101 15th Street

Newport Beach, 92663

$12,500,000

For Sale
5,000   Lot Size
MLS #: LG16082011
Type: Single Family
Ocean View: No
Bay View: No
Mountain View: No

Truly a piece of historic “Old Balboa”, the Stuft Surfer Cafe, and its adjoining properties, present an extraordinary opportunity to own an oceanfront landmark on the Balboa Peninsula. With its long-standing history of serving the best breakfast burrito in town, this “toes-in-the-sand” establishment continues to be a favorite with locals and tourists alike.The property being offered consists of the corner restaurant, the adjacent retail surf shop, the oceanfront duplex (1504 W. Oceanfront), and an adjoining garage area. One hundred feet of ocean frontage and panoramic views in every direction. Currently being re-developed, permits are in place for the addition of a spacious three bedroom, three bath unit located above 101 and 103 15th Street, to include an expansive rooftop deck with spa, fireplace and barbecue area. Also included under permit is the construction of two garages, two carports, and a one bedroom, one bath unit with deck. Purchase the property prior to completion and customize to suit your needs. Upon completion build out of property to total approximately 7500sf for the residential and commercial space combined. Parcel is 5000sf with MU-CV zoning. Let your imagination flow as the possibilities for this remarkable property are endless!

Listed by John Stanaland of HOM Sotheby's International Re

HÔM Research: Newport Beach

A detailed analysis and perspective of the marketplace

Average List Price       Average Sale Price

Contacts

Tara Shapiro

tshapiro@homgroup.com
T. 949.478.7781
F. 949.478.7781
M. 949.478.7781
CA BRE No. 01892201