Under Contract
422 E Bay Avenue
Newport Beach CA, 92661
$3,400,000
$1,415.49 per sqft
Under Contract
0.06 Acres
Land
Listed by Jodi DiTolla with DiTolla Real Estate 949-228-7263
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.
NP24054125
MLSⓇ ID
March 18, 2024
Listed
April 30, 2024
Updated
Map
422 E Bay Avenue
Newport Beach CA, 92661
Exterior/Building Features
Lot Size
0.06 Acres
Lot Features
0-1 Unit/Acre
Sewer
Public Sewer
Other Property Details
Area Name
NP - Balboa Peninsula
Days on Market
42
Garage
No
View
No
View Description
None
County
Orange
Water Source
Public
Pool
No
Zoning
SFR
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
4/29/2024 | Under Contract | — |
Listing Contact: 949-228-7263
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 4/30/2024 at 12:10 AM UTC