Description
Lowest priced single family home on the peninsula! motivated seller open to all offers! ideally situated at the gateway to the balboa peninsula, this charming modern rustic home offers an exceptional opportunity to enjoy coastal living in one of southern california’s most desirable locations — with added upside for investors and developers. just one block from the beach and moments from the scenic newport harbor canals, this 3-bedroom, 2.5-bathroom property combines livability with outstanding potential. set on a 2,375 sq. ft. lot with r2 zoning, the home opens the door to a variety of value-add opportunities, including a custom remodel, luxury flip, or ground-up development of a duplex or two-unit investment property. with very high arvs (after repair values) for new or extensively renovated homes nearby, this property offers a compelling canvas for those looking to maximize roi in a prime coastal location. the home itself features a spacious front courtyard—perfect for entertaining or simply relaxing in the ocean air. a convenient outdoor half-bath, ideal for rinsing off after the beach or hosting guests, enhances the seamless indoor-outdoor lifestyle. inside, the home’s nearly 1,200 sq. ft. footprint is warm and inviting, with thoughtful details and a touch of rustic character. while the upstairs bathroom has been recently updated and the kitchen is outfitted with premium viking appliances, there’s also ample opportunity to add value through further updates or expansion. a two-car garage provides valuable off-street parking, and the location offers effortless access to the best of newport beach—including top-rated schools, fine dining, vibrant nightlife, and luxury shopping at nearby fashion island. outdoor enthusiasts will appreciate proximity to the wedge’s world-class surfing and crystal cove’s scenic hiking trails, while beach lovers can enjoy the sand and surf just steps away. whether you’re seeking a full-time residence, weekend retreat, or a project with serious upside, this newport beach gem offers a rare combination of location, lifestyle, and development potential — all while avoiding the congestion typically associated with deeper peninsula properties.
Property Type
ResidentialCounty
OrangeStyle
Cottage,ModernAD ID
49258273
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 3
Bathroom Information
- Total Baths: 3
- Full Baths: 2
- Half Baths: 1
Water/Sewer
- Sewer : Public Sewer
Interior Features
- Roof : Wood
- Exterior Property Features : Lighting
- Interior Features: Ceiling Fan(s),Granite Counters,All Bedrooms Up
- Property Appliances: Dishwasher,Freezer,Microwave
- Fireplace: None
Cooling Features
- Electric
- Air Conditioning
Heating Source
- Electric
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1945
- Roof: Wood
Exterior Features
- Lighting
Accessibility Features
- Safe Emergency Egress from Home
Pool Features
- None
Laundry Features
- Inside
Patio And Porch
- Brick,Deck,Front Porch,Open,Patio,Porch,Wood
Fencing
- Block
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.0545
- Lot Size Source: Assessor
- Lot Size Square Feet: 2375
-
Listing Information
Listing Price Information
- Original List Price: 2,794,999
- Listing Contract Date: 2024-03-11
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 42330803
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Garage
- Attached Garage: Yes
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: N8 - West Newport - Lido
- Postal Code Plus 4: 2903
- Directions: Balboa blvd to 39th st
- Source Property Type: Residential
- Area: N8 - West Newport - Lido
- Property SubType: Single Family Residence
Building and Construction
- Property Age: 80
- Common Walls: No Common Walls
- Structure Type: Single Family Residence
- Year Built Source: Public Records
- Total Square Feet Living: 1183
- Entry Level: 1
- Entry Location: Front Door
- Levels or Stories: Two
- Building Total Stories: 2
- Structure Type: House
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BuyOwner last updated this listing 06/12/2025 @ 06:29
- MLS: OC25072990
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 3 bedrooms which is for sale, it has 1,183 sqft, 2,375 sized lot, and 2 parking. are nearby neighborhoods.