$3,750,000

Ocean View Beach Cottage with Approved Plans for a Luxury Home on Balboa Peninsula Welcome to your dream property, just one row from the ocean with stunning views from the roof deck! This unique opportunity offers a charming beach cottage and a detached efficiency studio, perfect for immediate use… Read More or rental income. The property is located off a spacious 20-foot alley on a generous 31-foot wide by 102-foot-long lot, providing ample space and privacy. The beach cottage was completely remodeled in 2020, featuring new windows and a new roof, ensuring a comfortable and modern living experience. But the real gem of this property lies in its future potential. The owners have fully approved construction drawings from the City of Newport Beach, ready for a brand-new, 5 bedroom, three-story single-family dwelling. Imagine living in a luxurious new home designed with every modern convenience in mind. The new home design includes five spacious bedrooms, each with its own full bath, and two additional powder rooms for guests. The first floor Family/Game room with bedroom, full bathroom, laundry and kitchenette is designed (per current design code) to easily be converted to an ADU (after future City approval). It offers its own entry and patio, perfect for extended family or rental income if preferred. The home also features a stunning three-story glass elevator, making every level easily accessible. With a total of 3477sq. ft. in the main house including 533 sq. ft. in the Family/Game room area, there is plenty of room for everyone. The new construction will provide four off-street parking spaces, including an attached 2-car garage and a 2-car carport, ensuring ample parking for residents and guests. The second level boasts two decks, one with breathtaking ocean views, while the third level features an expansive 852 sq. ft. roof deck. This incredible outdoor space includes a powder room, appliances, BBQ, fire pit, and is designed for a hot tub, making it the perfect spot for entertaining or relaxing while enjoying the ocean views. The Peninsula is a scenic three-mile stretch with the harbor on one side and sandy beaches on the other. The area is primarily residential with some commercial areas, offering a mix of waterfront restaurants, local surf shops, and some of the best nightlife in Newport Beach. The permits are ready, and the property is set to move forward with construction. Read Less

Courtesy of Pacific OC Properties 949-631-9015

Listing Snapshot

Days Online

385

Last Updated

Sep 7, 2026

Property Type

Single Family Residence

Beds

Full Baths

Square Ft.

432

Lot Size

0.07 Acres

Year Built

1924

MLS Number

NP25186509MR

Additional Details

Community

Hiking, Curbs, Watersports, Biking, Fishing, Street Lights, Storm Drains, Preserve/Public Land, Sidewalks, Park

Appliances & Equipment

Range, Outside, Refrigerator, Vented Exhaust Fan

Building

432 sq ft, Built in 1924, Detached/No Common Walls

Cooling

None

Accessibility Features

None

Fireplaces

None

Garage

0 total garage spaces

Water Features

Water: Public

Heating

Baseboard

Home Owner's Association

Homeowner Dues: $0

Laundry

Outside

Lot

LotAcreage: 0, LotSizeArea: 3,184, Preserve/Public Land, Near Public Transit, Park Nearby

Parking

CarportSpacesTotal: 0, OpenOtherSpacesTotal: 1, TotalParking: 1

Pool

None

Property

EntryFloorNumber: 1, LandLeaseType: Fee, PropertySubType: Single Family Residence, ViewDescription: None

Sewer

Public Sewer

Utilities

Gas

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