1622 Pegasus St, Newport Beach, CA 92660
Situated on a prominent corner lot in one of Orange County’s most connected locations, this thoughtfully designed three-story residence offers exceptional flexibility, privacy, and income potential in the heart of Newport Beach. Spanning approximately 3,904 square feet, the home features 5 bedrooms and 5.5 bathrooms, carefully designed to accommodate multigenerational living, guest privacy, work-from-home lifestyles, or potential rental opportunities. At the top of the home, a third-story penthouse retreat captures sweeping views and offers the perfect private suite. Throughout the home, thoughtful details elevate everyday living, including five jetted bathtubs for a true spa-like experience and abundant storage space rarely found in today’s homes. Car enthusiasts, hobbyists, and adventurers alike will appreciate the two separate 2-car garages, including a detached garage structure with an oversized driveway suitable for RV parking, additional vehicles, or flexible use potential. Ideally located in the heart of Orange County, the property places Newport Beach, Irvine, Costa Mesa, and Tustin just moments away. Enjoy close proximity to world-class shopping and dining at Fashion Island and South Coast Plaza, cultural attractions including South Coast Repertory, recreation at Newport Beach Golf Course and Santa Ana Country Club, nearby beaches, the Orange County Fairgrounds, John Wayne Airport, and convenient access to the 405, 5, 55, and 73 freeways. A rare opportunity combining size, versatility, location, and long-term potential in a highly sought-after coastal-adjacent setting. A home designed not only for how life looks today — but for all the ways it may evolve tomorrow.
Bedrooms
5
Bathrooms
6
Square Feet
3,905
Lot Size
7,300 sqft
Year Built
1963
Property Type
Single Family Residence
Days on Market
7
HOA Fee
N/A
Garage Total
2
MLS #
41135880
Interior Features
Breakfast Bar
Flooring
Carpet, Tile
Fireplace
Living Room
Appliances
Electric Water Heater, Dryer, Washer
Cooling
Central Air
Total Parking Spaces
8
Garage Spaces
2
Attached Garage
Yes
Parking Features
Garage, Rv Access Parking
Patio & Porch
Deck
Construction
Stucco
Roof
Shingle
Lot Features
Corner Lot, Front Yard, Sprinklers In Front
$0
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Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
Based on price, location, and features
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