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706 W Oceanfront, Newport Beach, CA 92661
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706 W Oceanfront Newport Beach, CA 92661

$7,825,000 Sold Price as of 07/05/2019
  • 5 Beds
  • 2.5 Baths
  • 3,202 Sq.Ft.
Sold
$7,825,000 Sold Price as of 07/05/2019 Refinance Your Mortgage
Map preview of 706 W Oceanfront, Newport Beach, CA 92661

Property Overview: 706 W Oceanfront Newport Beach, CA has 5 bedrooms, 2.5 bathrooms, 3,202 living square feet and 4,200 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This Post and Beam style oceanfront home is located on two prime lots on Newport Beach’s famed Balboa Peninsula, known for its broad white sandy shoreline, swimmable surf and exciting beach boardwalk. All the fun of Newport Beach is out your door: surf, swim, sail, paddleboard, boat, bike ride, stroll the beach and play volleyball from this perfectly located home all within easy distance of the Newport and Balboa Piers, world famous Fun Zone, Balboa Island Ferry, and array of Newport’s finest restaurants and vibrant nightlife. This recently updated home features an Island kitchen with new stainless steel appliances, refaced cabinetry and Quartz countertops; a large waterfront living room with walls of glass, a fireplace, dining area, and cedar hardwood floors, a generous sized downstairs guest bedroom and adjacent bath, a two-car attached garage and separate carport. The upstairs of the home is highlighted by the large oceanfront master-suite with a fireplace, vaulted ceilings, built-ins, elegant marble bath, and panoramic ocean, whitewater and pier to pier views. In addition, there are three additional bedrooms, one with water views and a private stairway entrance, and two additional baths. The palette of finish materials includes rich woods, built-ins, and new Marble and Quartz stonework in the kitchen & baths. The outdoor space is abundant with an elevated oceanview patio, and a tranquil & walled yard that features one of Balboa’s only private oceanfront swimming pools.

Listed by Evan Corkett | BRE #00468496 | Villa Real Estate
Co-listed by Steve High | BRE #00936421 | Villa Real Estate
Last checked: 2 minutes ago | Last updated: September 18th, 2021 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft
4,200
HOA Dues
$0/mo
Year built
1984
Garage
2 Car
Property Type:
Single Family Home
Status
Sold
MLS#
NP19125824
City
Newport Beach
County
Orange
Time on Site
1383 days

Property Details for 706 W Oceanfront

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • Has Fireplace
  • Living Room, Master Bedroom, Gas Starter, Raised Hearth
Room Information
  • Downstairs Bedrooms: 1
  • Downstairs Bathrooms: 2
  • Eating Area: In Living Room
  • Flooring: Tile, Wood
  • Entry, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, See Remarks, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Built-In Range, Convection Oven, Dishwasher, Double Oven, Electric Oven, Electric Water Heater, Freezer, Disposal, Gas Range, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan, Water Line to Refrigerator
  • Kitchen Island, Remodeled Kitchen
Bathroom Information
  • # of Baths (Full): 2
  • # of Baths (1/2): 1
  • # of Baths (3/4): 2
Interior Features
  • 2 Staircases, Balcony, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Living Room Deck Attached, Pantry, Recessed Lighting, Stone Counters, Storage, Tile Counters, Unfurnished
  • Levels: Two
  • Window Features: Bay Window(s), Double Pane Windows, Skylight(s)
  • Security Features: Smoke Detector(s)
  • Door Features: Panel Doors
Exterior Features
Exterior Information
  • Roof: Slate
  • Has Fence
  • Brick
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Patio
  • Has Pool
  • Pool Features: Private, Gunite, Heated, Gas Heat, In Ground, Permits
  • Deck, Patio, Patio Open
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Carport, Attached Carport, Direct Garage Access, Garage, Garage Faces Rear, Garage - Single Door, No Driveway
  • Has Attached Garage
Lot Information
  • Lot Features: Rectangular Lot, Walkstreet
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Catalina, Ocean, Pier, Water, White Water
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 04802310
  • Year Built Source: Assessor
  • Architectural Style: Custom Built
  • Property is not Attached
  • Accessibility Features: None
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
  • Elementary School: Newport
  • Elementary School: NEWPOR
  • Middle/Junior High School: Ensign
  • Middle/Junior High School: ENSIGN
  • 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 - Between 6th & 7th Street
  • Road Frontage Type: Alley
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains
View more facts & features

Local Newport Beach Agent

Sale History for 706 W Oceanfront

Last sold for $7,825,000 on July 5th, 2019

  • July, 2019

  • Jul 8, 2019

    Date

    Sold

    CRMLS: NP19125824

    $7,825,000

    Price

  • May 30, 2019

    Date

    Active

    CRMLS: NP19125824

    $8,995,000

    Price

  • June, 2019

  • Jun 21, 2019

    Date

    Sold (Public Records)

    Public Records

    $8,000,000

    Price

  • November, 2017

  • Nov 1, 2017

    Date

    Expired

    CRMLS: NP17098054

    $11,000,000

    Price

  • Jun 5, 2017

    Date

    Withdrawn

    CRMLS: NP17098054

    $11,000,000

    Price

  • Jun 2, 2017

    Date

    Hold

    CRMLS: NP17098054

    $11,000,000

    Price

  • May 4, 2017

    Date

    Active

    CRMLS: NP17098054

    $11,000,000

    Price

  • Listing provided courtesy of CRMLS

    Double wide lot with 60 feet of oceanfront before you and a private swimming pool! First time on the market as this lot/location has been in the family since the early days of Newport. Walking distance to the Newport Harbor Yacht Club, this two story, 5 bedroom, 4 bath home is ready to welcome, kids, grand kids and the whole family. Extraordinary use of wood throughout the home and the carved wood doors were flown in from outside the US. This house has great bones but it needs some TLC. The house has many hidden treasure you have to see to believe. Two car garage and one carport with easy alley access. The private swimming pool is accessible from all the lower level rooms. This home has been a rental for over 15 years. See Virtual Tour.

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Tax History for 706 W Oceanfront

Assessed Value (2020): $8,160,000
Year Land Value Improved Value Assessed Value
2020 $7,689,249 $470,751 $8,160,000

Home Value Compared to the Market

This property vs the competition

706 W Oceanfront sold on July 5, 2019 for 143.11% 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 $2809.18 per/sqft which puts the price per square foot 106.56% higher than the current median sale per square foot for the city of Newport Beach.

About 706 W Oceanfront

Detailed summary of property

706 W Oceanfront is a single family home that recently sold in Newport Beach, CA 92661. This house offered 5 bedrooms, 2.5 bathrooms, roughly 3,202 living square feet, and sits on an approximately 4,200 square foot lot. 706 W Oceanfront was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $7,825,000. 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 143.11% higher than the current median priced home. Local homes that are currently for sale include 1740 E Ocean Blvd, 441 seville and 1232 W Oceanfront. While the average home in Newport Beach, CA is selling in 74 days, 706 W Oceanfront has a days on market of 35 days. There are currently 269 homes for sale in the Newport Beach real estate market and 201 of them are single family homes while 55 of them are condos and 13 are townhomes. For more information on this home for sale at 706 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 706 W Oceanfront

Public county record property details
Beds
4
Baths
4
Year built
1984
Sq. Ft.
3,202
Lot Size
4,200
Stories
2
Type
Single Family Residential
Pool
Yes
Spa
No
County
Orange
Lot#
25
APN
048-023-10

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
$4,625,000
Median Sold Price/Sq.Ft.
$1,741
Total Inventory
45
Median Sale to List Price %
92.59%
Avg Days on Market
69
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (37.5%), Other (37.5%)

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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