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++++
++++New Construction Ready February 2026++++
Property Details
Price:
$8,088,000
MLS #:
NP25132550
Status:
Active
Baths:
0
Address:
1509 W Balboa Boulevard
Type:
Residential Income
Subtype:
Condominium
Neighborhood:
npbalboapeninsula
City:
Newport Beach
Listed Date:
May 14, 2025
State:
CA
ZIP:
92663
Lot Size:
2,575 sqft / 0.06 acres (approx)
Year Built:
2025
See this Listing
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Schools
Interior
Accessibility Features
Other, See Remarks
Appliances
None
Cooling
Central Air
Fireplace Features
Living Room
Flooring
See Remarks
Heating
Central
Interior Features
Balcony, Built-in Features, Ceiling Fan(s), In- Law Floorplan, Open Floorplan, Unfurnished
Window Features
Double Pane Windows
Exterior
Association Amenities
Other
Community Features
Sidewalks
Electric
Electricity – On Property
Fencing
None
Foundation Details
Slab
Garage Spaces
2.00
Lot Features
0-1 Unit/ Acre, Corner Lot
Parking Features
Attached Carport, Direct Garage Access, Driveway – Combination, Concrete, Garage, Garage – Two Door, Off Street, On Site, Parking Space, Private
Parking Spots
5.00
Pool Features
None
Roof
None
Sewer
Public Sewer
Spa Features
See Remarks
Stories Total
3
View
Bay, City Lights, Harbor, Landmark, Marina, Mountain(s), Neighborhood, Ocean, See Remarks, Water
Water Source
Public
Financial
Tenant Pays
Other, See Remarks
Utilities
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Map
Community
- Address1509 W Balboa Boulevard Newport Beach CA
- AreaNP – Balboa Peninsula
- CityNewport Beach
- CountyOrange
- Zip Code92663
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1509 W Balboa Boulevard
Newport Beach, CA
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