Situated on a prominent corner lot in one of Orange County’s most connected locations, this thoughtfully designed three-story residence offers exceptional flexibility, privacy, and income potential in the heart of Newport Beach. Spanning 3,905 square feet, the home features 5 bedrooms and 5.5 bathrooms, carefully designed to accommodate multigenerational living, guest privacy, work-from-home lifestyles, or potential rental opportunities. At the top of the home, a third-story penthouse retreat captures sweeping views and offers the perfect private suite. Throughout the home, thoughtful details elevate everyday living, including five jetted bathtubs for a true spa-like experience and abundant storage space rarely found in today’s homes. Car enthusiasts, hobbyists, and adventurers alike will appreciate the two separate 2-car garages, including a detached garage structure with an oversized driveway suitable for RV parking, additional vehicles, or flexible use potential. Ideally located in the heart of Orange County, the property places Newport Beach, Irvine, Costa Mesa, and Tustin just moments away. Enjoy close proximity to world-class shopping and dining at Fashion Island and South Coast Plaza, cultural attractions including South Coast Repertory, recreation at Newport Beach Golf Course and Santa Ana Country Club, nearby beaches, the Orange County Fairgrounds, John Wayne Airport, and convenient access to the 405, 5, 55, and 73 freeways. A rare opportunity combining size, versatility, location, and long-term potential in a highly sought-after coastal-adjacent setting. A home designed not only for how life looks today — but for all the ways it may evolve tomorrow.
Property Details
Price:
$3,195,000
MLS #:
41135880
Status:
Active
Beds:
5
Baths:
5.5
Type:
Single Family
Subtype:
Single Family Residence
Listed Date:
Aug 20, 2026
Finished Sq Ft:
3,905
Lot Size:
7,300 sqft / 0.17 acres (approx)
Year Built:
1963
See this Listing
Schools
Interior
Appliances
Electric Water Heater
Bathrooms
5 Full Bathrooms, 1 Half Bathroom
Cooling
Central Air
Flooring
Tile, Carpet
Laundry Features
Washer Included, Dryer Included
Levels
Three Or More
Exterior
Architectural Style
Contemporary
Attached Garage YN
1
Construction Materials
Stucco
Covered Spaces
2
Garage Spaces
2
Lot Features
Sprinklers In Front, Corner Lot, Front Yard
Other Structures
Storage
Parking Features
Garage, RV Access/Parking
Parking Spots
8
Parking Total
8
Patio And Porch Features
Deck
Roof
Shingle
Financial
Map
Community
- Address1622 Pegasus St Newport Beach CA
- CityNewport Beach
- CountyOrange
- Zip Code92660
Subdivisions in Newport Beach
- Back Bay Custom Homes BBCS
- Balboa Coves BLCV
- Balboa Island – Collins Island BALC
- Balboa Island – Little Island BALL
- Balboa Island – Main Island BALM
- Balboa Peninsula Point BLPP
- Balboa Peninsula Residential BALP
- Baycrest North BCNO
- Baycrest South BCSO
- Bayridge BRID
- Bayshores BSHR
- Bayside Village BAYV
- Bayview Terrace BVTR
- Beacon Bay BEAC
- Belcourt Hill BLHL
- Belcourt Terrace BLTR
- Big Canyon Broadmoor BCBM
- Big Canyon Custom BCCS
- Big Canyon Deane BCDN
- Big Canyon McLain BCMC
- Bluffs Original BORI
- Bluffs Plaza Area BOPL
- Bluffs Tennis Villas BNTV
- Bonnie Bay Highland Homes UBHH
- Cannery Village Mobile Park CVMP
- Castaways CAST
- Central Newport CNEW
- Cherry Lake Estates UBLE
- Cliffhaven CLIF
- Dover Shores “”100″” Series DSA1
- Dover Shores DSAM
- Eastbluff – Lusk EBLK
- Eastbluff – Macco EBMO
- Granville GRNV
- Harbor Cove Promenade HCPM
- Harbor Hill HARH
- Harbor Island “”Drive”” HIDC
- Harbor Island HARI
- Harbor Ridge Crest HRCR
- Harbor Ridge Custom HRCS
- Harbor Ridge Estates HRES
- Harbor View Homes HVHM
- Kings Road KGRD
- Lido Building #601 L601
- Lido Building #621 L621
- Lido Island LIDO
- Lido Peninsula LIPN
- Linda Isle LIND
- Madison BCYM
- Newport Crest NEWC
- Newport Heights NEWH
- Newport Island NEWI
- Newport North Townhomes NNTH
- Newport Shores NEWS
- Promontory Bay Custom PBCS
- Providence OFPV
- Santa Ana Heights Residential SAHR
- Sea Island – Lusk SILK
- Seaview SEAV
- Summer House OFSH
- Versailles VERS
- Villa Balboa VBAL
- Villa Point VILP
- Villa Siena VSEN
- West Newport Beach WSNB
- Westcliff East WCDE
- Westcliff West WCDW
Market Summary
Current real estate data for Single Family in Newport Beach as of Oct 19, 2026
232
Single Family Listed
93
Avg DOM
2,153
Avg $ / SqFt
$7,298,416
Avg List Price
Property Summary
- 1622 Pegasus St Newport Beach CA is a Single Family for sale in Newport Beach, CA, 92660. It is listed for $3,195,000 and features 5 beds, 6 baths, and has approximately 3,905 square feet of living space, and was originally constructed in 1963. The current price per square foot is $818. The average price per square foot for Single Family listings in Newport Beach is $2,153. The average listing price for Single Family in Newport Beach is $7,298,416.
Similar Listings Nearby
1622 Pegasus St
Newport Beach, CA


