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BUYER COULD NOT PERFORM-NEED RAPID SALE! BUILD YOUR DREAM HOME ON BEAUTIFUL BALBOA PENINSULA! The plans of the rendering pictured above have been fully approved by the City of Newport Beach and the Coastal Commission and the home is ready to be built. This is a rendering of the proposed 2912 square feet, 3 story home with gorgeous views from the roof top decks of the Pacific Ocean and the coastline of Newport Beach and the harbor. The location of the property is exceptional--an opportunity that is rarely found on the Peninsula or on Balboa Island. The existing structure on the property is a total tear down and is priced for land value only, plus the approved plans for the new building. The details listed below do not reflect the existing house. They are specifications of the approved home to be built to the buyer's taste. Approved plans, drawings, reports, building cost estimates, etc., are ready to see upon request. See Media Supplements for appraisal of the property once completed. It is estimated that the finished home will have a value, based on existing comparable homes in the area, of 2.75M+ at current prices. Additional information provided to sincere buyers.
Listing agent: Elizabeth Jones DRE #01377023 elizabethjones@firstteam.com, Listing office: First Team Real Estate
MLS data updated 11/3/2026, 12:00:28 AM PT
Source: CRMLS, MLS #: PW14040578
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jul 2, 2014
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 · Nov 2026
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.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.