$3,750,000

1245 W Balboa Boulevard, Newport Beach, CA 92661

  • 2 beds |
  • 1 bath |
  • 432 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1924
  • Property Lot Size Icon3,184sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $8,681/sqft
  • Property List Date Icon Listed 9 months ago

Property Description

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 park

Listing Status:
Active
Date Added:
August 18, 2025
Data Last Updated:
May 20, 2026 at 7:11AM
Listing Office:
Pacific OC Properties : 949-631-9015
Listing Agent:
Darwin Pearson : 949-631-9015
MLS ID:
NP25186509
  • Appliances: RefrigeratorVented Exhaust FanGas Range
  • A/C: N/K
  • Heating: Baseboard
  • Fireplace: N/K
  • Disability Feature: None
  • Pool: N/K
  • Parking: Parking spaces: 1
  • General: 1
  • HOA Amenities: 0.0
  • Originating MLS: California Regional MLS
  • County: Orange
  • Zoning: 04724102
  • View: N/K
  • Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedUnderground UtilitiesWater Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: California Regional MLS

This listing courtesy of Darwin Pearson , Pacific OC Properties

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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