714-914-4996

1201 W Bay Ave ,
Newport Beach, CA 92661

$3,000,000

Receive $37,500 Commission Rebate, when you purchase this home with Jansen Team.

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Welcome to the epitome of prime real estate on Balboa Peninsula! Are you in search of the perfect location offering breathtaking bay views and endless possibilities? Look no further, as this property is a canvas awaiting your vision. Perched majestically, this parcel of land presents a rare opportunity to craft your dream estate. Imagine building your custom mega mansion, where every window frames panoramic vistas of both the serene ocean and the tranquil bay. With ample space and unparalleled views, the potential for luxury living knows no bounds. Alternatively, for those with an eye for preserving the charm of the past, the existing cottage provides a nostalgic backdrop ripe for renovation. Envision blending the nostalgia of the cottage with a stunning new home on the front lot, capitalizing on the spectacular bay views. It's a fusion of history and modernity, creating a timeless masterpiece. Feeling inspired by the allure of multiple dwellings? Consider the option to construct two beautiful condos, each offering captivating views of the bay and the ocean. With the possibility of adding an ADU (Accessory Dwelling Unit), this property offers flexibility and versatility to accommodate diverse living arrangements. The potential for this amazing piece of property is limited only by your imagination. Whether you aspire to create a sprawling estate, preserve the charm of yesteryears, or develop luxury condos, the canvas is yours to transform. Embrace the opportunity to shape your vision against the backdrop of unparalleled natural beauty. The possibilities are endless; the choice is yours to make.

Basic Information

MLS #:
OC24044701

Price:
$3,000,000

Price
(per sq ft):
$3,118.00

Address:
1201 W Bay Ave ,
Newport Beach, CA 92661

MLS Area:
NP - Balboa Peninsula

Subdivision:
Balboa Peninsula (Residential) (BALP)

Property
Type:
Single Family Residence

Days on Market:
0

Status:
Pending

Bedrooms:
2

Bathrooms:
2

Full Baths:
2

Size (sq ft):
962 sq ft

Lot Size:
3,501 sq ft

Year Built:
1947

Sale Type:
Standard,Trust

Rooms in Home

Rooms:
Living Room, Main Floor Bedroom

Eating Area:
In Living Room

Laundry:
In Garage

Entry Location:
up

Interior Features

Fireplace:
Living Room

Cooling:
None

Heating:

Floor:

Appliances:

Interior Features:

Security:

Accessibility:

Garage and Parking

Garage:
Attached

Garage:
2 Spaces

Carport:
0 Spaces

Parking:
Garage

Home Owners Association

HOA Dues 1:
$0.00 /

HOA Dues 2:
$

HOA Amenities: 

Utilities

Water:
Public

Utilities:

School Information

District:
Newport Mesa Unified

Elementary:

Middle:

High:

Exterior Features

Pool:
None

Spa:

Patio:

View:
Bay, Neighborhood, Ocean, See Remarks, Water

Construction:

Foundation:

Roof:

Windows:

Common Walls:
No Common Walls

Levels:
Two

Lot Features:
Lawn, Rectangular Lot

Additional Information

County:
Orange

Senior Community:
No

Community Features:
Curbs

Other Structures:

Structure Condition:
Fixer

Direction Faces:

Listed by:
Seven Gables Real Estate , Maria Xanthakis , 01322068

Co-Listed:
Seven Gables Real Estate , Sandra Tanner , 02000970

Last
Updated:
5/2/2024 11:43 AM

1201 W Bay Ave ,
Newport Beach, CA 92661