USACANewport BeachOther (Othr)1245 W Balboa Blvd

Front View from W. Balboa Blvd. | Image 1

1245 W Balboa Blvd, Newport Beach, CA

Name: 1245 W Balboa Blvd, For Sale in Newport Beach - eXp Realty
Brand: Pacific OC Properties
SKU: NP25186509
Price: 4149000 USD

House

For Sale

Listed price in listed location currency (USD).

$4,149,000

211

MLS® NP25186509

Key Facts
Description
Rooms
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 432 sqft

Garage No

Taxes

Days Active 172

Lot Size 0.0731 acres

Approx. Age 1924

Avg. Price Per Sqft $9,604

MLS® Number NP25186509

Property Address: 1245 W Balboa Blvd, Newport Beach, CA, 92661-1007

Average square foot calculated using Size range provided by listing agent.

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 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.

MLS® NumberNP25186509

Laundry LevelOutside

Central VacNo

FireplaceNo

Acreage0.0731

Exterior

GarageNo

Approx. Age1924

Basement

DrivewayOn Site

Garage Spaces0

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 18, 2025List Date

$4,149,000List Price

Commute

Commute

Starting Address

Destination Address

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