
Newport Beach, California 92661
This Turnkey Oceanfront Residence is listed at $12,999,999, positioned slightly above the $12,441,745 Fair Market Value. Featuring a Condition Rating of 3, the home offers a refreshed interior with a Viking/Sub-Zero kitchen and panoramic ocean views. Located in the Newport Mesa Unified district near the 9/10 rated Newport Elementary, the property provides a rare five-vehicle parking capacity and a deep-lot patio. While the market has seen a longer duration, the home remains a premier coastal asset. This is an ideal acquisition for Luxury Homeowners or Coastal Investors seeking a move-in ready trophy property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1228 W Oceanfront Subject | $12,999,999* List Price | 3 | 4 | 3,669 | $3,391 | - |
A 1344 W Bay Avenue Sold | $10,500,000 | 4 | 3 | 2,922 | $3,593 | 0.2 mi |
B 706 W Oceanfront Sold | $14,900,000 | 4 | 6 | 4,489 | $3,319 | 0.5 mi |
C 1444 W Bay Active | $11,999,000 List Price | 4 | 4 | 3,641 | $3,296 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was comprehensively renovated in 2018 (8 years ago), which falls within the 5-15 year renovation window for a 'Good' rating. The interior features a high-end kitchen with Viking and Sub-Zero appliances, updated bathrooms, and modern systems like a tankless water heater. It is well-maintained and move-in ready.
Elementary School: Newport Elementary School (9/10).
Rare for the Balboa Peninsula, this property features a three-car garage plus two additional outside spaces, providing a total of five parking spots in a high-demand coastal area.
Situated on a deeper-than-average 102.5-foot lot, the residence offers a generous brick patio and expansive Pacific views that are difficult to replicate in this high-density neighborhood.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3735, living area = 3669.
With 115 days on the market and multiple price reductions from the original list price, the property may be facing challenges in aligning with current buyer valuations.
The boardwalk-front location, while offering direct beach access, results in high pedestrian traffic and potential noise, which may compromise the sense of privacy for the residents.
Set on one of the Peninsula’s deeper oceanfront lot segments, with approximately 102.5 feet of depth, this boardwalk-front residence offers roughly 3,669 square feet, sweeping Pacific views, a generous brick patio steps from the sand, and an unusually capable parking package: a three-car garage plus two additional outside spaces. The professionally decorated interior was comprehensively refreshed in 2018, including the kitchen, flooring, primary bath, and guest bedrooms. Wide ocean-facing doors connect the main living spaces to the patio for everyday coastal living and entertaining. The open kitchen features a custom marble island, Viking range, and Sub-Zero refrigerator. An ocean-view office adjoining the primary suite provides a dedicated work-from-home retreat, while the large flex room—currently arranged for billiards—can serve as a media room, den, studio, or additional gathering space. Additional features include a tankless water heater and vaulted ceilings in the three-car garage. Positioned along the boardwalk west of Newport Pier and a short walk from Newport Elementary, 1228 W Oceanfront combines deep-lot scale, flexible interiors, broad ocean views, and parking for five vehicles in a package that is difficult to replicate on the Peninsula. Property being advertised as furnished with the sale.
No exterior & parking available.
Grades PK-6 • 0.1 mi
Grades 7-8 • 0.9 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 4.0 | 4.0 |
| Square foot | 3,669 | 2,868 |
| Lot Size | 3,735 | 6,914 |
| Price | $13.00M | $4.44M |
| Price per sq ft | $3.5K | $1.6K |
| Built year | 1998 | 1970 |
| HOA | $0 | $430 |
| Days on market | 123 | 59 |
Jun 25, 2026
$12,999,999
$13,349,000
-3% Price Drop
Initial Listing
May 2, 2026
$13,349,000
$13,799,000
-3% Price Drop
Initial Listing
Mar 21, 2026
$13,799,000
Initial Listing
Aug 25, 2017
$6,550,000
Public Record
Apr 25, 1997
$855,000
Public Record