$3,100,000
$3,400,000
8.8%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
6 Baths
2,683 SqFt
SOLD DATE : 07/01/2024
Key Details
Sold Price $3,100,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,683 sqft
Price per Sqft $1,155
Subdivision Balboa Peninsula (Residential) (Balp)
MLS Listing ID NP24034851
Sold Date 07/01/24
Bedrooms 5
Full Baths 6
HOA Y/N No
Year Built 2024
Lot Size 2,400 Sqft
Acres 0.0551
Property Description
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.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Rooms
Ensuite Laundry Inside, Laundry Room
Interior
Interior Features All Bedrooms Up, Jack and Jill Bath, Primary Suite, Walk-In Closet(s)
Laundry Location Inside,Laundry Room
Cooling Central Air
Fireplaces Type Great Room, Primary Bedroom
Fireplace Yes
Laundry Inside, Laundry Room
Exterior
Garage Door-Multi, Direct Access, Electric Vehicle Charging Station(s), Garage, Oversized, Garage Faces Rear
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Storm Drain(s), Street Lights, Sidewalks, Water Sports
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
View Y/N Yes
View Coastline
Porch Deck, Patio, Rooftop
Parking Type Door-Multi, Direct Access, Electric Vehicle Charging Station(s), Garage, Oversized, Garage Faces Rear
Attached Garage Yes
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Architectural Style Cape Cod, Contemporary
Level or Stories Three Or More
New Construction Yes
Schools
School District Newport Mesa Unified
Others
Senior Community No
Tax ID 04811113
Acceptable Financing Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Gabriel McKnight • KW The Lakes
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