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$6,650,000

Est. payment - /mo

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2 BD

2 BA

2,400 Sqft Lot

New

1309 E Balboa BLVD Newport Beach, CA 92661

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/31/2024 03:59 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID NP24222779

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1916

Lot Size 2,400 Sqft

Property Description

Located a few doors beyond the last turnout on the boardwalk, and in the Peninsula Point neighborhood, this oceanfront cottage is coming to the market for the first time in several decades. This incredibly desirable location opens to one of the widest and least traveled of all Newport beaches. Great for swimming, sunning, long walks, and relaxing away from the masses, owners here live a privileged life at the shore. The views from this property are scintillating and include panoramas of the beaches looking west to Catalina Island and beyond. Dreamlike, colorful sunsets are ever-present. This location is also steps to the bay, the Wedge, and all of the amenities of the central and east peninsula. The original peninsula cottage here was first built circa 1915. This existing New England style cottage is an ideal candidate for a full-scale restoration. Alternatively, one can build a new home here that takes full advantage of the oversized lot, sizable oceanfront terrace, and gently sloping topography which enables a larger and more favorable building envelope than other Newport Beach oceanfront parcels. Cherished as a seaside escape by the same family since the 1970's, it is time for this property to find new owners to enjoy it for many decades to come.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Main Level Bedrooms 1

Ensuite Laundry Inside

Interior

Interior Features Bedroom on Main Level

Laundry Location Inside

Cooling Central Air

Flooring Carpet, Tile

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Cooktop, Gas Oven, Refrigerator

Laundry Inside

Exterior

Garage Driveway, Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Biking, Curbs, Street Lights, Suburban, Sidewalks

Waterfront Description Beach Access,Beach Front,Ocean Access,Ocean Front

View Y/N Yes

View Ocean, Water

Parking Type Driveway, Garage

Attached Garage No

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type House

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

Elementary Schools Newport

Middle Schools Ensign

High Schools Newport Harbor

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 04816405

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Robert Giem • Compass • 949-933-7046

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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