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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$8,495,000

Est. payment - /mo

4 Beds

3 Baths

2,053 SqFt

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Sun Sep 07, 1:00pm - 4:00pm

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,053 sqft

Price per Sqft $4,137

Subdivision Balboa Peninsula (Residential) (Balp)

MLS Listing ID LG25193348

Bedrooms 4

Full Baths 2

Half Baths 1

Construction Status Fixer

HOA Y/N No

Year Built 1952

Lot Size 3,776 Sqft

Property Sub-Type Single Family Residence

Property Description

An extraordinary opportunity awaits on the iconic Balboa Peninsula, Newport Beach's original waterfront neighborhood. Built in the 1950s, this bayfront property offers either a complete remodel or the chance to design and build a dream residence from the ground up. Set on a 35' x 109' parcel with 35 feet of waterfrontage, the property features a private pier and dock accommodating vessels up to 55 feet—a true rarity in today's market. From this vantage point, enjoy sweeping views of Newport Harbor, the West Lido Channel, mountain silhouettes, and the sparkling city lights of Fashion Island. The backdrop is as dynamic as the lifestyle it promises. Here, land and sea come together seamlessly. Swim, sail, paddleboard, or cruise directly from your dock. Wake up to the energy of the harbor with morning crew workouts gliding across the bay, then head across the peninsula to the white sandy beaches of Balboa. The home sits conveniently between the Balboa Pier and Newport Pier, placing you in the heart of the action. Join the locals for daily runs, bike rides, or walks along the world-famous Boardwalk, where the ocean breeze and beach energy create a lifestyle unlike anywhere else. The location places you at the center of it all. A quick Duffy ride takes you to the boutique charm of Lido Village, with its waterfront dining, chic cafés, and luxury shops. Minutes away, enjoy world-class shopping at Fashion Island, effortless access to John Wayne Airport, and the vibrant nightlife of coastal Orange County. This is more than a property—it's a lifestyle. From quiet mornings with coffee as the harbor stirs awake, to afternoons on the sand, to evenings entertaining as sailboats drift by, 1340 W. Bay Avenue delivers a rare chance to create a generational home in one of Newport Beach's most coveted settings. This site allows for new construction of a home approximately 3,650–3,750 square feet in size, with a maximum height of 29 feet across three stories.

Location

State CA

County Orange

Area Np - Balboa Peninsula

Rooms

Other Rooms Guest House Detached

Main Level Bedrooms 1

Interior

Interior Features Balcony, Laminate Counters, All Bedrooms Up

Heating Central

Cooling None

Flooring See Remarks

Fireplaces Type Living Room

Fireplace Yes

Appliance Dishwasher, Free-Standing Range, Disposal, Gas Oven, Microwave

Laundry Washer Hookup

Exterior

Exterior Feature Boat Slip, Dock

Parking Features Door-Single, Garage Faces Front, Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Brick, Vinyl

Pool None

Community Features Biking, Fishing, Storm Drain(s), Street Lights, Sidewalks, Water Sports

Utilities Available Cable Available, Electricity Connected

Waterfront Description Bayfront,Dock Access,Seawall

View Y/N Yes

View Bay, City Lights, Coastline, Harbor, Marina, Ocean, Pier, Water

Roof Type Composition

Porch Patio

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type House

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories Two

Additional Building Guest House Detached

New Construction No

Construction Status Fixer

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 04723103

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://vimeo.com/1113644927?share=copy

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Listed by Steve High Pacific Sotheby’s International Realty 949-874-4724

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1340 W Bay AVE Newport Beach, CA 92661