806 W Balboa, Newport Beach, California 92661, Newport Beach, - bed, bath

home-pic
ACTIVE$3,549,000
806 W Balboa, Newport Beach, California 92661
0Bed
0Bath
1,525Sqft
3,071Lot
Year Built
1925
Close
-
List price
$3.55M
Original List price
$3.55M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25222376
Home ConditionExcellent
Features
Excellent View: Bay, City Lights, Neighborhood, Ocean, Water
Deck
Patio
ViewBay,City Lights,Neighborhood,Ocean,Water

About this home

Exceptional Coastal Duplex with Prime R2 Corner Lot – Development Opportunity in Newport Beach! Welcome to 806 W Balboa Blvd, a fully remodeled duplex located just steps from the sand and bay in one of Newport Beach’s most desirable coastal neighborhoods. This rare corner lot property, zoned R2, offers outstanding potential for future development—whether you're looking to build a brand-new luxury residence, expand the existing structure, or create a high-yield investment property. The front unit was completely remodeled in 2025 and features three bedrooms, two bathrooms, a private two-car garage with alley access, and its own laundry area. Inside, you'll find a open concept modern kitchen with quartz countertops, white cabinetry, premium fixtures, brand-new appliances, and a sleek fireplace. The home also includes a new HVAC system, central air conditioning, and new windows throughout. A spacious private front yard provides an ideal space for outdoor entertaining or relaxing in the ocean breeze. The rear unit, also completely remodeled in 2025, located above the garage, is a stylish one-bedroom, one-bath retreat with a beach shower, private laundry and storage area, and a large side patio. It features an all-electric kitchen with contemporary finishes and offers stunning views of Balboa Bay, Fashion Island, and the Back Bay. This unit also includes a new HVAC system and central AC for year-round comfort. With wide alley access on both the side and rear, this corner lot offers enhanced privacy and flexibility for future development. Whether you're seeking a full-time residence, a vacation getaway, or a strategic investment, this property combines luxury, location, and long-term value in the heart of Newport Beach.

Nearby schools

9/10
Newport Elementary School
Public,PK-60.5mi
7/10
Horace Ensign Intermediate School
Public,7-81.0mi
7/10
Newport Harbor High School
Public,9-121.3mi

Price History

Date
Event
Price
09/23/25
Listing
$3,549,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (3 Listings)
Beds00
Baths00
Square foot1,5250
0%
Lot Size3,0713,049
75%
Price$3.55M$2.7M
75%
Price per square foot$2,327$746.5
75%
Built year19259760976
25%
HOA
Days on market43166
25%
Condition Rating
Excellent

Despite being built in 1925, this duplex has undergone a complete and extensive renovation in 2025 (assumed to be recently completed, not a future date). Both units feature modern, open-concept kitchens with quartz countertops, white cabinetry, brand-new stainless steel appliances, and premium fixtures. Bathrooms are also fully updated with contemporary finishes. The property boasts new HVAC systems, central air conditioning, new windows, and consistent modern wood-look flooring throughout. All components appear new or virtually new, reflecting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Prime Coastal Location: Situated just steps from the sand and bay in a highly desirable Newport Beach neighborhood, offering exceptional lifestyle appeal and strong rental demand.
Significant Development Potential: The R2 zoning on a rare corner lot with wide alley access provides outstanding flexibility for future development, including building a luxury residence or expanding the existing structure.
Fully Remodeled Units: Both the front and rear units have been completely remodeled with modern finishes, new HVAC systems, central AC, and new windows, ensuring turn-key condition and contemporary appeal.
Strong Income-Generating Duplex: As a fully updated duplex, the property offers immediate potential for high-yield rental income or a flexible owner-occupy and rent scenario in a premium market.
Desirable Views & Amenities: The rear unit boasts stunning views of Balboa Bay, Fashion Island, and the Back Bay, complemented by private outdoor spaces (front yard, side patio) and a private 2-car garage for the front unit.

Cons

Original Construction Age: Built in 1925, the property's foundational age, despite recent extensive remodels, may imply potential for unforeseen maintenance challenges or limitations for future major structural changes.
Limited Lot Size for Development: At 3071 sqft, the lot size, while a corner R2, could be considered modest for maximizing the scale of a brand-new luxury residence or significant expansion in a high-value coastal market.
Limited Parking for Rear Unit: The description specifies a private two-car garage for the front unit, but does not explicitly mention dedicated parking for the rear unit, which can be a significant drawback in a high-density beach community.

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