It goes even beyond that - he was born in the Blessed realm and saw the Trees, which would put him above almost all elves we could meet in LotR, but (long) after he went to Middle-Earth during the Flight of the Ñoldor, he sacrificed his life to kill a Balrog, protecting the elves fleeing Gondolin. His reward was not only a shortened stay in the Halls of Mandos, but also Manwë deciding to send him back to Middle-Earth (something that basically never happens) with a further power boost, supposedly elevating him to be more like a Maia than a "mere" elf.