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This redevelopment opportunity is located at 502 West Balboa (apn# 048-071-18) & 504 West Balboa (apn# 048-071-17). Two separate legal parcels in the heart of Newport Beach on the Peninsula. This is the ideal opportunity to build two homes with potential for views from a rooftop deck. Zoning MU-V Mixed Use Vertical. Extremely motivated seller!
Listing agent: Kimberly Bibb DRE #01210754 kbibb10@gmail.com, Listing office: Villa Real Estate
MLS data updated 11/2/2026, 4:15:02 PM PT
Source: CRMLS, MLS #: NP17250183
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
May 17, 2018
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.