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225 Diamond Ave1 / 44 · Click to zoom

About this home

Brand new construction on Balboa Island crowned by a stunning rooftop entertaining level that spans the full length of the home. Offering over 1,200 square feet of additional outdoor living, the covered rooftop lounge showcases vaulted beamed ceilings, a wet bar with sink and beverage refrigeration, a built in TV, and a full bath, all opening to expansive view decks at both ends with panoramic views of the bay and Fashion Island. On the main level, the great room with fireplace opens through pocket doors to the front patio and fire pit, blending indoor and outdoor living the way island life is meant to be enjoyed. The beautifully appointed kitchen features custom sage green cabinetry, a Wolf range, Sub-Zero refrigeration, and a large center island, complemented by a stylish built in wine bar with a Sub-Zero wine refrigerator and display rack. This four bedroom home offers a serene primary suite with a fireplace, a covered front balcony, and a spa style bath with heated floors, a freestanding soaking tub, dual vanity, and a walk in closet with custom built ins. Wide plank oak flooring, Waterworks fixtures, Restoration Hardware lighting, Lutron lighting control, surround sound, an outdoor shower, golf cart parking, a two car garage, and so much more. Perfectly located in the heart of the island, this is a rare opportunity to own new construction in one of Newport Harbor's most beloved communities.

🏠 HomeFax

Public-record history for this property.

🌊 Flood zoneAO / No Flood Zone
🏷 Last sold$2,670,000 · Mar 2022
📋 Assessed value$2,804,363
💵 Annual tax$32,439
🏫 School districtNewport-Mesa Unified School District

MLS #NP26146085MR

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone
🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

Estimate your monthly payment. Adjust the numbers to fit your budget.

Down payment %
Interest rate %
Loan term (yrs)
Property tax %/yr
Home insurance %/yr
Estimated total monthly payment
$51,685
Principal & interest$41,716
Property tax$7,563
Home insurance$2,406
Down payment: $1,650,000Loan: $6,600,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.