Set directly on the sand along one of Newport Beach’s most sought-after stretches of coastline, this exceptional oceanfront residence sits on a rare oversized corner lot with 45 feet of beach frontage, capturing sweeping, unobstructed views of the Pacific, bay, and coastline beyond. The home is defined by its seamless indoor-outdoor flow, opening to an expansive beachfront patio where the sand and sea feel like a natural extension of the living space. Light-filled interiors showcase an open-concept design with walls of glass, a statement fireplace, and a versatile layout featuring a main-level primary suite with ocean views, two additional guest bedrooms, separate staff quarters, and a private upper-level retreat, all connected by an elevator servicing three interior levels. A rooftop deck offers panoramic views in every direction, ideal for entertaining or relaxing above it all, while a lower-level wine cellar adds a refined touch. With garage and carport parking for up to 7 vehicles, this property delivers a rare blend of scale, architectural pedigree, and effortless beachfront living in an irreplaceable location.
For sale
Listed by: Douglas Elliman of California • Joshua Altman • Contact: 310-595-3888
$10,895,000
1201 E Balboa Blvd, Newport Beach, CA 92661
5beds
4,111sqft
Single Family Residence
Built in 1991
3,178 Square Feet Lot
$10,372,000 Zestimate®
$2,650/sqft
$-- HOA
What's special
Oceanfront residenceStatement fireplaceSeparate staff quartersLower-level wine cellarPrivate upper-level retreatExpansive beachfront patioOpen-concept design
- 188 days |
- 891 |
- 41 |
Zillow last checked:
Listing updated:
Listed by:
Joshua Altman DRE #01764587 310-595-3888,
Douglas Elliman of California,
Heather Altman DRE #01833121 310-924-4664,
Douglas Elliman of California, Inc.
Source: CRMLS,MLS#: OC26073538
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Rooms
- Room types: Bedroom, Entry/Foyer, Foyer, Library, Living Room, Primary Bathroom, Primary Bedroom, Wine Cellar
Primary bedroom
- Features: Main Level Primary
Primary bedroom
- Features: Primary Suite
Bedroom
- Features: Bedroom on Main Level
Kitchen
- Features: Kitchen Island, Kitchen/Family Room Combo
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Inside
Features
- Balcony, Elevator, Recessed Lighting, Bedroom on Main Level, Entrance Foyer, Main Level Primary, Primary Suite, Wine Cellar
- Has fireplace: Yes
- Fireplace features: Living Room, Primary Bedroom
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 4,111 sqft
Property
Parking
- Total spaces: 7
- Parking features: Covered, Carport, Garage, Private
- Attached garage spaces: 2
- Carport spaces: 5
- Covered spaces: 7
Features
- Levels: Multi/Split
- Entry location: Ground Level
- Pool features: None
- Has view: Yes
- View description: Bay, Coastline, Ocean, Panoramic
- Has water view: Yes
- Water view: Bay,Coastline,Ocean
Lot
- Size: 3,178 Square Feet
- Features: Corner Lot
Details
- Parcel number: 04816301
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1991
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights, Suburban, Sidewalks
- Security: Security System
- Subdivision: Balboa Peninsula (Residential) (Balp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $2,650/sqft
- Tax assessed value: $9,200,000
- Annual tax amount: $87,027
- Date on market: 4/8/2026
- Cumulative days on market: 188 days
- Listing terms: Conventional
Estimated market value
$10,372,000
$9.85M - $10.89M
$7,764/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/8/2026 | Listed for sale | $10,895,000-0.9%$2,650/sqft |
Source:  CRMLS #OC26073538 Report a problem | ||
| 12/21/2025 | Listing removed | $10,995,000-18.6%$2,675/sqft |
Source:  SDMLS #NP25143310 Report a problem | ||
| 6/29/2025 | Listed for sale | $13,500,000$3,284/sqft |
Source: SDMLS #NP25143310 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $87,027 +207.3% | $9,200,000 +246.6% |
| 2024 | $28,322 +2.4% | $2,654,314 +2% |
| 2023 | $27,660 +1.7% | $2,602,269 +2% |
| 2022 | $27,202 +2% | $2,551,245 +2% |
| 2021 | $26,680 +1% | $2,501,221 +1% |
| 2020 | $26,424 | $2,475,575 +2% |
| 2019 | $26,424 +2.1% | $2,427,035 +2% |
| 2018 | $25,876 +3.9% | $2,379,447 +2% |
| 2017 | $24,912 | $2,332,792 +2% |
| 2016 | $24,912 +2.3% | $2,287,051 +1.5% |
| 2015 | $24,351 +3.4% | $2,252,698 +2% |
| 2014 | $23,554 | $2,208,571 +0.5% |
| 2013 | -- | $2,198,590 +2% |
| 2012 | -- | $2,155,481 +2% |
| 2011 | -- | $2,113,217 +0.8% |
| 2010 | -- | $2,097,424 -0.2% |
| 2009 | -- | $2,102,407 +2% |
| 2008 | -- | $2,061,184 +2% |
| 2007 | -- | $2,020,769 +2% |
| 2006 | -- | $1,981,147 +2% |
| 2005 | -- | $1,942,301 +2% |
| 2004 | -- | $1,904,217 +1.9% |
| 2003 | -- | $1,869,317 +2% |
| 2002 | -- | $1,832,664 +2% |
| 2001 | $19,180 +2.5% | $1,796,730 +2% |
| 2000 | $18,715 | $1,761,500 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 92661
Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 1.5 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 1.9 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 1.9 mi
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