$6,650,000
For Sale

1309 E Balboa Boulevard

Newport Beach, CA 92661
1316 sqft | 2 beds | 2 baths | 0.06 acres | #NP24222779
Listing OfficeCompass
Browse 46 photos
Type:Purchase
Structure:House
Zone:Residential

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.

  • Interior Details
      • InteriorBedroomOnMainLevel
    • Beds & Baths
      • Bedrooms2
      • Bathrooms2
      • Full Baths2
  • Property Details
      • Lot DescriptionZeroToOneUnitAcre
      • ViewOcean, Water
      • Stories2
    • Measurements
      • Acres0.0551
      • Square Feet1316
    • Parking
      • Parking Spaces2
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1916
  • Utilities / Energy Details
      • Sewer InformationPublicSewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionBalboa Peninsula (Residential) (BALP)
    • Location
      • School DistrictNewport Mesa Unified
      • High SchoolNewport Harbor
      • Elementary SchoolNewport
      • Middle SchoolEnsign
      • CountyOrange
  • Financial Details
      • Original List Price$6,650,000
  • Other
      • MLS #NP24222779

Location

Nancy C. TurnerReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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