A sophisticated contemporary farmhouse that exudes a modern yet rustic charm, blending timeless, traditional elements with a sleek and bold aesthetic. With easy, fluid indoor/outdoor living this newly constructed residence within the charming Newport Beach community of Peninsula Point is positioned on an oversized lot just one home from the bay front and enjoys views of the harbor, sparking city lights, and ocean, as well. A striking exterior color palette serves as a dramatic canvas for the home, softened by exquisite landscape design. Envisioned by architect Eric Aust and crafted by Clayton Builders the thoughtfully designed five bedroom, five-and-a-half bath floor plan is steeped in bespoke finish details, with each unique living space feeling comfortable and inviting. Curated fixtures, wire-brushed White Oak millwork, honed European marble and limestone all speak to the character of the home. Light-filled rooms shine throughout the day and take on a rich, seductive glow at twilight as the sun sets over the water. Fluent living, dining and professional-grade kitchen spaces allow for relaxed living and entertaining at the beach. The stunning ocean view primary suite enjoys a private terrace, vaulted ceilings, cozy fireplace, large dressing area and tranquil spa bath. Four additional guest bedrooms – one conveniently located on the first floor of the residence – allow for myriad visiting family and friends. The third-floor retreat enjoys a covered ocean view entertaining loggia, and a separate covered deck with a custom, handcrafted cedar hot tub and view of Newport Harbor. Additional notable appointments of the home include two car garage with separate golf cart parking portico, antique brass outdoor beach shower, home automation, back-up residential battery system, TESLA charger, solar panels, and three fireplaces. Embodying the legendary California lifestyle, this chic coastal home has undeniable panache.
Sold for $7,200,000
Listed by: EQTY Forbes Global Properties • Tara Foster Shapiro • Contact: 949-438-4908
Bought with: EQTY Forbes Global Properties
$7,200,000
1416 E Balboa Blvd, Newport Beach, CA 92661
5beds
3,214sqft
Single Family Residence
Built in 2022
2,700 Square Feet Lot
$-- Zestimate®
$2,240/sqft
$30,000 Estimated rent
Home value
Not available
Estimated sales range
Not available
$30,000/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Tara Foster Shapiro DRE #01892201 949-478-7781,
EQTY Forbes Global Properties
Bought with:
Tara Foster Shapiro, DRE #01892201
EQTY Forbes Global Properties
Source: CRMLS,MLS#: NP24015897
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 1
Rooms
- Room types: Bedroom, Den, Great Room, Kitchen, Laundry, Other, Retreat, Dining Room
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathtub, Dual Sinks, Stone Counters, Soaking Tub, Separate Shower
Kitchen
- Features: Kitchen Island, Stone Counters, Self-closing Cabinet Doors, Self-closing Drawers
Other
- Features: Walk-In Closet(s)
Heating
- Forced Air, Natural Gas, Zoned
Cooling
- Central Air, Zoned
Appliances
- Included: 6 Burner Stove, Built-In Range, Barbecue, Double Oven, Dishwasher, Freezer, Gas Cooktop, Disposal, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Water Heater, Dryer, Washer
- Laundry: Laundry Room, Upper Level
Features
- Built-in Features, Balcony, Separate/Formal Dining Room, High Ceilings, Open Floorplan, Pantry, Stone Counters, See Remarks, Wired for Data, Wired for Sound, Bedroom on Main Level, Walk-In Closet(s)
- Flooring: See Remarks, Stone, Wood
- Has fireplace: Yes
- Fireplace features: Gas Starter, Living Room, Primary Bedroom, Outside, See Remarks
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 3,214 sqft
Property
Parking
- Total spaces: 3
- Parking features: Direct Access, Door-Single, Garage, Garage Faces Rear
- Attached garage spaces: 2
- Uncovered spaces: 1
Features
- Levels: Three Or More
- Stories: 3
- Entry location: first floor
- Patio & porch: Covered, Deck, Rooftop, Stone, Terrace
- Exterior features: Rain Gutters
- Pool features: None
- Has spa: Yes
- Spa features: See Remarks, Roof Top
- Fencing: Stone,Wood
- Has view: Yes
- View description: Bay, City Lights, Neighborhood, Ocean, Water
- Has water view: Yes
- Water view: Bay,Ocean,Water
Lot
- Size: 2,700 Square Feet
- Features: Landscaped, Rectangular Lot, Street Level
Details
- Parcel number: 04818116
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Turnkey
- New construction: No
- Year built: 2022
Utilities & green energy
- Electric: 220 Volts in Garage
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Curbs, Park, Storm Drain(s), Street Lights, Sidewalks, Urban, Water Sports
- Security: Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
- Subdivision: Balboa Peninsula Point (Blpp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $2,240/sqft
- Tax assessed value: $5,760,813
- Annual tax amount: $60,959
- Date on market: 1/25/2024
- Cumulative days on market: 67 days
- Listing terms: Cash,Cash to New Loan,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/25/2024 | Sold | $7,200,000-3.9%$2,240/sqft |
Source:  CRMLS #NP24015897 Report a problem | ||
| 4/23/2024 | Pending sale | $7,495,000$2,332/sqft |
Source: CRMLS #NP24015897 Report a problem | ||
| 4/2/2024 | Contingent | $7,495,000$2,332/sqft |
Source: CRMLS #NP24015897 Report a problem | ||
| 1/25/2024 | Listed for sale | $7,495,000$2,332/sqft |
Source: CRMLS #NP24015897 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2022 | $60,959 +34% | $5,760,813 +34.3% |
| 2021 | $45,493 +5.5% | $4,289,299 +5.6% |
| 2020 | $43,106 | $4,060,000 +268.1% |
| 2019 | $43,106 +1950.4% | $1,102,856 +578.8% |
| 2018 | $2,102 +3.7% | $162,460 +2% |
| 2017 | $2,028 | $159,275 +2% |
| 2016 | $2,028 +2.1% | $156,152 +1.5% |
| 2015 | $1,986 +3.5% | $153,807 +2% |
| 2014 | $1,920 | $150,795 +0.5% |
| 2013 | -- | $150,114 +2% |
| 2012 | -- | $147,171 +2% |
| 2011 | -- | $144,286 +0.8% |
| 2010 | -- | $143,208 -0.2% |
| 2009 | -- | $143,549 +2% |
| 2008 | -- | $140,735 +2% |
| 2007 | -- | $137,976 +2% |
| 2006 | -- | $135,271 +2% |
| 2005 | -- | $132,619 +2% |
| 2004 | -- | $130,019 +1.9% |
| 2003 | -- | $127,637 +13.6% |
| 2002 | -- | $112,335 +2% |
| 2001 | $1,211 +2.6% | $110,133 +2% |
| 2000 | $1,181 | $107,974 |
Find assessor info on the county website
Neighborhood: 92661
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Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 1.7 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 2 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 2.1 mi
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- Orange County
- Newport Beach
- 92661
- 1416 E Balboa Blvd
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