Rare opportunity to acquire a single buildable lot in the prestigious community of Peninsula Point. Property is now improved with an aging garage and service building. Property is best suited to new construction of a single-family residence. Property is part of larger family estate being sold that includes the adjacent properties listed for sale (separately) at 1504 East Balboa Boulevard (mls U10001685), and the oversized 2.5 lot bayfront parcel at 1509 East Bay Avenue (mls U10001683). All properties can be purchased together to create a magnificent bayfront compound with main house, guest homes, service buildings, pool and pool garden, as well as multiple garages. Conceptual plans are available for review.