Property Description
Not your average beach bungalow! Set on a rare double lot just one street from the sand, on the coveted Balboa Peninsula, this one-of-a-kind Spanish Colonial Revival estate, channels the charm of a Caribbean-style fortress with arched windows, soaring wood beam ceilings, and wrought iron detailing. Enjoy peek-a-boo ocean views and unmatched curb appeal in a home that’s as iconic as it is inviting.
Offering 3+ bedrooms, and 3 full bathrooms, including a private guest/maid’s quarters with separate entrance and staircase, this layout is as flexible as it is functional. The gated front patio is an entertainer’s dream, with authentic Saltillo tile, a built-in fireplace, BBQ/bar, and an ornate fountain anchoring the courtyard.
Inside, modern updates seamlessly blend with old-world character: a gourmet kitchen with custom wood cabinetry, granite counters, and Sub-Zero/Viking appliances; a dreamy primary suite with walk-in closet, hardwood floors, and balcony access; and a spa-inspired bath featuring heated marble floors, dual vanities, marble slab shower, and soaking tub.
Private alley access to an attached 2-car garage, just steps from the beach and minutes from world-renowned dining, shopping, and entertainment. Gated, private, and dripping with storybook character—this is coastal living with soul.
Get a detailed valuation report, schedule a tour or make an offer!
“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 Savings
$120,587
TurboHome Estimated Value
$8,519,500
$2,086 sqft
High Valuation
$8,945,475
$2190/sqft
Normal Valuation
$8,519,500
$2086/sqft
Low Valuation
$8,093,525
$1982/sqft
3rd Party Estimates
Source | $/sqft | Valuation |
---|---|---|
HouseCanary | $2086/sqft | $8,519,500 |
Get a detailed valuation report, schedule a tour or make an offer!
“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.”
Neighborhood
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Comparative Value
$5.20M
$6.50M
$9.00M
407 Dahlia Ave, Corona Del Mar, CA 92625
Sale Price: $5,200,000
Selected Comparable
1306 Dolphin Ter, Corona Del Mar, CA 92625
Sale Price: $6,500,000
Selected Comparable
1585 E Ocean Blvd, Newport Beach, CA 92661
List Price: $8,999,900
Subject Property
Neighborhood Comps
Subject Property
SUBJECT1585 E Ocean Blvd, Newport Beach, CA 92661
List: $8,999,900
Listed: 5/29/2025
Area:4,084 sqft
Price/sqft:$2,204
Beds:5
Baths:3
Year Built:—
Lot Size:4,900
Comparable Properties
COMPARABLEChoose comps
1306 Dolphin Ter, Corona Del Mar, CA 92625
Sale: $6,500,000
5/12/2025 • 0.91 mi
Area:3,850 sqft
Price/sqft:$1,688
Beds:4
Baths:4
Year Built:—
Weight:53.2%
407 Dahlia Ave, Corona Del Mar, CA 92625
Sale: $5,200,000
4/14/2025 • 0.73 mi
Area:3,383 sqft
Price/sqft:$1,537
Beds:4
Baths:4
Year Built:—
Weight:46.8%
Subject Property
SUBJECTImage | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
1585 E Ocean Blvd, Newport Beach, CA 92661 | $8,999,900 | 4,084 | $2,204 | 4,900 | — | 5/29/2025 | 5 | 3 | — | — |
Comparable Properties
COMPARABLEChoose comps
Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
1306 Dolphin Ter, Corona Del Mar, CA 92625 | $6,500,000 | 3,850 | $1,688 | 8,117 | 0.91 mi | 5/12/2025 | 4 | 4 | — | 53.2% | |
407 Dahlia Ave, Corona Del Mar, CA 92625 | $5,200,000 | 3,383 | $1,537 | 5,500 | 0.73 mi | 4/14/2025 | 4 | 4 | — | 46.8% |
Nearby Listings
15 similar properties within 5 miles

List Price: $8,999,000
1201 N Bay Front, Newport Beach, CA 92662
4 bd 4 ba 2,724 sqft
TurboHome Est. Value:
$8,555,400

List Price: $7,295,000
206 E Oceanfront, Newport Beach, CA 92661
4 bd 3 ba 1,583 sqft
TurboHome Est. Value:
$3,939,100

List Price: $8,995,000
748 Harbor Island Dr, Newport Beach, CA 92660
4 bd 4 ba 4,017 sqft
TurboHome Est. Value:
$10,441,500
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