$10,995,000
 $59,024 est/mo Sourced by Back At You

1123 E Balboa,Newport Beach, CA 92661

Newport Beach, CA 92661

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Description

Introducing a rare opportunity to own a brand-new oceanfront residence with a SHORT TERM RENTAL PERMIT on the highly coveted Balboa Peninsula. Thoughtfully designed and expertly curated, this 4-bedroom, 5.5-bathroom home spans approximately 2,851 square feet and blends timeless coastal architecture with refined, modern finishes. From the moment you enter, the home showcases an elevated yet relaxed aesthetic, featuring custom white oak cabinetry, soft plaster finishes, and a sophisticated mix of natural stone, handcrafted tile, and warm textural elements. The chef’s kitchen is both functional and striking, complete with premium appliances, custom millwork, and a seamless connection to the main living spacesperfectly positioned to capture sweeping ocean views. Each bedroom is ensuite, offering privacy and comfort, while the primary suite is a true retreat with a spa-inspired bath, layered textures, and serene coastal tones. Throughout the home, curated lighting, designer fixtures, and bespoke details create a cohesive and luxurious living experience. One of the home’s most exceptional features is the expansive rooftop deck, offering panoramic ocean and bay viewsan ideal setting for entertaining, relaxing, and enjoying Newport’s iconic sunsets. Located directly on the sand, 1123 E. Balboa delivers the ultimate coastal lifestyle with immediate access to the beach, boardwalk, and all that Newport Beach has to offer.

Details

MLS #OC26083583
Listing TypeFor Sale
StyleHouse
Sub-TypeNew Construction
StatusActive Under Contract
Year2026
Days On Site56
Listing Provided ByCompass | Tara McNabb

Features

Bed(s)4
Bath(s) 6 Total
SQ Feet2,851
Garage2
Story(s)1
Units1
Acreage0.06
Water FrontYes
Property ViewYes

Interior

CoolingCentral Air
Cooling Yes / NoYes
Fireplace Yes / NoYes

Exterior

Lot FeaturesRectangular Lot

Parking

Attached Garage Yes / NoYes
Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesSidewalks

Area Information

StateCA
CountyOrange
CityNewport Beach
Zip Code92661
AreaNP Balboa Peninsula
Community NameBalboa Peninsula (Residential) (BALP)
Listing VS Median (in Balboa Peninsula (Residential) (BALP))
Price:
$10,995,000
low | high
Med:
$3,774,000
100% of Average
sqft:
2,851
low | high
Med:
2,668
56.418800420905% of Average
$ / sqft:
$3,857
low | high
Med:
$1,477
100% of Average
On site:
56
low | high
Med:
357.5
15.664335664336% of Average
Sourced by Back At You

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyOrange
CityNewport Beach
Zip Code92661
AreaNP Balboa Peninsula
Community NameBalboa Peninsula (Residential) (BALP)
Listing VS Median (in Balboa Peninsula (Residential) (BALP))
Price:
$10,995,000
low | high
Med:
$3,774,000
100% of Average
sqft:
2,851
low | high
Med:
2,668
56.418800420905% of Average
$ / sqft:
$3,857
low | high
Med:
$1,477
100% of Average
On site:
56
low | high
Med:
357.5
15.664335664336% of Average
Sourced by Back At You
Listing Updated: August 21, 2026 at 11:59:42 PM PDT