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Listed by Darwin Pearson • Pacific OC Properties
$ 4,149,000
Est. payment /mo
Active
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 $9,604
MLS Listing ID CRNP25186509
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1924
Lot Size 3,184 Sqft
Property Sub-Type Detached
Source Datashare California Regional
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 p
Location
State CA
County Orange
Interior
Heating Baseboard
Cooling None
Fireplaces Type None
Fireplace No
Appliance Gas Range, Refrigerator, Gas Water Heater
Laundry Other
Exterior
Pool None
Amenities Available Park
View None
Handicap Access None
Private Pool false
Building
Lot Description Level, Other, Street Light(s), Storm Drain
Story 1
Water Public
Schools
School District Newport-Mesa Unified
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