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. 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!
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. 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 Details
Price:
$4,199,000
MLS #:
NP25186509
Status:
Active
Beds:
2
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
npbalboapeninsula
Listed Date:
Aug 18, 2025
Finished Sq Ft:
432
Lot Size:
3,184 sqft / 0.07 acres (approx)
Year Built:
1924
See this Listing
Schools
School District:
Newport Mesa Unified
Interior
Appliances
Gas Range, Gas Water Heater, Range Hood, Refrigerator, Vented Exhaust Fan
Bathrooms
1 Full Bathroom
Cooling
None
Heating
Baseboard
Laundry Features
Outside
Exterior
Community Features
Biking, Curbs, Fishing, Hiking, Park, Watersports, Preserve/Public Land, Sidewalks, Storm Drains, Street Lights
Parking Features
On Site
Parking Spots
1.00
Financial
Map
Community
- Address1245 W Balboa Boulevard Newport Beach CA
- NeighborhoodNP – Balboa Peninsula
- CityNewport Beach
- CountyOrange
- Zip Code92661
Subdivisions in Newport Beach
- Back Bay Anniversary Homes BBAN
- Balboa Coves BLCV
- Balboa Island – Collins Island BALC
- Balboa Island – Little Island BALL
- Balboa Island – Main Island BALM
- Balboa One Ford Road OFBB
- Balboa Peninsula
- Balboa Peninsula Point BLPP
- Balboa Peninsula Residential BALP
- Baycrest ""L"" Series BCL
- Baycrest South BCSO
- Bayridge BRID
- Bayshores BSHR
- Bayside Village BAYV
- Bayview Terrace BVTR
- Beacon Bay BEAC
- Beacon Court BECT
- Belcourt Custom BLCS
- Belcourt Hill BLHL
- Belcourt Terrace BLTR
- Belcourt Towne Collection BLTC
- Big Canyon Broadmoor BCBM
- Big Canyon Custom BCCS
- Big Canyon Deane BCDN
- Big Canyon McLain BCMC
- Big Canyon Villa BCVA
- Bluffs Homes on the Bay BNHB
- Bluffs Original BORI
- Bluffs Park Homes BNPK
- Bluffs Tennis Villas BNTV
- Cannery Village Mobile Park CVMP
- Central Newport CNEW
- Cherry Lake Estates UBLE
- Cliffhaven CLIF
- Dover Shores ""100"" Series DSA1
- Dover Shores DSAM
- Eastbluff – Lusk EBLK
- Eastbluff – Macco EBMO
- Granville GRNV
- Harbor Cove Palisades HCPS
- Harbor Cove Promenade HCPM
- Harbor Highlands I HH01
- Harbor Highlands II HH02
- Harbor Island ""Drive"" HIDC
- Harbor Island HARI
- Harbor Ridge Crest HRCR
- Harbor Ridge Custom HRCS
- Harbor Ridge Estates HRES
- Harbor View Homes HVHM
- Harbor View Knoll HKNL
- Kings Road KGRD
- Lido Building #601 L601
- Lido Building #621 L621
- Lido Island LIDO
- Lido Peninsula LIPN
- Linda Isle LIND
- Madison BCYM
- Marina Apartments MARA
- Newport Bay Towers NBYT
- Newport Beach Townhomes NTHM
- Newport Crest NEWC
- Newport Heights NEWH
- Newport Island NEWI
- Newport North Villas NNVL
- Newport Shores NEWS
- Newport Terrace NEWT
- Santa Ana Country Club Area SACC
- Santa Ana Heights Residential SAHR
- Sea Island – McLain SIML
- Seawind Condos SEAW
- Stonybrook OFSB
- Versailles VERS
- Villa Balboa VBAL
- Villa Granada VGRN
- Villa Siena VSEN
- Vista Del Lido Condos L611
- West Newport Beach WSNB
- West Newport Industrial WNIN
- Westcliff Grove WCGR
- Westcliff West WCDW
- Windward East Homes UBWE
- Wyndover Bay BCYW
Market Summary
Current real estate data for Single Family in Newport Beach as of Oct 22, 2025
160
Single Family Listed
182
Avg DOM
2,127
Avg $ / SqFt
$6,872,862
Avg List Price
Property Summary
- 1245 W Balboa Boulevard Newport Beach CA is a Single Family for sale in Newport Beach, CA, 92661. It is listed for $4,199,000 and features 2 beds, 1 baths, and has approximately 432 square feet of living space, and was originally constructed in 1924. The current price per square foot is $9,720. The average price per square foot for Single Family listings in Newport Beach is $2,127. The average listing price for Single Family in Newport Beach is $6,872,862.
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1245 W Balboa Boulevard
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