308 Grand Canal, Newport Beach, CA, 92662
About This Home
An exquisite Balboa Island residence poised to deliver the very best of Newport Beach living. Set within the coveted "Little Island," this pristine waterfront oasis offers 30’ of frontage and a private dock accommodating a vessel up to 18’. Swoon-worthy interiors by renowned designer Michael Smith span approximately 2,181 square feet over three levels and incorporate stylish touches such as hand-carved fireplace mantels, bespoke draperies, custom window treatments, wall coverings, and designer faucets/fixtures throughout. Anchored by a custom fireplace, the open-plan living area is accoutered with beamed ceilings, accordion glass doors, stone flooring, built-in shelving, and electric Lutron shades that open to reveal a soothing backdrop of the bay. Outside, entertain and dine al fresco in the heated covered patio made for year-round enjoyment. Tailored to modern tastes, the chef’s kitchen is dressed in stone countertops, subway tile backsplash, white shaker cabinetry, heated floors, and built-in Wolf and Sub-Zero appliances. Rounding out the main level is a breakfast nook, half bath, and 84-bottle wine room with storage racks. A curved wooden staircase rises to the second level where all three generously proportioned en suite bedrooms reside including the opulent fireplace-warmed primary suite equipped with two large walk-in California Closets, spa-like bath outfitted in marble, heated floors, discrete built-in refrigerator, and accordion glass doors that lead to a private wrap-around balcony with heated flooring. Crowning the home on the third floor is an exercise room with an en suite bath and an executive office featuring wood flooring and lighted, built-in display cases and cabinets. Beyond, the view roof deck is the idyllic entertainment venue with covered and uncovered spaces serviced by a kitchenette for easy hosting. Additional highlights include an ELEVATOR servicing all three levels, Control4 AV and lighting system, Hikvision security camera system, Electrolux washer/dryer, TOTO toilet/bidet, electric-powered blinds in living room and primary bedroom, and two-car garage with built-in cabinets/storage. Set near picturesque beaches, shopping, dining, Lido House Hotel, and championship golf courses, in an exclusive waterfront community, the dream comes alive at 308 Grand Canal.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Turnkey
- Year built: 2017
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: 6 Burner Stove,Built-In Range,Double Oven,Freezer,Refrigerator,Warming Drawer
- Laundry features: Inside,Laundry Room,Upper Level
Bathroom
- Features: Dual Sinks,Enclosed Toilet,Heated Floor,Multiple Shower Heads,Separate Shower,Walk-In Shower
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Features
- Beamed Ceilings,Built-in Features,Balcony,Breakfast Area,Eat-in Kitchen,Elevator,Pantry,Recessed Lighting,Walk-In Pantry,Wine Cellar,Walk-In Closet(s)
- Window features: Blinds,Custom Covering(s)
- Flooring: Stone,Wood
- Fireplace features: Living Room,Primary Bedroom
- Fireplace: Yes
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Central,Fireplace(s)
- Cooling features: Central Air
Interior Area
- Total interior livable area: 2,181 sqft
Kitchen
- Features: Kitchen Island,Kitchen/Family Room Combo,Stone Counters,Walk-In Pantry
Other
- Features: Walk-In Closet(s)
Pantry
- Features: Walk-In Pantry
Property
Details
- Parcel number: 05020209
- Special condition: Standard
Features
- Levels: Three Or More
- Stories: 3
- Entry location: 1
- Pool features: None
- Patio & porch: Deck,Patio
- Spa features: None
- Has view: Yes
- View description: Bay
- Has water view: Yes
- Water view: Bay
- On waterfront: Yes
- Waterfront features: Bayfront,Ocean Side Of Freeway,Ocean Side Of Highway
Lot
- Lot size: 2,175 sqft
- Features: 0-1 Unit/Acre
Parking
- Total spaces: 2
- Parking features: Door-Single,Garage,Garage Faces Rear
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Earthquake
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Orange County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $42,955 | $515,460 |
| Home Insurance * | $550 | $6,600 |
| Property Taxes | $7,305 | $87,660 |
| Electricity | $467 | $5,612 |
| Total | $51,277 | $615,324 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-23 | Price change | $8,495,000 |
| 2026-02-13 | Listed for sale | $8,995,000 |
| 2022-04-18 | Sold | $7,650,000 |
| 2022-03-18 | Price change | $7,995,000 |
| 2022-02-20 | Listed for sale | $8,495,000 |
| 2017-08-18 | Sold | $4,625,000 |
| 2015-05-12 | Sold | $1,100,000 |
| 2013-12-31 | Sold | $2,100,000 |
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