
1617 East Balboa Boulevard, Newport Beach, CA 92661
1617 East Balboa Boulevard, Newport Beach, CA 92661
Property Description
PRICE REDUCTION, Tucked into the quiet, coveted enclave of The Peninsula Point, this classic Cape Cod offers timeless charm just steps from the sand, walk to the famous surfing point, The Wedge or the Balboa Village. Owned by the same family since 1992 and never rented, this 4 bedroom, 3 bath residence has been maintained and thoughtfully updated over the years. Beamed ceilings, crown molding, and warm wood flooring set the tone throughout. The kitchen has been updated featuring new quartz's countertops, a 6-burner Viking range, and a double oven, makes this home functional as it is beautiful. A main floor bedroom and bath add flexibility, while the primary suite upstairs offers a private retreat which includes a private deck overlooking the courtyard. The primary bathroom included duel sinks and heated floors. Outside, a brick, concrete patio framed by mature landscaping a perfect setting for indoor-outdoor living. The great room has high ceiling, beams with a gas fireplace, perfect for family gatherings. The home includes a 2 car garage. This true Cap Cod beauty has character throughout and a rare opportunity to own a piece of the Peninsula Point.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Newport Beach · Single Family Residence
Listed 7.0% above the median closed sale of $5,000,000. Price per sqft ($2,575) is a 26% premium to closed comps ($2,044). Expect a longer timeline — comps averaged 132 days on market. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 418 Belvue Lane | Newport Beach | 1951 | 4 | 3 | 2,306 | 4,000 | $2,600 | $6.00M | 8 | 83 |
| 607 Dahlia Avenue | Corona del Mar | 1985 | 3 | 3 | 2,430 | 3,300 | $2,140 | $5.20M | 10 | 81 |
| 119 Opal | Newport Beach | 2001 | 3 | 3 | 2,354 | 2,550 | $2,463 | $5.80M | 36 | 75 |
| 224 Coral | Newport Beach | 1990 | 4 | 4 | 3,363 | 3,960 | $1,680 | $5.65M | 27 | 74 |
| 302 Ruby Avenue | Newport Beach | 1993 | 2 | 3 | 2,415 | 2,550 | $2,153 | $5.20M | 20 | 73 |
| Total: 5 · Average | 3.2 | 3.2 | 2,573.6 | 3,272 | $2,207.2 | $5.57M | 20.2 | |||
| Median | 2,415 | $5.65M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 505 Dahlia Avenue | Corona del Mar | 1985 | 07/16/2026 | 3 | 3 | 2,200 | 3,300 | $4.79M | $4.65M | $2,114 | 0.97 | 84 | 86 |
| 126 Ruby Avenue | Newport Beach | 2016 | 01/02/2026 | 3 | 5 | 2,429 | 2,550 | $5.75M | $5.50M | $2,264 | 0.96 | 318 | 79 |
| 1577 Miramar Drive | Newport Beach | 2016 | 02/13/2026 | 4 | 4 | 2,558 | 2,450 | $4.85M | $4.65M | $1,818 | 0.96 | 36 | 79 |
| 204 Pearl Avenue | Newport Beach | 1939 | 07/14/2026 | 3 | 4 | 2,428 | 2,550 | $6.00M | $5.85M | $2,409 | 0.98 | 66 | 76 |
| 320 Heliotrope Avenue | Corona del Mar | 2006 | 07/31/2026 | 4 | 4 | 3,100 | 3,540 | $5.20M | $5.00M | $1,613 | 0.96 | 155 | 76 |
| Total: 5 · Average | 3.4 | 4.0 | 2,543 | 2,878 | $5.13M | $5.13M | $2,043.6 | — | 131.8 | ||||
| Median | 2,429 | $5.00M | $5.00M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.