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Short Term Rental Permit Now Approved! Striking, newer construction, ocean view contemporary home perfectly positioned on a sunny corner mid-peninsula lot just steps from the shore break. With a sophisticated coastal color palette and a thoughtful floorpan this chic ocean-close residence with R2 zoning spans three floors, and features four bedrooms, four-and-a-half baths, a large third floor media room, and an elevator servicing all levels. With luxurious interior appointments throughout, the spacious living and dining areas are accented by wide plank hardwood floors, a fireplace, and a large front patio perfect for entertaining groups of all sizes. The adjacent amenity-rich chef's kitchen has abundant storage, a walk-in pantry, 48' Thermador professional range and an impressive marble waterfall center island. Four generous bedrooms can be found on the home's second level. The exceptional master suite revels in direct ocean views and features high ceilings, a fireplace, dual vanity master bath with steeping tub and separate oversize shower, and a large walk-in closet. The third floor media room has its own full bath and easily functions as a fifth bedroom option. The adjacent rooftop deck benefits from a built-in BBQ, fireplace and stunning whitewater views. The perfect al fresco dining venue! Additional appointments of the home include Sonos whole-house sound system, a two car direct access garage, and an outdoor beach shower with hot and cold running water. A coastal gem, this home functions perfectly as either a full-time residence, vacation getaway, or income generating short-term rental property. Ideally situated between the Balboa and Newport piers, and close to the Balboa Island ferry this turn-key opportunity is just a short walk or bike ride from all that Balboa has to offer.
Listing agent: Tara Foster Shapiro DRE #01892201 tshapiro@homgroup.com, Listing office: Pacific Sotheby's Int'l Realty
MLS data updated 10/19/2026, 8:09:17 AM PT
Source: CRMLS, MLS #: NP21189193
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Compare recorded home prices, same-type ZIP sales and mortgage rates.
Dec 27, 2021
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This home · nearest recorded event
$3,825,000Closed sale · Dec 27, 2021ZIP 92661 · Dec 2021
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.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.