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305 Grand Canal, 8, Newport Beach, CA 92662

$925K4bd · 3ba · 2,157 sqft
Lot 2,614 sqft•Residential•
Active
•133d on market•MLS# 00-26850773

Property Description

New Co-Ownership Opportunity: Own one-eighth of this turnkey home, professionally managed by Pacaso. Balboa Promenade sits along Grand Canal on Balboa Island's main walking route, a two-story stone and stucco home with a French-inspired character that stands apart on this stretch of Newport Harbor. The cobblestone courtyard, terracotta tile roof, black lanterns and mature olive tree give the exterior a distinctly European quality that carries through to the interior.The great room has dark rustic wood beamed ceilings, light hardwood floors and a fireplace, with multiple glass doors opening to the canal-side deck. The kitchen has gray cabinetry, marble countertops, stainless steel appliances and distinctive black pendant lighting, separating the main living space from a relaxed family room with doors to a sun-dappled side courtyard with an outdoor fireplace. The primary suite has a fireplace, vaulted wood ceiling, French doors to a private deck with canal views and an en suite bath with a freestanding soaking tub, double vanity and tiled shower.The canal-side deck and cobblestone courtyard give Balboa Promenade two distinct outdoor settings, with the private dock offering direct water access to Newport Harbor. The 1.5-mile loop around the island is walkable from the front door, and a Duffy boat ride to The Wedge surf break and Newport Beach's coastline, boutiques and restaurants are all within easy reach.Balboa Promenade is professionally designed, appointed and managed by Pacaso. Owners arrive to find everything ready, with nothing left to arrange before the stay begins.

Features & Amenities

FeeBuilt 1945

Property Details

Land Type
Fee
Year Built
1945
Property Type
Residential
Heating
Central, Forced Air
Cooling
Central Air
View
Canal, Marina
Flooring
Laminate
City
Newport Beach
Zip Code
92662
County
Orange
Listed byPacaso Inc., Maxx Rifkin

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,677.30
Principal & Interest
Loan Amount
$740,000
Total Interest
$943,829
Total Payment Over 30 Years
$1,683,829
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

305 Grand Canal, 8, Newport Beach, CA 92662

Newport Beach ·

$925K
Residential Tier
Beds
4
Baths
3
Sqft
2,157
Lot
2,614 sqft
Year
1945
$/Sqft
$429
Pool: No✓
Spa: No✓
View: Canal, Marina✓

Listed 5.2% above the median closed sale of $879,000. Price per sqft ($429) is a 43% discount to closed comps ($757). Expect a longer timeline — comps averaged 138 days on market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $925K· $429/sqft
Total list price
Closed comps
vs closed median $879K
+$46K (+5.2%)
Active comps
vs active median $899K
+$26K (+2.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $839
−$410 (−48.8%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1703 Plaza Del SurNewport Beach1940453,1172,522$288$899,00077464
55 Sea IslandNewport Beach1977221,2640$790$998,0007351
358 Villa Point DriveNewport Beach199011774379,508$1,161$899,0001251
14 Villa PointNewport Beach199211774390,415$1,163$900,0004050
1184 Rutland Rd Unit 3Newport Beach1963221,06853,426$791$845,000148
Total: 5 · Average2.02.21,399.4206,467.75$838.6$908,200180
Median1,068$899,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1703 Plaza Del SurNewport Beach194007/29/2026453,1172,522$909,000$879,000$2820.9725175
2415 SierraUpland191609/14/2026421,48639,000$795,000$793,000$5341.003956
232 Villa Point DriveNewport Beach199005/20/2026118510$1.09M$1.04M$1,2280.9516055
13132 La JaraCerritos197108/19/2026421,4625,525$1.08M$1.06M$7250.988455
358 Villa PointNewport Beach199009/21/202611792379,508$810,000$805,000$1,0160.9915850
Total: 5 · Average2.82.21,541.6106,638.75$916,400$916,400$757—138.4
Median1,462$879,000$879,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.