Courtesy of Pacific OC Properties, Darwin Pearson 949-631-9015
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
Open House
Property Details and Features
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Appliances & Equipment
- “Refrigerator”
- “Vented Exhaust Fan”
- “Gas Range”
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Bathrooms
- 1 total bathroom
- 1 full bathroom
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Bedrooms
- 2 total bedrooms
- 2 possible bedrooms
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Building
- Built in 1924
- Building area total: 432
- 1 stroy
- 1 story total
- Living area: 432
- Living area units: Sqft
- Building area units: Sqft
- Entry level: 1
- “No Common Walls”
- “1 Story”
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Cooling
- “N/K”
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Accessibility Features
- “None”
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Fireplaces
- “N/K”
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Water Features
- Water source: “Public”
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Heating
- “Baseboard”
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Listing
- Listing ID: NP25186509
- List price: $4,149,000
- 154 days on market
- Listing contract date: 2025-08-19
- Special listing conditions: “Standard”
- “Cash”
- “Conventional”
- “Cash To New Loan”
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Lot
- 3,184 size sqft
- Size area: 0.0731
- Size units: Acres
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Parking
- Total: 1
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Pool
- “N/K”
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Property
- Property subtype: Detached
- Property type: Residential
- “N/K”
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Sewer
- “Public Sewer”
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Utilities
- “Cable Connected”
- “Electricity Connected”
- “Natural Gas Connected”
- “Underground Utilities”
- “Sewer Connected”
- “Water Connected”
