3012 W Oceanfront, Newport Beach, CA 92663
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3012 W Oceanfront Newport Beach, CA 92663

$6,655,000 Sold Price as of 03/05/2024
  • 4 Beds
  • 2.25 Baths
  • 1,924 Sq.Ft.
Sold
$6,655,000 Sold Price as of 03/05/2024 Refinance Your Mortgage

Map preview of 3012 W Oceanfront, Newport Beach, CA 92663

Property Overview: 3012 W Oceanfront Newport Beach, CA has 4 bedrooms, 2.25 bathrooms, 1,924 living square feet and 2,250 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Experience the pinnacle of coastal elegance at 3012 West Oceanfront, a Balboa Peninsula multi-family showpiece, situated on a prized front-row lot. The upstairs three bedroom unit features a resurfaced patio with weatherproof glass railing for unobstructed views of the Pacific Ocean, Catalina Island, Newport Pier, Palos Verdes, and spectacular sunsets. This once in a generation opportunity comes equipped with a fireplace, elegant travertine floors and an upgraded forced air heating system. Newly refreshed in late 2019, the downstairs level showcases a sophisticated one-bedroom sanctuary with an intimate fireplace and a remodeled kitchen, with quartz countertops, and state-of-the-art stainless steel appliances. The bathroom, with its quartz countertop and sleek glass sliding door, along with the primary bedroom's ocean-view alcove, enhanced with new recessed lighting, adds to the modern comforts. This exquisite duplex offers an exceptional opportunity to embrace the luxury of Socal’s oceanside lifestyle. Step outside onto the white sand and immerse yourself in the surroundings of Newport Beach's finest attractions, including upscale waterfront restaurants, the Balboa Fun Zone, Lido Marina, Fashion Island and a scenic bike path. It's a gateway to a lavish lifestyle right at your fingertips, combining quintessential living with the allure of beachside tranquility in one of Southern California's most sought after locations.

Listed by Craig Ratowsky | BRE #00608046 | Compass
Co-listed by Justin Ratowsky | BRE #02026158 | Compass
Last checked: 17 minutes ago | Last updated: March 7th, 2024 | Source CRMLS | DOM: 39

Home details

Lot Sq. Ft
2,250
HOA Dues
$0/mo
Year built
1975
Garage
1 Car
Property Type:
Duplex
Status
Sold
MLS#
OC23225299
City
Newport Beach
County
Orange
Time on Site
145 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • 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
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Virtual Tour

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Property Details for 3012 W Oceanfront

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Electric, Forced Air
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Tile
Interior Features
  • High Ceilings, Recessed Lighting
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Attached Carport, Garage
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Catalina, Coastline, Ocean, Panoramic, Water, White Water
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 04708237
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Lido Peninsula (LIPN)
  • Other Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: Balboa and 31ST
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

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Sale History for 3012 W Oceanfront

Last sold for $6,655,000 on March 5th, 2024
  • March, 2024

  • Mar 5, 2024

    Date

    Sold

    CRMLS: OC23225299

    $6,655,000

    Price

  • Dec 14, 2023

    Date

    Active

    CRMLS: OC23225299

    $7,100,000

    Price

  • February, 2014

  • Feb 25, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 3012 W Oceanfront

Assessed Value (2020): $282,647
Year Land Value Improved Value Assessed Value
2020 $197,853 $84,794 $282,647

Home Value Compared to the Market

This property vs the competition

3012 W Oceanfront sold on March 5, 2024 for 91.89% higher 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 $3690.23 per/sqft which puts the price per square foot 171.34% higher than the current median sale per square foot for the city of Newport Beach.

About 3012 W Oceanfront

Detailed summary of property

3012 W Oceanfront is a duplex that recently sold in Newport Beach, CA 92663. This duplex offered 4 bedrooms, 2.25 bathrooms, roughly 1,924 living square feet, and sits on an approximately 2,250 square foot lot. 3012 W Oceanfront was first listed on ArdentRealEstateGroup.com on December 15, 2023. The homeowner sold the property for $6,655,000. 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 91.89% higher than the current median priced home. Local homes that are currently for sale include 60 El Nido Ave, 500 S Union Ave and 264 S Union Ave. While the average home in Newport Beach, CA is selling in 73 days, 3012 W Oceanfront has a days on market of 39 days. There are currently 275 homes for sale in the Newport Beach real estate market and 208 of them are single family homes while 54 of them are condos and 13 are townhomes. For more information on this home for sale at 3012 W Oceanfront 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 3012 W Oceanfront

Public county record property details
Beds
--
Baths
--
Year built
1975
Sq. Ft.
1,924
Lot Size
2,417
Stories
2
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
7
APN
047-082-37

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
88
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 3012 W 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.