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$3,719,000

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2 BD

2 BA

432 SqFt

Price Dropped by $10K

1245 W Balboa BLD Newport Beach, CA 92661

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Xavier Williams

[email protected] +1(408) 774-4300

UPDATED:

02/14/2025 07:07 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 432 sqft

Price per Sqft $8,608

MLS Listing ID CRNP24127815

Bedrooms 2

Full Baths 2

Originating Board California Regional MLS

Year Built 1924

Lot Size 3,184 Sqft

Property Sub-Type Single Family Home

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, 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 a

Location

State CA

County Orange

Area Np - Balboa Peninsula

Zoning R2

Rooms

Kitchen Garbage Disposal, Microwave, Other, Oven Range - Gas, Oven Range, Refrigerator

Interior

Heating Baseboard

Cooling None

Fireplaces Type None

Laundry Other

Exterior

Parking Features Common Parking Area, Off-Street Parking, Parking Area

Pool None

Utilities Available Telephone - Not On Site, Underground - On Site

View None

Building

Lot Description Grade - Level

Story One Story

Sewer TBD

Water Heater - Gas, District - Public

Others

Tax ID 04724102

Special Listing Condition Not Applicable

Listed by Darwin Pearson • Pacific OC Properties

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

"It's your money, and you're going to be making the payments on your new home (not me). Let's take the time to find the right fit, for you, at your pace! "

+1(408) 774-4300

[email protected]

5450 Thornwood Dr Ste F, San Jose, California, 95123, USA