1245 W Balboa Boulevard, Newport Beach, CA 92661
Local realty services provided by:CENTURY 21 LOTUS
1245 W Balboa Boulevard,Newport Beach, CA 92661
$3,750,000
- 2 Beds
- 1 Baths
- 432 sq. ft.
- Single family
- Active
Listed by: darwin pearson
Office: pacific oc properties949-631-9015
MLS#:NP25186509
Source:CRMLS
Price summary
- Price:$3,750,000
- Price per sq. ft.:$8,680.56
About this home
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 single-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....
Contact an agent
Home facts
- Year built:1924
- Subdivision & Development:Other
- Listing ID #:NP25186509
- Added:436 day(s) ago
- Updated:October 29, 2026 at 11:35 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- Kitchen Description:Gas Range, Range Hood, Refrigerator, Vented Exhaust Fan
- Living area:432 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Year built:1924
- Building area:432 sq. ft.
- Lot area:0.07 Acres
- Lot Features:Front Yard, Level with Street, Near Park, Near Public Transit, Street Level, Yard
- Exterior Features:FrontPorch
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$3,750,000
- Price per sq. ft.:$8,680.56
Features and amenities
- Laundry features:Outside
- Amenities:All Bedrooms Down, Gas Water Heater
Parking
- Total parking spaces:1
- Parking description:On Site
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