Renovated Beach House with Short-Term Rental Permit!
This beautifully remodeled three-bedroom, three-bathroom home includes a coveted short-term rental permit, making it both a luxurious retreat and an excellent investment. Situated just steps from the ocean and across from the famous Fun Zone, this home offers prime access to all the attractions of Balboa Village.
Completely renovated in 2022 and impeccably maintained, this move-in-ready property boasts new cabinets and countertops, a marble backsplash, stainless steel appliances, porcelain flooring throughout, floating vanities, a gas fireplace, and more. Fully furnished and equipped, it comes with furniture, dishes, bikes, boogie boards, an in-unit washer/dryer, and a refrigerator. Additionally, the home features a rare two-car tandem garage, a valuable find near the beach.
Enjoy a ferry ride to Balboa Island or walk across the street to catch a boat to Catalina—everything is within minutes of walking distance. Short-term rental permits in Newport Beach are highly sought after and often come with a long waiting list
Sold for $1,975,000
Listed by: E Realty • Yazen Haddad • Contact: 562-881-9947
Bought with: The Wright Group
Tax assessed value
$1,975,000
615 E Balboa Blvd APT A, Newport Beach, CA 92661
3beds
1,406sqft
Condominium
Built in 1989
-- sqft lot
$2,503,500 Zestimate®
$1,405/sqft
$6,978 Estimated rent
Home value
$2,503,500
$2.23M - $2.83M
$6,978/mo
Zestimate® history
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$6,978/mo
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$6,978/mo
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$12,322/mo
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$12,322/mo
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Zillow last checked:
Listing updated:
Listed by:
Yazen Haddad DRE #01936781 562-881-9947,
E Realty
Bought with:
Lisa Wright, DRE #01189985
The Wright Group
Source: CRMLS,MLS#: OC24114359
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Bedroom, Dining Room
Bedroom
- Features: All Bedrooms Up
Bathroom
- Features: Bathtub, Quartz Counters, Remodeled
Kitchen
- Features: Kitchen/Family Room Combo, Quartz Counters, Self-closing Cabinet Doors, Self-closing Drawers, Utility Sink
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Gas Range, Microwave, Range Hood, Water Heater
- Laundry: Laundry Room
Features
- Separate/Formal Dining Room, Eat-in Kitchen, Living Room Deck Attached, Quartz Counters, Recessed Lighting, All Bedrooms Up
- Flooring: Tile
- Has fireplace: Yes
- Fireplace features: Family Room
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total interior livable area: 1,406 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: 2
- Patio & porch: Open, Patio
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Bay, Ocean
- Has water view: Yes
- Water view: Bay,Ocean
Details
- Parcel number: 93216034
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Condominium
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1989
Utilities & green energy
- Sewer: Sewer Tap Paid
- Water: Public
- Utilities for property: Cable Available, Cable Connected, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected
Community & HOA
Community
- Features: Golf, Storm Drain(s), Street Lights
- Subdivision: Balboa Peninsula (Residential) (Balp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,405/sqft
- Tax assessed value: $1,975,000
- Annual tax amount: $21,137
- Date on market: 6/5/2024
- Cumulative days on market: 134 days
- Listing terms: Submit
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2024 | Sold | $1,975,000-1.2%$1,405/sqft |
Source:  CRMLS #OC24114359 Report a problem | ||
| 7/26/2024 | Contingent | $1,999,990$1,422/sqft |
Source: CRMLS #OC24114359 Report a problem | ||
| 6/5/2024 | Listed for sale | $1,999,990+42.9%$1,422/sqft |
Source: CRMLS #OC24114359 Report a problem | ||
| 4/15/2021 | Sold | $1,400,000-14.6%$996/sqft |
Source:  CLAW #21676654 Report a problem | ||
| 6/1/2019 | Listing removed | $1,639,000$1,166/sqft |
Source: Watson Realty ERA #21814036 Report a problem | ||
| 4/19/2019 | Price change | $1,639,000-3.5%$1,166/sqft |
Source: Watson Realty ERA #21814036 Report a problem | ||
| 2/8/2019 | Price change | $1,699,000-10.5%$1,208/sqft |
Source: Watson Realty ERA #21814036 Report a problem | ||
| 11/30/2018 | Listed for sale | $1,899,000+65.1%$1,351/sqft |
Source: Watson Realty ERA #21814036 Report a problem | ||
| 11/13/2018 | Listing removed | $4,500$3/sqft |
Source: White Sail Realty Report a problem | ||
| 10/29/2018 | Listed for rent | $4,500$3/sqft |
Source: White Sail Realty Report a problem | ||
| 3/25/2016 | Sold | $1,150,000+27.8%$818/sqft |
Source: Public Record Report a problem | ||
| 9/27/2007 | Sold | $900,000+143.2%$640/sqft |
Source: Public Record Report a problem | ||
| 10/26/2001 | Sold | $370,000$263/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $21,137 +31.9% | $1,975,000 +32.9% |
| 2024 | $16,020 +2.4% | $1,485,691 +2% |
| 2023 | $15,645 +1.7% | $1,456,560 +2% |
| 2022 | $15,383 +13.2% | $1,428,000 +13.5% |
| 2021 | $13,592 +1% | $1,257,692 +1% |
| 2020 | $13,462 | $1,244,796 +2% |
| 2019 | $13,462 +2.1% | $1,220,389 +2% |
| 2018 | $13,186 +3.9% | $1,196,460 +2% |
| 2017 | $12,697 | $1,173,000 +17.5% |
| 2016 | $12,697 +17.3% | $998,622 +1.5% |
| 2015 | $10,824 +10.8% | $983,622 +9.6% |
| 2014 | $9,771 | $897,866 |
| 2013 | -- | $897,866 |
| 2012 | -- | $897,866 |
| 2011 | -- | $897,866 |
| 2010 | -- | $897,866 -0.2% |
| 2009 | -- | $900,000 |
| 2008 | -- | $900,000 +120.6% |
| 2007 | -- | $407,975 +2% |
| 2006 | -- | $399,976 +38% |
| 2001 | $3,033 | $289,868 |
Find assessor info on the county website
Neighborhood: 92661
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Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 1.1 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 1.5 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 1.6 mi
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Estimated market value
$2,503,500
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Estimated market value
$2,503,500
- California
- Orange County
- Newport Beach
- 92661
- 615 E Balboa Blvd Apartment A
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