1245 W Balboa BLVD Newport Beach, CA 92661
UPDATED:
01/21/2025 01:18 AM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 432 sqft
Price per Sqft $8,678
Subdivision Unknown
MLS Listing ID NP24127815
Bedrooms 2
Three Quarter Bath 2
HOA Y/N No
Year Built 1924
Lot Size 3,184 Sqft
Lot Dimensions Estimated
Property Description
Welcome to your dream property, just one row from the ocean with stunning views from the roof deck! This unique opportunity offers a charming beach cottage and a detached efficiency studio, perfect for immediate use or rental income. The property is located off a spacious 20-foot alley on a generous 31-foot wide by 102-foot-long lot, providing ample space and privacy.
The beach cottage was completely remodeled in 2020, featuring new windows and a new roof, ensuring a comfortable and modern living experience. But the real gem of this property lies in its future potential. The owners have fully approved construction drawings from the City of Newport Beach, ready for a brand-new, three-story single-family dwelling.
Imagine living in a luxurious new home designed with every modern convenience in mind. The new home design includes four spacious bedrooms, each with its own full bath, and two additional powder rooms for guests. The attached Accessory Dwelling Unit (ADU) offers its own entry and patio, perfect for extended family or rental income. The home also features a stunning three-story glass elevator, making every level easily accessible.
With a total of 2,924 sq. ft. in the main house and an additional 533 sq. ft. in the ADU, there is plenty of room for everyone. The new construction will provide four off-street parking spaces, including an attached 2-car garage and a 2-car carport, ensuring ample parking for residents and guests. The second level boasts two decks, one with breathtaking ocean views, while the third level features an expansive 852 sq. ft. roof deck. This incredible outdoor space includes a powder room, appliances, BBQ, fire pit, and is designed for a hot tub, making it the perfect spot for entertaining or relaxing while enjoying the ocean views.
The Peninsula is a scenic three-mile stretch with the harbor on one side and sandy beaches on the other. The area is primarily residential with some commercial areas, offering a mix of waterfront restaurants, local surf shops, and some of the best nightlife in Newport Beach.
The permits are ready, and the property is set to move forward with construction. Act now! We have recently reduced the price by $40,000, making this an even more incredible opportunity. Do not miss out on this rare chance to own a piece of paradise with endless potential. Contact us today to learn more and schedule a viewing!
Location
State CA
County Orange
Area Np - Balboa Peninsula
Zoning R2
Rooms
Main Level Bedrooms 2
Interior
Interior Features All Bedrooms Down
Heating Baseboard
Cooling None
Fireplaces Type None
Fireplace No
Appliance Free-Standing Range, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
Laundry Outside
Exterior
Parking Features On Site, Off Street, One Space
Pool None
Community Features Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks, Water Sports
Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
View Y/N No
View None
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Front Yard, Rectangular Lot, Street Level, Tear Down, Value In Land, Yard
Dwelling Type House
Story 1
Entry Level One
Sewer Public Sewer, Unknown
Water Public
Level or Stories One
New Construction No
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 04724102
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
