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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. Act now! We have recently reduced the price by $40,000, making this an even more incredible opportunity. 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!
Property Type(s):
Single Family
| Last Updated | 3/28/2025 | Tract | Unknown |
|---|---|---|---|
| Year Built | 1924 | Community | Balboa Peninsula |
| County | Orange |
SCHOOLS
| School District | Newport Mesa Unified |
|---|
Price History
| Prior to Aug 19, '24 | $4,000,000 |
|---|---|
| Aug 19, '24 - Sep 30, '24 | $3,850,000 |
| Sep 30, '24 - Dec 10, '24 | $3,799,000 |
| Dec 10, '24 - Dec 16, '24 | $3,789,000 |
| Dec 16, '24 - Dec 28, '24 | $3,779,000 |
| Dec 28, '24 - Jan 3, '25 | $3,769,000 |
| Jan 3, '25 - Jan 20, '25 | $3,759,000 |
| Jan 20, '25 - Jan 28, '25 | $3,749,000 |
| Jan 28, '25 - Feb 6, '25 | $3,739,000 |
| Feb 6, '25 - Feb 14, '25 | $3,729,000 |
| Feb 14, '25 - Mar 1, '25 | $3,719,000 |
| Mar 1, '25 - Mar 7, '25 | $3,709,000 |
| Mar 7, '25 - Mar 13, '25 | $3,699,000 |
| Mar 13, '25 - Mar 28, '25 | $3,689,000 |
| Mar 28, '25 - Today | $3,679,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Disposal, Free-Standing Range, Gas Range, Gas Water Heater, Microwave, Refrigerator |
| AREA | Balboa Peninsula |
| GARAGE | Off Street, On Site, One Space |
| HEAT | Baseboard |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down |
| LOT | 3184 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre, Front Yard, Rectangular Lot, Street Level, Tear Down, Value In Land, Yard |
| LOT DIMENSIONS | 31 X 102.5 |
| PARKING | On Site,Off Street,One Space |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer,Unknown |
| STORIES | 1 |
| SUBDIVISION | Unknown |
| UTILITIES | Electricity Connected,Natural Gas Connected,Phone Available,Sewer Connected,Underground Utilities,Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | R2 |
Location
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Listed with Pacific OC Properties
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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