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Jenny And Ilana

jennyandilana@homes4yousd.com +1(619) 871-2052

$ 3,750,000

Est. payment -/mo

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Price Dropped by $189K

1245 W Balboa Boulevard Newport Beach, CA 92661

2 Beds

1 Bath

432 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 432 sqft

Price per Sqft $8,680

MLS Listing ID NP25186509

Bedrooms 2

Full Baths 1

Year Built 1924

Lot Size 3,184 Sqft

Property Sub-Type Detached

Property Description

Ocean View Beach Cottage with Approved Plans for a Luxury Home on Balboa Peninsula 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, 5 bedroom, three-story single-family dwelling. Imagine living in a luxurious new home designed with every modern convenience in mind. The new home design includes five spacious bedrooms, each with its own full bath, and two additional powder rooms for guests. The first floor Family/Game room with bedroom, full bathroom, laundry and kitchenette is designed (per current design code) to easily be converted to an ADU (after future City approval). It offers its own entry and patio, perfect for extended family or rental income if preferred. The home also features a stunning three-story glass elevator, making every level easily accessible. With a total of 3477sq. ft. in the main house including 533 sq. ft. in the Family/Game room area, there is plenty of room for everyone. The new construction will provide four off-street park

Location

State CA

County Orange

Direction South on 55 Fwy, keep straight on Newport Blvd. until it turns into W. Balboa Blvd., continue on W. Balboa Blvd. for 2/3 miles. 2nd house on ocean side of street past 13th St.

Interior

Heating Baseboard

Fireplace No

Appliance Refrigerator, Vented Exhaust Fan, Gas Range

Exterior

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected

View Y/N Yes

Water Access Desc Public

Accessibility None

Total Parking Spaces 1

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Senior Community No

Tax ID 04724102

Acceptable Financing Cash, Cash To New Loan, Conventional

Listing Terms Cash, Cash To New Loan, Conventional

Special Listing Condition Standard

Listed by Darwin Pearson, DRE#01993679 Pacific OC Properties

NEARBY SCHOOL & BUSINESS

Jenny And Ilana

Agent | License ID: 01260141

+1(619) 871-2052

Jenny And Ilana

1245 W Balboa Boulevard Newport Beach, CA 92661

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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1245 W Balboa Boulevard