$3,195,000
4Beds4Baths3,293SqFt
16 LucerneNewport Beach, CA 92660Harbor Ridge Crest
1622 Pegasus St, Newport Beach, CA 92660
$3,195,000
121 Days On Site
Est. $20,727/mo with 20% down, 30-year fixed
- Beds
- 5
- Baths
- 6
- Sq Ft
- 3,905
- Per Sq Ft
- $818
- Sq Ft Lot
- 7,301
- Built
- 1963
- Garage
- 2-car
Call Clark Smith (949) 494-8830
About 1622 Pegasus St
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 3,905 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.
Property details for 1622 Pegasus St
This 5-bedroom, 6-bath single-family home sits in Newport Beach in Orange County. It offers 3,905 square feet of living space and is listed at $3,195,000, about $818 per square foot. The home was built in 1963. The MLS record lists the assessor parcel number as 119-363-03. Highlights include a fireplace, an attached two-car garage, a 7,301-square-foot lot, central air, and contemporary architecture. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.
Home Details
- Price
- $3,195,000
- Days On Site
- 121 Days
- Bedrooms
- 5
- Inside Area (SqFt)
- 3,905 sqft
- Total Baths
- 6
- Full Baths
- 5
- Partial Baths
- 1
- Lot Size
- 7,301 SqFt
- Year Built
- 1963
- MLS® Number
- 41135880
- Status
- Active
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- N/A
General Features
- Property Type
- Single Family Residence
- MLS Number
- 41135880
- Year Built
- 1963
- Living Area (sq ft)
- 3,905
- Lot Size (sq ft)
- 7,300
- Lot Size (acres)
- 0.1676
- Levels
- Three Or More
- Bedrooms
- 5
- Full Baths
- 5
- Half Baths
- 1
- Garage Spaces
- 2
- Parking Spaces
- 8
- Parcel Number
- 11936303
- On Market Date
- 2026-05-29
Interior Features
- Interior Features
- Breakfast Bar
- Appliances
- Electric Water Heater, Dryer, Washer
- Flooring
- Carpet, Tile
- Cooling
- Central Air
- Fireplace
- Living Room
- Rooms
- Kitchen
Exterior Features
- Architectural Style
- Contemporary
- Roof
- Shingle
- Construction
- Stucco
- Lot Features
- Corner Lot, Front Yard, Sprinklers In Front
- Patio and Porch
- Deck
- Parking
- Garage, Rv Access Parking
- Pool Features
- None
Property History for 1622 Pegasus St
| Date | Event | Price | Note |
|---|---|---|---|
| May 29, 2026 | Relisted | $3,295,000 |
No prior MLS sales on record for this home since 2012.
About Newport Beach
Set along the Pacific in Orange County, Newport Beach surrounds Newport Harbor, where Balboa Island, Lido Isle, and the Balboa Peninsula frame one of California's largest recreational harbors. The city stretches from the Balboa and Newport piers to Corona del Mar and Fashion Island, within the Newport-Mesa Unified School District.
Newport Beach home sales, past 12 months
466Homes sold
$4,266,250Median price
23Median days on market
$1,611Median per sq ft
At $818 per square foot, this home's asking price is 49% below the Newport Beach median of $1,611 for single-family homes that closed in the past 12 months.
Recorded MLS closings of single-family homes, Sep 20, 2025 to Sep 20, 2026. Days on market run from listing to going under contract.
Recent Newport Beach sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 1730 E Ocean Boulevard | Sep 18, 2026 | $4,200,000 | 2,100 | $2,000 | 110 |
| 30 Long Bay | Sep 18, 2026 | $4,500,000 | 3,100 | $1,452 | 36 |
| 3618 Park Lane | Sep 18, 2026 | $4,300,000 | 1,913 | $2,248 | 2 |
| 416 Aliso Avenue | Sep 18, 2026 | $3,120,000 | 1,830 | $1,705 | 92 |
| 1842 Santiago | Sep 17, 2026 | $4,302,500 | 2,500 | $1,721 | 5 |
Estimated monthly payment
6.95% · 30-yr fixed$
$24,040/mo
10% down · 30-year fixed · $319,500 down
Principal & interest$19,034
Mortgage insurance (est., over 80% LTV)$1,198
Property tax (est. 1.08%)$2,876
Home insurance (rough est., varies widely)$932
HOANot reported, not included
$20,727/mo
20% down · 30-year fixed · $639,000 down
Principal & interest$16,919
Property tax (est. 1.08%)$2,876
Home insurance (rough est., varies widely)$932
HOANot reported, not included
$18,612/mo
30% down · 30-year fixed · $958,500 down
Principal & interest$14,804
Property tax (est. 1.08%)$2,876
Home insurance (rough est., varies widely)$932
HOANot reported, not included
Estimated carrying cost
$3,808/mo
All cash · taxes and insurance only
Principal & interestNone (cash purchase)
Property tax (est. 1.08%)$2,876
Home insurance (rough est., varies widely)$932
HOANot reported, not included
Estimate only, not a loan offer or quote. Principal and interest use the Freddie Mac 30-year fixed average of 6.95% (week of Sep 17, 2026); your rate will differ. A loan this size is typically a jumbo loan, which prices differently. Tax and insurance are modelled, not billed amounts; tax uses a typical Newport Beach rate, excluding Mello-Roos. Verify all figures. Full assumptions and disclosures.
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Location
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Photos of 1622 Pegasus St, Newport Beach
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Listed by Matthew Grubisich of Mosaik Real Estate
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. The 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, the 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.
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