1201 W Bay Ave, Newport Beach

$3,000,000

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2 Beds
2 Baths
962 Sqft
.08 Acre
2 Garages

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.

Essential Information

MLS® #
OC24044701
Price
$3,000,000
Bedrooms
2
Bathrooms
2.00
Full Baths
2
Square Footage
962
Acres
0.08
Year Built
1947
Type
Residential
Sub-Type
Single Family Residence
Status
Pending

Community Information

Address
1201 W Bay Ave
Area
NP - Balboa Peninsula
City
Newport Beach
County
Orange
Zip Code
92661

Subdivision

Balboa Peninsula (Residential) (BALP)

Amenities

Parking Spaces
2
Parking
Garage
# of Garages
2
Garages
Garage
Pool
None

View

Bay, Neighborhood, Ocean, Water

Interior

Interior Features
Bedroom on Main Level
Cooling
None
Fireplace
Yes
Fireplaces
Living Room
# of Stories
2
Stories
Two

Exterior

Lot Description
Lawn, Rectangular Lot

School Information

District
Newport Mesa Unified

Additional Information

Date Listed
February 26th, 2024
Zoning
SFR

Listing Details

Agent
Maria Xanthakis
Co-Agent
Sandra Tanner(02000970)
Office
Seven Gables Real Estate
Property History
Status Changed from Active Under Contract to Pending
Status Changed from Active to Active Under Contract

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 3:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.