First time on the market since sold by the original builder. Seize this once-in-a-lifetime chance to create the home of your dreams and embrace the extraordinary lifestyle that awaits you. This approximately 31-foot-wide lot on Balboa Peninsula offers a unique opportunity to create a custom residence on a parcel of approximately 3,152 square feet. Boasting three bedrooms and two bathrooms across an estimated 1,269 square feet of living space, the possibilities for this extraordinary property are truly limitless, providing ample room for your creativity to flourish. This one-of-a-kind offering also features a fireplace-warmed living room and two-car detached garage. Located in an unbeatable area, the residence is situated close to excellent schools, golf courses, boutiques, restaurants, and Fashion Island.
Sold for $2,249,000
Listed by: Coldwell Banker Realty • Tim Smith • Contact: 949-478-2295
Bought with: Coldwell Banker Realty
$2,249,000
1005 W Balboa Blvd, Newport Beach, CA 92661
3beds
1,269sqft
Single Family Residence
Built in 1924
3,152 Square Feet Lot
$3,951,700 Zestimate®
$1,772/sqft
$7,622 Estimated rent
Home value
$3,951,700
$3.28M - $4.82M
$7,622/mo
Zestimate® history
Owner options
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$14,116/mo
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Golf coursesClose to excellent schools
Zillow last checked:
Listing updated:
Listed by:
Tim Smith DRE #01346878 949-478-2295,
Coldwell Banker Realty,
Listing Team: Tim Smith Group
Bought with:
Tim Smith, DRE #01346878
Coldwell Banker Realty
Source: CRMLS,MLS#: NP23162297
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Bedroom, Kitchen, Living Room
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Separate Shower, Tub Shower
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: Inside
Features
- Bedroom on Main Level
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,269 sqft
Property
Parking
- Total spaces: 2
- Parking features: Direct Access, Door-Single, Garage, Garage Faces Rear
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
- Waterfront features: Ocean Side Of Freeway, Ocean Side Of Highway
Lot
- Size: 3,152 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 04725212
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
- Subdivision: Balboa Peninsula (Residential) (Balp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,772/sqft
- Tax assessed value: $2,293,980
- Annual tax amount: $24,440
- Date on market: 9/1/2023
- Cumulative days on market: 5 days
- Listing terms: Cash to New Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2023 | Sold | $2,249,000$1,772/sqft |
Source:  CRMLS #NP23162297 Report a problem | ||
| 9/6/2023 | Contingent | $2,249,000$1,772/sqft |
Source: CRMLS #NP23162297 Report a problem | ||
| 9/2/2023 | Listed for sale | $2,249,000$1,772/sqft |
Source: CRMLS #NP23162297 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $24,440 -0.7% | $2,293,980 +2% |
| 2024 | $24,606 +886.9% | $2,249,000 +1904.2% |
| 2023 | $2,493 +5% | $112,212 +2% |
| 2022 | $2,375 -9.8% | $110,012 +2% |
| 2021 | $2,632 -0.6% | $107,855 +1% |
| 2020 | $2,649 | $106,750 +2% |
| 2019 | $2,649 +3.5% | $104,657 +2% |
| 2018 | $2,558 -3.8% | $102,605 +2% |
| 2017 | $2,660 | $100,594 +2% |
| 2016 | $2,660 +2% | $98,622 +1.5% |
| 2015 | $2,608 -5.9% | $97,141 +2% |
| 2014 | $2,772 | $95,239 +0.5% |
| 2013 | -- | $94,809 +2% |
| 2012 | -- | $92,950 +2% |
| 2011 | -- | $91,128 +0.8% |
| 2010 | -- | $90,447 -0.2% |
| 2009 | -- | $90,663 +2% |
| 2008 | -- | $88,886 +2% |
| 2007 | -- | $87,144 +2% |
| 2006 | -- | $85,436 +2% |
| 2005 | -- | $83,761 +2% |
| 2004 | -- | $82,119 +1.9% |
| 2003 | -- | $80,614 +2% |
| 2002 | -- | $79,034 +2% |
| 2001 | $880 +2.5% | $77,485 +2% |
| 2000 | $858 | $75,966 |
Find assessor info on the county website
Neighborhood: 92661
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Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 0.3 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 1 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$3,951,700
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Estimated market value
$3,951,700
- California
- Orange County
- Newport Beach
- 92661
- 1005 W Balboa Blvd
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