrals, and natural textures. Generous living, dining, and kitchen spaces open to one another in a way that feels intuitive and welcoming. The primary suite enjoys abundant natural light, calming water views, and refreshing ocean breezes, creating a restful retreat. The serene spa bath features a deep soaking tub and steam shower. Each beautifully appointed guest suite offers privacy and comfort – while a custom-designed bunk room provides a playful, yet refined retreat destined to become a favorite space for family members and guests. Above it all, spectacular rooftop terraces capture views of Newport Harbor, the Pacific Ocean, and city skyline. A handcrafted cedar hot tub, covered lounges, a porch swing, and multiple vantage points for unforgettable sunsets and harbor lights create an extraordinary setting for entertaining or quiet moments above the coast. Enhanced by smart-home technology, solar power, a household battery backup system, a two-car garage, and dedicated golf cart parking - and positioned just steps from both the bay and the beach - this remarkable residence captures everything that makes Peninsula Point one of Newport Beach's most sought-after addresses. Offering water views, exceptional outdoor living, stunning finishes and a thoughtful floorplan, it represents a rare opportunity to own a home as extraordinary as the lifestyle it affords.

Features & Amenities

FeeBuilt 2022

Property Details

Land Type
Fee
Year Built
2022
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
3
Garage Spaces
2
Heating
Zoned, Forced Air
Cooling
Central Air, Zoned
View
Bay, City Lights, Harbor, Ocean
Flooring
Stone, Wood
City
Newport Beach
Zip Code
92661
County
Orange
Listed byColdwell Banker Realty, Tara Foster Shapiro

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$45,407.77
Principal & Interest
Loan Amount
$7,184,000
Total Interest
$9,162,796
Total Payment Over 30 Years
$16,346,796
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

1416 East Balboa Boulevard, Newport Beach, CA 92661

Newport Beach · Single Family Residence

$8.98M
Luxury Tier
Beds
5
Baths
6
Sqft
3,349
Lot
2,700 sqft
Year
2022
$/Sqft
$2681
Pool: No✓
Spa: Yes✓
View: city✓
Garage: 2-car✓

Listed 9.5% above the median closed sale of $8,200,000. Price per sqft ($2,681) is a 11% discount to closed comps ($3,006). Expect a longer timeline — comps averaged 157 days on market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $8.98M· $2,681/sqft
Total list price
Closed comps
vs closed median $8.20M
+$780K (+9.5%)
Active comps
vs active median $8.49M
+$485K (+5.7%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $2,891
−$210 (−7.3%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
306 OceanfrontNewport Beach2027452,5202,400$3,274$8.25M379
503 JNewport Beach2025463,5773,000$2,375$8.49M8079
409 EdgewaterNewport Beach1917432,7323,237$2,928$8.00M20173
215 GoldenrodCorona del Mar1988443,4143,540$2,488$8.49M2468
209 Narcissus AvenueCorona del Mar2026462,9483,540$3,390$9.99M10766
Total: 5 · Average4.04.83,038.23,143.4$2,891$8.65M83
Median2,948$8.49M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
412 HeliotropeCorona del Mar202407/13/2026463,1203,541$8.49M$8.20M$2,6280.969183
117 Bay FrontNewport Beach194701/23/2026542,7872,550$8.15M$8.00M$2,8700.9816279
303 Jasmine AvenueCorona del Mar202508/26/2026462,9803,540$9.30M$9.30M$3,1211.006477
218 OceanfrontNewport Beach202407/31/2026442,6502,400$9.45M$9.25M$3,4910.9818077
1201 Bay FrontNewport Beach195711/20/2025442,7242,550$8.75M$7.95M$2,9190.9128976
Total: 5 · Average4.24.82,852.22,916.2$8.54M$8.54M$3,005.8—157.2
Median2,787$8.20M$8.20M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.