1245 W Balboa Boulevard, Newport Beach, CA 92661
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
1245 W Balboa Boulevard,Newport Beach, CA 92661
$4,149,000
- 2 Beds
- 1 Baths
- 432 sq. ft.
- Single family
- Active
Listed by: darwin pearson
Office: pacific oc properties
MLS#:NP25186509
Source:CRMLS
Price summary
- Price:$4,149,000
- Price per sq. ft.:$9,604.17
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, 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. 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!
Contact an agent
Home facts
- Year built:1924
- Listing ID #:NP25186509
- Added:105 day(s) ago
- Updated:December 02, 2025 at 02:15 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- 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
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$4,149,000
- Price per sq. ft.:$9,604.17
New listings near 1245 W Balboa Boulevard
- New
$3,295,000Active3 beds 3 baths1,950 sq. ft.212 Opal, Newport Beach, CA 92662
MLS# NP25265141Listed by: ABRAMS COASTAL PROPERTIES - New
$10,695,000Active4 beds 4 baths2,865 sq. ft.339 Via Lido Soud, Newport Beach, CA 92663
MLS# NP25267911Listed by: PACIFIC SOTHEBY'S INT'L REALTY - Open Thu, 11am to 2pmNew
$3,295,000Active3 beds 3 baths1,950 sq. ft.212 Opal, Newport Beach, CA 92662
MLS# NP25265141Listed by: ABRAMS COASTAL PROPERTIES - New
$3,295,000Active3 beds 3 baths1,950 sq. ft.212 Opal, Newport Beach, CA 92662
MLS# CRNP25265141Listed by: ABRAMS COASTAL PROPERTIES - New
$2,199,000Active3 beds 3 baths2,089 sq. ft.65 Mandria, Newport Coast, CA 92657
MLS# CRNP25245468Listed by: COMPASS - Open Sat, 1pm to 4amNew
$2,199,000Active3 beds 3 baths2,089 sq. ft.65 Mandria, Newport Coast, CA 92657
MLS# NP25245468Listed by: COMPASS - New
$4,495,000Active5 beds 5 baths2,279 sq. ft.117 Marine Avenue, Newport Beach, CA 92662
MLS# NP25260073Listed by: ABRAMS COASTAL PROPERTIES - New
$4,495,000Active5 beds 5 baths2,279 sq. ft.117 Marine Avenue, Newport Beach, CA 92662
MLS# NP25260073Listed by: ABRAMS COASTAL PROPERTIES - Open Fri, 11am to 2pmNew
$2,695,000Active2 beds 1 baths928 sq. ft.122 E Bay Avenue, Newport Beach, CA 92661
MLS# NP25268228Listed by: COMPASS - New
$4,495,000Active5 beds 5 baths2,279 sq. ft.117 Marine Avenue, Newport Beach, CA 92662
MLS# NP25260073Listed by: ABRAMS COASTAL PROPERTIES