Balboa Peninsula (NP) Homes with Multi Level Stories

Welcome to Balboa Peninsula, a picturesque gem nestled within the vibrant city of Newport Beach, California. Known for its stunning ocean views, sandy beaches, and a lively atmosphere, Balboa Peninsula offers an idyllic coastal lifestyle that attracts residents and visitors alike. This charming neighborhood is bordered by the Pacific Ocean on one side and the serene Newport Bay on the other, making it a perfect retreat for water enthusiasts and beach lovers.

One of the standout features of Balboa Peninsula is its diverse array of homes, particularly those with multi-level stories. These beautifully designed residences not only provide ample living space but also offer breathtaking panoramic views of the ocean and the surrounding landscape. Imagine waking up to the sound of waves crashing and enjoying your morning coffee on a sun-drenched balcony, or hosting friends and family for sunset barbecues on a spacious rooftop deck. The multi-level homes in this area are perfect for families seeking both comfort and style, with open-concept layouts that seamlessly blend indoor and outdoor living.

In addition to its stunning properties, Balboa Peninsula is a hub of activity, with charming boutiques, delightful restaurants, and a vibrant nightlife scene just a stone's throw away. The nearby Balboa Fun Zone offers a nostalgic experience with its classic amusement rides and arcade games, making it a favorite spot for families and visitors of all ages.

Whether you’re looking for a permanent residence or a vacation home, Balboa Peninsula promises a unique coastal lifestyle that is hard to resist. Explore the possibilities of multi-level living in this enchanting community, where every day feels like a vacation!

Newest Balboa Peninsula (NP) Homes with Multi Level Stories

$10,895,000

5 Beds ⋅ 5 Baths ⋅ OC26073538 MLS ⋅ Active Status

Set directly on the sand along one of Newport Beach’s most sought-after stretches of coastline, this exceptional oceanfront residence sits on a rare oversized corner lot with 45 feet of beach frontage, capturing sweeping, unobstructed views of the Pacific, bay, and coastline beyond. The home is defined by its seamless indoor-outdoor flow, opening to an expansive beachfront patio where the sand and sea feel like a natural extension of the living space. Light-filled interiors showcase an open-concept design with walls of glass, a statement fireplace, and a versatile layout featuring a main-level primary suite with ocean views, two additional guest bedrooms, separate staff quarters, and a private upper-level retreat, all connected by an elevator servicing three interior levels. A rooftop deck offers panoramic views in every direction, ideal for entertaining or relaxing above it all, while a lower-level wine cellar adds a refined touch. With garage and carport parking for up to 7 vehicles, this property delivers a rare blend of scale, architectural pedigree, and effortless beachfront living in an irreplaceable location.

1201 E Balboa, Newport Beach

$27,950,000

6 Beds ⋅ 6 Baths ⋅ NP26015959 MLS ⋅ Active Status

Experience luxury beach front living and investment potential with 1504 W Oceanfront, a one-of-a-kind mixed-use property in Newport Beach on the Balboa Peninsula. This premier property spans approximately 7,609 square feet on a 5,000-square-foot corner lot with 100 feet of ocean frontage and breathtaking panoramic views from Newport Pier to Balboa Pier and beyond. Three residential units with three short-term lodging permits and two commercial spaces, this exceptional five-unit offering blends coastal charm with modern luxury. The commercial spaces include the iconic “15th Street Surf Shop” retail store and an oceanfront restaurant currently under renovation, formerly known as “The Stuft Surfer”. The three separate residential units consist of a three bedroom residence, a newly built two bedroom residence with an office/bonus room, in addition to a newly constructed one bedroom unit. All three units hold short-term rental permits (SLPs), a rare and valuable asset in Newport Beach. This property is primed for exceptional income generation, with pro forma projections estimating $920,608 in annual gross revenue combined from short-term rentals and commercial leasing. A standout feature of this estate is its expansive 50x50-foot rooftop deck, one of the largest oceanfront decks on the Balboa Peninsula, offering unparalleled ocean and bay views with endless opportunities for entertainment and relaxation. 1504 W Oceanfront is not just a five-in-one compound; it’s a legacy property that delivers both immediate value and long-term returns in the highly coveted Newport Beach market.

1504 W Oceanfront Unit 5, Newport Beach

$3,448,000

IV25238475 MLS ⋅ Active Status

Exceptional Balboa Peninsula Triplex – Steps from the Ocean and Bay! A rare opportunity to own an income-producing triplex on one of Newport Beach’s most desirable streets, just 250 feet from the sandy beach and 500 feet from the Newport pier and 700 feet from the Newport Pavilion. Perfect for owner users / investors seeking strong returns, flexible rental options, and long-term appreciation. This fully upgraded property includes three beautifully maintained units, each with its own mini-split A/C system, modern finishes, and private laundry. All three units are currently occupied on month-to-month leases, providing immediate rental income with the flexibility to adjust rents or transition to short-term or seasonal rentals as desired. Front House (126 E Balboa Blvd) – 2 Bedrooms | 1 Bathroom | Fireplace. A bright and inviting front home featuring an open living area with fireplace, upgraded kitchen, detached indoor laundry room, and storage area. The property also boasts an **expansive raised front patio—the largest on the block—**perfect for entertaining or maximizing tenant appeal. Upper Unit (126 ½ E Balboa Blvd) – 1 Bedroom + Loft/Office | 1 Bathroom. This upper-level unit features a light-filled living area, modern kitchen, in-unit laundry, and a private balcony with peek-a-boo ocean view—ideal for professionals, couples, or as a premium vacation rental. Lower Unit (126 ¼ E Balboa Blvd) – 1 Bedroom | 1 Bathroom. Compact, efficient, and beautifully updated, the lower unit offers a cozy living space and kitchen, with laundry conveniently located in the attached garage. All units have been upgraded and are well maintained, making this property truly turnkey and ready for immediate cash flow. With its unbeatable location—close to Balboa Pier, Balboa Village, the Fun Zone, and the iconic Balboa Ferry—this triplex enjoys consistent tenant demand and strong year-round occupancy. Immediate income – all units occupied on month-to-month leases. Prime location – short walk to sand, surf, and bay. High rental potential – flexible use for long-term, short-term, or owner-occupied investment. Rare Peninsula find – upgraded, air-conditioned, and well maintained Whether you’re an investor expanding your portfolio or a buyer seeking a beachside income property with exceptional upside, 126 E Balboa Blvd is the one to see. Invest where everyone wants to stay—and earn while you plan your next move.

126 E Balboa, Newport Beach

$3,850,000

7 Beds ⋅ 5 Baths ⋅ NP25108122 MLS ⋅ Active Status

Investor opportunity in one of Newport Beach’s most desirable coastal neighborhoods. Located just across the street from the beach and Newport Elementary, 1320 W Balboa offers a rare chance to own a remodeled, income-producing duplex in the heart of the Balboa Peninsula. With close proximity to the bay, the boardwalk, and countless local attractions, this property blends flexible use with exceptional walkability. Each of the two spacious units includes three bedrooms and two bathrooms, upgraded kitchens, recessed lighting, and individual HVAC systems. A separate one-bedroom, one-bath bonus suite in the rear unit adds further flexibility for guest use, owner stays, or additional rental income. Both buildings are equipped with their own dedicated laundry, and the property offers generous parking with a two-car attached garage plus a two-car tandem carport—an invaluable asset on the Peninsula. Multiple outdoor areas, including three open patios and a rooftop deck, create inviting spaces for relaxing or entertaining. With two active short-term lodging permits and a solid history of rental income, 1320 W Balboa presents a unique opportunity for investors or owner-users seeking a high-performing asset in a premier beachside location.

1320 W Balboa Boulevard, Newport Beach

$899,000

5 Beds ⋅ 3 Baths ⋅ 24445141 MLS ⋅ Active Status

New Co-Ownership Opportunity: New co-ownership opportunity: Own one-eighth of this professionally managed, turnkey home. Balboa Sands sits directly on West Oceanfront, where the Balboa Peninsula boardwalk runs along the front of the property and the Pacific stretches out beyond. The three-story white exterior with glass-railed balconies at every level is immediately recognizable on this stretch of coast.The main floor opens through a white Dutch door to the boardwalk and beach beyond, with an open plan living area centered on a stone fireplace and floor-to-ceiling windows framing the ocean. The kitchen has white cabinetry, tan granite countertops, stainless appliances and a breakfast bar with woven seating. Glass doors lead directly to the oceanfront patio, where the sand is just steps away. The primary bedroom has sliding doors to a private balcony with unobstructed Pacific and Catalina views, and an en suite bath with dual sinks and a tiled shower.The rooftop sun deck is Balboa Sands' highest point, with panoramic views of the Pacific, Catalina Island and the Newport Harbor coastline stretching in every direction. A bonus room just below gives the top floor a flexible, unhurried quality suited to longer stays. The Balboa Peninsula's bike path, the Balboa Pier and the shops and restaurants along Balboa Boulevard are all within easy reach.Balboa Sands is professionally designed, appointed and managed by Pacaso. Owners arrive to find everything ready, with nothing left to arrange before the stay begins.

506 W Oceanfront Unit 2, Newport Beach

Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.