1416 E Balboa Boulevard, Newport Beach
Peninsula Point Homes for Sale Near The Wedge | Newport Beach
Peninsula Point sits at the very tip of the Balboa Peninsula in Newport Beach, steps from The Wedge. It is one of the most distinctive residential addresses in all of Orange County: a small, tight-knit neighborhood of oceanfront and near-oceanfront homes where the Pacific is not a view from a distance but something that defines daily life. Homes here are rare on the market and go quickly when they do appear.
Interested in a home near The Wedge? Call or text: 949-430-7500
The Wedge, Newport Beach
The Wedge generates some of the most powerful shore break waves in the world. Peninsula Point homes sit steps from where this footage was filmed.
About Peninsula Point
Peninsula Point occupies the final blocks of East Balboa Boulevard at the southern end of the Balboa Peninsula (zip code 92661). The neighborhood is defined by the jetty to the west, the open Pacific to the south, and the quiet residential streets that run through the tip of the Peninsula. It is one of the smallest and most exclusive pockets of real estate in Newport Beach.
The Wedge itself forms where south swells strike the Newport Harbor entrance jetty and reflect back, stacking on top of incoming waves to produce an extremely powerful, steep shore break. On the right swell, waves at The Wedge can exceed 20 feet. The break draws elite bodysurfers and photographers from around the world, and it is a defining part of the neighborhood's character.
Homes on the oceanfront side of Peninsula Point have direct beach access and unobstructed views of the Pacific. Properties one or two rows back from the beach still deliver the Peninsula lifestyle at a lower price point, with easy walking access to The Wedge, the Balboa Pier, the Balboa Fun Zone, and the Balboa Island ferry. Schools are served by Newport-Mesa Unified School District.
What to Know Before Buying Near The Wedge
Inventory is extremely thin. Peninsula Point is a small neighborhood and homes change hands infrequently. Many properties here have been in the same family for years or decades. Off-market opportunities exist, and being connected to an agent with relationships in the area is the most reliable path to finding a home here.
Oceanfront vs. walk-to-beach. Oceanfront properties on the south-facing rows carry the highest prices and the most dramatic exposure to the Pacific. Homes set back one or more rows from the beach still provide easy beach access and the Peninsula Point lifestyle, often at a meaningfully lower price point. Both have strong long-term demand.
Coastal Commission considerations. Any renovation, expansion, or new construction on oceanfront parcels in Peninsula Point requires coordination with the California Coastal Commission, which governs development within the coastal zone. Understanding these constraints before purchasing is important for buyers who plan to remodel or rebuild.
Vacation rental eligibility. The Balboa Peninsula is one of the most active short-term rental zones in Newport Beach. Buyers purchasing with rental intent must confirm city permit eligibility and any HOA or condo association restrictions that apply to the specific property.
Jumbo financing. Virtually all homes in Peninsula Point require jumbo or high-balance financing. Confirming your loan structure with a lender who handles Newport Beach oceanfront transactions before making an offer is essential.
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Peninsula Point and The Wedge FAQ
What is Peninsula Point in Newport Beach?
Peninsula Point is the exclusive neighborhood at the very southern tip of the Balboa Peninsula, where East Balboa Boulevard ends at the Newport Harbor entrance jetty. Homes here are among the most desirable on the entire Peninsula, with direct ocean frontage, Pacific views, and immediate proximity to The Wedge.
What is The Wedge and why does it matter for real estate?
The Wedge is a world-famous bodysurfing break formed where south swells reflect off the Newport Harbor entrance jetty. Waves can exceed 20 feet during major south swells. For real estate, proximity to The Wedge means direct beach access, unobstructed ocean views, and a lifestyle unlike any other neighborhood in Newport Beach.
How often do homes come up for sale near The Wedge?
Rarely. Peninsula Point has low turnover and many homes have been held by families for decades. Off-market sales are common. Working with an agent who has relationships in the neighborhood is the most reliable way to access the full scope of available inventory.
What are homes near The Wedge priced at?
Oceanfront properties in Peninsula Point range from roughly $3 million to well above $10 million depending on lot size, structure, and view quality. Homes set back from the beach offer more accessible pricing while still delivering the Peninsula Point lifestyle. Call or text 949-430-7500 for current availability.
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.