1245 W Balboa Blvd Newport Beach, CA 92661
Central Newport Beach NeighborhoodEstimated payment $24,486/month
Highlights
- Fishing
- Property is near a park
- No HOA
- Newport Elementary School Rated A
- Private Yard
- 2-minute walk to Newport Beach Playground
About This Home
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!
Listing Agent
Pacific OC Properties Brokerage Email: dpearson@pacificocproperties.com License #01993679 Listed on: 08/18/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $25,628
Year Built
- Built in 1924
Lot Details
- 3,184 Sq Ft Lot
- Property fronts an alley
- Level Lot
- Private Yard
- Front Yard
Home Design
- Entry on the 1st floor
Interior Spaces
- 432 Sq Ft Home
- 1-Story Property
Kitchen
- Gas Range
- Range Hood
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
- Walk-in Shower
- Exhaust Fan In Bathroom
Laundry
- Laundry Room
- Laundry Located Outside
Parking
- 1 Open Parking Space
- 1 Parking Space
- Parking Available
Outdoor Features
- Patio
- Exterior Lighting
- Front Porch
Location
- Property is near a park
- Property is near public transit
Utilities
- Vented Exhaust Fan
- Baseboard Heating
- Underground Utilities
- Natural Gas Connected
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 13 / 12
- Tax Tract Number 234
- Assessor Parcel Number 04724102
- $944 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- Property is near a preserve or public land
Recreation
- Fishing
- Park
- Water Sports
- Hiking Trails
- Bike Trail
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $25,628 | $2,184,840 | $2,132,820 | $52,020 |
| 2024 | $25,628 | $2,346,000 | $2,295,000 | $51,000 |
| 2023 | $25,417 | $2,300,000 | $2,250,000 | $50,000 |
| 2022 | $2,063 | $91,654 | $83,147 | $8,507 |
| 2021 | $2,323 | $89,857 | $81,516 | $8,341 |
| 2020 | $2,306 | $88,936 | $80,680 | $8,256 |
| 2019 | $2,301 | $87,193 | $79,098 | $8,095 |
| 2018 | $2,388 | $85,484 | $77,547 | $7,937 |
| 2017 | $2,364 | $83,808 | $76,026 | $7,782 |
| 2016 | $2,351 | $82,165 | $74,535 | $7,630 |
| 2015 | $2,576 | $80,931 | $73,415 | $7,516 |
| 2014 | $2,531 | $79,346 | $71,977 | $7,369 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/18/2025 08/18/25 | For Sale | $4,199,000 | 0.0% | $9,720 / Sq Ft |
| 04/09/2025 04/09/25 | Off Market | $4,125 | -- | -- |
| 02/09/2025 02/09/25 | For Rent | $4,125 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Lawyers Title | |
| Grant Deed | $2,100,000 | Lawyers Title | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,540,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP25186509
APN: 047-241-02
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
- 1113 W Balboa Blvd
- 1324 W Balboa Blvd
- 1340 W Bay Ave
- 920 W Balboa Blvd
- 1504 W Oceanfront Unit 5
- 1509 W Balboa Blvd
- 1510 W Oceanfront
- 825 W Bay Ave Unit B
- 812 W Bay Ave
- 808 W Balboa Blvd
- 103 Via San Remo
- 806 W Balboa Blvd
- 809 Via Lido Soud
- 105 Via Waziers
- 120 Via Trieste
- 706 W Oceanfront
- 600 Via Lido Nord
- 401 Piazza Lido
- 1825 W Balboa Blvd
- 339 Via Lido Soud
- 1228 W Oceanfront
- 1205 W Bay Ave
- 1034 W Balboa Blvd Unit B
- 1025 W Balboa Blvd
- 120 Via Trieste
- 780 Via Lido Soud
- 1707 W Balboa Blvd Unit A
- 806 W Balboa Blvd
- 800 W Oceanfront
- 129 Via Waziers
- 1720 W Oceanfront Unit B
- 210 Via Ithaca
- 211 19th St
- 2636 Bayshore Dr
- 106 Via Cordova
- 2401 Bayshore Dr
- 307 Anade Ave
- 2108 E Oceanfront
- 112 E Balboa Blvd Unit A
- 110 22nd St