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Key Details
Sold Price $3,200,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,664 sqft
Price per Sqft $1,923
Subdivision Balboa Peninsula (Residential) (
MLS Listing ID PW25176224
Sold Date 10/14/25
Bedrooms 3
Full Baths 2
Year Built 1968
Lot Size 2,450 Sqft
Lot Dimensions 36x70
Property Sub-Type Detached
Property Description
Once-in-a-lifetime opportunity to own a 36x70 premium lot on the Newport Beach Peninsula. 1589 E Ocean Boulevard offers the chance to build your dream home in one of Southern Californias most iconic coastal communities. The existing single-family residence is a tear-down, and the true value lies in the land and location. Surrounded by multimillion-dollar estates and architecturally significant homes, this parcel is ideal for creating a custom residence that reflects the luxury and lifestyle of the neighborhood. Located just steps from the sand and surf, with ocean breezes and sunset views. Close to the Newport Pier, Lido Marina Village, and a variety of dining, shopping, recreation options, and close proximity to The Wedge, Newports legendary surf and skimboarding destination. Enjoy a lifestyle defined by beach mornings, bike rides, and relaxed coastal living. Generous lot dimensions offer excellent build potential. Zoned for single-family residential use, with utilities on site. Buyer to verify development options with the city. This is more than a lotits a rare chance to create something iconic in a community where opportunities like this are few and far between. Sold while processing paperwork.
Location
State CA
County Orange
Zoning R1
Direction PCH; HWY 1 to W Balboa Blvd, follow until E Balboa Blvd to I St; end of Peninsula...Ocean Blvd, second home from the corner
Interior
Interior Features Balcony, Sunken Living Room, Tile Counters
Heating Fireplace, Forced Air Unit
Flooring Carpet, Laminate, Tile
Fireplaces Type FP in Living Room, Gas
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator, Gas Oven, Gas Range
Exterior
Parking Features Direct Garage Access, Garage - Two Door
Garage Spaces 2.0
Fence Poor Condition, Wood
Utilities Available Electricity Connected, Phone Available, Sewer Connected, Water Connected
View Y/N Yes
Water Access Desc Public
View Ocean, Other/Remarks, Coastline
Roof Type Tile/Clay,Flat,Spanish Tile
Accessibility None
Total Parking Spaces 2
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Tax ID 04820241
Special Listing Condition Third Party Approval
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