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Park Realty Group, Inc.
FOR SALE
$3,400,000

422 E Bay Avenue
Newport Beach, CA 92661

Single Family
Residential
5
Beds
6
Baths
2,683
Sq. Ft.
0.0551
Acre Lot
Listing Agent: Jodi DiTolla CalDRE: 01969994 - DiTolla Real Estate, 949-228-7263;
Home> California> Newport Beach> 92661
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 chefs 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 propertys rental income. This rare offering is a great opportunity for any discerning buyer or investor.
NP24034851
Residential - Single Family, Contemporary, Cape Cod, 3+ Story
5
6 Full
2024
Orange
0.0551 Acres
Public
3
Fiber cement
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Listing Agent: Jodi DiTolla CalDRE: 01969994 - DiTolla Real Estate, 949-228-7263;
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Based on information from CRISNet MLS as of 5/19/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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