1245 W Balboa BLD, Newport Beach, CA 92661
- $3,750,000
- 2
- BD
- 1
- BA
Listed by Darwin Pearson, 949-631-9015 from Pacific OC Properties
(If provided) CoList: from
- List Price
- $3,750,000
- Price Change
- ▼ $189,000 1779237595
- MLS#
- CRNP25186509
- Status
- ACTIVE
- Levels
- One Story
- Bedrooms
- 2
- Total Bathrooms
- 1
- Full Bathrooms
- 1
- Lot Size
- 3,184
- Listing Area
- Np - Balboa Peninsula
- Year Built
- 1924
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
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Additional Information
- Acres
- 0.07
- Bedroom Description
- Ground Floor Bedroom
- Cooling System
- None
- Fireplace Description
- None
- Garage Parking
- Common Parking Area
- Heating System
- Baseboard
- Laundry Facilities
- Other
- Levels
- One Story
- Lot Description
- Grade - Level
- Lot Size
- 3,184
- Neighborhood
- Np - Balboa Peninsula
- Other Utilities
- Underground - On Site
- Pool Description
- None
- Unincorporated Yn
- Yes
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