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Closed
- Listed price
- $1,350,000
- Listed Jan 29, 2019
- Sold price
- $1,025,000
- Sold May 14, 2019
2,565 sqft lot|1919 Built|41 MLS days on market
503 E Balboa Blvd, Newport Beach, CA 92661
Property Description
Location! Location! Great Investment Opportunity priced to sell on the Balboa Peninsula in Newport Beach, CA. TEAR DOWN priced at Lot Value (LAND PRICE: approx. $500 per/sqft.) Value is in the land not the existing buildings!! 503 E Balboa is 1 of 2 contiguous parcels (TO BE SOLD IN CONJUNCTION WITH 505 E Balboa, zoned for mixed use with great potential upside in the Balboa Village. Each parcel individually can accommodate live/work lofts of approx. 3000sft. Contingent upon coastal commission approval, 503 can be combined with 505 E Balboa into one parcel to accommodate 3 residential condos (approx. 5130 sqft combined) and 1 commercial condo (approx. 1800 sqft.) for maximum return on investment. (Call Listing Agent for details). Across the street at 500 E Balboa is a very comparable development that is going through its final approvals at the city. Once built, the condos will have tremendous unobstructed views of the bay, ocean, city, and mountains. At the present, 503 E Balboa has a small single family home with a monthly rent of $1975 plus utilities that will help cover any expenses incurred while the potential buyer pushes the project through the City. Located just steps to the beach, the Balboa Pier, the Balboa Ferry, shops, restaurants, and the bay, 503 E Balboa to be sold in conjunction with 505 E Balboa. DO NOT DISTURB Tenants! Buyer to cooperate with seller’s 1031 Exchange. Buyers to confirm square footage & lot potential with the City of NB.
Listing agent: Alex BatleyDRE #01365952alex@gobalboa.com, Listing office: Balboa Realty
MLS data updated 10/25/2026, 8:07:39 PM PT
Source: CRMLSMLS #: NP19016729
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,025,000
May 14, 2019
Available records22019
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92661 · Oct 2026
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ZIP 92661 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
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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.
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Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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