1002 E Balboa Boulevard
Newport Beach, CA 92661
$7,995,000
- 4 beds
- 4 baths
- 2,987 sq ft
- 0.09 acres
- Built 1928
Listed by Balboa Realty · MLS #NP26239064
Listing status & updates
- MLS last changed
- Not supplied by this listing source
- Availability last checked
- No per-listing check is recorded
Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status
Interested in this property?
Team ERA is here to help. Tell us what you’re looking for, and we’ll connect you with a local ERA professional.
Contact the property team
PROPERTY QUESTIONS & SHOWINGS
Ask about this property.
1002 E Balboa Boulevard, Newport Beach, CA 92661 · MLS #NP26239064
A FEW THINGS TO NOTICE
What stands out.
Year built
Built in 1928.
Garage parking
2 garage spaces listed.
Property size
0.09 acres listed.
Highlights from the listing description and property details. Confirm features with the listing agent.
THE PROPERTY
Get to know the property.
The existing single-family residence features 4 bedrooms, 3.5 bathrooms, and approximately 2,987 square feet of living space. The home was lifted and substantially rebuilt in 1995, providing an opportunity for a buyer to enjoy the existing residence while updating and modernizing the property to suit their personal vision. For those seeking a larger-scale project, the property also presents an exciting redevelopment opportunity. According to information provided by the City of Newport Beach, the site may accommodate a newly constructed residence exceeding 5,000 square feet of interior living space. Additionally, there may be an opportunity to construct a private dock, further enhancing its appeal as a premier waterfront estate.
The location is truly exceptional, with the bay at your doorstep and the Pacific Ocean just blocks away. Balboa Village’s renowned restaurants, boutique shops, and iconic boardwalk are all within easy walking distance, along with the Balboa Island Ferry, Balboa Fun Zone, and some of Newport Beach’s most celebrated beaches.
With limited opportunities for bayfront ownership and continued demand for luxury waterfront residences, this property offers exceptional flexibility for builders, developers, and discerning end users alike. Whether upgrading the existing residence, undertaking a thoughtful renovation, or pursuing a custom-built waterfront estate, the possibilities are compelling.
Buyer to independently verify all aspects of the property, including existing improvements, potential buildable square footage, development feasibility, dock construction, zoning, setbacks, and all required permits and approvals with the City of Newport Beach and other applicable governmental agencies. All development potential is subject to buyer investigation and approval.
THE NEIGHBORHOOD
Explore the location.
1002 E Balboa Boulevard, Newport Beach, CA 92661
Loading property map…
Map position comes from the listing source. Open directions in Google Maps
LOCAL MARKET CONTEXT
Orange County housing market
See the broader conditions surrounding this property through ERA Brokers Consolidated research.
These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.
THE DETAILS
The details, all in one place.
- Property type
- Residential
- Category
- Residential
- Year built
- 1928
- Full baths
- 3
- Half baths
- 1
- Garage spaces
- 2
- Cooling
- None
- Heating
- WallFurnace
- Appliances
- ElectricOven,ElectricRange
- Flooring
- Carpet,Vinyl
- Utilities
- ElectricityAvailable,NaturalGasAvailable,SewerAvailable,WaterAvailable
- Accessibility
- Parking
- Pool
- No
- Pool features
- None
- Spa
- No
- Subdivision
- Balboa Peninsula (Residential) (BALP)
- Parcel
- 04814204
- Elementary school
- Newport
- Middle school
- Ensign
- High school
- Newport Harbor
Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.
Investor outlook Rental potential, ownership costs and property management
OWNERSHIP, WITH A PLAN
Investor outlook.
Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.
ERA PROPERTY MANAGEMENT
A team for what comes next.
Put your investment outlook into practice. Team ERA can help you confirm local rental potential and plan for the day-to-day of ownership.
Understand the opportunity.
Review rental pricing, property condition and your ownership goals with a local professional.
Make a strong first impression.
Bring together property preparation, professional marketing and applicant screening.
Stay connected to your investment.
Get support with rent collection, resident communication, maintenance coordination and owner reporting.
LOCAL PEOPLE. SHARED COMMITMENT.
A team behind your next step.
From your first question to the everyday work of ownership, a conversation with the right person makes a difference.
Meet ERA Property ManagementResidential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.
More in Newport Beach.
$3,495,000
$850,000
$2,495,000Listing information
MLS #NP26239064 · California Regional MLS
Listing brokerage: Balboa Realty
Listing agent: Arthur Dorr
Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.
