Balboa Peninsula (NP) Homes with Two Levels Stories

Welcome to Balboa Peninsula, a captivating jewel nestled in the heart of Newport Beach, California. This vibrant community is renowned for its stunning coastal views, picturesque beaches, and a lively atmosphere that perfectly encapsulates the Southern California lifestyle. With its iconic boardwalk, charming shops, and delightful eateries, Balboa Peninsula offers residents and visitors alike a unique blend of relaxation and excitement.

One of the standout features of this enchanting region is its diverse array of homes, particularly those with two-level stories. These beautifully designed residences provide not only ample living space but also breathtaking views of the Pacific Ocean and the vibrant community below. Imagine waking up to the gentle sound of waves lapping at the shore, with sunlight streaming through large windows that frame the picturesque landscape. Homes here often boast spacious balconies, perfect for enjoying your morning coffee or hosting sunset gatherings with friends and family.

Living in Balboa Peninsula means embracing a lifestyle where outdoor adventures are just a stone's throw away. Spend your days basking in the sun on pristine beaches, exploring the scenic coastline, or indulging in water sports. The area is also home to a variety of parks and recreational facilities, making it ideal for families and outdoor enthusiasts.

Whether you are looking for a charming beach cottage or a modern two-story home, Balboa Peninsula offers a unique opportunity to experience the best of coastal living. Come and discover the magic of this extraordinary community, where every day feels like a vacation!

Newest Balboa Peninsula (NP) Homes with Two Levels Stories

$4,050,000

LG26212290 MLS ⋅ Active Status

**Investment Property Opportunity with Value-Added Potential** This property is currently appraised at $4,050,000 (MAI Appraisal). As a short-term rental, the estimated value increases to $4,555,000. Additionally, the large lot has the potential for constructing an Accessory Dwelling Unit (ADU) in the back, which could push the total value of the property to well over $6,000,000. You won’t find other properties on the Peninsula that offer this type of opportunity. This rare investment is just steps from the beach, located in one of Newport Beach’s most desirable coastal communities. It features a two-car garage and offers peak ocean views from the balcony. The property is conveniently situated just a quick drive from all that Orange County has to offer, including: - Pelican Hill Golf and Resort (10 minutes) - John Wayne Airport (10 minutes) - Angel Stadium & Honda Center (15 minutes) - Disneyland (20 minutes) - Knotts Berry Farm (20 minutes) - Laguna Beach (15 minutes) - Huntington Beach Pier (5 minutes) - Newport Harbor Fun Zone (3 minutes) - Fashion Island (5 minutes) - Segerstrom Hall & South Coast Plaza (15 minutes) Furthermore, this property presents an excellent opportunity for use as a primary residence. The upstairs can serve as a living space while the lower unit can be rented out as an income-producing property. Both units are currently rented on a month-to-month basis. Please contact the agent for showings.

4802 Neptune Ave, Newport Beach

$3,395,000

4 Beds ⋅ 2 Baths ⋅ 26991455 MLS ⋅ Active Status

RARE BALBOA PENINSULA OPPORTUNITY - Discover the quintessential Newport Beach lifestyle at 211 Cypress, a beautifully updated coastal duplex ideally positioned in the heart of the Balboa Peninsula. Just moments from the beach, bay, Balboa Fun Zone, dining, entertainment, and waterfront recreation, this versatile property offers an exceptional blend of lifestyle, income, and future potential. The property features two thoughtfully updated 2-bedroom, 1-bath residences totaling approximately 1,896 square feet on an approximately 3,049 square foot lot. The lower residence is currently leased month-to-month at $4,200 per month and upper residence is currently on a 12 month lease at $4,695 per month, providing immediate rental income. Great for an owner-user, second-home retreat, or investor seeking additional rental income. Both residences have been tastefully upgraded with remodeled kitchens and bathrooms, central air fan, new appliances, wine refrigerators, and modern finishes throughout. Outdoor spaces are equally inviting, featuring upgraded paver hardscape, privacy fencing, a fire pit lounge, and areas designed for relaxed coastal entertaining. Beyond its immediate appeal, 211 Cypress offers exciting future value-add possibilities. Whether you're looking for a primary residence, beach getaway, owner-user investment, or a property with long-term upside, 211 Cypress offers a rare opportunity to own in one of Newport Beach's most sought-after coastal communities. From here, enjoy easy access to the Newport Harbor Yacht Club, Balboa Fun Zone, Balboa Pier, Pavilion, Davy's Locker sport fishing, waterfront dining, boating, shopping, and endless beach days all just moments from your doorstep. Buyer to independently verify square footage, zoning, development potential, short-term rental regulations, and all future use possibilities with the City of Newport Beach and appropriate professionals.

211 Cypress Street, Newport Beach

$5,695,000

4 Beds ⋅ 4 Baths ⋅ OC26207974 MLS ⋅ Active Status

**Maximize your portfolio with this rare turnkey four-unit offering in coveted Peninsula Point, just moments from both the beach and bay.** 1609 E Balboa Blvd presents a meticulously maintained and extensively upgraded property in one of Newport Beach’s most desirable coastal enclaves, generating $186,120 in annual gross scheduled income. The property features four one-bedroom, one-bathroom residences, offering an exceptional combination of investment potential, quality, and quintessential Newport Beach lifestyle. Three units were fully remodeled in 2021, while the lower unit underwent a complete renovation in 2025 with the level of quality and finish found in a newly built luxury Newport Beach home. Designed with the owner in mind, Unit D features high-end finishes throughout, a split-system AC, and a floor plan that can easily be converted to a two-bedroom configuration—an especially appealing option for an owner-user seeking a refined coastal residence. The building is exceptionally turnkey and thoughtfully maintained, with substantial upgrades throughout. Two sets of stackable washers and dryers serve the property, and upgraded tankless water heaters were installed in 2022. Each unit has separate electricity and gas, while the owner pays for water and trash, as well as common-area laundry expenses. Three units each include an attached one-car garage, providing highly coveted off-street parking and additional storage. A charming shared front patio with seating and BBQ creates an inviting outdoor gathering space and extends the living experience beyond the individual residences. The location is truly exceptional—within easy walking distance of the beach, bay, restaurants, boutiques, schools, and the world-famous Wedge Beach. Enjoy morning walks along the sand, afternoons on the bay, or the vibrant dining and coastal lifestyle that makes the Balboa Peninsula so sought-after. Peninsula Point is celebrated for its iconic community traditions, including the Christmas Boat Parade and Fourth of July festivities, as well as its proximity to the private Bay Beach and tennis club. Rarely does a property offer this combination of four turnkey residences, owner-quality renovation, parking, outdoor space, and an irreplaceable coastal location. 1609 E Balboa Blvd is a distinctive Newport Beach offering with the flexibility to enjoy as an investment, personal retreat, or both—a truly special opportunity in one of the coast’s most prized neighborhoods.

1609 E Balboa Boulevard, Newport Beach

$5,695,000

OC26199394 MLS ⋅ Active Status

**Maximize your portfolio with this rare turnkey four-unit offering in coveted Peninsula Point, just moments from both the beach and bay.** 1609 E Balboa Blvd presents a meticulously maintained and extensively upgraded property in one of Newport Beach’s most desirable coastal enclaves. The property features four one-bedroom, one-bathroom residences, offering an exceptional combination of investment potential, quality, and quintessential Newport Beach lifestyle. Three units were fully remodeled in 2021, while the lower unit underwent a complete renovation in 2025 with the level of quality and finish found in a newly built luxury Newport Beach home. Designed with the owner in mind, Unit D features high-end finishes throughout, a split-system AC, and a floor plan that can easily be converted to a two-bedroom configuration—an especially appealing option for an owner-user seeking a refined coastal residence. The building is exceptionally turnkey and thoughtfully maintained, with substantial upgrades throughout. Two sets of stackable washers and dryers serve the property, and upgraded tankless water heaters were installed in 2022. Each unit has separate electricity and gas, while the owner pays for water and trash, as well as common-area laundry expenses. Three units each include an attached one-car garage, providing highly coveted off-street parking and additional storage. A charming shared front patio with seating and BBQ creates an inviting outdoor gathering space and extends the living experience beyond the individual residences. The location is truly exceptional—within easy walking distance of the beach, bay, restaurants, boutiques, schools and the world-famous Wedge Beach. Enjoy morning walks along the sand, afternoons on the bay, or the vibrant dining and coastal lifestyle that makes the Balboa Peninsula so sought-after. Peninsula Point is celebrated for its iconic community traditions, including the Christmas Boat Parade and Fourth of July festivities, as well as its proximity to the private Bay Beach and tennis club. Rarely does a property offer this combination of four turnkey residences, owner-quality renovation, parking, outdoor space, and an irreplaceable coastal location. 1609 E Balboa Blvd is a distinctive Newport Beach offering with the flexibility to enjoy as an investment, personal retreat, or both—a truly special opportunity in one of the coast’s most prized neighborhoods.

1609 E Balboa Boulevard, Newport Beach

$4,599,000

NP26196683 MLS ⋅ Active Status

Rare opportunity to own a four-unit investment property on an oversized corner lot on the ocean side of Balboa Blvd, directly across from Marina Park and just steps from the beach and surfing at The Point. Ideally positioned near Newport Pier, this exceptional Peninsula location puts the ocean, bay, boardwalk, dining, and entertainment all within easy reach. The property features a spacious 4-bedroom, 2-bathroom unit with an active Short-Term Rental (STR) permit, offering valuable vacation rental income potential in one of Newport Beach’s most desirable coastal destinations. The remaining three units are each 2 bedrooms and 1 bathroom and are operated as long-term rentals, providing an attractive combination of short-term and stable long-term rental income. Adding to the property’s appeal, each of the four units has its own private garage—a rare and highly desirable amenity on the Balboa Peninsula. The oversized corner lot further distinguishes the property, providing excellent presence and a setting that is increasingly difficult to find in this coveted beach community. With Marina Park directly across the street, surfing at The Point just steps away, Newport Pier nearby, and both the ocean and bay at your doorstep, 1733 W Balboa Blvd presents a unique opportunity to acquire a four-unit Newport Beach investment combining location, income versatility, parking, and the quintessential Peninsula lifestyle.

1733 W Balboa Boulevard, Newport Beach

$4,150,000

3 Beds ⋅ 2 Baths ⋅ NP26195233 MLS ⋅ Active Status

Rarely does a home combine such an exceptional coastal location with this much architectural character. Ideally positioned on the sunny side of Ocean Boulevard near the coveted tip of the Balboa Peninsula, 1706 E. Ocean Blvd offers effortless access to the sand, The Wedge, harbor, and Balboa Pier. This distinctive 3-bedroom, 2-bath A-frame residence features soaring wood-beamed ceilings, expansive windows, lush landscaping, and beautifully maintained interiors filled with natural light. A private garden entry welcomes you into an inviting living space with vaulted wood-paneled ceilings, exposed beams, warm wood accents, and seamless indoor-outdoor appeal. The versatile two-story floor plan includes a main-level bedroom, bath, and den, plus an expansive upstairs primary retreat, third bedroom, and generous media/flex room opening to a private balcony with retractable patio cover. Thoughtful upgrades include the kitchen, baths, windows, doors, and closets, along with cedar-lined closets throughout. Distinctive details include stained-glass windows, two impressive fish tanks, a finished two-car garage, and a private yard ideal for entertaining. A truly special Newport Beach property offering architectural charm, thoughtful upgrades, and the quintessential Balboa Peninsula lifestyle.

1706 E Ocean Boulevard, Newport Beach

$10,995,000

5 Beds ⋅ 4 Baths ⋅ OC26192516 MLS ⋅ Active Status

Set directly on the bay in Newport Beach, 1444 W Bay Avenue offers a rare combination of waterfront living, premium 55’ and 42’+ dockage, generous interior space, and a coveted corner-lot setting on the Balboa Peninsula. The two-story residence spans approximately 3,742 square feet with five bedrooms, four bathrooms, providing an exceptional canvas for creating a custom bayfront home. Expansive windows and outdoor spaces take advantage of panoramic views across Newport Harbor, with the bay serving as the backdrop throughout the property. The main level features a formal entry, spacious living areas, dining room, kitchen, and direct access to the waterfront patio and dockage. Three separate entrances provide convenient access throughout the property. Upstairs, all five bedrooms are joined by additional living space, including a loft and wet bar that open to a patio overlooking Balboa Boulevard with a glimpse of the ocean, along with balconies overlooking the harbor. High ceilings, a living room fireplace, elevator, interior laundry, and abundant storage add to the home’s substantial footprint. A three-car attached garage and seven total parking spaces on the property provide a level of convenience rarely found along the bay.

1444 W Bay, Newport Beach

$25,950,000

5 Beds ⋅ 6 Baths ⋅ NP26190102 MLS ⋅ Active Status

A rare Newport Harbor bayfront estate, 1114 E. Balboa Boulevard pairs 60 feet of waterfront frontage with exceptional dockage, panoramic views, and a beautifully designed residence set on a coveted double lot. Thoughtfully remodeled with interiors by Barclay Butera, the home is designed around its extraordinary setting, with generous living spaces opening to expansive waterfront patios ideal for entertaining and taking in the harbor views. Four bedrooms upstairs include a spectacular primary retreat with separate his-and-her baths, while a fifth bedroom or office on the main level offers added flexibility, with an elevator connecting both levels. Along the waterfront, a substantial U-shaped private dock offers exceptional capacity for multiple large vessels, placing the best of Newport Harbor just beyond your door. With the bay on one side and the beach just across the street, this exceptional Peninsula location offers the opportunity to enjoy both harbor and beach living. An extraordinary combination of waterfront presence, significant dockage, timeless design, and an irreplaceable setting.

1114 E Balboa Boulevard, Newport Beach

$7,495,000

3 Beds ⋅ 3 Baths ⋅ NP26175284 MLS ⋅ Active Status

This ultimate beach house is located on the highly coveted Newport Beach peninsula, with charming interior architecture set against a stunning backdrop of fabulous panoramic ocean, Catalina and sunset views. This front row property is an ideal primary residence or vacation home with an extra large patio on the boardwalk. Ready to enjoy and recently updated throughout, the main level features a spacious living room with high ceilings, beautiful brick gas fireplace, elevated dining room, newly remodeled kitchen and full bath. Extra-large primary bedroom with cozy gas fireplace, window seat and corner balcony offer spectacular ocean views at every turn. The ensuite primary bath has dual sinks, freestanding soaking tub and walk-in shower. Two bright guest bedrooms, central guest bath and two additional bonus rooms - ideal for office, exercise room and/or guest spaces, complete the second level. An attached two car garage offers a large mezzanine storage space. Current short-term rental permit for the home is transferable to the new owner. Close to shops, local dining, the Balboa Ferry, great local schools and recreational opportunities make this the perfect home throughout the year. The adjacent buildable lot located directly behind the home and is available for purchase separately.

920 E Oceanfront, Newport Beach

$4,700,000

219151871DA MLS ⋅ Active Under Contract Status

Short -Term Rental Asset in Lido Marina Village with two existing Short-Term Lodging (STR) permits Active STR permits in this neighborhood are exceptionally scarce . Transferability and continued eligibility are subject to verification with the City of Newport Beach and applicable City requirements This fully permitted turn-key setup offers immediate , high -yield revenue potential through Airbnb, VRBO or luxury vacation leasing , making it a premier asset for buyers seeking strong cash flow or a personal coastal retreat with built in income There are independent entries for each living space and high-end upgrades throughout upper Residence :3 bedrooms /2 Baths with vaulted ceilings and private balcony Main Level Residence : 2 bedrooms / 2 Baths with a cozy fireplace Penthouse Studio : private entry and full bath -ideal for extended stays or maximizing overall rental yield Key Highlights and Amenities : Chef's Kitchen :Designed with custom cabinets , quartz counters and stainless steel appliances and wide -plank hardwood floors 3 separate utility meters to maximize rental efficiency and minimize landlord overhead Parking & Views : Includes 4 total parking spaces (2 -car garage +2-car carport) along with peek-a -boo-ocean views Prime Location: Situated steps from Lido Marina Village , nearby beaches , and exclusive hotspots like Nobu, mayor's Table , and Lido House

410 Clubhouse Avenue, Newport Beach

$8,495,000

4 Beds ⋅ 6 Baths ⋅ NP26175847 MLS ⋅ Active Status

In one of Peninsula Point’s discreet and quiet pockets, this residence reflects an architectural vision shaped by natural materials, balanced proportions, and a coastal modern design. The interiors unfold with a calm, intentional rhythm with limewashed walls, wide plank hardwood flooring, custom walnut millwork, and curated stone selections creating a warm, tactile foundation throughout. In the main living room, a backlit Crystallo stone fireplace becomes a sculptural highlight, softened by walnut paneling and glass elements. The dining room extends this material language with a large, elegant setting defined by a built in buffet and illuminated display cabinetry – a seamless transition to the kitchen. The kitchen features walnut cabinetry, honed Arabescato Gold marble, and a suite of premium appliances from Gaggenau, Sub Zero, Miele, and Wolf. An adjoining pantry provides generous storage and prep space while preserving the kitchen’s clean, uninterrupted aesthetic. Upstairs, a secondary living and bar lounge offers an intimate setting for gatherings, complete with custom walnut cabinetry and Sub Zero wine and beverage refrigeration. Four bedroom suites each feature thoughtfully appointed baths with natural stone, custom vanities, and premium fixtures. The primary suite is a refined retreat featuring a Crystallo stone fireplace, white oak detailing, private viewing balcony, custom walk-in closet, and a spa-inspired bath finished in White Rhino and Thassos marble. The rooftop deck is designed for year-round enjoyment, equipped with a full Thor outdoor kitchen supplying a pizza oven, grill, sink, and refrigeration, alongside a gas firepit, integrated JBL speakers, and irrigated planters. A fully integrated smart-home system with Lutron RA3 keypads and a two-car garage further support an effortless coastal lifestyle. Just one block from the water, the residence offers effortless access to the beach, bay, and the understated coastal energy of Balboa Peninsula Point.

503 J, Newport Beach

$3,995,000

5 Beds ⋅ 3 Baths ⋅ LG26177551 MLS ⋅ Active Status

Listen to the waves crash from your bedroom in this rare to the market beach-close duplex located just one home from the sand, offering an exceptional opportunity for owner occupants, investors, those looking for a vacation house, or those seeking a coastal retreat with income potential. This fully upgraded property features two separate well maintained residences. First a charming front cottage with 2 bedrooms and 1 bathroom. The second unit is an fully upgraded owners home containing 3 bedrooms and 2 bathrooms, complete with New LVP luxury flooring downstairs, new white oak flooring upstairs, the upstairs bathroom is brand new, and the entire property is newly painted. A one-car garage provides convenient parking and storage and a second uncovered parking spot is available in the rear of the property. Both units will rent for top dollar, or keep one for your own use and rent the other for some extra income. These features make 1527 W. Balboa truly one to see! The home is in one of the most desirable locations on the Peninsula, walk west and you are on the beach, walk east and you will find Newport Bay. Also directly across the street you’ll find the marina and Marina Park (perfect for young families), complete with the lighthouse restaurant and its iconic lighthouse, creating picturesque bay views from the property. Enjoy an unbeatable location where both the beach and bay are just steps away, with endless opportunities for boating, paddle boarding, dining, and the quintessential Newport Beach lifestyle.

1527 W Balboa, Newport Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.