1516 W Oceanfront #A, Newport Beach, CA 92663
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1516 W Oceanfront #A Newport Beach, CA 92663

$3,425,000 Sold Price as of 11/01/2021
  • 3 Beds
  • 2 Baths
  • 1,820 Sq.Ft.
Sold
$3,425,000 Sold Price as of 11/01/2021 Refinance Your Mortgage

Map preview of 1516 W Oceanfront #A, Newport Beach, CA 92663

Property Overview: 1516 W Oceanfront #A Newport Beach, CA has 3 bedrooms, 2 bathrooms, 1,820 living square feet and 3,090 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BACK ON MARKET AFTER BUYER FAILED TO PERFORM. Step up to the oceanfront lifestyle! Superbly positioned between the Balboa and Newport piers and just a short stroll from bustling Marina Park and myriad water activities, this freshly remodeled three bedroom, two bath, separately deeded, R-2 condo affords a unique turn-key opportunity to live waterfront in Newport Beach. Enjoy easy, breezy single-level living with direct elevator access, and an open lay out that revels in whitewater views and sunsets behind Catalina. Floor-to-ceiling glass opens to a seaside terrace perfect for soaking up the sun and enjoying the activity of the beach front below. Open format living, dining and kitchen areas play to relaxed days spent at the beach with family and friends. A newly remodeled kitchen boasts abundant storage and prep space, top-line appliances, and separate butler's pantry with wine refrigeration to make entertaining a breeze. An adjacent patio is perfect for cozy outdoor dining and BBQ fun. With three generously proportioned guest rooms, the master suite is highlighted by a spa bath with dual vanities, shower and soaking tub. A separate laundry room also allows for additional storage. Truly a one-of-a-kind opportunity on the oceanfront promenade, this condo is one of only two units in the three-story building. Each owner enjoys 3 car garage parking, a large storage area, beach bath, and access to a common beach front patio. Grab your beach bag and head to the sand...this coastal condo checks all of the boxes! VIRTUALLY STAGED.

Listed by Tara Foster Shapiro | BRE #01892201 | Pacific Sotheby's Int'l Realty
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 63

Home details

Lot Sq. Ft
3,090
HOA Dues
$0/mo
Year built
1990
Garage
3 Car
Property Type:
Condominium
Status
Sold
MLS#
NP21155790
City
Newport Beach
County
Orange
Time on Site
1036 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 1
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Virtual Tour

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Property Details for 1516 W Oceanfront #A

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Forced Air, Natural Gas
Laundry Information
  • Has Laundry
  • Dryer Included, Individual Room, Inside, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Wood
  • Kitchen, Laundry, Master Bathroom, Master Bedroom, See Remarks, Walk-In Closet, Walk-In Pantry
Kitchen Information
  • Has Appliances
  • Self Cleaning Oven, Dishwasher, Free-Standing Range, Freezer, Disposal, Gas Range, Microwave, Refrigerator, Water Heater
Interior Features
  • Balcony, Elevator, Granite Counters, Living Room Balcony, Open Floorplan, Pantry, Storage
  • Levels: One
Exterior Features
Exterior Information
  • Lighting
  • Other Structures: Storage
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Direct Garage Access, Garage, Garage Faces Rear, Garage Door Opener, Oversized, Tandem Garage
Lot Information
  • Lot Size Source: Public Records
  • Common Interest: Condominium
Property Information
  • Has View
  • View: Catalina, City Lights, Coastline, Neighborhood, Ocean, Panoramic, Pier, See Remarks, Water, White Water
  • Common Walls: 1 Common Wall
  • Total # of Units: 1
  • Parcel Number: 93980011
  • Year Built Source: Public Records
  • Property is Attached
  • Accessibility Features: See Remarks
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: Oceanfront Between 15th and 16th Streets
Neighborhood Information
  • Community Features: Biking, Fishing, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Newport Beach Agent

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Sale History for 1516 W Oceanfront #A

Last sold for $3,425,000 on November 1st, 2021
  • September, 2021

  • Sep 17, 2021

    Date

    Active Under Contract

    CRMLS: NP21155785

    $3,595,000

    Price

  • Jul 16, 2021

    Date

    Active

    CRMLS: NP21155785

    $3,595,000

    Price

  • Listing provided courtesy of CRMLS

    BACK ON MARKET AFTER BUYER FAILED TO PERFORM. Step up to the oceanfront lifestyle! Superbly positioned between the Balboa and Newport piers and just a short stroll from bustling Marina Park and myriad water activities, this freshly remodeled three bedroom, two bath, separately deeded condo affords a unique turn-key opportunity to live waterfront in Newport Beach. Enjoy easy, breezy single-level living with direct elevator access, and an open lay out that revels in whitewater views and sunsets behind Catalina. Floor-to-ceiling glass opens to a seaside terrace perfect for soaking up the sun and enjoying the activity of the beach front below. Open format living, dining and kitchen areas play to relaxed days spent at the beach with family and friends. A newly remodeled kitchen boasts abundant storage and prep space, top-line appliances, and separate butler's pantry with wine refrigeration to make entertaining a breeze. An adjacent patio is perfect for cozy outdoor dining and BBQ fun. With three generously proportioned guest rooms, the master suite is highlighted by a thoughtfully appointed spa bath with dual vanities, shower and soaking tub. A separate laundry room also allows for additional storage. Truly a one-of-a-kind opportunity on the oceanfront promenade, this condo is one of only two units in the three-story building. Each owner enjoys 3 car garage parking, a large storage area, beach bath, and access to a common beach front patio. Grab your beach bag and head to the sand...this coastal condo checks all of the boxes!

  • September, 2021

  • Sep 17, 2021

    Date

    Active Under Contract

    CRMLS: NP21155790

    $3,595,000

    Price

  • Jul 16, 2021

    Date

    Active

    CRMLS: NP21155790

    $3,595,000

    Price

  • August, 2021

  • Aug 24, 2021

    Date

    Active

    CRMLS: NP21187260

    $11,500

    Price

  • Listing provided courtesy of CRMLS

    Step up to the oceanfront lifestyle! Superbly positioned between the Balboa and Newport piers and just a short stroll from bustling Marina Park and myriad water activities, this freshly remodeled three bedroom, two bath, separately deeded condo affords a unique turn-key opportunity to live waterfront in Newport Beach. Enjoy easy, breezy single-level living with direct elevator access, and an open lay out that revels in whitewater views and sunsets behind Catalina. Floor-to-ceiling glass opens to a seaside terrace perfect for soaking up the sun and enjoying the activity of the beach front below. Open format living, dining and kitchen areas play to relaxed days spent at the beach with family and friends. A newly remodeled kitchen boasts abundant storage and prep space, top-line appliances, and separate butler's pantry with wine refrigeration to make entertaining a breeze. An adjacent patio is perfect for cozy outdoor dining and BBQ fun. With three generously proportioned guest rooms, the master suite is highlighted by a thoughtfully appointed spa bath with dual vanities, shower and soaking tub. A separate laundry room also allows for additional storage. Truly a one-of-a-kind opportunity on the oceanfront promenade, this condo is one of only two units in the three-story building. Grab your beach bag and head to the sand...this coastal condo checks all of the boxes! **Property also listed For Sale #NP21155785

  • July, 2021

  • Jul 16, 2021

    Date

    Expired

    CRMLS: NP21043631

    $3,595,000

    Price

  • Jul 15, 2021

    Date

    Active

    CRMLS: NP21043631

    $3,595,000

    Price

  • Jun 4, 2021

    Date

    Active Under Contract

    CRMLS: NP21043631

    $3,595,000

    Price

  • Mar 31, 2021

    Date

    Price Change

    CRMLS: NP21043631

    $3,595,000

    Price

  • Mar 4, 2021

    Date

    Active

    CRMLS: NP21043631

    $3,750,000

    Price

  • Mar 2, 2021

    Date

    Coming Soon

    CRMLS: NP21043631

    $3,750,000

    Price

  • Listing provided courtesy of CRMLS

    Step up to the oceanfront lifestyle! Superbly positioned between the Balboa and Newport piers and just a short stroll from bustling Marina Park and myriad water activities, this freshly remodeled three bedroom, two bath, separately deeded condo affords a unique turn-key opportunity to live waterfront in Newport Beach. Enjoy easy, breezy single-level living with direct elevator access, and an open lay out that revels in whitewater views and sunsets behind Catalina. Floor-to-ceiling glass opens to a seaside terrace perfect for soaking up the sun and enjoying the activity of the beach front below. Open format living, dining and kitchen areas play to relaxed days spent at the beach with family and friends. A newly remodeled kitchen boasts abundant storage and prep space, top-line appliances, and separate butler's pantry with wine refrigeration to make entertaining a breeze. An adjacent patio is perfect for cozy outdoor dining and BBQ fun. With three generously proportioned guest rooms, the master suite is highlighted by a thoughtfully appointed spa bath with dual vanities, shower and soaking tub. A separate laundry room also allows for additional storage. Truly a one-of-a-kind opportunity on the oceanfront promenade, this condo is one of only two units in the three-story building. Each owner enjoys 3 car garage parking, a large storage area, beach bath, and access to a common beach front patio. Grab your beach bag and head to the sand...this coastal condo checks all of the boxes! **Active Subject To Cancellation Of Existing Escrow.

  • July, 2021

  • Jul 16, 2021

    Date

    Expired

    CRMLS: NP21043636

    $3,595,000

    Price

  • Jul 15, 2021

    Date

    Active

    CRMLS: NP21043636

    $3,595,000

    Price

  • Jun 4, 2021

    Date

    Active Under Contract

    CRMLS: NP21043636

    $3,595,000

    Price

  • Mar 31, 2021

    Date

    Price Change

    CRMLS: NP21043636

    $3,595,000

    Price

  • Mar 8, 2021

    Date

    Active

    CRMLS: NP21043636

    $3,750,000

    Price

  • Listing provided courtesy of CRMLS

    Step up to the oceanfront lifestyle! Superbly positioned between the Balboa and Newport piers and just a short stroll from bustling Marina Park and myriad water activities, this freshly remodeled three bedroom, two bath, separately deeded, R-2 condo affords a unique turn-key opportunity to live waterfront in Newport Beach. Enjoy easy, breezy single-level living with direct elevator access, and an open lay out that revels in whitewater views and sunsets behind Catalina. Floor-to-ceiling glass opens to a seaside terrace perfect for soaking up the sun and enjoying the activity of the beach front below. Open format living, dining and kitchen areas play to relaxed days spent at the beach with family and friends. A newly remodeled kitchen boasts abundant storage and prep space, top-line appliances, and separate butler's pantry with wine refrigeration to make entertaining a breeze. An adjacent patio is perfect for cozy outdoor dining and BBQ fun. With three generously proportioned guest rooms, the master suite is highlighted by a spa bath with dual vanities, shower and soaking tub. A separate laundry room also allows for additional storage. Truly a one-of-a-kind opportunity on the oceanfront promenade, this condo is one of only two units in the three-story building. Each owner enjoys 3 car garage parking, a large storage area, beach bath, and access to a common beach front patio. Grab your beach bag and head to the sand...this coastal condo checks all of the boxes! VIRTUALLY STAGED. **Active Subject To Cancellation Of Existing Escrow

  • September, 2020

  • Sep 8, 2020

    Date

    Canceled

    CRMLS: NP20162617

    $3,295,000

    Price

  • Aug 26, 2020

    Date

    Hold

    CRMLS: NP20162617

    $3,295,000

    Price

  • Aug 11, 2020

    Date

    Active

    CRMLS: NP20162617

    $3,295,000

    Price

  • Listing provided courtesy of CRMLS

    Step up to the oceanfront lifestyle! Superbly positioned between the Balboa and Newport piers and just a short stroll from bustling Marina Park and myriad water activities, this freshly remodeled three bedroom, two bath, separately deeded condo affords a unique turn-key opportunity to live waterfront in Newport Beach. Enjoy easy, breezy single-level living with direct elevator access, and an open lay out that revels in whitewater views and sunsets behind Catalina. Floor-to-ceiling glass opens to a seaside terrace perfect for soaking up the sun and enjoying the activity of the beach front below. Open format living, dining and kitchen areas play to relaxed days spent at the beach with family and friends. A newly remodeled kitchen boasts abundant storage and prep space, top-line appliances, and separate butler's pantry with wine refrigeration to make entertaining a breeze. An adjacent patio is perfect for cozy outdoor dining and BBQ fun. With three generously proportioned guest rooms, the master suite is highlighted by a thoughtfully appointed spa bath with dual vanities, shower and soaking tub. A separate laundry room also allows for additional storage. Truly a one-of-a-kind opportunity on the oceanfront promenade, this condo is one of only two units in the three-story building. Each owner enjoys 3 car garage parking, a large storage area, beach bath, and access to a common beach front patio. Grab your beach bag and head to the sand...this coastal condo checks all of the boxes!

  • August, 2020

  • Aug 25, 2020

    Date

    Leased

    CRMLS: NP20098539

    $9,950

    Price

  • Aug 5, 2020

    Date

    Price Change

    CRMLS: NP20098539

    $9,950

    Price

  • Jul 20, 2020

    Date

    Price Change

    CRMLS: NP20098539

    $11,950

    Price

  • Jun 29, 2020

    Date

    Price Change

    CRMLS: NP20098539

    $13,900

    Price

  • May 24, 2020

    Date

    Active

    CRMLS: NP20098539

    $14,750

    Price

  • Listing provided courtesy of CRMLS

    Oceanfront living at its finest! Prime location in the heart of Newport Beach, on the sand. Enjoy the white water views up and down the coastline, boardwalk activity, and endless Catalina sunsets. This residence is one of two condominiums in a three level building. The ground level is home to a common area beach front patio, directly on the boardwalk. Recent complete interior remodel has led to an amazing transformation of this home. Contemporary and modern, the interior is an open floor plan, starting with floor to ceiling sliding doors to capture the view, allowing access to a spacious deck. The kitchen is amazing, reconfigured with a new island, wine bar, granite surfaces, new cabinets and state of the art stainless appliances. Adjacent separate walk-in pantry offers additional cabinetry, and storage. Featuring 3 bed/ 2 baths at just under 1800 sq ft. The custom laundry room has new top of the line Samsung appliances. Both bathrooms have been completely redone with new tile, cabinetry, fixtures and lighting. The master is nice sized with a walk-in closet. In addition to the many interior upgrades, you will have the rare opportunity to enjoy 3 car tandem garage parking. This home is walking distance to local restaurants, shopping, and both Piers. Take a bike ride along the boardwalk, enjoy coastal lifestyle at its best.

  • February, 2020

  • Feb 17, 2020

    Date

    Expired

    CRMLS: NP19268437

    $8,950

    Price

  • Feb 10, 2020

    Date

    Withdrawn

    CRMLS: NP19268437

    $8,950

    Price

  • Jan 22, 2020

    Date

    Price Change

    CRMLS: NP19268437

    $8,950

    Price

  • Nov 20, 2019

    Date

    Active

    CRMLS: NP19268437

    $9,500

    Price

  • Listing provided courtesy of CRMLS

    Yearly Rental. Welcome to one of Newport Beach’s finest and most highly sought-after condo, where a prime oceanfront location, stellar views and fresh updates combine to create a move-in-ready opportunity that is as rare as it is enticing. Nestled at the edge of the boardwalk on the Balboa Peninsula, the residence is enriched by panoramic whitewater, beach, pier, ocean, Catalina and sunset views. Approx. 1,795 s.f., the single-level design boasts 3 bedrooms, 2 baths, and an open dining and living area with floor-to-ceiling windows and sliding-glass doors that access an inviting view balcony. Fresh white paint and new lighting fixtures complement interior spaces, which continue with an ocean-view kitchen that displays solid-surface countertops, stainless steel appliances, a dining bar, white cabinetry and a walk-in pantry. The sumptuous master suite is complete with a walk-in closet, jetted tub, separate shower and dual vanities. The second bedroom also presents a walk-in closet, with mirrored wardrobe doors in the third bedroom. Outdoor dining is a delight on a cozy side patio with BBQ. The condo is one of only two in the three-story building, with the first floor home to a common area beachfront patio, full bathroom, three enclosed parking spaces per residence, and an elevator serving all levels. This Condo is walking distance to the bay, popular shops and dining destinations, and the 10.5-acre Marina Park.

  • January, 2020

  • Jan 2, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2020

  • Jan 1, 2020

    Date

    Expired

    CRMLS: NP19126224

    $3,199,000

    Price

  • Sep 6, 2019

    Date

    Withdrawn

    CRMLS: NP19126224

    $3,199,000

    Price

  • Aug 3, 2019

    Date

    Price Change

    CRMLS: NP19126224

    $3,199,000

    Price

  • Jul 17, 2019

    Date

    Price Change

    CRMLS: NP19126224

    $3,390,000

    Price

  • May 30, 2019

    Date

    Active

    CRMLS: NP19126224

    $3,400,000

    Price

  • Listing provided courtesy of CRMLS

    **MAJOR PRICE REDUCTION** Fabulous oceanfront location in the highly yearned Peninsula in Newport Beach. Lower Unit A is for sale. Enjoy espectacular Catalina Island, ocean and sunset views from the private balcony off the great room and dining room. This entertainers dream private residence, spans approx, 1,795 S.F. of living space. Interior features 3 bedrooms: a spacious master suite, dressing area, and walk-in closet, a 2nd bedroom also includes a walk-in-closet, and a 3rd bedroom boasts mirror wardrobe doors. There is plenty of storage space and a separate laundry room. Enjoy the soothing ocean view from the well-equipped kitchen which offers an extended counter with room for seating and a rare-to-find walk-in-pantry. The covered side patio makes for an excellent spot for the BBQ and eating area. The 1st level common areas include beachfront patio and seating areas, full bathroom, ample storage room for beach toys, exercise equipment and bikes, elevator and 6-car garage (3 spaces per unit). This residence is ideal for full time living, as a second home or as an opportunity to own a beachfront investment property. Walk to the bay, shopping and amazing nearby restaurants.

  • July, 2019

  • Jul 11, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2017

  • Sep 1, 2017

    Date

    Expired

    CRMLS: NP16180595

    $7,500

    Price

  • Aug 16, 2016

    Date

    Price Change

    CRMLS: NP16180595

    $7,500

    Price

  • Listing provided courtesy of CRMLS

    Enjoy the beach at this fabulous Three Bedroom Two Bathroom lower level Oceanfront duplex! It features flat screen TVs, Three car parking, private patio, fireplace and gas BBQ. The living room has a big C-shaped couch, fireplace, coffee table and flat screen TV. There is a dining table that seats six with two additional seats at the kitchen counter. The kitchen has a dual sink, microwave, built in stove, trash compactor, dishwasher and plenty of cabinet and counter space for storing and preparing food. The outdoor patio has a table, chairs and a gas BBQ, great for cooking for family and friends! The master bedroom has a king bed with an adjoining bathroom. The second bedroom has a queen bed and the third bedroom has a queen bed and a twin day bed. There is another full bathroom between the second and third bedrooms. There are three parking spots for this unit and a washer and dryer in the garage.

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Tax History for 1516 W Oceanfront #A

Assessed Value (2020): $1,522,963
Year Land Value Improved Value Assessed Value
2020 $1,241,414 $281,549 $1,522,963

Home Value Compared to the Market

This property vs the competition

1516 W Oceanfront #A sold on November 1, 2021 for 2.84% lower than the current median sold price for the city of Newport Beach which is $3,700,000. The median sold price per/sqft for Newport Beach is $1,360 and this home is sold at $1975.27 per/sqft which puts the price per square foot 45.24% higher than the current median sale per square foot for the city of Newport Beach.

About 1516 W Oceanfront #A

Detailed summary of property

1516 W Oceanfront #A is a condominium that recently sold in Newport Beach, CA 92663. This condo offered 3 bedrooms, 2 bathrooms, roughly 1,820 living square feet, and sits on an approximately 3,090 square foot lot. 1516 W Oceanfront #A was first listed on ArdentRealEstateGroup.com on July 16, 2021. The homeowner sold the property for $3,425,000. Home in Newport Beach are selling for a median price of $3,700,000 and a median price per square foot of $1,360. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 2.84% lower than the current median priced home. Local homes that are currently for sale include 514 Westminster Ave, 2224 Laurel Pl and 4405 Channel Pl. While the average home in Newport Beach, CA is selling in 75 days, 1516 W Oceanfront #A has a days on market of 63 days. There are currently 284 homes for sale in the Newport Beach real estate market and 215 of them are single family homes while 56 of them are condos and 13 are townhomes. For more information on this home for sale at 1516 W Oceanfront #A Newport Beach, CA 92663 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 1516 W Oceanfront #A

Public county record property details
Beds
3
Baths
2
Year built
1990
Sq. Ft.
1,795
Lot Size
--
Stories
--
Type
Condominium Unit (Residential)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
939-800-11

The source for these homes facts are from public records.

92663 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$4,395,000
Median List Price/Sq.Ft.
$1,557
Median Sold Price
$3,700,000
Median Sold Price/Sq.Ft.
$1,494
Total Inventory
92
Median Sale to List Price %
105.87%
Avg Days on Market
21
Loan Type
Conventional (17.65%), FHA (0%), VA (0%), Cash (47.06%), Other (35.29%)

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Related Resources to 1516 W Oceanfront #A

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.