$7,995,000

An exceptional opportunity to acquire a premier bayfront property on Newport Beach’s coveted Balboa Peninsula, just a short stroll from the heart of Balboa Village. Situated directly on the bay, this 3,825-square-foot parcel features approximately 45 feet of frontage, offering an impressive footprint and tremendous potential in one of Southern California’s most desirable waterfront locations. 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,