$2,615,000
$2,788,888
6.2%For more information regarding the value of a property, please contact us for a free consultation.
1025 W Balboa BLVD Newport Beach, CA 92661
7 Beds
3 Baths
2,500 SqFt
Key Details
Sold Price $2,615,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $1,046
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID PW18255562
Sold Date 12/21/18
Bedrooms 7
Full Baths 3
HOA Y/N No
Year Built 1943
Lot Size 6,098 Sqft
Acres 0.14
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.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Rooms
Main Level Bedrooms 1
Ensuite Laundry Common Area, See Remarks
Interior
Interior Features All Bedrooms Up, All Bedrooms Down
Laundry Location Common Area,See Remarks
Cooling See Remarks
Fireplaces Type See Remarks
Fireplace Yes
Laundry Common Area, See Remarks
Exterior
Garage Electric Gate
Garage Spaces 2.0
Garage Description 2.0
Fence Wood
Pool None
Community Features Sidewalks
View Y/N Yes
View Ocean
Parking Type Electric Gate
Attached Garage Yes
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 3
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 04725208
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Janeth Bernal • Century 21 Award