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Listed by Darwin Pearson • Pacific OC Properties

$4,149,000

Est. payment - /mo

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2 Beds

1 Bath

432 SqFt

Active

1245 W Balboa BLD Newport Beach, CA 92661

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Alex Kononoff

alexander.kononoff@exprealty.com +1(650) 207-5341

UPDATED:

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 $9,604

MLS Listing ID CRNP25186509

Bedrooms 2

Full Baths 1

Year Built 1924

Lot Size 3,184 Sqft

Property Sub-Type Single Family Home

Source California Regional MLS

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

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Kitchen Hood Over Range, Other, Exhaust Fan, Oven Range - Gas, Refrigerator

Interior

Heating Baseboard

Cooling None

Fireplaces Type None

Laundry Other

Exterior

Parking Features Common Parking Area

Pool None

Utilities Available Underground - On Site

View None

Building

Lot Description Grade - Level

Story One Story

Water Heater - Gas, District - Public

Others

Tax ID 04724102

Special Listing Condition Not Applicable

SCHOOLSPROPERTIES

Elementary Schools 13

10

Eastbluff Elementary School

Public | KG - 6
9

Newport Elementary School

Public | KG - 6
8

Newport Heights Elementary School

Public | KG - 6
8

Mariners Elementary School

Public | KG - 6
8

Kaiser Elementary School

Public | 3 - 6
5

Pomona Elementary School

Public | KG - 6
4

Victoria Elementary School

Public | KG - 6
3

Whittier Elementary School

Public | KG - 6
1

Rea Elementary School

Public | KG - 6
0

St Joachim Elementary School

Private | PK - 8
0

Woodland Child Devt Center

Private | PK - 6
0

Woodland Elementary School

Public | KG - 2
0

Our Lady Queen of Angels School

Private | KG - 8

Middle Schools 2

10

Corona Del Mar Middle and High School

Public | 7 - 12
7

Ensign Intermediate School

Public | 7 - 8

High Schools 2

8

Newport Harbor High School

Public | 9 - 12
0

Newport Academy Day School

Private | 9 - 12

School and business data provided by Attom Data.

Alex Kononoff

Agent | License ID: 01387648

+1(650) 207-5341 | alexander.kononoff@exprealty.com

1245 W Balboa BLD Newport Beach, CA 92661

Alex Kononoff

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1245 W Balboa BLD