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aesquivel.21@est.ucab.edu.ve +1(123) 456-7890

$7,995,000

Est. payment - /mo

4 Beds

4 Baths

2,987 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,987 sqft

Price per Sqft $2,676

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP26239064

Bedrooms 4

Full Baths 3

Half Baths 1

Construction Status Fixer

HOA Y/N No

Year Built 1928

Lot Size 3,824 Sqft

Property Sub-Type Single Family Residence

Property Description

An exceptional opportunity to acquire a premier bayfront property on Newport Beach's coveted Balboa Peninsula, just a short stroll from the heart of Balboa Village. Situated directly on the bay, this 3,825-square-foot parcel features approximately 45 feet of frontage, offering an impressive footprint and tremendous potential in one of Southern California's most desirable waterfront locations.

The existing single-family residence features 4 bedrooms, 3.5 bathrooms, and approximately 2,987 square feet of living space. The home was lifted and substantially rebuilt in 1995, providing an opportunity for a buyer to enjoy the existing residence while updating and modernizing the property to suit their personal vision. For those seeking a larger-scale project, the property also presents an exciting redevelopment opportunity. According to information provided by the City of Newport Beach, the site may accommodate a newly constructed residence exceeding 5,000 square feet of interior living space. Additionally, there may be an opportunity to construct a private dock, further enhancing its appeal as a premier waterfront estate.

The location is truly exceptional, with the bay at your doorstep and the Pacific Ocean just blocks away. Balboa Village's renowned restaurants, boutique shops, and iconic boardwalk are all within easy walking distance, along with the Balboa Island Ferry, Balboa Fun Zone, and some of Newport Beach's most celebrated beaches.

With limited opportunities for bayfront ownership and continued demand for luxury waterfront residences, this property offers exceptional flexibility for builders, developers, and discerning end users alike. Whether upgrading the existing residence, undertaking a thoughtful renovation, or pursuing a custom-built waterfront estate, the possibilities are compelling.

Buyer to independently verify all aspects of the property, including existing improvements, potential buildable square footage, development feasibility, dock construction, zoning, setbacks, and all required permits and approvals with the City of Newport Beach and other applicable governmental agencies. All development potential is subject to buyer investigation and approval.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Main Level Bedrooms 1

Interior

Interior Features Ceiling Fan(s), Tile Counters

Heating Wall Furnace

Cooling None

Flooring Carpet, Vinyl

Fireplaces Type Living Room

Fireplace Yes

Appliance Electric Oven, Electric Range

Laundry Inside

Exterior

Parking Features Door-Multi, Direct Access, Garage Faces Front, Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban, Water Sports

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

Waterfront Description Across the Road from Lake/Ocean,Beach Access,Bayfront,Ocean Access,Ocean Side Of Freeway,Ocean Side Of Highway,Seawall

View Y/N Yes

View Bay, Back Bay, Bridge(s), Canal, City Lights, Coastline, Hills, Marina, Neighborhood, Ocean, Panoramic, Water

Accessibility Parking

Porch Patio

Total Parking Spaces 2

Private Pool No

Building

Lot Description Street Level, Value In Land, Walkstreet

Dwelling Type House

Story 2

Entry Level Two

Foundation Raised, Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Fixer

Schools

Elementary Schools Newport

Middle Schools Ensign

High Schools Newport Harbor

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 04814204

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, Submit

Listing Terms Cash, Cash to New Loan, Conventional, Submit

Special Listing Condition Standard

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Listed by Arthur Dorr Balboa Realty 9495009832, DRE #01899740

NEARBY SCHOOL & BUSINESS

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1002 E Balboa BLVD Newport Beach, CA 92661