4
Bedrooms
Sold for $10,900,000 · Oct 2026
SOLDListed at $10,995,000
Newport Beach, CA
MLS# OC26083583
Tara McNabb
Listing Agent
Compass
DRE #: 01871729
Brokerage: Compass
4
Bedrooms
6
Bathrooms
2,851 sqft
Square Feet
2026
Year Built
2,614 sqft
Lot Size
$3,823
Price/Sq Ft
2
Garage Spaces
N/A
HOA
Single Family Home
Property Type
Introducing a rare opportunity to own a brand-new oceanfront residence with a SHORT TERM RENTAL PERMIT on the highly coveted Balboa Peninsula. Thoughtfully designed and expertly curated, this 4-bedroom, 5.5-bathroom home spans approximately 2,851 square feet and blends timeless coastal architecture with refined, modern finishes. From the moment you enter, the home showcases an elevated yet relaxed aesthetic, featuring custom white oak cabinetry, soft plaster finishes, and a sophisticated mix of natural stone, handcrafted tile, and warm textural elements. The chef’s kitchen is both functional and striking, complete with premium appliances, custom millwork, and a seamless connection to the main living spaces—perfectly positioned to capture sweeping ocean views. Each bedroom is ensuite, offering privacy and comfort, while the primary suite is a true retreat with a spa-inspired bath, layered textures, and serene coastal tones. Throughout the home, curated lighting, designer fixtures, and bespoke details create a cohesive and luxurious living experience. One of the home’s most exceptional features is the expansive rooftop deck, offering panoramic ocean and bay views—an ideal setting for entertaining, relaxing, and enjoying Newport’s iconic sunsets. Located directly on the sand, 1123 E. Balboa delivers the ultimate coastal lifestyle with immediate access to the beach, boardwalk, and all that Newport Beach has to offer.
Listing description from the October 2026 sale, as reported to CRMLS.
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1 recorded sale
1123 E Balboa sold for $10,900,000 in October 2026, 0.9% under its $10,995,000 list price, after 36 days on the market. That works out to $3,823 per square foot on 2,851 square feet. Across 39 closed sales in 92661 over the last 12 months, the median sold price is $4,921,000 and the median is $2,343 per square foot, 39% below this sale's $3,823. 4-bedroom rentals in 92661 currently list at a median of $20,000 a month (21 listings).
| Quarter | Closed sales in 92661 | Median sold price |
|---|---|---|
| Q1 2026 | 4 | $5,350,000 |
| Q2 2026 | 15 | $6,700,000 |
| Q3 2026 | 16 | $4,400,000 |
| Q4 2026 | 4 | $4,885,500 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Newport Beach · Homes for sale in 92661
Closed sales reported in 92661, nearest first, last 12 months. All recent sales in Newport Beach →
1123 E Balboa
Contact Tara McNabb
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Contact Listing Agent
Compass
DRE #01871729
Contact information is not available for this listing.