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1201 W Bay Ave

Newport Beach, CA 92661

2 beds
2 baths
962 sqft
3,501 sqft lot
$3,347 per sqft
1947 build
– on site

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Welcome to the epitome of prime real estate on Balboa Peninsula! Are you in search of the perfect location offering breathtaking bay views and endless possibilities? Look no further, as this property is a canvas awaiting your vision. Perched majestically, this parcel of land presents a rare opportunity to craft your dream estate. Imagine building your custom mega mansion, where every window frames panoramic vistas of both the serene ocean and the tranquil bay. With ample space and unparalleled views, the potential for luxury living knows no bounds. Alternatively, for those with an eye for preserving the charm of the past, the existing cottage provides a nostalgic backdrop ripe for renovation. Envision blending the nostalgia of the cottage with a stunning new home on the front lot, capitalizing on the spectacular bay views. It's a fusion of history and modernity, creating a timeless masterpiece. Feeling inspired by the allure of multiple dwellings? Consider the option to construct two beautiful condos, each offering captivating views of the bay and the ocean. With the possibility of adding an ADU (Accessory Dwelling Unit), this property offers flexibility and versatility to accommodate diverse living arrangements. The potential for this amazing piece of property is limited only by your imagination. Whether you aspire to create a sprawling estate, preserve the charm of yesteryears, or develop luxury condos, the canvas is yours to transform. Embrace the opportunity to shape your vision against the backdrop of unparalleled natural beauty. The possibilities are endless; the choice is yours to make.

Listed By CRMLS_CA / Maria Xanthakis / Seven Gables Real Estate / 714-785-8914

Last checked: Checking… • Last updated May 11, 2024 •

MLS# OC24044701 —

The Building

Year Built:

1947
Year Built Source:

Assessor
New Construction:

No
Total Number Of Units:

1
Structure Type:

House
Stories Total:

2
Entry Level:

2
Common Walls:

No Common Walls

Interior

Levels:

Two
Entry Location:

up
Eating Area:

In Living Room
Room Type:

Living Room, Main Floor Bedroom
Living Area Units:

Square Feet
Living Area Source:

Assessor
Fireplace:

Yes
Fireplace:

Living Room
Laundry:

In Garage
Laundry:

1

Room Dimensions

Living Area:

962.00

Location

Directions:

12th and Bay
Latitude:

33.60671800
Longitude:

-117.91610300

The Property

Property Type:

Residential
Subtype:

Single Family Residence
Property Condition:

Fixer
Zoning:

SFR
Lot Features:

Lawn, Rectangular Lot
Lot Size Area:

3501.0000
Lot Size Dimensions:

38X90
Lot Size Acres:

0.0804
Lot Size SqFt:

3501.00
Lot Size Source:

Assessor
Lot Dimensions Source:

Assessor
View:

1
View:

Bay, Neighborhood, Ocean, See Remarks, Water
Road Surface Type:

Paved
Land Lease:

No
Lease Considered:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

626
Tax Tract:

626
Tax Lot:

13

Beds

Total Bedrooms:

2
Main Level Bedrooms:

1

Baths

Total Baths:

2
Full & Three Quarter Baths:

2
Main Level Baths:

1
Full Baths:

2

The Listing

Special Listing Conditions:

Standard, Trust
Parcel Number:

04723410

Heating & Cooling

Cooling:

No
Cooling:

None

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

High School District:

Newport Mesa Unified

The Community

Subdivision:

Balboa Peninsula (Residential) (BALP)
Subdivision:

Balboa Peninsula (Residential) (BALP)
Units in the Community:

Yes
Features:

Curbs
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking:

Garage
Parking Spaces:

2.00
Attached Garage:

Yes
Garage Spaces:

2.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Max Internet Speed

AT&T Fiber

Provided by BroadbandNow®

Utility Costs

$123/mo.

Estimate provided by ClearlyEnergy

View a full report

Sale history

Date	Event	Source	Price
3/5/24 Mar 5, 2024		BRIDGE	$3,000,000
3/5/24 Mar 5, 2024	Sold Subject To Contingencies	CRMLS_CA	$3,000,000
3/5/24 Mar 5, 2024	Listed / Active	CRMLS_CA	$3,000,000

House Sold on 5/10/2024

$3,220,000

Listing provided by broker:

Maria Xanthakis

Seven Gables Real Estate

714-785-8914

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Listing Courtesy of: CRMLS_CA and Seven Gables Real Estate. Based on information from California Regional Multiple Listing Service, Inc. as of 22:41 on Apr 27.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

1201 W Bay Ave

Newport Beach, CA 92661