READY TO BUILD with APPROVED PLANS and a SHORT TERM RENTAL

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Home Sale Pending

422 E Bay Avenue

Newport Beach, California 92661

Orange County

Community: Balboa Peninsula (Residential) (BALP)

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$3,400,000 5 br, 6.0 bath 2683 sq. ft. 0.055 acres

READY TO BUILD with APPROVED PLANS and a SHORT TERM RENTAL PERMIT. This is your opportunity to build a custom home on the iconic Balboa Peninsula, just steps from the bay and a short walk to the beach, the Balboa Pier, Balboa Island Ferry, Fun Zone and the infamous Wedge. Plans for this 3-level home boast a pristine design with an open concept floor plan and an elevator to all three levels. The main level features a chef's kitchen with a large island and bar seating that opens to an airy and light-filled living area. Adjacent to the kitchen is an outdoor courtyard separated only by glass doors allowing the ultimate indoor/outdoor living with room for a fire pit, grill or seating for entertaining guests. On the second level, a sleek primary suite includes a luxurious spa bathroom with dual vanities, large soaking tub and oversized walk-in shower. The primary suite also features a private balcony and a spacious walk-in closet. There are three secondary bedrooms on the second floor and an additional bedroom with full bath on the third level. The magnificent 1,000+ sq. ft. rooftop terrace is truly an entertainer's dream with its multiple covered and uncovered lounging areas, and plans for an outdoor kitchen, fire pit and hot tub. The oversized 2-car garage will be outfitted with a charging port for an electric vehicle and there is ample room for storage cabinets and bikes. The highly sought after short term rental permit is transferred to the buyer with the sale of the property, which will significantly increase the property's rental income. This rare offering is a great opportunity for any discerning buyer or investor.

Interior:
  • Bedrooms: 5
  • Baths: 6.0
  • Sq Ft: 2683
  • Year Built: 2024
  • Utilities: 
  • Fireplaces: 
  • Stories: 3
  • Heat/AC: 
  • Garage: Garage, Oversized
Exterior:
  • Lot Size: 0.055 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: Fiber Cement
  • Roof: 
  • MLS #: NP24052384
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Contact Information:
Beach Home Sale Pending in Newport Beach, California
Listing Agent: Jodi DiTolla, DiTolla Real Estate, Inc., 949-228-7263, 949-228-7263 Listing Site, Listing Status: Pending
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 4714612
Viewed 30 times.
Updated: May 19, 2024

This property is a Home located at 422 E Bay Avenue, Newport Beach, California 92661, and is currently Sale Pending at $3,400,000. This Home has 5 bedrooms, 6.0 baths, 2683 sq ft.

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