34 Balboa Coves

Newport Beach, CA 92663

PRICE REDUCED

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-$500,000 (-5.57%)

$8,475,000

List Price

5

bed Beds

6

shower Baths

3,800 sqft

straighten / sqft

2000

calendar_month Built

Property Description

PRICE IMPROVEMENT! Welcome to this beautiful Mediterranean Villa on the bay, nestled in Balboa Coves. This jewel of a private gated community is a rarity that has ample parking and only 68 homes. When entering the house, it has a 20-foot rotunda ceiling with recessed lighting and a beautiful light fixture. The home features travertine tile flooring throughout. Upon entry, there is a bedroom to the right with an on-suite bathroom. On the left is a laundry room and guest bathroom. When walking down the hallway you’re looking across the bay at Newport Island. Next on the first floor comes the beautiful tranquil master bedroom with a fireplace, and a walk-in closet. The living room has an open concept with separate bar, kitchen, living and dining areas, as well as a half bath. The living room also features a fireplace and fully retractable sliding doors that open the entire side of the home to an expansive view of the bay, the main patio and a private beach. The kitchen is equipped with modern appliances and a walk-in pantry. The upstairs has 3 bedrooms and 2 baths (one of which is currently configured as an office). There is also a bonus/media/flex room with unobstructed balcony and bay views. The main level also features a private courtyard with a built in BBQ, waterfall and a large in-ground jacuzzi. There is a spacious 3 car garage with 3 doors and a Tesla 80 amp wall charger. The property also includes a deeded boat dock that will accommodate up to a 35-foot boat. Included in the sale price of the house is a 2003 Pro Cat 29-foot motor catamaran in excellent condition with two Yamaha 300 HP engines, that were purchased in 2023. This will give you the opportunity to cruse under the bridge to the open harbor to many bay-front restaurants. Nobu the famous Japanese Cuisine Restaurant, Rusty Pelican, Billy's, The Winery and Woody’s Wharf etc. A short bike ride to Lido Village, Lido Island and the ocean. Close proximity, to freeways and quick access to Orange County Airport. Just a short hop down Coast Highway to more great restaurants and the prominent Fashion Island Shopping Center. Hoag Hospital is just up the street. This is a great location that provides the opportunity to enjoy the beach life. There are seldom homes for sale in the community! *THE OWNERS WOULD PREFER TO SELL THE HOUSE FURNISHED!

Listing Information

List Price $8,475,000
Status Active
MLS NP24144348
HOA $246
Type Residential
Subtype Single Family Residence
Year Built 2000
Lot Size 5,750
Structure Size 3,800
DOM 77
Courtesy Of L. D. Schmitz Properties
Listing Agent Larry Schmitz DRE#00919049
Co-Listing Agent Jake Arnett DRE#01956815

Interior Features

Laundry Information
Location(s) Inside, Laundry Room
Total Bedroom
Bedrooms 5
Total Bathroom
Bathrooms 6
Flooring Information
Material Stone
Fireplace Information
Features Gas, Living Room, Primary Bedroom
Additional Information
Additional Features Breakfast Bar, Balcony, Central Vacuum, Coffered Ceiling(s), Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting, Storage, Smart Home, Bar, Bedroom on Main Level, Entrance Foyer, Jack and Jill Bath, Main Level Primary, Primary Suite, Walk-In Pantry, Walk-In Closet(s)
Cooling Type
Cooling Type Central Air, Electric, See Remarks, Whole House Fan

Exterior Information

Other Structures
Features Rear Porch, Covered, Open, Patio, Stone
View Yes

Maps

Listing information courtesy of: Larry Schmitz, Jake Arnett, L. D. Schmitz Properties . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 1st, 2024 at 11:28 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.