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This magnificent, 1928 Spanish Colonial Revival bayfront Villa was designed by Wallace Neff, the renowned “Architect of California’s Golden Age,” and is a prime example of his mastery for scale and proportion and the romance and theatrical flair that his homes typically embody. Believed to be one of only two homes built by Neff in Orange County, and retaining the best of its finest old world materials including genuine Malibu Pottery tile, thick masonry walls, and heavy hand-hewn beams, the original Villa was completely restored in 2003, adding modern safety, conveniences and luxury; yet, retaining all of its unique charm and historic landmark status. Set on a prime bayfront lot in Balboa’s Peninsula Point neighborhood, with spectacular views of Newport Harbor, the night lights of Fashion Island and all of the activity of the harbor, the home is larger than current code allows and the tallest residential structure on the Peninsula, soaring to four stories, and features an intimate courtyard entry, a lower level game room, a huge outdoor tiled patio with tiled water features, a second floor living area with a fireplace emblazoned with a whimsical crest, an outdoor dining area, an abundant sized period kitchen, a family room with a fireplace, five bedroom suites, a waterfront master suite, a fanciful “crow’s nest” room, a roof top deck and a private pier & slips for two boats, one to 60’. This historic architectural masterpiece is a once in a lifetime opportunity of ownership.
Listing agent: Steve High DRE #00936421 shigh@villarealestate.com, Listing office: Villa Real Estate
MLS data updated 10/27/2026, 11:02:12 AM PT
Source: CRMLS, MLS #: LG19188205
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Aug 28, 2020
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92661 · Oct 2026
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No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.