1607 W Balboa Blvd, Newport Beach, CA 92663 - View 1
1607 W Balboa Blvd, Newport Beach, CA 92663 - View 2
1607 W Balboa Blvd, Newport Beach, CA 92663 - View 3
1607 W Balboa Blvd, Newport Beach, CA 92663 - View 4
1607 W Balboa Blvd, Newport Beach, CA 92663 - View 5
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1607 W Balboa Blvd, Newport Beach, CA 92663

Sale Price: $3,500,000
May 16, 20243,327 sqft6 beds6 baths
Listed by: Sam Kilic
License #: 01819341
Phone #: 714-866-8183
Mulberry Real Estate Inc
Source:
CRMLS Logo
MLS #: OC24097045

Property Description

Attention developers, investors, or owner users looking to build the ultimate dream home. 1607 W Balboa Blvd to be delivered fully entitled + RTI at COE. This meticulously designed 3-story new construction on Balboa Peninsula, Newport Beach, CA, boasts six bedrooms, a study room, 5.5 bathrooms and a rooftop deck, providing ample space for comfortable living and remote work. With a living area of 3327 sqft and a generous lot of 2563 sqft, it blends elegance with functionality. Featuring a balcony and closed/open deck areas totaling 1280 sqft. Residents can enjoy captivating ocean and bay views for relaxation and entertainment. Conveniently located across from Marina Park, owners have easy access to recreational activities and waterfront amenities. Steps away from the vibrant beach community, with nearby attractions like the Balboa "Fun Zone," local shops, eateries, and waterfront spots. Plans will be included in the As-Is Sale, allowing buyers to tailor the property to their preferences.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$58,092

TurboHome Estimated Value

$3,781,400

$1,137 sqft

High Valuation
$3,970,470
$1193/sqft
Normal Valuation
$3,781,400
$1137/sqft
Low Valuation
$3,592,330
$1080/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1137/sqft$3,781,400

Neighborhood: Balboa Peninsula (Residential) (BALP)

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Comparative Value

$3.50M

$3.69M

$4.83M

$4.91M

1607 W Balboa Blvd, Newport Beach, CA 92663

Sale Price: $3,500,000

Selected Comparable

1607 W Balboa Blvd, Newport Beach, CA 92663

List Price: $3,690,000

Subject Property

3912 River Ave, Newport Beach, CA 92663

Sale Price: $4,830,000

Selected Comparable

400 Catalina Dr, Newport Beach, CA 92663

Sale Price: $4,900,000

Selected Comparable

112 43rd St, Newport Beach, CA 92663

Sale Price: $4,905,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1607 W Balboa Blvd, Newport Beach, CA 92663

1607 W Balboa Blvd, Newport Beach, CA 92663

List: $3,690,000

Listed: 5/16/2024

Area:3,327 sqft
Price/sqft:$1,109
Beds:6
Baths:6
Year Built:
Lot Size:2,562

Comparable Properties

COMPARABLE
Choose comps
1607 W Balboa Blvd, Newport Beach, CA 92663

1607 W Balboa Blvd, Newport Beach, CA 92663

Sale: $3,500,000

12/13/20240.00 mi

Area:3,327 sqft
Price/sqft:$1,052
Beds:6
Baths:6
Year Built:
Weight:33.3%
400 Catalina Dr, Newport Beach, CA 92663

400 Catalina Dr, Newport Beach, CA 92663

Sale: $4,900,000

7/31/20251.21 mi

Area:3,260 sqft
Price/sqft:$1,503
Beds:5
Baths:5
Year Built:
Weight:23.6%
112 43rd St, Newport Beach, CA 92663

112 43rd St, Newport Beach, CA 92663

Sale: $4,905,000

11/6/20241.25 mi

Area:3,100 sqft
Price/sqft:$1,582
Beds:5
Baths:6
Year Built:
Weight:22.2%
3912 River Ave, Newport Beach, CA 92663

3912 River Ave, Newport Beach, CA 92663

Sale: $4,830,000

8/21/20241.12 mi

Area:2,906 sqft
Price/sqft:$1,662
Beds:5
Baths:6
Year Built:
Weight:20.9%

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