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616 W Oceanfront, Newport Beach, CA 92661
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616 W Oceanfront Newport Beach, CA 92661

$5,150,000 Sold Price as of 05/25/2023
  • 4 Beds
  • 3 Baths
  • 1,800 Sq.Ft.
Sold
$5,150,000 Sold Price as of 05/25/2023 Refinance Your Mortgage
Map preview of 616 W Oceanfront, Newport Beach, CA 92661

Property Overview: 616 W Oceanfront Newport Beach, CA has 4 bedrooms, 3 bathrooms, 1,800 living square feet and 2,100 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Huge price reduction- by far the best value on the Oceanfront! Transform and refresh this original 4 Bedroom, 3 Bathroom, 2 story home into an ideal beach house or build your new dream home by the sea. Enjoy expansive Catalina, sunset, coastal and whitewater views from the ground level, as well as from the primary retreat with fireplace and soaring ceiling. One bedroom is on the main level and the two secondary bedrooms upstairs share a spacious balcony. Great quiet location with no through traffic in the alley. Miles of Newport's beautiful sandy beaches are at your doorstep. Relax and enjoy the endless changing scenes with body surfers in the crashing waves, volleyball games, skaters, bikers and strollers walking to the Balboa Pier, restaurants, shops, the Balboa Island Ferry or just enjoying the idyllic surroundings. The best buy on the beach-price reduced and ready to sell- don't let this chance slip away!

Listed by Victoria Lee | BRE #00664250 | Compass
Last checked: 3 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
2,100
HOA Dues
$0/mo
Year built
1979
Garage
2 Car
Property Type:
Single Family Home
Status
Sold
MLS#
LG23056399
City
Newport Beach
County
Orange
Time on Site
383 days

Property Details for 616 W Oceanfront

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • Has Fireplace
  • Living Room, Master Bedroom
Room Information
  • Downstairs Bedrooms: 1
  • Downstairs Bathrooms: 1
  • Eating Area: Area
  • Flooring: Carpet, Tile
  • Main Floor Bedroom, Master Suite, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Built-In Range, Dishwasher, Gas Water Heater, Refrigerator
Bathroom Information
  • # of Baths (Full): 3
Interior Features
  • Beamed Ceilings, Tile Counters
  • Levels: Two
  • Window Features: Stained Glass
  • Door Features: Sliding Doors
Exterior Features
Exterior Information
  • Roof: Composition, Rolled/Hot Mop, Tile
  • Has Fence
  • Block
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Patio
  • No Pool
  • Pool Features: None
  • Deck, Terrace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Direct Garage Access, Garage Faces Rear, Garage - Single Door, Private
  • Has Attached Garage
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Catalina, City Lights, Coastline, Ocean, Water, White Water
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 04802406
  • Year Built Source: Assessor
  • Architectural Style: Contemporary
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is not Attached
  • Accessibility Features: None
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Schools
School Information
  • Elementary School: Newport
  • Elementary School: NEWPOR
  • Middle/Junior High School: Horace Ensign
  • Middle/Junior High School: HORENS
  • High School: Newport Harbor
  • High School: NEWHAR
  • High School District: Newport Mesa Unified
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: Balboa Blvd to 6th or 7th St, on Oceanfront
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Newport Beach Agent

Sale History for 616 W Oceanfront

Last sold for $5,150,000 on May 25th, 2023

  • May, 2023

  • May 25, 2023

    Date

    Sold

    CRMLS: LG23056399

    $5,150,000

    Price

  • Apr 7, 2023

    Date

    Active

    CRMLS: LG23056399

    $5,696,000

    Price

  • March, 2023

  • Mar 10, 2023

    Date

    Sold

    CRMLS: NP23006399

    $5,300,000

    Price

  • Jan 13, 2023

    Date

    Active

    CRMLS: NP23006399

    $5,890,000

    Price

  • Listing provided courtesy of CRMLS

    Newport Beach OCEANFRONT, original condition 4 Bedroom, 3 Bathroom Home for the amazingly low price of $5,890,000. This will go fast!! Sitting on the Center of the Block on the Boardwalk located in a quiet section of the Peninsula, this Value-add Opportunity Offers Whitewater Views from the Front Row on the ground level, as well as from the Master Retreat on the 2nd Floor! Enjoy people watching and Coast to Coast Views, including the Balboa Pier, 6th St Tower, Volleyball Court and Waves Crashing over the sand. This Location has the WOW Factor and is ready for someone with vision and ability to transform this original canvas into a work of art! The back alley on a dead end on either side, offering extreme privacy and no through traffic. 6th street has an awesome wave-break for bodysurfing and has a lifeguard tower close by. Walking/biking distance to the Balboa Pier. Welcome to the Best Deal on the Oceanfront!

  • November, 2007

  • Nov 30, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2007

  • Nov 15, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 616 W Oceanfront

Assessed Value (2020): $224,310
Year Land Value Improved Value Assessed Value
2020 $105,373 $118,937 $224,310

Home Value Compared to the Market

This property vs the competition

616 W Oceanfront sold on May 25, 2023 for 101.64% 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 $2941.67 per/sqft which puts the price per square foot 174.15% higher than the current median sale per square foot for the city of Newport Beach.

About 616 W Oceanfront

Detailed summary of property

616 W Oceanfront is a single family home that recently sold in Newport Beach, CA 92661. This house offered 4 bedrooms, 3 bathrooms, roughly 1,800 living square feet, and sits on an approximately 2,100 square foot lot. 616 W Oceanfront was first listed on ArdentRealEstateGroup.com on April 7, 2023. The homeowner sold the property for $5,150,000. 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 101.64% higher than the current median priced home. Local homes that are currently for sale include 540 Via Lido Soud, 801 Kings Rd and 200 Via Koron. While the average home in Newport Beach, CA is selling in 75 days, 616 W Oceanfront has a days on market of 34 days. 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 616 W 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 616 W Oceanfront

Public county record property details
Beds
4
Baths
3
Year built
1979
Sq. Ft.
1,800
Lot Size
2,100
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
22
APN
048-024-06

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%)

Thinking of Selling?

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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.

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