$4,199,000

Estimated payment $24,420/month

Total Views 294
2 Beds
1 Bath
432 Sq Ft
$9,720 Price per Sq Ft

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

Darwin Pearson

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

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,628

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04724102
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 432.00 Square Feet
  • Stories: 1
  • Entry Location: Front and Rear
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 9719.91
  • Room Type: All Bedrooms Down
  • Bathroom Features: Shower, Exhaust Fan(s)

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Front Porch
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site
  • Total Parking Spaces: 1.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater, Range Hood, Refrigerator, Vented Exhaust Fan
  • Heating Type: Baseboard
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Fishing, Hiking, Park, Watersports, Preserve/Public Land, Sidewalks, Storm Drains, Street Lights

Schools

  • School District: Newport Mesa Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street, Level, Near Public Transit, Park Nearby, Yard
  • Lot Size Sq Ft: 3184.00
  • Lot Size Acres: 0.0731

Multi Family

  • Lease Considered: No
  • Lot Size Area: 3184.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 12
  • Tax Census Tract: 628.00
  • Tax Lot: 13
  • Tax Tract Number: 234
  • TaxOtherAnnualAssessmentAmount: 944.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Lawyers Title
Grant Deed $2,100,000 Lawyers Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,540,000 New Conventional
Previous Owner $0 New Conventional
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25186509

California Regional Multiple Listing Service (CRMLS)

APN: 047-241-02