1516 E Oceanfront, Newport Beach, CA 92661
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1516 E Oceanfront Newport Beach, CA 92661

$19,750
  • 5 Beds
  • 4 Baths
  • 3,083 Sq.Ft.
For Lease
$19,750 Get Pre-Qualified

Map preview of 1516 E Oceanfront, Newport Beach, CA 92661

Property Overview: 1516 E Oceanfront Newport Beach, CA has 5 bedrooms, 4 bathrooms, 3,083 living square feet and 3,720 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Brimming with character and timeless Eastern Seaboard-style, this classic oceanfront home situated in the appealing Balboa Peninsula Point neighborhood of Newport Beach bespeaks everlasting coastal charm. Loving maintained, this traditional beach home is highlighted by a generous five bedroom, four bath floor plan – providing space rarely enjoyed with seaside living. A welcoming, private garden courtyard leads to the home’s formal entry and principle living, dining and kitchen spaces – all of which enjoy whitewater views and enchanting sunsets behind Catalina. A first-floor bedroom and bath are perfectly suited for visiting family and friends. Upstairs there are three spacious guest bedrooms, the comfortable oceanfront primary suite with its adjoining office/sitting room with fireplace, and private terrace, and a delightful wood paneled media room accented by vaulted beamed ceilings and a large bay window overlooking the flowering garden below. Sited on an oceanfront parcel that public records reflect as approximately 15% larger than the standard oceanfront lot on Peninsula Point, this outstanding property lives graciously, with well-proportioned rooms, generous storage, an oversize two car garage with additional exterior parking, and stunning ocean vistas from the beach front patio. Enduring style is never out-of-style – this is a timeless and exceedingly tasteful beach home available as a yearly lease opportunity. *Furnished Photos Have Been Staged Virtually

Listed by Tara Foster Shapiro | BRE #01892201 | Pacific Sotheby's Int'l Realty
Last checked: 5 days ago | Last updated: June 16th, 2022 | Source CRMLS | DOM: 139

Home details

Lot Sq. Ft
3,720
HOA Dues
$0/mo
Year built
1963
Garage
2 Car
Property Type:
Single Family Home
Status
Active
MLS#
NP22032866
City
Newport Beach
County
Orange
Time on Site
138 days

Open Houses for 1516 E Oceanfront

No upcoming open houses

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Property Details for 1516 E Oceanfront

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Forced Air, Natural Gas
Laundry Information
  • Has Laundry
  • Dryer Included, In Garage, Washer Included
Fireplace Information
  • Has Fireplace
  • Library, Living Room, Gas Starter
Room Information
  • Downstairs Bedrooms: 1
  • Downstairs Bathrooms: 1
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Flooring: Carpet, Wood
  • Formal Entry, Kitchen, Library, Living Room, Main Floor Bedroom, Master Suite, Media Room, See Remarks, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Electric Oven, Freezer, Disposal, Gas Cooktop, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Water Heater
Bathroom Information
  • # of Baths (Full): 4
Interior Features
  • Balcony, Beamed Ceilings, Built-in Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Awning(s)
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Patio
  • No Pool
  • Pool Features: None
  • Brick, Deck, Patio Open
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Built-In Storage, Direct Garage Access, Garage, Garage - Single Door, Garage Door Opener, Other, Private
  • Has Attached Garage
Lot Information
  • Lot Features: Garden, Landscaped
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Catalina, City Lights, Coastline, Neighborhood, Ocean, Panoramic, See Remarks, Water, White Water
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 04820233
  • Year Built Source: Public Records
  • Architectural Style: Cape Cod
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Schools
School Information
  • High School District: Newport Mesa Unified
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula Point (BLPP)
  • Directions: G Street to East Oceanfront...Left to 1516
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Biking, Curbs, Watersports, Sidewalks, Storm Drains, Street Lights, Urban
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Sale History for 1516 E Oceanfront

Last sold for $8,275,000 on March 19th, 2021
  • February, 2022

  • Feb 18, 2022

    Date

    Active

    CRMLS: NP22032866

    $22,500

    Price

  • February, 2022

  • Feb 2, 2022

    Date

    Active

    CRMLS: NP22020952

    $10,595,000

    Price

  • Listing provided courtesy of CRMLS

    Brimming with character and timeless Eastern Seaboard-style, this classic oceanfront home situated in the appealing Balboa Peninsula Point neighborhood of Newport Beach bespeaks everlasting coastal charm. Loving maintained, this traditional beach home is highlighted by a generous five bedroom, four bath floor plan – providing space rarely enjoyed with seaside living. A welcoming, private garden courtyard leads to the home’s formal entry and principle living, dining and kitchen spaces – all of which enjoy whitewater views and enchanting sunsets behind Catalina. A first-floor bedroom and bath are perfectly suited for visiting family and friends. Upstairs there are three spacious guest bedrooms, the comfortable oceanfront primary suite with its adjoining office/sitting room with fireplace, and private terrace, and a delightful wood paneled media room accented by vaulted beamed ceilings and a large bay window overlooking the flowering garden below. Sited on an oceanfront parcel that public records reflect as approximately 15% larger than the standard oceanfront lot on Peninsula Point, this outstanding property lives graciously, with well-proportioned rooms, generous storage, an oversize two car garage with additional exterior parking, and stunning ocean vistas from the beach front patio. Enduring style is never out-of-style – this is a timeless and exceedingly tasteful beach home, ready to be enjoyed and cherished for years to come. *Furnished Photos Have Been Staged Virtually

  • March, 2021

  • Mar 19, 2021

    Date

    Sold

    CRMLS: NP21058150

    $8,275,000

    Price

  • Mar 19, 2021

    Date

    Active

    CRMLS: NP21058150

    $8,500,000

    Price

  • Listing provided courtesy of CRMLS

    SOLD BEFORE PROCESSING AND ENTERED FOR COMP PURPOSES ONLY. BEACH HOUSE ON THE SAND ON PENINSULA POINT.

  • October, 1993

  • Oct 8, 1993

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1516 E Oceanfront

Assessed Value (2020): $245,441
Year Land Value Improved Value Assessed Value
2020 $123,269 $122,172 $245,441

Home Value Compared to the Market

This property vs the competition

1516 E Oceanfront is currently listed for lease in the city of Newport Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Newport Beach has a median list price of $3,675,000. The median price per/sqft for Newport Beach is $1,221. With those numbers in mind, if you are looking to purchase a median priced home in Newport Beach, CA and put 20% down you will need to save up $735,000 for the down payment and will need roughly $73,500 for closing costs on top of the down payment.

About 1516 E Oceanfront

Detailed summary of property

1516 E Oceanfront is a single family home for lease located in Newport Beach, CA 92661. This house offers 5 bedrooms, 4 bathrooms, roughly 3,083 living square feet, and sits on an approximately 3,720 square foot lot. 1516 E Oceanfront was first listed on ArdentRealEstateGroup.com on February 19, 2022. The homeowner is currently asking $19,750. Local competing homes currently for lease include 621 W Bay Ave, 1045 W Balboa Blvd and 2551 Vista Dr. While the average home in Newport Beach, CA is selling in 57 days, 1516 E Oceanfront has a days on market of 139 days. There are currently 232 homes for sale in the Newport Beach real estate market and 180 of them are single family homes while 42 of them are condos and 10 are townhomes. For more information on this home for lease at 1516 E Oceanfront Newport Beach, CA 92661 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 1516 E Oceanfront

Public county record property details
Beds
5
Baths
4
Year built
1963
Sq. Ft.
3,083
Lot Size
3,720
Stories
2
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
5
APN
048-202-33

The source for these homes facts are from public records.

92661 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$5,595,000
Median List Price/Sq.Ft.
$2,630
Median Sold Price
$4,200,000
Median Sold Price/Sq.Ft.
$2,306
Total Inventory
22
Median Sale to List Price %
100%
Avg Days on Market
18
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (20%), Other (60%)

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Related Resources to 1516 E Oceanfront

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.