306 Alvarado PL Newport Beach, CA 92661 Price Dropped by $50K

UPDATED: 04/21/2026 11:40 PM ON MARKET: 50 days on market

$2,845,000

3 Beds2 Baths1,033 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,033 sqft

Price per Sqft $2,754

Subdivision Balboa Island - Main Island (Balm)

MLS Listing ID PW26049798

Bedrooms 3

Three Quarter Bath 2

Construction Status Turnkey

HOA Y/N No

Year Built 1912

Lot Size 1,742 Sqft

Property Sub-Type Single Family Residence

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Main Level Bedrooms 3

Interior

Interior Features Beamed Ceilings,Breakfast Bar,Furnished,Living Room Deck Attached,Open Floorplan,Stone Counters,Recessed Lighting,All Bedrooms Down,Main Level Primary,Primary Suite,Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type Living Room

Fireplace Yes

Appliance Dishwasher,Free-Standing Range,Disposal,Gas Range,Refrigerator

Laundry Laundry Room,Stacked

Exterior

Exterior Feature Awning(s),Barbecue

Parking Features On Street

Pool None

Community Features Biking,Curbs,Fishing,Sidewalks

Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected

Waterfront Description Across the Road from Lake/Ocean,Ocean Access

View Y/N Yes

View Bay

Roof Type Composition

Accessibility None

Porch Concrete,Covered,Deck,Front Porch,Patio

Private Pool No

Building

Lot Description Street Level

Dwelling Type House

Faces North

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories One

New Construction No

Construction Status Turnkey

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 04810226

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash,Cash to New Loan

Listing Terms Cash,Cash to New Loan

Special Listing Condition Standard

Property Description

Located in a prime setting on the prestigious Balboa Peninsula, this beautifully custom beach home was completely remodeled in 2019 with new plumbing, electrical, windows, and HVAC. Light, bright, and full of charm, the home offers an inviting coastal aesthetic with a relaxed beachside vibe.
Just down the street from the bay and only a few blocks from the sand, surf, the Balboa Fun Zone, and the iconic Balboa Pier, the location provides the ultimate coastal lifestyle—perfect as a weekend retreat or full-time residence.

The extended front porch captures views of the bay and refreshing ocean breezes, creating the perfect setting to relax or entertain. Glass front doors open to a welcoming living room with vaulted ceilings, a cozy fireplace, and beautiful whitewashed flooring throughout. The chef's kitchen features polished limestone waterfall-edge countertops, generous storage, and high-end appliances including a Wolf range and Sub-Zero refrigerator. Just off the kitchen is a convenient laundry and butler's pantry area.

The primary suite offers a walk-in closet and a beautifully designed bathroom, while the secondary bedrooms are generously sized. The main bath is thoughtfully finished with stylish tile and quality fixtures. A well-designed floor plan maximizes space while maintaining an airy, open feel throughout.
The private backyard is ideal for entertaining, featuring a newer spa, built-in barbecue, outdoor refrigerator, and a fully enclosed outdoor shower. Additional highlights include a remote-controlled awning and retractable gate.

Don't miss this exceptional opportunity to own a piece of the California coastal dream in one of the most sought-after communities in Newport Beach.

Based on information from California Regional Multiple Listing Service, Inc. as of 2026 and/or other resource. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.