34 Balboa Coves, Newport Beach, CA 92663

$7,500,000 Asking Price

5 beds
6 baths
3,800  sqft
Built in 2000

PRICE REDUCTION! 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!

Features & Amenities

Interior

General:
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)
Appliances:
6 Burner Stove,Barbecue,Convection Oven,Dishwasher,Exhaust Fan,Freezer,Gas Cooktop,Disposal,Gas Range,Gas Water Heater,Ice Maker,Microwave,Refrigerator,Water Heater,Dryer,Washer
Laundry:
Inside,Laundry Room
Flooring:
Stone
A/C:
true, Central Air,Electric,See Remarks,Whole House Fan
Heating:
true, Forced Air,Fireplace(s),See Remarks
Fireplace:
Gas,Living Room,Primary Bedroom, Fireplace

Exterior

General:
Awning(s),Barbecue,Boat Slip,Lighting,Rain Gutters, Heated,In Ground,Private,See Remarks
Style:
Mediterranean
Pool:
None
Parking:
Controlled Entrance,Door-Multi,Direct Access,Driveway Level,Driveway,Electric Vehicle Charging Station(s),Garage Faces Front,Garage,Garage Door Opener,Guest,Gated,Paved,Private,See Remarks, Parking spaces: 3

Construction

Roofing:
Spanish Tile
Windows:
Blinds,Custom Covering(s),Double Pane Windows,Drapes,Insulated Windows
General:
Drywall,Glass,Plaster,Stone,Stucco,Copper Plumbing, 2, Slab

Location

Road/Access:
City Street,Private Road
HOA Amenities:
Controlled Access,Dock,Playground, 246.0, Monthly
Originating MLS:
CRMLS
School District:
Newport Mesa Unified
County:
Orange

Lot

Zoning:
42304112
View:
Bay,Courtyard,Water, View
Fencing:
Excellent Condition,Stucco Wall,Wrought Iron

Utilities

Utilities:
Cable Available,Cable Connected,Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Phone Available,Sewer Available,Sewer Connected,See Remarks,Underground Utilities,Water Available,Water Connected, 220 Volts in Garage,Standard
Water:
Public
Sewer:
Public Sewer

Financial

Source:
CRMLS
Exclusions:
Personal Items, Workout Equipment

This listing courtesy of:
L. D. Schmitz Properties, Larry Schmitz

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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