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Single Family Residence

1245 W Balboa Boulevard

$3,750,000

Offered at

Newport Beach, CA 92661

Orange County

Beds

Baths

432

Sq Ft

3,184

Lot Sq Ft

1924

Year Built

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… 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 preferred. The home also features a stunning three-story glass elevator, making every level easily accessible. With a total of 3477sq. ft. in the main house including 533 sq. ft. in the Family/Game room area, 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.

Facts & Features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Cooling

Has cooling: No

Appliances

Included: Gas Range, Gas Water Heater, Refrigerator, Range Hood, Vented Exhaust Fan
Laundry: Outside

Features

Has fireplace: No

Interior area

Total interior livable area: 432 sqft

Property

Parking

Total spaces: 1
Parking features: On Site
Garage spaces: 0

Features

Stories: 1
Patio & porch: Front Porch
Has private pool: No
Has view: No

Lot

Size: 0.07 Acres
Features: Front Yard, Level, Near Park, Near Public Transit, Street Level, Yard

Details

Parcel number: 04724102

Construction

Type & style

Home type: Residential
Property subtype: Single Family Residence

Condition

Year built: 1924

Location

Mike Zwarg

Broker / Owner

951.528.0626
mike@mzhomes.us

Listing Office: Pacific OC Properties · Listing Agent: Darwin Pearson · dpearson@pacificocproperties.com · CRMLS

The property listing information on this website comes in part from the California Regional Multiple Listing Service (CRMLS) via Internet Data Exchange (IDX). Information is deemed reliable but is not guaranteed accurate by the MLS, and all properties are subject to prior sale, change, or withdrawal. This data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than identifying properties consumers may be interested in purchasing. Buyers should independently verify all information, including square footage, lot size, schools, and property condition.

1245 W Balboa Boulevard

Facts & Features

Location

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