300 302 South Bayfront, Newport Beach, CA 92662

Property Description

Reduced $1,000,000.00! RARE OPPORTUNITY ON THE SOUTH BAYFRONT OF BALBOA ISLAND! Imagine, twice the home on the fabulous Newport Beach Harbor! Walk out your front door and experience the sun, the fresh air, the calmness and the beauty of the bay! Side by side South Bayfront, Balboa Island lots available on a CORNER! Wonderful location near the west end of South Bayfront. Never ending views of the harbor! Build your dream home! This is an opportunity of a lifetime! Existing structures will provide 3 incomes while you walk through the process of combining these two wonderfully located properties. Create your waterfront legacy! This listing is for both 300 South Bayfront and 302 South Bayfront combined! 300 South Bayfront is a single family home with 2 family rooms, one up and one down, 3 bedrooms, 5 baths and 2 car garage. The lot size is 2,640 sq ft. The sq ft of the existing structure is 2,429 sq ft and it was built in 1991. The property at 302 South Bayfront, the lower unit, is a 3 bedroom 2 bath and 1 carport with an electric car charger. The lot size is 2,553 sq ft. The existing structure, a duplex, was built in 1968. The upper unit has 4 bedrooms, 3 baths and 1 carport. Together the lots combined come to 5,193 sq ft and would create approximately 60 feet of south bay frontage. The undergrounding of the utilities is almost complete! No utility poles or wires in your rooftop deck view! From the sea to the mountains! Both properties have electric car charging stations installed. The duplex only on the lower unit. This fact is less important if you plan to tear down and build a single family with the required ADUs. The income on this property will go a long way in helping you get through the City of Newport Beach, the Coastal Commission and designing phase of your new home. At this point in time, the Sellers are not interested in selling the houses separately. This is a listing for two properties being sold together. (buyer to verify the information in this listing) All measurements are approximate and suggestions to build are to be verified by the City of Newport Beach, Coastal Commission and Architect as to the potential of what is allowed.