126 Abalone Avenue Newport Beach, CA 92662

Beautiful vintage home on exclusive little balboa island. Built in 1928 in the traditional newport style by a local sea captain. It has solid traditional construction with lath and plaster walls and oak floors throughout. Owner has plans for renovations including an additional bath upstairs and remodeling the kitchen. The house has a private front patio, one of the largest living rooms on the island and a corner location for more sunlight and privacy from neighbors. Above the two car garage is a one bedroom rental apartment. Because this house was built in 1928, it may be able to be listed in the california register of historical resources. The buyer may then be eligible for the mills act - a property tax incentive, as well as the rehabilitation tax credit for the preservation of historical structures.