1025 W Balboa Boulevard, Newport Beach, CA 92661

$2,788,888
7
BD
3
BA
2,500
SqFt
List Price
$2,788,888
Price Change
▼ $1,000 1541717077
Status
ACTIVE UNDER CONTRACT
MLS#
PW18255562
Year Built
1943
Bedrooms
7
Bathrooms
3
Living Sq. Ft
2,500
Lot Size
6,303
Lot Location
0-1 Unit/Acre
Days on Market
29
Property Type
Single Family Residential
Property Sub Type
Single Family Residence
Stories
Two Level
Neighborhood
Balboa Peninsula (Residential) (Balp)

Property Description

!!Amazing opportunity on the Balboa Peninsula if you like the idea of remodeling or building...One-of-the-kind (2) lots on one parcel. Dated house in a spectacular location; the potencial is in the land; Do you want to be creative? Well...definitely you can update the property with ALL the luxury architectural highlights, build 5.5 car garage; Or either build Two NEW separate luxury homes, one on each lot Or a Parade-of-Luxury-Condos (R2 Zoning, Potentially Up to 4 condos; please confirm with the city planning department). The project, is perfect for the sensational lifestyle of the Balboa peninsula. One of the main features and highlights is the proximity to the ocean, beach, and Newport Bay. New owners can just Park their car and enjoy as you are just a short walk or bike ride to the many shops, restaurants, and activities that the Peninsula has to offer! steps away from the beach. Perfect for large families or entertaining many guests. The home sits on two legal lots, each approximately 30.75 feet wide by 102.5 feet deep. The two lots feature a 20 foot wide alley providing easy access for parking.

Additional Information

Tract Number
234
Lot Description
Sidewalks
Pool Description
None
Fireplace Description
See Remarks
Cooling
Yes
Cooling Description
See Remarks
View
Ocean
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
School District
Newport Mesa Unified
Attached Structure
Detached

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Janeth Bernal from Century 21 Award

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.