$3,220,000
$3,000,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
1201 W Bay Ave Newport Beach, CA 92661
2 Beds
2 Baths
3,502 Sqft Lot
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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Bought with Sandra Tanner • Seven Gables Real Estate