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

1516 E Ocean Front, Newport Beach, California 92661 home-pic-0

1516 E Ocean Front

Newport Beach, California 92661

ACTIVE
CONDITION: EXCELLENT
5Beds
4Baths
3,083Sq Ft
3,720Lot Size

Property Price

LIST PRICE$11,199,000
EST. MARKET VALUE
$11,165,838

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

$11,165,838
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1516 E Ocean Front
Subject
$11,199,000*
List Price
543,083$3,622-
A
1909 E Bay
Sold
$14,400,000443,558$4,0470.3 mi
B
2132 E Oceanfront
Sold
$11,360,000343,307$3,4350.4 mi
C
1703 E Ocean Boulevard
Sold
$10,200,000453,452$2,9550.1 mi
D
310 E Oceanfront
Sold
$8,425,000442,576$3,2710.8 mi
E
1554 E Oceanfront
Active
$13,995,000
List Price
563,649$3,8350.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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

9/10

Horace Ensign Intermediate School

Grades 7-8 • 2.0 mi

7/10

Newport Harbor High School

Grades 9-12 • 2.2 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.0
90%
Baths4.04.0
50%
Square foot3,0832,315
77%
Lot Size3,7202,614
84%
Price$11.20M$4.50M
84%
Price per sq ft$3.6K$2.5K
81%
Built year19631980
45%
HOA$0$0
50%
Days on market9177
3%

Pricing History

Listed for Sale

Feb 26, 2026

$11,199,000

Initial Listing

Sold

Mar 18, 2021

$8,275,000

Public Record

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