$6,650,000 Est. $24,487 / mo.*

1309 E Balboa Boulevard Newport Beach , CA 92661

Property listed by Compass, Robert Giem 949-933-7046

Description

2 Beds
2 Baths
1,316 Sqft
2,400 Sqft lot
0.06 Acre lot
Status: Active
Property Type: Single Family Residence
Year Built: 1916
Neighborhood: Balboa Peninsula (residential) (balp)
Days on Website: 60
Located a few doors beyond the last turnout on the boardwalk, and in the Peninsula Point neighborhood, this oceanfront cottage is coming to the market for the first time in several decades. This incredibly desirable location opens to one of the widest and least traveled of all Newport beaches. Great for swimming, sunning, long walks, and relaxing away from the masses, owners here live a privileged life at the shore. The views from this property are scintillating and include panoramas of the beaches looking west to Catalina Island and beyond. Dreamlike, colorful sunsets are ever-present. This location is also steps to the bay, the Wedge, and all of the amenities of the central and east peninsula. The original peninsula cottage here was first built circa 1915. This existing New England style cottage is an ideal candidate for a full-scale restoration. Alternatively, one can build a new home here that takes full advantage of the oversized lot, sizable oceanfront terrace, and gently sloping topography which enables a larger and more favorable building envelope than other Newport Beach oceanfront parcels. Cherished as a seaside escape by the same family since the 1970's, it is time for this property to find new owners to enjoy it for many decades to come.

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Haig Barsamian

877-522-7726 909-592-0123