1002 E Balboa BLVD Newport Beach, CA 92661
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
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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