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1309 E Balboa Blvd, Newport Beach, CA 92661

Sale Price: $5,200,000
Feb 17, 20251,316 sqft3 beds2 baths
Listed by: Phillip Caruso
License #: 01934516
Phone #: 310-893-8300
Christie's International R.E. Southern California
Source:
CRMLS Logo
MLS #: NP25024912

Property Description

Ideally located in the prestigious Peninsula Point neighborhood, just moments from the Wedge, this charming oceanfront cottage offers a rare chance to embrace the Newport Beach lifestyle. With breathtaking views of the ocean and Catalina Island, the home enjoys a peaceful, private setting at the end of the boardwalk—an unparalleled location. Originally built around 1915, this traditional cottage is now available for the first time in decades. Nestled in one of Newport’s most iconic beach areas, the property maintains a quiet, untouched feel, making it a true hidden gem. Whether you're swimming, enjoying a beach picnic, or taking a daily stroll along the shore, you'll immediately sense the tranquility and charm of this home. Perfect as it is, the cottage also offers potential for future expansion, renovation, or the creation of a completely new home. Lovingly cared for by the same family since the 1980s, this property provides endless possibilities for those seeking the best in beachside living.
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

$73,992

TurboHome Estimated Value

$5,415,900

$4,115 sqft

High Valuation
$5,686,695
$4321/sqft
Normal Valuation
$5,415,900
$4115/sqft
Low Valuation
$5,145,105
$3910/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$4115/sqft$5,415,900

Neighborhood: Balboa Peninsula (Residential) (BALP)

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Comparative Value

$3.40M

$3.79M

$5.20M

$5.90M

$6.50M

1611 Balboa Ave, Newport Beach, CA 92662

Sale Price: $3,400,000

Selected Comparable

2004 E Ocean Blvd, Newport Beach, CA 92661

Sale Price: $3,500,000

Selected Comparable

2125 Miramar Dr, Newport Beach, CA 92661

Sale Price: $3,785,685

Selected Comparable

1309 E Balboa Blvd, Newport Beach, CA 92661

Sale Price: $5,200,000

Selected Comparable

1309 E Balboa Blvd, Newport Beach, CA 92661

List Price: $5,899,000

Subject Property

129 N Bay Front, Newport Beach, CA 92662

Sale Price: $6,500,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1309 E Balboa Blvd, Newport Beach, CA 92661

1309 E Balboa Blvd, Newport Beach, CA 92661

List: $5,899,000

Listed: 2/17/2025

Area:1,316 sqft
Price/sqft:$4,483
Beds:3
Baths:2
Year Built:
Lot Size:2,400

Comparable Properties

COMPARABLE
Choose comps
1309 E Balboa Blvd, Newport Beach, CA 92661

1309 E Balboa Blvd, Newport Beach, CA 92661

Sale: $5,200,000

4/1/20250.00 mi

Area:1,316 sqft
Price/sqft:$3,951
Beds:3
Baths:2
Year Built:
Weight:23.6%
1611 Balboa Ave, Newport Beach, CA 92662

1611 Balboa Ave, Newport Beach, CA 92662

Sale: $3,400,000

9/18/20240.61 mi

Area:1,357 sqft
Price/sqft:$2,506
Beds:3
Baths:2
Year Built:
Weight:20.4%
2004 E Ocean Blvd, Newport Beach, CA 92661

2004 E Ocean Blvd, Newport Beach, CA 92661

Sale: $3,500,000

11/27/20240.41 mi

Area:1,176 sqft
Price/sqft:$2,976
Beds:3
Baths:2
Year Built:
Weight:20.2%
129 N Bay Front, Newport Beach, CA 92662

129 N Bay Front, Newport Beach, CA 92662

Sale: $6,500,000

7/11/20250.74 mi

Area:1,221 sqft
Price/sqft:$5,324
Beds:2
Baths:2
Year Built:
Weight:18.2%
2125 Miramar Dr, Newport Beach, CA 92661

2125 Miramar Dr, Newport Beach, CA 92661

Sale: $3,785,685

11/15/20240.56 mi

Area:1,426 sqft
Price/sqft:$2,655
Beds:3
Baths:3
Year Built:
Weight:17.5%

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