Newport Beach, CA 92661,1245 W Balboa Boulevard
Newport Beach, CA 92661,1245 W Balboa Boulevard
Newport Beach, CA 92661,1245 W Balboa Boulevard
Newport Beach, CA 92661,1245 W Balboa Boulevard
Newport Beach, CA 92661,1245 W Balboa Boulevard
Newport Beach, CA 92661,1245 W Balboa Boulevard
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$ 3,739,000
Est. payment | /mo

2 Beds

2 Baths

432 SqFt


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$ 3,739,000
Est. payment | /mo
Save

2 Beds

2 Baths

432 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 432 sqft

Price per Sqft $8,655

MLS Listing ID NP24127815

Style Detached

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1924

Lot Size 3,184 Sqft

Acres 0.0731

Lot Dimensions 31 X 102.5

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 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
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!

Location

State CA

County Orange

Area Oc - Newport Beach (92661)

Zoning R2

Interior

Equipment Disposal, Microwave, Refrigerator, Gas Range

Appliance Disposal, Microwave, Refrigerator, Gas Range

Laundry Outside

Exterior

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

Building

Lot Description Curbs, Sidewalks

Story 1

Lot Size Range 1-3999 SF

Sewer Public Sewer, Unknown

Water Public

Level or Stories 1 Story

Others

Monthly Total Fees $84

Miscellaneous Value in Land,Storm Drains

Acceptable Financing Cash, Cash To New Loan

Listing Terms Cash, Cash To New Loan

Special Listing Condition Standard

San Diego Regional MLS (SDMLS)
Listed by Darwin Pearson • Pacific OC Properties
agent-avatar

+1(858) 336-9653

jcohenkurzrock@gmail.com

2235 Linwood St. A5, Diego, California, 92110, United States

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1245 W Balboa Boulevard