127 Pearl, Newport Beach, CA 92662

$4,295,000 Asking Price

3 beds
3 baths
2,752  sqft
Built in 1984

Discover coastal living at its finest in this beautiful Balboa Island home. Located just two blocks from the ferry on the sunny side of the street, this residence offers three spacious bedrooms, two and a half baths, and an additional loft. With abundant bright and open living spaces, the open floor plan includes a gourmet kitchen with stainless steel appliances, granite countertops, and a large island. The master suite features a private balcony, walk-in closet, and en-suite bathroom. The outdoor living spaces include a charming courtyard perfect for enjoying ocean breezes. The property comes with a short-term rental permit and boasts a strong rental history, making it a great investment opportunity. The one-and-a-half-car garage with an adjacent carport adds valuable storage and parking. Perfect for full-time living, a vacation getaway, or a turnkey rental, 127 Pearl Ave is a rare find in the heart of Balboa Island.

Features & Amenities

Interior

General:
Storage, Breakfast Bar, Stone Counters, Kitchen Island, Pantry
Appliances:
Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Trash Compactor, Tankless Water Heater
Laundry:
Inside, Upper Level
Flooring:
Carpet, Wood
A/C:
false, None
Heating:
true, Forced Air
Fireplace:
Living Room, Fireplace

Exterior

General:
Lighting, Other
Style:
Cape Cod
Pool:
None
Parking:
Attached, Garage Faces Rear

Construction

Windows:
Double Pane Windows, Skylight(s)
General:
2, Raised

Location

HOA Amenities:
0.0
School District:
Newport-Mesa Unified
County:
Orange

Lot

Zoning:
R-BI, 05004224
View:
Other

Utilities

Utilities:
Sewer Connected
Water:
Public
Sewer:
Public Sewer

This listing courtesy of:
Compass, Annie Clougherty

About Newport Beach, CA

Housing

Number of Units
32,933
Median Home Value
$1,108,062
Median Rent
$2,050

52.55% of housing units are renter occupied.

15.14% are vacant.

Commute

Car
52.33%
Public Transportation
0.19%
Walk to Work
1.03%
Work from Home
45.11%
Other
0.65%

The median travel time to work is 15 minutes.

People

Population
61,724
Median Age
46.20
Median Household Size
2.43

Education

High School
7.46%
Associate’s Degree
6.48%
Bachelor’s Degree
40.94%
Graduate Degree
26.28%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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