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This beautiful bayfront is set on a premier stretch of the coveted Balboa Peninsula Point. Steps from the iconic Wedge Beach on a quiet and broad tree lined street, this waterfront property is the epitome of luxury living. Timeless curb appeal makes a stunning first impression and sets the tone of coastal grandeur that continues as you enter the chic foyer with sweeping staircase. Prepare to be mesmerized by the magnificent kitchen and great room with sparkling bay views, HIGH COFFERED CEILINGS and precision millwork. Enjoy watching colorful sailboats and stunning yachts cruising by from a chef’s dream kitchen, perfect for preparing gourmet meals and hosting catered affairs. Coastal white cabinetry, sand-hued countertops, top-of-the-line appliances and walk-in pantry all surround a striking sea-green island. Opposite the kitchen, a gorgeous fireplace sits center in the expansive living area with a beverage bar and below ground wine cellar. The living area continues outdoors on a sprawling covered deck with built-in BBQ, fire-pit and private dock that can accommodate a Duffy boat or other vessel up to approx 35 ft, and boundless bay views that are the best Newport Beach has to offer. Completing the first floor is a spacious bedroom that can also serve as a den or office with an ensuite bathroom and an opulent half-bath. Retreat upstairs via the stairs or elevator, where you will find a second living room with balcony, two additional bedrooms and bathrooms and separate laundry room. The magnificent primary suite includes a large walk-in closet and bayfront balcony that runs the length of the room’s grand seating area with a fireplace and massive sleeping area. The stately primary bathroom features separate double vanities, makeup area, oversized shower and two private water closets. Family room or den could be 5th bedroom option. The bayfront splendor continues upwards to the rooftop deck with jaw-dropping 360 panoramic views of the bay, CDM and shimmering Pacific Ocean, along with a SPA and lounge seating. A two-car garage offers ample built-in storage and space to park a golf-cart. Enjoy bike riding to coffee and restaurants, access to the private bay beach, and one of the most coveted (and beachfront) schools in the country for your kids. Fall in love with all the wonderful memories this home has to offer.
Listing agent: Giovanne Helou DRE #02068352 gio@ogroup.com, Listing office: The Oppenheim Group
MLS data updated 11/2/2026, 7:50:43 PM PT
Source: CRMLS, MLS #: OC24061428
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Sep 17, 2024
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
$12,500,000Closed sale · Sep 17, 2024ZIP 92661 · Sep 2024
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.