Revuelto Construction present a fully entitled, shovel-ready duplex with an ADU development opportunity on a premium corner lot in the heart of Newport Beach's prestigious Balboa Peninsula. Designed by Iconic Architecture this 3,349 square foot site is approved for the construction of two luxury condominiums and a high-end Accessory Dwelling Unit (ADU), offering a compelling blend of prime location, thoughtful design, and strong financial upside. Ideally situated with nearby access to both the Pacific Ocean and Newport Harbor, the property benefits from a high-demand coastal micro-market where homes routinely command top-tier sale prices and vacation rental rates.
The approved development includes six bedrooms and five bathrooms across 2 units plus an ADU, each designed to maximize indoor-outdoor living. Expansive private decks with outdoor kitchens, ample parking, and contemporary architecture contribute to a highly desirable end product. All discretionary approvals, including coastal permits and utility connections, have been secured, allowing for immediate commencement of construction and minimizing holding costs.
This opportunity is further strengthened by the rarity of corner-lot development sites on the Balboa Peninsula. Demand remains strong for Newport Beach condominiums, which consistently outperform Orange County averages in both appreciation and occupancy"”particularly in the short-term rental market. Designed by Iconic Architecture and built by Revuelto Construction, the project is positioned to command a design premium, translating to elevated per-square-foot pricing. This is a unique chance to create lasting value in one of Southern California's most sought-after coastal enclaves is scheduled to be ready for occupancy near February of 2026.
|
DAYS ON MARKET
|
31
|
LAST UPDATED
|
6/13/2025
|
|
YEAR BUILT
|
2025
|
COMMUNITY
|
NP - Balboa Peninsula
|
|
GARAGE SPACES
|
2.0
|
COUNTY
|
Orange
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| AREA |
NP - Balboa Peninsula |
| CONSTRUCTION |
Other |
| EXTERIOR |
Balcony |
| FIREPLACE |
Yes |
| GARAGE |
Yes |
| HEAT |
Central |
| INTERIOR |
Built-in Features, Ceiling Fan(s), In-Law Floorplan, Master Downstairs, Open Floorplan |
| LOT |
2574 sq ft |
| LOT DESCRIPTION |
Corner Lot |
| PARKING |
Attached Carport, Concrete, Direct Access, Driveway, Garage, On Site, Off Street, Private |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
3+ |
| STYLE |
Contemporary, SeeRemarks |
| UTILITIES |
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Bay, City Lights, Harbor, Marina, Mountain(s), Neighborhood, Ocean, Water |
| WATER |
Public |
| WATERFRONT DESCRIPTION |
Ocean Access |
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Listed with Compass
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/14/25 8:16 AM PDT 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. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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