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1245 W Balboa Boulevard

Newport Beach, CA 92661
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Bed 2

Bed

Bath 1

Bath

Acres432

Acres

SqFt3,184

Sqft(Lot)

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 singl e-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.

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Detail Ic Property Details

Property Type : Residential

Price : $3,750,000

AD Id : 66612091

MLS Id : NP25186509

Beds : 2

Lot Size : 3,184 Sqft

Living Area Size : 432

Year Built : 1924

County : Orange

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Feature Features

  • Bedroom Information

    Total Bedrooms: 2

    Bathroom Information

    Total Baths: 1 Full Baths: 1

    Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Interior Features: All Bedrooms Down Property Appliances: Gas Range,Gas Water Heater,Refrigerator,Range Hood,Vented Exhaust Fan Fireplace: None
  • Cooling Features

    None Air Conditioning

    Heating Source

    Baseboard Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1924
  • Accessibility Features

    None

    Pool Features

    None

    Laundry Features

    Outside

    Patio And Porch

    Front Porch

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.0731
  • Lot Size Source: Assessor Lot Size Square Feet: 3184

  • Listing Price Information

    Original List Price: 3,750,000 Listing Contract Date: 2025-08-18
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 04724102

  • Garage and Parking

    Garage Description: On Site

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: NP - Balboa Peninsula Postal Code Plus 4: 1007 Directions: South on 55 Fwy, keep straight on Newport Blvd. until it turns into W. Balboa Blvd., continue on W. Balboa Blvd. for 2/3 miles. 2nd house on ocean side of street past 13th St. Source Property Type: Residential Area: NP - Balboa Peninsula Property SubType: Single Family Residence
  • Building and Construction

    Property Age: 102 Common Walls: No Common Walls Structure Type: Single Family Residence Year Built Source: Assessor Total Square Feet Living: 432 Entry Level: 1 Entry Location: Front and Rear Levels or Stories: One Building Total Stories: 1 Structure Type: House
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2137 Miramar, Newport Beach, CA, 92661 $589,999 4 3 2,088 2,088 SqFt
2258 Channel Road, Newport Beach, CA, 92661 $21,500,000 7 7 8,433 8,433 SqFt
1743 Miramar, Newport Beach, CA, 92661 $4,150,000 3 1 1,309 1,309 SqFt
503 J Street, Newport Beach, CA, 92661 $8,988,000 4 4 3,577 3,577 SqFt
1703 Plaza Del Sur, Newport Beach, CA, 92661 $949,000 4 4 3,117 3,117 SqFt
1703 Plaza Del Sur #2, Newport Beach, CA, 92661 $929,000 4 4 3,117 3,117 SqFt
1508 E Balboa Boulevard, Newport Beach, CA, 92661 $6,995,000 4 5 3,316 3,316 SqFt
1324 E Balboa, Newport Beach, CA, 92661 $27,995,000 5 1 5,453 5,453 SqFt
613 E Balboa Boulevard #A, Newport Beach, CA, 92661 $2,125,000 3 3 1,877 1,877 SqFt
315 E Bay Avenue, Newport Beach, CA, 92661 $815,000 5 4 2,632 2,632 SqFt

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ByOwner last updated this listing 06/12/2026 @ 08:12

MLS: NP25186509 LISTED BY: Darwin Pearson, Pacific OC Properties 949-631-9015 SOURCE: CRMLS

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