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

$8,275,000 Sold Price as of 03/19/2021
  • 5 Beds
  • 4 Baths
  • 3,083 Sq.Ft.
Sold
$8,275,000 Sold Price as of 03/19/2021 Refinance Your Mortgage

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 with any questions you may have.

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

Listed by Tara Foster Shapiro | BRE #01892201 | Pacific Sotheby's Int'l Realty
Last checked: 7 minutes ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
3,720
HOA Dues
$0/mo
Year built
1963
Garage
2 Car
Property Type:
Single Family Home
Status
Sold
MLS#
NP21058150
City
Newport Beach
County
Orange
Time on Site
1133 days

Property Details for 1516 E Oceanfront

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Laundry Information
  • Has Laundry
  • Dryer Included, In Garage, Washer Included
Fireplace Information
  • Has Fireplace
  • Living Room, Master Retreat
Room Information
  • Downstairs Bedrooms: 1
  • Downstairs Bathrooms: 1
  • Entry, Family Room, Living Room, Main Floor Bedroom, Master Suite, Walk-In Closet
Bathroom Information
  • # of Baths (Full): 4
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Attached Garage
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Coastline, Ocean, Panoramic, Water, White Water
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 04820233
  • Year Built Source: Public Records
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Schools
School Information
  • High School District: Newport Mesa Unified
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula Point (BLPP)
  • Directions: East Oceanfront to 1516
Neighborhood Information
  • Community Features: Watersports, Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

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Sale History for 1516 E Oceanfront

Last leased for $14,000 on July 25th, 2022
  • July, 2022

  • Jul 25, 2022

    Date

    Leased

    CRMLS: NP22032866

    $14,000

    Price

  • Feb 18, 2022

    Date

    Active

    CRMLS: NP22032866

    $22,500

    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 available as a yearly lease opportunity. *Furnished Photos Have Been Staged Virtually

  • 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

  • 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 sold on March 19, 2021 for 223.69% higher than the current median sold price for the city of Newport Beach which is $2,626,000. The median sold price per/sqft for Newport Beach is $1,073 and this home is sold at $2757.05 per/sqft which puts the price per square foot 156.95% higher than the current median sale per square foot for the city of Newport Beach.

About 1516 E Oceanfront

Detailed summary of property

1516 E Oceanfront is a single family home that recently sold in Newport Beach, CA 92661. This house offered 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 March 19, 2021. The homeowner sold the property for $8,275,000. Home in Newport Beach are selling for a median price of $2,626,000 and a median price per square foot of $1,073. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 223.69% higher than the current median priced home. Local homes that are currently for sale include 417 E Balboa Blvd, 421 E Edgewater and 211 E Edgewater Ave. There are currently 260 homes for sale in the Newport Beach real estate market and 192 of them are single family homes while 54 of them are condos and 14 are townhomes. For more information on this home for sale 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
$6,750,000
Median List Price/Sq.Ft.
$2,241
Median Sold Price
$11,100,000
Median Sold Price/Sq.Ft.
$2,775
Total Inventory
47
Median Sale to List Price %
94.11%
Avg Days on Market
174
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (33.33%)

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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.