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Candice Blair

candice@candiceblairgroup.com +1(949) 466-0620

$ 3,799,000

Est. payment -/mo

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Price Dropped by $51K

1245 W Balboa BLVD Newport Beach, CA 92661

2 Beds

2 Baths

432 SqFt

UPDATED:

09/30/2024 10:37 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 432 sqft

Price per Sqft $8,793

Subdivision Other (Othr)

MLS Listing ID NP24127815

Bedrooms 2

Three Quarter Bath 2

HOA Y/N No

Year Built 1924

Lot Size 3,184 Sqft

Acres 0.0731

Property Description

The current property consists of a beach cottage and a detached efficiency studio in the garage structure and 1 off street parking spot. The property is located off a large 20 ft. alley with a large approximately 31 ft wide X 102.5 ft long lot. The beach cottage was completely remolded (inside down to studs) in 2020 with new windows and new roof. The owners have City of Newport Beach fully approved construction drawings (permit ready) for a brand new 3-story Single Family Dwelling with 3 story glass elevator, (4 bed, each with its own full bath, plus 2- powder rooms, and an attached full ADU (Accessory Dwelling Unit) with its own entry and patio. The new construction will provide 4 off street parking spaces including an attached 2-car garage and 2-car carport. The main house will total 2924 SF plus the ADU of 533 SF. The new home has 2 decks off the 2nd level (1 with ocean views) and the 3rd level has an 852 SF roof deck area with powder room, appliances, BBQ and fire pit and designed for a hot tub. Ocean views from 2nd and 3rd levels.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Zoning R2

Rooms

Other Rooms All Bedrooms Down

Master Bathroom 2

Main Level Bedrooms 2

Interior

Heating Baseboard

Cooling None

Fireplaces Type None

Appliance Free-Standing Range, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator

Laundry Outside

Exterior

Garage Off Street, On Site, Parking Space

Pool None

Community Features Biking, Curbs, Watersports, Sidewalks, Storm Drains, Street Lights

Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected

View None

Parking Type Off Street, On Site, Parking Space

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Front Yard, Level with Street, Rectangular Lot, Tear Down, Value In Land, Yard

Dwelling Type House

Story 1

Sewer Public Sewer, Unknown

Water Public

Level or Stories One

New Construction No

Schools

School District Newport Mesa Unified

Others

Senior Community No

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

Confidential INFO

TERMS Cash,Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

PRIVATE REMARKS Photos are renderings of plans and proposed project. Property may be constructed and delivered completed if purchase price includes construction cost and operating expenses throughout construction phase. If interested please inquire for more details. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Brokers and agents assume no responsibility for typographical errors, misprints, or misinformation.

SHOW CONTACT TYPE Agent

SHOW CONTACT NAME Darwin Pearson

SHOW CONTACT PH 949-232-3928

SHOW INSTRUCTIONS Call Agent to schedule.

Listed by Pacific OC Properties

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

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