1245 W Balboa Boulevard, Newport Beach, CA 92661
- 2 beds
- 1 bath
- 432 sq ft
- 3,184 sq ft lot
- Built 1924
The home
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 has 432 square feet of living space on a 3,184-square-foot lot 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.
Photographs
Photos of 1245 W Balboa Boulevard, Newport Beach
Specifications
Home Details
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
- Community Features
- Biking, Curbs, Fishing, Hiking, Preserve Public Land, Storm Drains, Street Lights, Sidewalks, Water Sports, Park
The record
Property History for 1245 W Balboa Boulevard
| Date | Event | Price | Note |
|---|---|---|---|
| May 19, 2026 | Price reduced | $3,750,000 | From $3,939,000 |
| Apr 19, 2026 | Price reduced | $3,939,000 | From $3,949,000 |
| Mar 28, 2026 | Price reduced | $3,949,000 | From $3,999,000 |
| Mar 16, 2026 | Price reduced | $3,999,000 | From $4,149,000 |
| Nov 12, 2025 | Price reduced | $4,149,000 | From $4,199,000 |
| Aug 18, 2025 | Listed for sale | $4,199,000 |
No prior MLS sales on record for this home since 2012.
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 1245 W Balboa Boulevard
We looked up this home's map point in public government maps. These facts are not part of the MLS listing.
Hazard zones
- Flood zone
Zone X, 0.2 percent annual chance flood hazard. Outside FEMA's Special Flood Hazard Area.
FEMA National Flood Hazard Layer, FIRM panel 06059C0381K effective March 21, 2019. Checked October 15, 2026.
- Fire hazard severity zone
Not in a fire hazard severity zone on the State Fire Marshal's map.
CAL FIRE, State Fire Marshal map for Local Responsibility Areas, March 24, 2025. Checked October 15, 2026.
- Earthquake fault zone
Outside the Alquist-Priolo Earthquake Fault Zones.
California Geological Survey, Earthquake Fault Zones map, Newport Beach quadrangle, released July 1, 1986. Checked October 15, 2026.
- Liquefaction zone
Inside a Seismic Hazard Zone for liquefaction.
California Geological Survey, Seismic Hazard Zones map, Newport Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Landslide zone
Outside the earthquake-induced landslide zones.
California Geological Survey, Seismic Hazard Zones map, Newport Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Tsunami hazard area
Inside the Tsunami Hazard Area on the State's evacuation planning map.
California Geological Survey and Cal OES, Tsunami Hazard Area map for Orange County (2021). Checked October 15, 2026.
Internet and charging
- Fixed internet
Fiber: AT&T, up to 5,000 Mbps, at 12 of 12 residential locations in this census block. Cable: Spectrum, up to 1,000 Mbps, at 12 of 12. Fixed wireless: Verizon, up to 300 Mbps, at 12 of 12.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590628002031, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 0.3 miles away (ChargePoint, 2 Level 2 ports). 151 public charging ports within 3 miles.
U.S. Department of Energy, Alternative Fuels Data Center. Straight-line distance. Checked October 15, 2026.
These facts are for the listing's map point, which can sit off the lot. A zone line can also cross a lot, and agencies revise their maps. In cities, the fire zone line follows the State Fire Marshal's 2025 map; each city adopts its own map and may add areas. These lines are not a Natural Hazard Disclosure. Check the official maps and the seller's disclosures before you rely on them. Sources for the earthquake zone lines: Reproduced with permission, California Geological Survey, Webservice of Official Maps of Alquist-Priolo Earthquake Fault Zones (2025). Reproduced with permission, California Geological Survey, Webservice of Official Maps of Seismic Hazard Zones (2025).
Official maps
Cost of ownership
Estimated monthly payment
7.18% · 30-yr fixed$
$28,738/mo
10% down · 30-year fixed · $375,000 down
Principal & interest$22,863
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
$24,792/mo
20% down · 30-year fixed · $750,000 down
Principal & interest$20,323
Property tax (est. 1.08%)$3,375
Home insurance (rough est., varies widely)$1,094
HOANot reported, not included
$22,252/mo
30% down · 30-year fixed · $1,125,000 down
Principal & interest$17,783
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 7.18% (week of Nov 5, 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.
Next steps
Buying 1245 W Balboa Boulevard
Want to see 1245 W Balboa Boulevard in person? We have guided buyers through the Newport Beach market since 1983. Call to arrange a private tour, or send a note and we'll follow up.
Selling near 1245 W Balboa Boulevard
Thinking of selling nearby? We bring current Newport Beach sales data and a clear pricing strategy to every listing, backed by more than 700 closed sales and over $1B in Orange County volume. Start with a free home valuation, or reach out to talk through your options.
The neighborhood
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
- Homes sold
- 462
- Median price
- $4,354,000
- Median days on market
- 22
- Median per sq ft
- $1,602
Recorded MLS closings of single-family homes, Nov 4, 2025 to Nov 4, 2026. Days on market run from listing to going under contract.
Price per square foot against recent Newport Beach sales
At $8,681 per square foot, this home's asking price is 442% above the Newport Beach median of $1,602 for single-family homes that closed in the past 12 months.
Recent Newport Beach sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 1000 Dover Drive | Nov 4, 2026 | $3,575,000 | 2,883 | $1,240 | 18 |
| 20141 Spruce | Nov 4, 2026 | $5,500,000 | 4,540 | $1,211 | 5 |
| 306 Alvarado Place | Nov 4, 2026 | $2,699,000 | 1,033 | $2,613 | 207 |
| 2012 Nautilus Lane | Nov 3, 2026 | $4,100,000 | 3,026 | $1,355 | 12 |
| 205 Via Lido Soud | Nov 3, 2026 | $9,646,120 | 3,282 | $2,939 | 73 |
Schools
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 school district as Newport Mesa Unified.
Living in Newport Beach covers its schools, parks and beaches.
Location
Location
Nearby listings
Similar Homes for Sale in Newport Beach
Nearby sales
Recently Sold Near 1245 W Balboa Boulevard
Just listed
Newest Newport Beach Homes for Sale
Explore
Explore Newport Beach Real Estate
See every home for sale in Newport Beach, or search the full Orange County MLS on our live homes search. Questions about 1245 W Balboa Boulevard? Talk to Realatrends.
- Newport Beach Homes for Sale
- Newport Beach 92661 Homes for Sale
- Newport Beach Single-Family Homes for Sale
- Newport Beach Single-Story Homes for Sale
- Corona del Mar
- Newport Coast
- Balboa Peninsula & Island
- Newport Beach Waterfront Homes
- Newport Beach vs Newport Coast
- Beaches in Newport Beach
- Newport Beach Schools
- Newport Beach Selling a Home in Newport Beach
- Newport Beach Buying a Home in Newport Beach
- Newport Beach Open Houses
- Orange County Real Estate
Explore Orange County
Browse Homes by City
Listing alerts
Be first to see new Newport Beach listings
What criteria are you looking for?
New Newport Beach homes by email, often before they reach the big portals.
You are all set.
Listed by Darwin Pearson of Pacific OC Properties
Listing information updated May 19, 2026 at 12:27 PM PT. Source: CRMLS.
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.