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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 beds: 2

    Bathroom Information

    Total Baths: 1 Full Baths: 1
  • Interior Features

    All Bedrooms Down
    Appliances: Gas Range, Gas Water Heater, Refrigerator, Range Hood, Vented Exhaust Fan
    Laundry Features: Outside
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard Cooling: None

  • Building Information

    Year Built: 1924
    Stories: 1
    Patio And Porch Features: Front Porch
    Pool Features: None
    Private Pool: No
    View: None

  • Lot Information

    Main Square Feet: 3184 Lot Size Acres: 0.0731 Lot Size Source: Assessor Lot Size Square Feet: 3,184 Lot Description: Front Yard,Level,Near Park,Near Public Transit,Street Level,Yard

    Property Information

    Subdivision: Other Source Property Type: Residential Postal Code Plus 4: 1007 Property SubType: Single Family Residence Levels: One Property Age: 102

  • Listing Price Information

    Listing Price: $3750000
    Original Price: $4199000
    Cash, Cash to New Loan, Conventional

  • Tax Information

    Parcel Number: 04724102 Tax Lot: 13 Tax Block: 12

  • Utility Information

    Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
  • Location Information

    Direction: 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. WaterSource: Public
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Nearby Home Value

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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
2050 E Ocean, Newport Beach, CA, 92661 $3,800,000 3 2 1,633 1,633 SqFt
1730 E Ocean Boulevard, Newport Beach, CA, 92661 $4,995,000 3 3 2,200 2,200 SqFt
1703 Plaza Del Sur, Newport Beach, CA, 92661 $909,000 4 5 3,117 3,117 SqFt
1717 E Ocean Boulevard, Newport Beach, CA, 92661 $8,349,000 4 5 3,118 3,118 SqFt
1617 E Balboa Boulevard, Newport Beach, CA, 92661 $5,888,000 4 3 2,078 2,078 SqFt
1589 E Ocean Boulevard, Newport Beach, CA, 92661 $3,998,000 4 5 3,052 3,052 SqFt
1508 E Balboa Boulevard, Newport Beach, CA, 92661 $6,995,000 4 5 3,316 3,316 SqFt
1554 E Oceanfront, Newport Beach, CA, 92661 $13,500,000 5 6 3,649 3,649 SqFt

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ByOwner last updated this listing 07/28/2026 @ 04:08

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

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