1245 W Balboa Boulevard

Newport Beach, CA 92661

  • 2 Bed(s)
  • 0 Bath(s)
  • 432 Sqft
  • 3184
    Sqft(Lot)
$3,719,000

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, 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!

  • Property Type

    Residential

  • Subdivision

    Fallbrook

  • County

    Orange

  • Style

    Residential

  • AD ID

    46164902

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Property Details

  • Bedroom Information

    • Total Bedrooms : 2

    Bathroom Information

    • Total Baths: 2

    Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer,Unknown

    Interior Features

    • Interior Features: All Bedrooms Down
    • Property Appliances: Free-Standing Range,Disposal,Gas Range,Gas Water Heater,Microwave,Refrigerator
    • Fireplace: None

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Baseboard
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1924

    Pool Features

    • None

    Laundry Features

    • Outside

  • Lot Details

    • Lot Dimensions Source: Estimated
    • Lot Size Acres: 0.0731
    • Lot Size Dimensions: 31 X 102.5
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 3184

  • Listing Price Information

    • Original List Price: 3,719,000
    • Listing Contract Date: 2024-06-23

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 04724102

  • Garage and Parking

    • Garage Description: On Site,Off Street,One Space

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: NP - Balboa Peninsula
    • Postal Code Plus 4: 1007
    • Directions: South on 55 Fwy, keep straight on Newport Blvd. until it turns into W. Balboa Blvd., continue on W. Balboa Blvd. or 2/3 miles. 2nd house on oceanside of street past 13 th.
    • Zoning: R2
    • Source Property Type: Residential
    • Area: NP - Balboa Peninsula
    • Property SubType: Single Family Residence

    Building and Construction

    • Property Age: 101
    • Common Walls: No Common Walls
    • Structure Type: Single Family Residence
    • Year Built Source: Assessor
    • Total Square Feet Living: 432
    • Entry Level: 1
    • Entry Location: Front and Rear
    • Levels or Stories: One
    • Building Total Stories: 1
    • Structure Type: House
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BuyOwner last updated this listing 02/22/2025 @ 23:07

  • MLS: NP24127815
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 2 bedrooms which is for sale, it has 432 sqft, 3,184 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Newport Beach , in zip code 92661, this Orange County Home , it is in the FALLBROOK Subdivision, are nearby neighborhoods.