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

$3,220,000

Est. payment /mo

$3,000,000

7.3%
Est.Price: ?

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1201 W Bay Ave Newport Beach, CA 92661

2 Beds

2 Baths

3,502 Sqft Lot

SOLD DATE : 05/10/2024

Key Details

Sold Price $3,220,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID OC24044701

Sold Date 05/10/24

Bedrooms 2

Full Baths 2

Construction Status Fixer

HOA Y/N No

Year Built 1947

Lot Size 3,502 Sqft

Lot Dimensions Assessor

Property Description

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.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Zoning SFR

Rooms

Main Level Bedrooms 1

Ensuite Laundry In Garage

Interior

Interior Features Bedroom on Main Level

Laundry Location In Garage

Cooling None

Fireplaces Type Living Room

Fireplace Yes

Laundry In Garage

Exterior

Garage Garage

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs

View Y/N Yes

View Bay, Neighborhood, Ocean, Water

Parking Type Garage

Attached Garage Yes

Total Parking Spaces 2

Private Pool No

Building

Lot Description Lawn, Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Fixer

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 04723410

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash to Loan

Special Listing Condition Standard, Trust

Lease Land No

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California Regional MLS (CRMLS)
Listed by Maria Xanthakis • Seven Gables Real Estate • 714-785-8914
Bought with Sandra Tanner • Seven Gables Real Estate

Alexander Duarte

CEO | i01970077

+1(714) 376-9253

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