$3,750,000
4Beds6Baths4,509SqFt
2209 Cliff DriveNewport Beach, CA 92663Newport Heights
1245 W Balboa Boulevard, Newport Beach, CA 92661
$3,750,000
405 Days On Site
Est. $24,327/mo with 20% down, 30-year fixed
- Beds
- 2
- Baths
- 1
- Sq Ft
- 432
- Per Sq Ft
- $8,681
- Sq Ft Lot
- 3,184
- Built
- 1924
Call Clark Smith (949) 494-8830
About 1245 W Balboa Boulevard
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 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.
Property details for 1245 W Balboa Boulevard
This 2-bedroom, 1-bath single-family home sits in Newport Beach in Orange County. It offers 432 square feet of living space and is listed at $3,750,000, about $8,681 per square foot. The home was built in 1924. The MLS record lists the assessor parcel number as 047-241-02. Highlights include single-story living and a 3,184-square-foot lot. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.
Home Details
- Price
- $3,750,000
- Days On Site
- 405 Days
- Bedrooms
- 2
- Inside Area (SqFt)
- 432 sqft
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- N/A
- Lot Size
- 3,184 SqFt
- Year Built
- 1924
- MLS® Number
- NP25186509
- Status
- Active
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Assessor
General Features
- Property Type
- Single Family Residence
- MLS Number
- NP25186509
- Year Built
- 1924
- Living Area (sq ft)
- 432
- Living Area Source
- Assessor
- Lot Size (sq ft)
- 3,184
- Lot Size (acres)
- 0.0731
- Levels
- One
- Bedrooms
- 2
- Full Baths
- 1
- Parking Spaces
- 1
- View
- None
- Parcel Number
- 04724102
- On Market Date
- 2025-08-18
- Listing Terms
- Standard
Interior Features
- Interior Features
- All Bedrooms Down
- Appliances
- Gas Range, Gas Water Heater, Refrigerator, Range Hood, Vented Exhaust Fan
- Heating
- Baseboard
- Cooling
- None
- Fireplace
- None
- Laundry
- Outside
- Main Level Bedrooms
- 2
- Main Level Bathrooms
- 2
- Entry Level
- 1
- Common Walls
- No Common Walls
- Accessibility
- None
- Rooms
- Bedroom, Bathroom
Exterior Features
- Lot Features
- Front Yard, Level, Near Park, Near Public Transit, Street Level, Yard
- Patio and Porch
- Front Porch
- Parking
- On Site
- Pool Features
- None
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
- Units
- 1
Community Features
- Subdivision
- Other
- Community Features
- Biking, Curbs, Fishing, Hiking, Preserve Public Land, Storm Drains, Street Lights, Sidewalks, Water Sports, Park
Property History for 1245 W Balboa Boulevard
| Date | Event | Price | Note |
|---|---|---|---|
| Aug 18, 2025 | Listed for sale | $4,199,000 |
No prior MLS sales on record for this home since 2012.
About Newport Beach
Set along the Pacific in Orange County, Newport Beach surrounds Newport Harbor, where Balboa Island, Lido Isle, and the Balboa Peninsula frame one of California's largest recreational harbors. The city stretches from the Balboa and Newport piers to Corona del Mar and Fashion Island, within the Newport-Mesa Unified School District.
Newport Beach home sales, past 12 months
466Homes sold
$4,266,250Median price
23Median days on market
$1,611Median per sq ft
At $8,681 per square foot, this home's asking price is 439% above the Newport Beach median of $1,611 for single-family homes that closed in the past 12 months.
Recorded MLS closings of single-family homes, Sep 20, 2025 to Sep 20, 2026. Days on market run from listing to going under contract.
Recent Newport Beach sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 1730 E Ocean Boulevard | Sep 18, 2026 | $4,200,000 | 2,100 | $2,000 | 110 |
| 30 Long Bay | Sep 18, 2026 | $4,500,000 | 3,100 | $1,452 | 36 |
| 3618 Park Lane | Sep 18, 2026 | $4,300,000 | 1,913 | $2,248 | 2 |
| 416 Aliso Avenue | Sep 18, 2026 | $3,120,000 | 1,830 | $1,705 | 92 |
| 1842 Santiago | Sep 17, 2026 | $4,302,500 | 2,500 | $1,721 | 5 |
School District for 1245 W Balboa Boulevard
As listed in the MLS record. Confirm attendance boundaries with the school district.
The MLS record lists the Newport Mesa Unified.
Living in Newport Beach covers its schools, parks and beaches.
Estimated monthly payment
6.95% · 30-yr fixed$
$28,216/mo
10% down · 30-year fixed · $375,000 down
Principal & interest$22,341
Mortgage insurance (est., over 80% LTV)$1,406
Property tax (est. 1.08%)$3,375
Home insurance (rough est., varies widely)$1,094
HOANot reported, not included
$24,327/mo
20% down · 30-year fixed · $750,000 down
Principal & interest$19,858
Property tax (est. 1.08%)$3,375
Home insurance (rough est., varies widely)$1,094
HOANot reported, not included
$21,845/mo
30% down · 30-year fixed · $1,125,000 down
Principal & interest$17,376
Property tax (est. 1.08%)$3,375
Home insurance (rough est., varies widely)$1,094
HOANot reported, not included
Estimated carrying cost
$4,469/mo
All cash · taxes and insurance only
Principal & interestNone (cash purchase)
Property tax (est. 1.08%)$3,375
Home insurance (rough est., varies widely)$1,094
HOANot reported, not included
Estimate only, not a loan offer or quote. Principal and interest use the Freddie Mac 30-year fixed average of 6.95% (week of Sep 17, 2026); your rate will differ. A loan this size is typically a jumbo loan, which prices differently. Tax and insurance are modelled, not billed amounts; tax uses a typical Newport Beach rate, excluding Mello-Roos. Verify all figures. Full assumptions and disclosures.
Buying 1245 W Balboa Boulevard
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Location
Photos of 1245 W Balboa Boulevard, Newport Beach
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Listed by Darwin Pearson of Pacific OC Properties
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. The 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, the 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.
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