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1617 East Balboa Boulevard, Newport Beach, CA 92661

$5.35M4bd · 3ba · 2,078 sqft
Lot 3,080 sqft•Single Family Residence•
Active
•91d on market•MLS# NP-26146717

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

FeeBuilt 1929

Property Details

Land Type
Fee
Year Built
1929
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
4
Garage Spaces
2
Heating
Central
Cooling
None
View
None
Flooring
Carpet, Tile, Wood
Roof
Shingle
City
Newport Beach
Zip Code
92661
County
Orange
Listed byPoelstra Properties, Julie Poelstra

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$27,052.51
Principal & Interest
Loan Amount
$4,280,000
Total Interest
$5,458,904
Total Payment Over 30 Years
$9,738,904
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

1617 East Balboa Boulevard, Newport Beach, CA 92661

Newport Beach · Single Family Residence

$5.35M
Luxury Tier
Beds
4
Baths
3
Sqft
2,078
Lot
3,080 sqft
Year
1929
$/Sqft
$2575
Pool: No✓
Spa: No✓
View: None✓
Garage: 2-car✓

Listed 46.6% above the median closed sale of $3,650,000. Price per sqft ($2,575) is a 49% premium to closed comps ($1,731). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $5.35M· $2,575/sqft
Total list price
Closed comps
vs closed median $3.65M
+$1.70M (+46.6%)
Active comps
vs active median $2.79M
+$2.56M (+91.4%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,382
+$1K (+86.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2952 QuedadaNewport Beach1972432,0962,592$930$1.95M1681
3112 Corte HermosaNewport Beach1987331,9693,575$1,511$2.98M4077
537 Vista GrandeNewport Beach1968322,0802,590$1,082$2.25M10975
324 Prospect StreetNewport Beach1961332,2112,480$1,264$2.79M5775
333 Grand CanalNewport Beach1926431,7411,700$2,122$3.69M126874
Total: 5 · Average3.42.82,019.42,587.4$1,381.8$2.73M298
Median2,080$2.79M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1730 Ocean BoulevardNewport Beach193709/18/2026332,1002,625$4.59M$4.20M$2,0000.9113381
3618 Park LaneNewport Beach201709/18/2026431,9132,333$4.39M$4.30M$2,2480.982076
2012 Ocean BoulevardNewport Beach195509/28/2026431,6432,625$3.75M$3.65M$2,2220.973075
1 Cormorant CircleNewport Beach198609/11/2026331,7393,500$1.85M$1.80M$1,0350.976674
63 ShearwaterNewport Beach198609/10/2026331,7393,500$2.10M$2.00M$1,1500.9522274
Total: 5 · Average3.43.01,826.82,916.6$3.19M$3.19M$1,731—94.2
Median1,739$3.65M$3.65M

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.