1245 W Balboa Boulevard
Newport Beach, CA 92661
- 2 beds
- 2 baths
- 432 sqft
- 3,184 sqft lot
- $8,516 per sqft
- 1924 build
- – on site
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, three-story single-family dwelling. Imagine living in a luxurious new home designed with every modern convenience in mind. The new home design includes four spacious bedrooms, each with its own full bath, and two additional powder rooms for guests. The attached Accessory Dwelling Unit (ADU) offers its own entry and patio, perfect for extended family or rental income. The home also features a stunning three-story glass elevator, making every level easily accessible. With a total of 2,924 sq. ft. in the main house and an additional 533 sq. ft. in the ADU, 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. Act now! We have recently reduced the price by $40,000, making this an even more incredible opportunity. Do not miss out on this rare chance to own a piece of paradise with endless potential. Contact us today to learn more and schedule a viewing!
Last checked:
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Last updated Apr 9, 2025
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MLS# NP24127815 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1924
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Year Built Source:Assessor
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New Construction:No
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Total Number Of Units:1
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Structure Type:House
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Stories Total:1
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Entry Level:1
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Common Walls:No Common Walls
Interior
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Levels:One
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Entry Location:Front and Rear
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Room Type:All Bedrooms Down
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Living Area Units:Square Feet
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Living Area Source:Assessor
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Fireplace:No
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Fireplace:None
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Laundry:Outside
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Laundry:1
Room Dimensions
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Living Area:432.00
Location
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Directions:South on 55 Fwy, keep straight on Newport Blvd. until it turns into W. Balboa Blvd., continue on W. Balboa Blvd. or 2/3 miles. 2nd house on oceanside of street past 13 th.
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Latitude:33.60616700
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Longitude:-117.91747200
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Zoning:R2
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Lot Features:0-1 Unit/Acre, Front Yard, Level with Street, Rectangular Lot, Tear Down, Value In Land, Yard
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Lot Size Area:3184.0000
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Lot Size Dimensions:31 X 102.5
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Lot Size Acres:0.0731
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Lot Size SqFt:3184.00
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Lot Size Source:Assessor
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Lot Dimensions Source:Estimated
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View:None
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Additional Parcels:No
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Land Lease:No
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Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:628.00
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Tax Tract:234
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Tax Lot:13
Beds
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Total Bedrooms:2
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Main Level Bedrooms:2
Baths
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Total Baths:2
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Bathroom Features:Laminate Counters
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Full & Three Quarter Baths:2
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Main Level Baths:2
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Three Quarter Baths:2
The Listing
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Special Listing Conditions:Standard
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Parcel Number:04724102
Heating & Cooling
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Heating:1
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Heating:Baseboard
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Cooling:No
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Cooling:None
Utilities
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Utilities:Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
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Sewer:Public Sewer, Unknown
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Water Source:Public
Appliances
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Appliances:Free-Standing Range, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
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Included:Yes
Schools
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High School District:Newport Mesa Unified
The Community
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Subdivision:Other (OTHR)
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Subdivision:Unknown
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Features:Biking, Curbs, Watersports, Sidewalks, Storm Drains, Street Lights
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:Yes
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Parking:Off Street, On Site, Parking Space
Monthly cost estimate
Asking price
$3,679,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$19,699
|
| Taxes | N/A |
| Insurance | $1,011 |
| Utilities | $103 See report |
| Total | $20,813/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/28/25
Mar 28, 2025
|
Price Changed | CRMLS_CA | $3,679,000 | -0.3% |
|
3/13/25
Mar 13, 2025
|
Price Changed | CRMLS_CA | $3,689,000 | -0.3% |
|
3/7/25
Mar 7, 2025
|
Price Changed | CRMLS_CA | $3,699,000 | -0.3% |
