$4,495,000
$200K PRICE DROP

Estimated payment $28,000/month

Total Views 28,344
4 Beds
3.5 Baths
2,400 Sq Ft
$1,873 Price per Sq Ft

Highlights

  • No HOA
  • Neighborhood Views
  • Laundry Room
  • Abraham Lincoln Elementary School Rated A
  • 2 Car Attached Garage
  • Central Air

About This Home

Experience the best of coastal living in this newly renovated corner residence on coveted Balboa Island. Featuring 3 bedrooms, 3 bathrooms, and 2,042 square feet of refined interior space, this home seamlessly combines timeless island charm with elevated contemporary design.

Step inside to a sun-filled open floor plan with high-end finishes throughout. The gourmet kitchen is a true showpiece, boasting premium appliances, custom cabinetry, and an oversized island perfect for both everyday living and entertaining. The adjacent living room with fireplace and open-concept dining area create a warm and inviting atmosphere.

Upstairs, the expansive primary suite offers a tranquil retreat with a spa-inspired en-suite bathroom. Two additional bedrooms provide generous space for family or guests, all designed with comfort and style in mind.

Enhancing the property’s versatility is a fully permitted 358 sq. ft. Accessory Dwelling Unit (ADU), ideal for guest accommodations, a private home office, or rental income.

Situated just steps from the bay, local boutiques, and waterfront dining, this rare corner-lot home offers the ultimate Balboa Island lifestyle—modern amenities, thoughtful updates, and a premier location in one of Newport Beach’s most iconic communities.

Listing Agent

Milaad Forootan

Titan Pacific Group Inc Brokerage Phone: 949-331-4450 License #01425386 Listed on: 07/24/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $40,684

Year Built

  • Built in 1928

Lot Details

  • 2,550 Sq Ft Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms

Utilities

  • Central Air

Community Details

  • No Home Owners Association
  • Balboa Island Main Island Subdivision

Listing and Financial Details

  • Legal Lot and Block 14 / 19
  • Tax Tract Number 101
  • Assessor Parcel Number 05012301
  • $3,081 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$40,684

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Island - Main Island (BALM)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 05012301
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2400.00 Square Feet
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1872.92
  • Room Type: All Bedrooms Up

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2550.00
  • Lot Size Acres: 0.0585

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2550.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 19
  • Tax Census Tract: 630.06
  • Tax Lot: 14
  • Tax Tract Number: 101
  • TaxOtherAnnualAssessmentAmount: 3081.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $40,684 $3,781,083 $3,444,249 $336,834
2024 $40,684 $3,537,500 $3,376,714 $160,786
2023 $6,872 $368,588 $166,592 $201,996
2022 $4,235 $361,361 $163,325 $198,036
2021 $4,155 $354,276 $160,123 $194,153
2020 $4,114 $350,644 $158,481 $192,163
2019 $4,036 $343,769 $155,373 $188,396
2018 $3,958 $337,029 $152,327 $184,702
2017 $3,889 $330,421 $149,340 $181,081
2016 $3,805 $323,943 $146,412 $177,531
2015 $3,765 $319,078 $144,213 $174,865
2014 $3,676 $312,828 $141,388 $171,440
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 Price Changed $4,495,000 -4.3% $1,873 / Sq Ft
07/24/2025 07/24/25 For Sale $4,695,000 +72.3% $1,956 / Sq Ft
04/26/2023 04/26/23 Sold $2,725,000 -0.9% $1,467 / Sq Ft
04/04/2023 04/04/23 Pending -- -- --
03/27/2023 03/27/23 For Sale $2,749,000 -- $1,480 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $3,537,500 First American Title Company
Grant Deed $2,725,000 Chicago Title Company
Deed -- --
Interfamily Deed Transfer -- Placer Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 No Value Available
Open $3,272,500 New Conventional
Previous Owner $4,011,900 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $938,250 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $417,000 Unknown
Previous Owner $416,000 Unknown
Closed $0 Purchase Money Mortgage
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25167323

California Regional Multiple Listing Service (CRMLS)

APN: 050-123-01