1305 E Balboa Boulevard, Newport Beach, California 92661, Newport Beach, 92661 - 3 bed, 4 bath

1305 E Balboa Boulevard, Newport Beach, California 92661 home-pic-0
ACTIVE$7,980,000
1305 E Balboa Boulevard, Newport Beach, California 92661
3Beds
4Baths
2,634Sqft
2,400Lot

Price Vs. Estimate

The estimated value ($6,183,253.04) is $1,796,746.96 (22%) lower than the list price ($7,980,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2400, living area = 2634.

Compared to the nearby listings

Price:$7.98M vs avg $4.22M (+$3,755,000)77%
Size:2,634 sqft vs avg 2,046 sqft69%
Price/sqft:$3.0K vs avg $2.8K58%

More Insights

Built in 1930 (95 years old).
Condition: Despite being built in 1930, this property has undergone extensive and recent upgrades, including a new roof, new windows, a new heat pump and AC, fresh paint, and owned solar panels. The primary en-suite bathroom has been newly remodeled with modern finishes. The kitchen features stainless steel appliances and, while retaining charming hand-painted tiles and a Spanish aesthetic, is clean and well-maintained. The overall condition reflects a property that has been thoughtfully renovated to meet current quality standards while preserving its unique character, with all major systems being new or virtually new.
Year Built
1930
Close
-
List price
$7.98M
Original List price
$8.6M
Price/Sqft
$3,030
HOA
-
Days on market
-
Sold On
-
MLS number
OC25005205
Home ConditionExcellent
Features
Excellent View: Catalina, Ocean, Water
Deck
Patio
ViewCatalina, Ocean, Water

About this home

Perfectly positioned within the sought-after Alphabet Streets of Balboa Peninsula, this captivating oceanfront property embodies the essence of luxurious coastal living. With its prime location near the end of the boardwalk, it offers a serene and picturesque retreat with sweeping panoramic ocean views. Originally built in 1930, this stunning Spanish-style home has been thoughtfully and recently upgraded while retaining its original charm. Upgrades include a new roof, new windows, a new heat pump and AC, fresh exterior and interior paint, and owned solar panels. As you enter through a private patio, you're greeted by a cozy living room with tall ceilings adorned with exposed wooden beams, a fireplace, and breathtaking views of the dunes and ocean. The primary suite serves as a personal retreat, featuring a secluded sitting room, a newly remodeled en-suite bathroom, and a private balcony all with ocean views. Notable features include stainless steel appliances in the kitchen, hand-painted tiles, a two-car garage, and charming Spanish aesthetics throughout. Experience the epitome of coastal living with close proximity to world-class dining, shopping, the renowned Wedge surf spot, and John Wayne Airport. 1305 E Balboa is not just a residence; it's a lifestyle.

Nearby schools

9/10
Newport Elementary School
Public,PK-61.6mi
7/10
Horace Ensign Intermediate School
Public,7-81.9mi
7/10
Newport Harbor High School
Public,9-122.1mi
Condition Rating
Excellent

Despite being built in 1930, this property has undergone extensive and recent upgrades, including a new roof, new windows, a new heat pump and AC, fresh paint, and owned solar panels. The primary en-suite bathroom has been newly remodeled with modern finishes. The kitchen features stainless steel appliances and, while retaining charming hand-painted tiles and a Spanish aesthetic, is clean and well-maintained. The overall condition reflects a property that has been thoughtfully renovated to meet current quality standards while preserving its unique character, with all major systems being new or virtually new.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Oceanfront Location: Positioned directly on the sought-after Balboa Peninsula boardwalk, offering a serene retreat near the end of the boardwalk with excellent proximity to dining, shopping, and the renowned Wedge surf spot.
Panoramic Ocean Views: The property boasts sweeping panoramic ocean views from multiple vantage points, including the living room and the primary suite's private balcony, enhancing its luxurious coastal appeal.
Extensive Recent Upgrades & Energy Efficiency: Thoughtfully upgraded with a new roof, new windows, a new heat pump and AC, fresh paint, and owned solar panels, ensuring modern comfort, reduced maintenance, and energy savings.
Historic Charm with Modern Amenities: Retains its captivating original 1930 Spanish-style charm while integrating modern conveniences such as a newly remodeled en-suite bathroom and stainless steel kitchen appliances.
Desirable Architectural Features: Features include tall ceilings with exposed wooden beams, a cozy fireplace, hand-painted tiles, and a two-car garage, all contributing to its unique character and functionality.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2400, living area = 2634.
High Listing Price Relative to Estimated Value: The current list price of $7.98M is notably higher than the property's estimated value of $6.18M, which may present a challenge in attracting buyers at the current asking price.
Age of Original Construction: Despite recent upgrades, the property's original construction date of 1930 means the underlying structure is nearly a century old, potentially leading to unforeseen maintenance or limitations compared to newer builds.
Limited Lot Size: The 2400 sqft lot is relatively small for an oceanfront luxury property, which may limit extensive outdoor living space beyond the immediate patio area.

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