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1554 E Oceanfront, Newport Beach, California 92661, Newport Beach, 92661 - 5 bed, 6 bath

1554 E Oceanfront, Newport Beach, California 92661 home-pic-0
ACTIVE$14,200,000
1554 E Oceanfront, Newport Beach, California 92661
5Beds
6Baths
3,649Sqft
3,280Lot

Price Vs. Estimate

The estimated value ($12,679,958.13) is $1,520,041.87 (10%) lower than the list price ($14,200,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
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 = 3280, living area = 3649.

Compared to the nearby listings

Price:$14.20M vs avg $4.22M (+$9,975,000)92%
Size:3,649 sqft vs avg 2,046 sqft92%
Price/sqft:$3.9K vs avg $2.8K85%

More Insights

Built in 2004 (21 years old).
Condition: Built in 2004, this property is move-in ready and well-maintained. The kitchen boasts high-end, sleek appliances and modern cabinetry. However, the dark stone countertops and backsplash, along with some bathroom finishes like the glass block window, reflect its original build era rather than a very recent, extensive renovation. While luxurious and functional, it doesn't meet the 'virtually new' standard for an 'Excellent' rating.
Year Built
2004
Close
-
List price
$14.2M
Original List price
$14.2M
Price/Sqft
$3,891
HOA
-
Days on market
-
Sold On
-
MLS number
OC25108431
Home ConditionGood
Features
Excellent View: Catalina, Ocean, Panoramic
Patio
ViewCatalina, Ocean, Panoramic

About this home

Experience the epitome of luxury beachfront living at 1554 E Oceanfront in Newport Beach, California. This stunning residence, located in the prestigious Balboa Peninsula Point offers a captivating blend of elegance and modern amenities. Boasting five spacious bedrooms and a five-car subterranean garage, this home promises ample space and convenience for both residents and guests. Step in to where the kitchen and living room seamlessly merge to create a harmonious space designed for comfort and elegance. The gourmet kitchen features top-of-the-line appliances, sleek countertops, and ample storage, making it a chef's delight and perfect for both intimate meals and grand entertaining. The adjoining living room is a sanctuary of relaxation, with its open-plan design providing a seamless flow from one area to the next. Expansive sliding glass doors open onto a stunning patio, blurring the lines between indoor and outdoor living and offering uninterrupted views of the majestic ocean. This exquisite setting is perfect for enjoying the tranquility of seaside breezes and breathtaking sunsets, creating a perfect backdrop for both everyday living and memorable Situated on 40 feet of Oceanfront frontage, the residence offers direct access to the beach, making it an ideal retreat for those who cherish the sound of waves and the feel of sand underfoot. The surrounding area is celebrated for its coastal charm and proximity to various amenities, ensuring a lifestyle of comfort and leisure. This exceptional oceanfront home is not just a residence; it's a gateway to a luxurious beachside lifestyle.

Nearby schools

9/10
Newport Elementary School
Public,•PK-6•1.8mi
7/10
Horace Ensign Intermediate School
Public,•7-8•2.1mi
7/10
Newport Harbor High School
Public,•9-12•2.3mi
Condition Rating
Good
Built in 2004, this property is move-in ready and well-maintained. The kitchen boasts high-end, sleek appliances and modern cabinetry. However, the dark stone countertops and backsplash, along with some bathroom finishes like the glass block window, reflect its original build era rather than a very recent, extensive renovation. While luxurious and functional, it doesn't meet the 'virtually new' standard for an 'Excellent' rating.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Oceanfront Location: The property boasts 40 feet of direct oceanfront frontage in the prestigious Balboa Peninsula Point, offering unparalleled access to the beach and a highly sought-after address in Newport Beach.
Panoramic Ocean Views: Enjoy uninterrupted, majestic ocean views, including Catalina Island, from expansive sliding glass doors that seamlessly blend indoor and outdoor living spaces.
Exceptional Parking Capacity: A rare and highly valuable five-car subterranean garage provides ample and secure parking, a significant advantage in this dense coastal community.
Luxurious & Modern Interior: The residence features a captivating blend of elegance and modern amenities, including a gourmet kitchen with top-of-the-line appliances, sleek countertops, and an open-plan design.
Spacious Living Accommodations: With five spacious bedrooms and six bathrooms across 3649 sqft, the home offers generous living space suitable for both residents and guests.

Cons

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 = 3280, living area = 3649.
Pricing Discrepancy: The current listing price of $14.2 million is 10% higher than the estimated property value of approximately $12.68 million, which may require strong justification or lead to negotiation.
Potential for Dated Elements: Built in 2004, while described as having modern amenities, some interior elements or systems may not reflect the absolute latest in luxury design or smart home technology without recent, unmentioned updates.
Limited Additional Outdoor Amenities: Beyond the stunning patio and direct beach access, the property description does not highlight additional luxury outdoor features such as a private pool/spa or a dedicated rooftop deck, which are sometimes present in comparable high-end oceanfront properties.

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