Shovel-ready 4-bedroom property for sale at Balboa Peninsula in Newport Beach

Good opportunities on the Newport Beach Peninsula tend to stand out for one reason or another. Some have the address but need time and planning. Others have a finished look but not much flexibility. This shovel-ready 4-bedroom property for sale at Balboa Peninsula in Newport Beach is different because a large part of the hard work has already been done. Set at 1589 E Ocean Blvd, this shovel-ready 4-bedroom property for sale in Newport Beach comes with approved plans for a custom 4-bedroom, 5-bathroom coastal home, giving the next owner a rare chance to move straight into the build stage rather than spend months working through the process first. That alone makes it appealing, but the location is what really gives it weight. Positioned on the Balboa Peninsula and just steps from the sand, the property sits in one of the most recognisable and sought-after parts of Newport Beach. Buyers looking for a home for sale in Newport Beach Peninsula are often drawn by the lifestyle first, the ease of being close to the beach, the feeling of being part of the coastline, and the balance between everyday living and weekend escape. This address brings all of that into play while also offering the chance to create something tailored and substantial. The lot measures 36 by 70, which gives a strong foundation for the approved design. The plans are in place for a three-storey coastal home with four bedrooms and five bathrooms, along with features that suit modern living on this stretch of the coast. There is an office or den included in the layout, which adds a practical element for buyers who want a workspace at home without giving up bedroom count. A direct-access garage is also part of the plan, something that always matters more in beachside locations where convenience and storage can quickly become a real priority. One of the most attractive parts of the design is the rooftop deck. In a coastal setting like this, outdoor space often ends up being just as important as the interior itself, and a rooftop level adds another dimension to the home. For buyers searching for a 4-bedroom home for sale in Newport Beach, details like that often make the difference between a house that works on paper and one that feels genuinely exciting to own. The inclusion of an elevator also gives the future home a more thoughtful edge. In a three-storey property, that kind of feature is not just a luxury. It changes how comfortably the house can be used over time and makes the layout easier for a wider range of buyers. That matters for anyone thinking beyond the immediate build and looking at long-term enjoyment and practicality as well. What strengthens the opportunity even further is the fact that the utilities and permits are already complete. That changes the conversation completely. Instead of buying into a long and uncertain early-stage process, the next owner can focus on execution. For anyone searching for a development opportunity in Newport Beach, or approved plans for a custom home on Balboa Peninsula, that kind of readiness is a major advantage. This is also the sort of property that suits different types of buyers. Some will see it as the chance to create a primary residence close to the coast. Others may view it as a second home in one of Southern California’s most established waterfront settings. Either way, the appeal comes from having a premium location and a clear path forward at the same time. For anyone looking for a property for sale in Newport Beach, a 4-bedroom coastal home opportunity on Balboa Peninsula, or a detached villa site near the sand with approved plans already in place, this is the kind of offering that does not come around often. You can discover listings like this on LuxuryProperty.com, a brokerage platform where owners and other companies list properties for sale and rent to connect with the right buyers and tenants.