1516 E Ocean Front, Newport Beach, California 92661, Newport Beach, 92661 - 5 bed, 4 bath

1516 E Ocean Front
Newport Beach, California 92661
Property Price
SUMMARY
Analysis of 1516 E Ocean Front, Newport Beach, California 92661 reveals a Fairly Priced Property with a current list price of $11,199,000 aligned with the estimated $11,165,838 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1516 E Ocean Front Subject | $11,199,000* List Price | 5 | 4 | 3,083 | $3,622 | - |
A 1909 E Bay Sold | $14,400,000 | 4 | 4 | 3,558 | $4,047 | 0.3 mi |
B 2132 E Oceanfront Sold | $11,360,000 | 3 | 4 | 3,307 | $3,435 | 0.4 mi |
C 1703 E Ocean Boulevard Sold | $10,200,000 | 4 | 5 | 3,452 | $2,955 | 0.1 mi |
D 310 E Oceanfront Sold | $8,425,000 | 4 | 4 | 2,576 | $3,271 | 0.8 mi |
E 1554 E Oceanfront Active | $13,995,000 List Price | 5 | 6 | 3,649 | $3,835 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1963, this property has undergone an extensive and high-end 'reimagined' renovation within the last 5 years. The interior features a modern Nantucket-style aesthetic with a gourmet kitchen equipped with premium stainless steel appliances, updated luxury bathrooms with contemporary stone finishes, high-quality hardwood flooring, and modern recessed lighting. The home is presented in turnkey condition with no visible deferred maintenance, meeting the highest standards of coastal luxury.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Newport Elementary School (9/10).
- Premier Oceanfront Location
Situated on a rare oversized lot on Balboa Peninsula Point, this home offers direct beach access and unobstructed whitewater views from both levels.
- Exceptional Parking Capacity
The property features four-car parking, including an oversized two-car garage, which is a highly coveted and rare amenity in this high-density coastal community.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3720, living area = 3083.
- Vintage Structural Core
Originally constructed in 1963, the property may require more intensive long-term maintenance compared to modern new-construction homes in the area.
- Limited Public Privacy
Its prime location on the Ocean Front boardwalk means significant pedestrian traffic and potential noise from beachgoers, which may impact the sense of seclusion.
About 1516 E Ocean Front
Oceanfront living on the Peninsula Point—set on a rare oversized lot—this reimagined Nantucket-style beach home captures the spirit of Newport Beach coastal luxury with front-row whitewater views and effortless indoor-outdoor flow. With the beach at your doorstep, the residence offers a premier oceanfront address paired with a lifestyle defined by surf, sunsets, and seaside ease. A charming garden courtyard entry creates a sense of arrival, opening to expansive ocean-view living, dining, and kitchen spaces where walls of glass frame the Pacific and French doors lead to a wide beachfront patio—ideal for al fresco dining, weekend brunches, and sunset entertaining. The flexible five-bedroom layout includes a main-level guest suite, while the upstairs oceanfront primary retreat features a private sitting room or office and an expansive terrace with panoramic sunrise-to-sunset coastline views. A spacious bonus/media room adds versatility for gatherings, work-from-home, or game nights after a day at the beach. Four-car parking—anchored by an oversized two-car garage—provides an exceptional Peninsula amenity. From early mornings at The Wedge and bike rides along the Newport Beach boardwalk to paddle boarding on the bay and evenings on your own oceanfront patio, this home delivers the full Peninsula Point lifestyle. Turnkey, oceanfront, and set on an oversized parcel, this Nantucket-inspired residence is a rare Newport Beach opportunity for those seeking a move-in-ready beachfront home in one of the coast’s most sought-after communities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 3,720 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Elementary School
Grades PK-6 • 1.7 mi
Horace Ensign Intermediate School
Grades 7-8 • 2.0 mi
Newport Harbor High School
Grades 9-12 • 2.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,083 | 2,315 | 77% |
| Lot Size | 3,720 | 2,614 | 84% |
| Price | $11.20M | $4.50M | 84% |
| Price per sq ft | $3.6K | $2.5K | 81% |
| Built year | 1963 | 1980 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 177 | 3% |
Pricing History
Listed for Sale
Feb 26, 2026
$11,199,000
Initial Listing
Sold
Mar 18, 2021
$8,275,000
Public Record














































