new - 15 hours on rocket

56 Balboa, Newport Beach, CA, 92663

$8,500,000

5 Bedrooms
4 Full Baths
2,948 SqFt
$2,883/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingDirect Access, Door-Single, Driveway, Garage
Attached Garage2 spaces
Year Built1955
HeatingCentral
CoolingCentral Air
WaterfrontBeach, Bay Front, Dock Access, Ocean Access
FireplaceFamily Room, Primary Bedroom
ViewBay
MLS #OC24245979
Lot Size0.10 Acres
StatusActive

About 56 Balboa

Enjoy the very best of Newport Beach coastal living in this thoughtfully reimagined bay front home, located on a semi-private beach in an exclusive gated area with only 68 homes. With over 38 feet of waterfront, this home also has an assigned dock to accommodate a vessel of up to 35 feet for boat enthusiasts. Completely reimagined with a new exterior designed by landscape architect Ray Morrow Designs, the home now includes seamless indoor/outdoor living, with La Cantina Bi-fold doors, new patio, stonework, quartzite barbecue, fire pit, custom water features, and hand-crafted exterior lighting. The landscaping has also been redesigned to compliment the new exterior. The open concept is complete with French Oak flooring throughout with beamed ceilings to add to the coastal chic aesthetic. A professional chef's kitchen boasts a large island, quartz countertops, Wolf appliances, and custom lighting and cabinetry. Just off the dining room is a newly built temperature controlled wine room which holds up to 168 bottles of your favorite vino.The interior was designed and furnished by Restoration Hardware. Upstairs a tranquil primary suite awaits with fireplace and private balcony to take in the sunsets over the bay and watch the boats come in at the end of the day. The en suite bath is complete with oversized walk in closet, marble floors, free standing soaking tub, glass enclosed shower, and dual sinks. Also upstairs are two other bedrooms and full bath with dual sinks and marble flooring. Off the front of the home is a balcony overlooking the park conveniently located across the street for your kids and pups. Other upgrades in this exceptional property include a Nest system, new garage door, new plumbing, tankless water heater, sump pump, and glass fencing. Come take advantage of all Newport Beach has to offer with award winning schools and world class shopping. One highlight of this enclave is a private pedestrian gate steps away for a short stroll or bike ride to Lido Isle and all the fabulous shops and restaurants. No need to get on PCH! Or, take your duffy from your private slip to the Balboa Fun Zone, Lido House Resort, and all the waterfront establishments without having to get in your car and fight traffic!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1955
  • Stories: 2
  • Living Area: 2,948 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (949) 424-4300
  • Listing Agent: Barbara Glass

Interior Features

Interior Information:

  • Appliances: Freezer, Gas Cooktop, Gas Oven, Microwave, Refrigerator, Range Hood
  • Flooring Type: Wood
  • Interior: Beamed Ceilings, Built-in Features, Balcony, Crown Molding, Separate/Formal Dining Room, Eat-in Kitchen, Furnished, High Ceilings, Pantry, Recessed Lighting, Attic, Bedroom on Main Level, Primary Suite, Wine Cellar, Walk-In Closet(s)
  • Fireplace: Family Room, Primary Bedroom

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Beach, Bay Front, Dock Access, Ocean Access
  • View: Bay
  • Exterior: Barbecue, Boat Slip, Rain Gutters

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Direct Access, Door-Single, Driveway, Garage

Lot Features

Lot Information:

  • Lot: Back Yard, Sprinklers In Rear, Sprinklers In Front, Lawn, Landscaped, Sprinklers
  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From PCH; Turn on Balboa Coves; Go through securtty gate and turn left

Price Information

Listing Price Info

Price Summary:

  • List Price: $8,500,000
  • Price Per SqFt: $2,883/SqFt

HOA Fees:

  • Amount: $246
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Newport Beach, CA.

Med. Sold Price

$3.5M

Med. Price/SqFt

$1,425

Avg. Days On Market

43

# of Sold Homes

71

56 Balboa vs Newport Beach

1 DAY ON ROCKET

-42 Days

$8,500,000

+$5.0M More

$2,883/SqFt

+$1.4K More

KEY TAKEAWAY

This property is $5.0M more than the Median Sold Price and $1.4K/SqFt more than other homes in Newport Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #OC24245979

Listing Office:

  • Office Name: Compass
  • Office Phone: (949) 424-4300
  • Listing Agent: Barbara Glass

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:55:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$42.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$25.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4290964
7
/10
  • Newport Heights Elementary School

  • 300 E 15th St

  • 0.85 miles

  • Public District Grades KG-6

school-card-donut-4290965
8
/10
  • Newport Elementary School

  • 1327 W Balboa Blvd

  • 1.24 miles

  • Public District Grades KG-6

school-card-donut-4290966
4
/10
  • Whittier Elementary School

  • 1800 Whittier Ave

  • 1.48 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $114,706. Residents of Newport Beach, CA typically earn between $100k-200k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 56 Balboa

What is the listing price of this property?

The listing price of 56 Balboa property is $8,500,000.

What type of property is this?

The property 56 Balboa is a house located in Newport Beach, California, 92663.

Is this property for sale now?

Active Listing: 56 Balboa is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 56 Balboa has 5 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 56 Balboa is 2,948 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 56 Balboa is 1955.
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Rocket HomesCaliforniaOrange CountyNewport Beach9266356 Balboa

This home is located at 56 Balboa in Newport Beach, CA and zip code 92663 in the Balboa Peninsula neighborhood. This 2,948 square foot home, which was built in 1955, sits on a 0.10 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 17, 2024 and is currently priced at $8,500,000.

In November 2024, from all listings sold in Newport Beach, CA there were more than 9 sold above asking price, over 48 sold below and more than 14 were sold right at the asked price. Between October 2024 and November 2024, Newport Beach, CA real estate market has seen decrease in the number of listings by 2.5%. The median list price of listings available in November 2024 was $3,500,000, while the average time on the real estate market was 43 days.

From Rocket Homes Real Estate and based on county public records data.

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