The Cotton Estate on Peninsula Point
Adddress: 1509 East Bay Avenue, Newport Beach
Offering Price: $15,700,000
Agent: Kim Bibb, HÔM Real Estate Group
Contact Info: 949-554-1223; kbibb@homgroup.com
One of the great original bayfront properties in Peninsula Point, the Cotton estate includes two and one-half buildable lots (approximately 75 feet wide) on the harbor in this private and desirable location. This parcel is of an extraordinary depth and includes a private sandy bay front beach in front of the expansive buildable portion of the lot. The property also includes a private dock that can hold several boats. This waterfront parcel is a portion of a larger family estate being sold that includes the adjacent properties at 1504, 1506 and 1508 East Balboa Boulevard. All properties can be purchased together to create a magnificent bayfront compound in excess of one-half acre. The offering price for all parcels combined is $15,700,000. Conceptual plans are included for the development of all parcels into a magnificent Eastern Seaboard style residence with sparkling harbor views, a detached guest house, swimming pool with pavilion, palm-dotted gardens, service buildings and garages. This property is currently being offered as a lot.
