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Lot For Sale
422 E Bay Avenue
Newport Beach, California 92661
Orange CountyCommunity: Balboa Peninsula (Residential) (BALP)
$3,400,000
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.
- Lot Size: 0.055 acre
- Lot Dimensions:
- View Types:
- MLS #: NP24054125
Ad Number: 4725336
Viewed 15 times.
Updated: Mar 18, 2024
This property is a Lot located at 422 E Bay Avenue, Newport Beach, California 92661, and is currently For Sale at $3,400,000.
Listing Agent: Jodi DiTolla, DiTolla Real Estate, Inc., 949-228-7263, 949-228-7263
Listing Site, Listing Status: Active
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