1002 E Balboa Boulevard, Newport Beach, CA 92661

An exceptional opportunity to acquire a premier bayfront property on Newport Beach’s coveted Balboa Peninsula, just a short stroll from the heart of Balboa Village. Situated directly on the bay, this 3,825-square-foot parcel features approximately 45 feet of frontage, offering an impressive footprint and tremendous potential for a luxury custom residence in one of Southern California’s most desirable waterfront locations. The existing single-family residence features 4 bedrooms, 3.5 bathrooms, and approximately 2,987 square feet of living space. According to a City of Newport Beach, the site may accommodate a newly constructed residence exceeding 5,000 square feet of interior living space. Additionally, the property presents the potential opportunity to construct a private dock, further enhancing its appeal as a premier waterfront estate. The location is truly exceptional, with the bay at your doorstep and the Pacific Ocean just blocks away. Balboa Village’s renowned restaurants, boutique shops, and iconic boardwalk are all within easy walking distance, along with the Balboa Island Ferry, Balboa Fun Zone, and some of Newport Beach’s most celebrated beaches. With limited opportunities for new construction along the bayfront and continued demand for luxury waterfront residences, this property represents an outstanding opportunity for builders, developers, and discerning end users to create a truly remarkable Newport Beach estate. Buyer to independently verify all aspects of the property, including potential buildable square footage, development feasibility, dock construction, zoning, setbacks, and all required permits and approvals with the City of Newport Beach and other applicable governmental agencies. All development potential is subject to buyer investigation and approval.

Price

$7,995,000

Bedrooms

4

Bathrooms

4

Living Area

2,987 sq.ft.

Year Built

1928

Neighborhood

Balboa Peninsula (Residential)

Status

Active

Days on Market

2

MLS #

1194752371