
1617 East Balboa Boulevard, Newport Beach, CA 92661
1617 East Balboa Boulevard, Newport Beach, CA 92661
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
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Newport Beach · Single Family Residence
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.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 2952 Quedada | Newport Beach | 1972 | 4 | 3 | 2,096 | 2,592 | $930 | $1.95M | 16 | 81 |
| 3112 Corte Hermosa | Newport Beach | 1987 | 3 | 3 | 1,969 | 3,575 | $1,511 | $2.98M | 40 | 77 |
| 537 Vista Grande | Newport Beach | 1968 | 3 | 2 | 2,080 | 2,590 | $1,082 | $2.25M | 109 | 75 |
| 324 Prospect Street | Newport Beach | 1961 | 3 | 3 | 2,211 | 2,480 | $1,264 | $2.79M | 57 | 75 |
| 333 Grand Canal | Newport Beach | 1926 | 4 | 3 | 1,741 | 1,700 | $2,122 | $3.69M | 1268 | 74 |
| Total: 5 · Average | 3.4 | 2.8 | 2,019.4 | 2,587.4 | $1,381.8 | $2.73M | 298 | |||
| Median | 2,080 | $2.79M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1730 Ocean Boulevard | Newport Beach | 1937 | 09/18/2026 | 3 | 3 | 2,100 | 2,625 | $4.59M | $4.20M | $2,000 | 0.91 | 133 | 81 |
| 3618 Park Lane | Newport Beach | 2017 | 09/18/2026 | 4 | 3 | 1,913 | 2,333 | $4.39M | $4.30M | $2,248 | 0.98 | 20 | 76 |
| 2012 Ocean Boulevard | Newport Beach | 1955 | 09/28/2026 | 4 | 3 | 1,643 | 2,625 | $3.75M | $3.65M | $2,222 | 0.97 | 30 | 75 |
| 1 Cormorant Circle | Newport Beach | 1986 | 09/11/2026 | 3 | 3 | 1,739 | 3,500 | $1.85M | $1.80M | $1,035 | 0.97 | 66 | 74 |
| 63 Shearwater | Newport Beach | 1986 | 09/10/2026 | 3 | 3 | 1,739 | 3,500 | $2.10M | $2.00M | $1,150 | 0.95 | 222 | 74 |
| Total: 5 · Average | 3.4 | 3.0 | 1,826.8 | 2,916.6 | $3.19M | $3.19M | $1,731 | — | 94.2 | ||||
| Median | 1,739 | $3.65M | $3.65M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.