Homes for Sale in Balboa Peninsula, Newport Beach, CA
The Balboa Peninsula is a neighborhood encompassing the land barrier to the south of the city of Newport Beach, California. The community features a long stretch of sand that faces the Pacific Ocean and encloses the Newport Bay. The Peninsula ends to the east, where you’ll find the Entrance Channel, which serves as the primary way for boats to get in and out of the bay.
This beautiful land feature is home to countless landmark buildings and notable tourist attractions that are frequented by locals and visitors alike. Balboa also features a couple of piers that serve as excellent fishing spots, beautiful ocean viewpoints, and unique dining areas right in the middle of the ocean. Although primarily residential, there are a good number of commercial establishments along Balboa Boulevard that offer ample conveniences for residents in the community.
The central and eastern portion of the island is split between an open sandy beach space to the south facing the ocean and various commercial and residential developments to the north.
There’s a fantastic selection of bayfront properties lining the north of Balboa that are lined with small ports that dock various boats and yachts. Homes on this part of the neighborhood typically vary on its build and location. Waterfront residences usually have more spacious lots and a higher price tag and can go between five to seven million dollars. Other properties in the area tend to have a price that’s closer to the median price point of homes in Newport Beach. Further west, you’ll find more affordable single-family homes as you get closer to the city center. These residences come with a unique ocean-type design that helps protect it from the weather.
Market Overview
Newport Beach Real Estate Statistics
Median Home Value
$2,337,108
Average Days on Market
92
Average Price Per Sqft
$997
Median Sale Price of Homes
$2,595,000
Cost of Living Index Score
277
Home Ownership Percentage
63.9%
What's To Love
The Balboa Peninsula has the longest stretch of beach in Newport Beach and offers a panoramic view of the Pacific Ocean. The oceanfront community provides a wealth of attractions, dining, and recreation that residents can enjoy at their leisure.
What's Not To Love
Land space is quite limited in the Balboa Peninsula as buildable areas are relatively small on an island. You can expect smaller lot sizes in this neighborhood, with some suburbs featuring homes that are built right next to each other.
Is it for me?
Who is this neighborhood for
Homes are a short drive away from the city center and provide a detached living space separated from the busier streets of the downtown district. If you’re looking for a bayfront home with a private dock for your yacht and easy access to the waterway, then Balboa Peninsula has a fantastic selection of properties for you to purchase. There’s also a great list of affordable single-family homes in the community perfect for buyers looking to purchase a starter home in the city.
Find Your Home
Latest homes for sale in Balboa Peninsula
$32,000,000
2112 Balboa Boulevard E
$24,500,000
1504 Oceanfront W
$15,995,000
25 Bay Island
$13,795,000
2148 Oceanfront E
$10,595,000
1710 Bay Avenue E
$9,200,000
500 Balboa Boulevard E
Take the next step
Ready to take the next step?
Jacqueline Thompson is the founder and leader of the Jacqueline Thompson Group at Surterre Properties known in the industry for her consistent success in the luxury residential real estate market in the Coastal Orange County region. Our team is determined to ensure we provide a responsive and highly personalized experience when buying real estate in the communities we serve. We value each and every one of the relationships we build with our clients and would be glad to represent you in your search for a new home.
Meet the locals
Who Lives in Newport Beach
Population
85,326
Median Age
47.3
Median Household Income
$119,379
Households
37,870
Bachelor's Degree or Higher
68.3%
Seniors
27.46%
Entertainment
Things to do in Balboa Peninsula
Balboa Pier
Long-standing fishing pier built back in 1906 known today for its retro-themed diner and romantic sunsets.
Newport Beach Pier
Famous pier known for its romantic views, stores, restaurants, and fishing spots.
Newport Beach
Beautiful sandy beach extending along the entire Balboa Peninsula.
Balboa Fun Zone
Mini amusement center in a bayfront location with lovely views and fun-filled games and rides.
Education
Schools in Balboa Peninsula
| School Name | Grades | Admission |
|---|---|---|
| Newport Elementary School | K - 5 | Public |
| Ensign Intermediate School | 6 - 8 | Public |
| Newport Harbor High School | 9 - 12 | Public |
