$9,995,000
NEW CONSTRUCTION $1M PRICE DROP

Estimated payment $61,055/month

Total Views 59,595
4 Beds
3.5 Baths
2,650 Sq Ft
$3,772 Price per Sq Ft

Highlights

  • Beach Front
  • Ocean View
  • New Construction
  • Newport Elementary School Rated A
  • Property has ocean access
  • Primary Bedroom Suite

About This Home

As seen in "Architectural Digest", this newly rebuilt oceanfront residence is located on a rare corner lot directly on the sand on Newport Beach’s Balboa Peninsula. Completed in 2024 by Burkhart Brothers Construction, the approximately 2,650 square foot home was designed to capture ocean views from both the main and upper levels. The exterior features a contemporary blend of wood, stone, glass, and standing-seam metal roofing, complemented by professionally designed landscaping and exterior lighting. The interior offers four bedrooms and three and one-half baths with an open and functional layout. The first level opens via a wall of motorized auto-open Awake glass doors to a beachfront patio with built-in BBQ, creating seamless indoor-outdoor living. The main living area includes a great room with fireplace and dining area that flows directly to a kitchen designed for culinary use and gatherings. The kitchen’s large two-tier island is designed for food preparation and serving guests, while polished Calacatta quartzite countertops feature pop-up outlets and waterfall edges. Custom cabinetry provides specialized storage for spices and utensils, with Rev-A-Shelf systems and a roll-out pantry enhancing convenience. Together with its butler’s pantry, the kitchen hosts a full suite of Wolf, Cove, and Sub-Zero appliances. The second level is accessed via a floating three-tier staircase and includes a loft, secondary bedrooms, and a primary suite with vaulted ceilings, fireplace, private ocean-view deck, walk-in closet, and bath with oversized shower and freestanding tub. Richard Marshall hardwood flooring extends throughout the upper level. Additional features include a garage with vehicle lift for a third car, Savant smart-home automation, and designer lighting, plumbing fixtures, and hardware throughout. Conveniently located near the Balboa Pier, Newport Harbor, dining, shopping, and coastal amenities.

Listing Agent

Brad Bankenbush

Douglas Elliman of California - Corona Del Mar Brokerage Phone: 949-335-8616 License #02006270 Listed on: 02/01/2026

Douglas Elliman of California - Corona Del Mar

Co-Listing Agent

Joshua Altman

Douglas Elliman of California Brokerage Phone: 949-335-8616 License #01764587

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 2,400 Sq Ft Lot
  • Beach Front
  • Southwest Facing Home
  • Fenced
  • New Fence
  • Corner Lot
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Attached Garage
  • Parking Available
  • Rear-Facing Garage

Property Views

  • Ocean
  • Coastline
  • Harbor
  • Catalina
  • Panoramic
  • City Lights
  • Mountain

Home Design

  • Custom Home
  • Contemporary Architecture
  • Modern Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 2,650 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Furnished
  • Wired For Sound
  • Wired For Data
  • Built-In Features
  • Bar
  • Dry Bar
  • Vaulted Ceiling
  • Recessed Lighting
  • ENERGY STAR Qualified Windows
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Attached Deck
  • Dining Room
  • Home Office
  • Library
  • Loft
  • Bonus Room
  • Storage
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Walk-In Pantry
  • Butlers Pantry
  • Six Burner Stove
  • Built-In Range
  • Dishwasher
  • Wolf Appliances
  • ENERGY STAR Qualified Appliances
  • Kitchen Island
  • Quartz Countertops
  • Self-Closing Drawers and Cabinet Doors

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Heated Floor in Bathroom
  • Quartz Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Freestanding Bathtub
  • Multiple Shower Heads
  • Linen Closet In Bathroom

Home Security

  • Alarm System
  • Security Lights
  • Fire and Smoke Detector

Outdoor Features

  • Property has ocean access
  • Balcony
  • Patio
  • Outdoor Fireplace
  • Exterior Lighting
  • Outdoor Grill

Schools

  • Newport Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Natural Gas Connected
  • ENERGY STAR Qualified Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • ENERGY STAR Qualified Equipment for Heating
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 10 / 1
  • Tax Tract Number 510
  • Assessor Parcel Number 04808107
  • $393 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • Built by Burkhart Brothers Construction
  • Balboa Peninsula Subdivision

Recreation

  • Park
  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 2024 | New Construction

Lot Details

2,400 Sq Ft Lot

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Wired for Alarm System, Security Lights, Security System, Smoke Detector(s)
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Modern, Contemporary, Custom Built
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04808107
  • Year Built: 2024
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 2650.00 Square Feet
  • Interior Amenities: Wet Bar, Living Room Deck Attached, High Ceilings, Wired for Sound, Furnished, Pantry, Dry Bar, Recessed Lighting, Quartz Counters, Open Floorplan, Bar, Wired for Data, Balcony, Built-in Features, Storage
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Dining Room, Breakfast Nook
  • Entry Level: 1
  • Fireplace Features: Primary Bedroom, Outside, Family Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 3771.70
  • Room Type: Walk-In Closet, Primary Bedroom, Entry, Walk-In Pantry, Laundry, Bonus Room, All Bedrooms Up, Office, Library, Foyer, Kitchen, Great Room, Family Room, Loft, Primary Suite, Den, Primary Bathroom
  • Window Features: Drapes, ENERGY STAR Qualified Windows, Blinds
  • Bathroom Features: Upgraded, Heated Floor, Quartz Counters, Linen Closet/Storage, Double Sinks In Bath(s), Dual Shower Heads (or Multiple), Double Sinks In Primary Bath, Remodeled
  • Room Kitchen Features: Kitchen Open To Family Room, Quartz Counters, Self-Closing Cabinet Doors, Kitchen Island, Butler's Pantry, Self-Closing Drawers, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Direction Faces: Southwest
  • Foundation: Slab
  • Exterior Features: Lighting
  • View: Coastline, Ocean, Mountain(s), Catalina, City Lights, Harbor, Water, Panoramic
  • Fence: Yes
  • Fencing: New Condition
  • Builder Name: Burkhart Brothers Construction
  • Patio And Porch Features: Patio, Deck
  • Pool Private: No
  • Roof: Metal
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Natural Gas Connected, Phone Available, Sewer Connected, Cable Available, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, ENERGY STAR Qualified Appliances, Built-In Range, Refrigerator, Barbecue, ENERGY STAR Qualified Water Heater, High Efficiency Water Heater, Dishwasher
  • Electric: 220 Volts
  • Heating Type: Central, ENERGY STAR Qualified Equipment
  • Laundry Features: Inside, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Energy Star Qualified Equipment
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Watersports, Biking, Street Lights, Storm Drains, Sidewalks, Suburban, Park

Schools

  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, 0-1 Unit/Acre
  • Lot Size Sq Ft: 2400.00
  • Lot Size Acres: 0.0551

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2400.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Access, Beach Access, Beach Front, Ocean Front

Tax Info

  • Tax Block: 1
  • Tax Lot: 10
  • Tax Tract Number: 510
  • TaxOtherAnnualAssessmentAmount: 393.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $86,084 $8,177,418 $7,365,103 $812,315
2024 $81,961 $7,752,000 $7,220,690 $531,310
2023 $74,159 $7,038,000 $6,541,112 $496,888
2022 $27,016 $2,533,575 $2,083,007 $450,568
2021 $26,498 $2,483,898 $2,042,164 $441,734
2020 $26,244 $2,458,429 $2,021,224 $437,205
2019 $25,699 $2,410,225 $1,981,592 $428,633
2018 $25,187 $2,362,966 $1,942,737 $420,229
2017 $24,741 $2,316,634 $1,904,644 $411,990
2016 $24,185 $2,271,210 $1,867,298 $403,912
2015 $23,958 $2,237,095 $1,839,250 $397,845
2014 -- $2,193,274 $1,803,222 $390,052
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/18/2026 05/18/26 Price Changed $9,995,000 -4.8% $3,772 / Sq Ft
04/08/2026 04/08/26 Price Changed $10,495,000 -4.5% $3,960 / Sq Ft
02/01/2026 02/01/26 For Sale $10,995,000 0.0% $4,149 / Sq Ft
01/10/2023 01/10/23 Rented $15,000 0.0% --
01/09/2023 01/09/23 Sold $7,600,000 +50566.7% $3,025 / Sq Ft View Prior Sale
12/21/2022 12/21/22 Pending -- -- --
12/14/2022 12/14/22 Price Changed $15,000 -25.0% $6 / Sq Ft
12/03/2022 12/03/22 Price Changed $20,000 0.0% $8 / Sq Ft
11/24/2022 11/24/22 For Sale $7,999,000 0.0% $3,184 / Sq Ft
09/21/2022 09/21/22 Price Changed $23,000 -23.3% $9 / Sq Ft
04/29/2022 04/29/22 Price Changed $30,000 -25.0% $12 / Sq Ft
04/27/2022 04/27/22 For Rent $40,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $7,600,000 Chicago Title
Grant Deed $5,250,000 First American Title
Grant Deed -- Commonwealth Land Title
Grant Deed $789,000 Commonwealth Land Title
Quit Claim Deed -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $3,675,000 Construction
Previous Owner $1,000,000 No Value Available
Closed $100,001 No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG26021224

California Regional Multiple Listing Service (CRMLS)

APN: 048-081-07

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