Thank you
Jodi Ditolla
DiTolla Real Estate
949-228-7263
READY TO BUILD with APPROVED PLANS and a SHORT TERM RENTAL PERMIT. This is your opportunity to build a custom home on the iconic Balboa Peninsula, just steps from the bay and a short walk to the beach, the Balboa Pier, Balboa Island Ferry, Fun Zone and the infamous Wedge. Plans for this 3-level home boast a pristine design with an open concept floor plan and an elevator to all three levels. The main level features a chef’s kitchen with a large island and bar seating that opens to an airy and light-filled living area. Adjacent to the kitchen is an outdoor courtyard separated only by glass doors allowing the ultimate indoor/outdoor living with room for a fire pit, grill or seating for entertaining guests. On the second level, a sleek primary suite includes a luxurious spa bathroom with dual vanities, large soaking tub and oversized walk-in shower. The primary suite also features a private balcony and a spacious walk-in closet. There are three secondary bedrooms on the second floor and an additional bedroom with full bath on the third level. The magnificent 1,000+ sq. ft. rooftop terrace is truly an entertainer's dream with its multiple covered and uncovered lounging areas, and plans for an outdoor kitchen, fire pit and hot tub. The oversized 2-car garage will be outfitted with a charging port for an electric vehicle and there is ample room for storage cabinets and bikes. The highly sought after short term rental permit is transferred to the buyer with the sale of the property, which will significantly increase the property’s rental income. This rare offering is a great opportunity for any discerning buyer or investor.
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Water Source : Public
Sewer : Public Sewer
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.0551
Lot Size Source: Assessor
Lot Size Square Feet: 2402
Original List Price: 3,400,000
Listing Contract Date: 2024-03-18
Listing Agreement: Exclusive Right To Sell
Parcel Number: 04811113
Lease Term: Negotiable
Source Listing Status: Active Under Contract
Source Neighborhood: NP - Balboa Peninsula
Postal Code Plus 4: 1207
Directions: Balboa Blvd., left on Adams, left on Bay
Zoning: SFR
Source Property Type: Land
Area: NP - Balboa Peninsula
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1119 E Balboa Boulevard.., Newport Beach, CA,92661 | $22,500 | 4 | 1 | 1,800 | -- |
1740 E Ocean Boulevard, Newport Beach, CA,92661 | $7,800,000 | 5 | 5 | 3,024 | 2625 Sqft |
1577 Miramar Drive, Newport Beach, CA,92661 | $4,850,000 | 4 | 4 | 2,558 | 2450 Sqft |
423 E Edgewater Avenue, Newport Beach, CA,92661 | $6,945,000 | 3 | 3 | 2,289 | 3124 Sqft |
311 Montero Street, Newport Beach, CA,92661 | $2,749,000 | 3 | 2 | 1,339 | 2100 Sqft |
1220 W Bay Avenue, Newport Beach, CA,92661 | $68,000,000 | 6 | 7 | 12,749 | 7132 Sqft |
1003 E Balboa Boulevard, Newport Beach, CA,92661 | $7,999,000 | 8 | 3 | 3,570 | 3920 Sqft |
200 E Balboa Boulevard, Newport Beach, CA,92661 | $6,495,000 | 4 | 4 | 3,029 | 2400 Sqft |
326 L Street, Newport Beach, CA,92661 | $3,997,000 | 3 | 2 | 1,420 | 1400 Sqft |
441 Seville, Newport Beach, CA,92661 | $7,000,000 | 5 | 6 | 3,863 | 2800 Sqft |
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ByOwner last updated this listing 05/03/2024 @ 13:45
MLS: NP24054125
LISTED BY: Jodi DiTolla, DiTolla Real Estate
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.