$6,800,000
UNDER CONTRACT $2M PRICE DROP

Estimated payment $44,681/month

Total Views 9,353
6 Beds
2 Baths
2,516 Sq Ft
$2,703 Price per Sq Ft

Highlights

  • Ocean View
  • Property has ocean access
  • Property Fronts a Bay or Harbor
  • Newport Elementary School Rated A
  • Private Dock Site
  • 5-minute walk to Balboa Peninsula Park

About This Home

Panoramic views of Newport Harbor! Welcome to 1204 East Balboa, where coastal luxury meets unparalleled bayfront living. This 30’ wide property offers a unique opportunity to build a one-of-a-kind home with a breathtaking landscape, accessibility to the ocean, and an expansive lot; the possibilities for new construction are endless. Design your dream coastal retreat with the perfect blend of modern elegance and timeless charm. It features a double-sided private dock, ideal for boating enthusiasts and provides seamless access to the harbor and beyond. Conveniently located towards the end of the peninsula, enjoy dining and shopping, all just a short stroll or golf cart away. Don’t miss this opportunity to own a piece of coastal paradise with limitless potential.

Listing Agent

Daniel Morgan

Marterra Real Estate Brokerage Phone: 949-413-0912 License #01901285

Co-Listing Agent

Christine Morgan

Marterra Real Estate Brokerage Phone: 949-413-0912 License #01839037

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 5,227 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • No Common Walls
  • Rectangular Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Front Facing Garage

Property Views

  • Ocean
  • Bay
  • Harbor
  • Panoramic
  • City Lights

Home Design

  • Duplex
  • Fixer Upper
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2,516 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Eat-In Kitchen
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms | 3 Main Level Bedrooms
  • 2 Full Bathrooms
  • Walk-in Shower

Outdoor Features

  • Property has ocean access
  • Private Dock Site
  • Docks
  • Ocean Side of Freeway
  • Patio

Location

  • Across the Road from Lake or Ocean

Schools

  • Newport Elementary School
  • Horace Ensign Middle School
  • Newport Harbor High School

Listing and Financial Details

  • Legal Lot and Block 3 / 19
  • Tax Tract Number 105
  • Assessor Parcel Number 04816136
  • $528 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • Balboa Peninsula Subdivision

Recreation

  • Water Sports

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 04816136
  • Year Built: 1915
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: UnderContract

Interior Features

  • Fireplace: Yes
  • Living Area: 2516.00 Square Feet
  • Interior Amenities: 2 Staircases
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 6
  • Eating Area: Area, Family Kitchen, Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 2702.70
  • Room Type: Family Room, Kitchen, Primary Bathroom, Primary Bedroom
  • Bathroom Features: Shower

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Other Structures: Second Garage Attached
  • Exterior Features: Dock Private
  • View: Bay, City Lights, Harbor, Ocean, Panoramic, Water
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Front
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Watersports, Sidewalks

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport
  • Middle School: Horace Ensign
  • High School: Newport Harbor
  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Horace Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Lease Purchase: No
  • Lot Features: Level with Street, Rectangular Lot
  • Lot Size Sq Ft: 5227.00
  • Lot Size Acres: 0.1200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5227.0000 Square Feet
  • Number Of Units In Community: 1
  • Number Of Units Total: 2
  • Waterfront Features: Across the Road from Lake/Ocean, Bay Front, Includes Dock, Ocean Access, Ocean Side of Freeway

Tax Info

  • Tax Block: 19
  • Tax Census Tract: 628.00
  • Tax Lot: 3
  • Tax Tract Number: 105
  • TaxOtherAnnualAssessmentAmount: 528.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2025 02/11/25 Price Changed $6,800,000 -1.4% $2,703 / Sq Ft
02/11/2025 02/11/25 Price Changed $6,900,000 -8.0% $2,742 / Sq Ft
11/23/2024 11/23/24 Price Changed $7,500,000 -8.5% $2,981 / Sq Ft
09/11/2024 09/11/24 Price Changed $8,200,000 -7.9% $3,259 / Sq Ft
08/19/2024 08/19/24 For Sale $8,900,000 -- $3,537 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP24170668

California Regional Multiple Listing Service (CRMLS)

APN: 048-161-36