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$7,995,000

Est. payment - /mo

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4 Beds

4 Baths

2,987 SqFt

New

1002 E Balboa Boulevard Newport Beach, CA 92661

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Paul Abola

paul@paulabola.com +1(858) 774-1154

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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,987 sqft

Price per Sqft $2,676

Subdivision Balboa Peninsula (Residential) (

MLS Listing ID NP26239064

Bedrooms 4

Full Baths 3

Half Baths 1

Year Built 1928

Lot Size 3,825 Sqft

Property Sub-Type Detached

Property Description

An exceptional opportunity to acquire a premier bayfront property on Newport Beachs 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 Californias 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 Villages 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 Beachs most celebrated beaches. With limited opportunities for bayfront ownership and continued demand for luxury waterfront residences, this property offers exceptional flexibi

Location

State CA

County Orange

Direction Take Balboa Blvd. down to B Street on the Balboa Peninsula

Interior

Interior Features Tile Counters

Heating Wall/Gravity

Flooring Carpet, Linoleum/Vinyl

Fireplaces Type FP in Living Room

Fireplace No

Appliance Electric Oven, Electric Range

Exterior

Parking Features Direct Garage Access, Garage - Two Door

Garage Spaces 2.0

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

View Y/N Yes

Water Access Desc Public

View Bay, Mountains/Hills, Ocean, Panoramic, Other/Remarks, Marina, Water, Back Bay, Canal, Coastline, Neighborhood, City Lights

Accessibility Parking

Porch Patio

Total Parking Spaces 2

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 04814204

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

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

Special Listing Condition Standard

Listed by Arthur Dorr, DRE#01899740 Balboa Realty
Co-listed byNON LISTED OFFICE

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Paul Abola

Agent License ID: 01870209

+1(858) 774-1154

1002 E Balboa Boulevard Newport Beach, CA 92661

Paul Abola

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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1002 E Balboa Boulevard