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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$13,995,000
1554 E Oceanfront, Newport Beach, California 92661
5Beds
6Baths
3,649Sqft
3,280Lot

Price Vs. Estimate

The estimated value ($13,756,695.82) is $238,304.18 (1%) lower than the list price ($13,995,000). 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:$13.99M vs avg $4.22M (+$9,770,000)92%
Size:3,649 sqft vs avg 2,046 sqft92%
Price/sqft:$3.8K vs avg $2.8K85%

More Insights

Built in 2004 (21 years old).
Condition: Built in 2004, this property presents as virtually new, showcasing a high level of modern luxury and meticulous maintenance. The gourmet kitchen features sleek grey cabinetry, black marble countertops, and integrated stainless steel appliances, all appearing top-of-the-line and contemporary. Bathrooms are equally modern with clean lines, light wood vanities, tiled showers/tubs with glass enclosures, and recessed lighting. Hardwood and terrazzo-like flooring throughout the main living areas are in pristine condition. The overall aesthetic, lighting, and finishes meet current quality standards with no visible deferred maintenance or physical depreciation, strongly suggesting either a timeless, high-end build or extensive recent renovations.
Year Built
2004
Close
-
List price
$13.99M
Original List price
$13.99M
Price/Sqft
$3,835
HOA
-
Days on market
-
Sold On
-
MLS number
OC25146521
Home ConditionExcellent
Features
Excellent View: Catalina, Coastline, Ocean, Water
Patio
ViewCatalina, Coastline, Ocean, Water

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
Excellent
Built in 2004, this property presents as virtually new, showcasing a high level of modern luxury and meticulous maintenance. The gourmet kitchen features sleek grey cabinetry, black marble countertops, and integrated stainless steel appliances, all appearing top-of-the-line and contemporary. Bathrooms are equally modern with clean lines, light wood vanities, tiled showers/tubs with glass enclosures, and recessed lighting. Hardwood and terrazzo-like flooring throughout the main living areas are in pristine condition. The overall aesthetic, lighting, and finishes meet current quality standards with no visible deferred maintenance or physical depreciation, strongly suggesting either a timeless, high-end build or extensive recent renovations.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Direct Oceanfrontage & Beach Access: Unparalleled 40 feet of oceanfront with direct beach access in the prestigious Balboa Peninsula Point, offering an exclusive beachside lifestyle.
Panoramic Ocean Views: Expansive sliding glass doors provide uninterrupted views of the majestic ocean, Catalina, coastline, and breathtaking sunsets, enhancing the property's allure.
Luxury & Modern Amenities: The residence embodies luxury beachfront living with a gourmet kitchen featuring top-of-the-line appliances, sleek countertops, and a modern open-plan design.
Generous Subterranean Parking: A highly desirable five-car subterranean garage offers significant convenience and secure parking, a rare and valuable asset in a prime coastal location.
Spacious & Elegant Living: Boasting five spacious bedrooms and six baths across 3,649 sqft, the home is designed for comfort, elegance, and seamless indoor-outdoor living.

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.
Exclusivity of Price Point: The $13.995 million list price positions this property in a highly exclusive market segment, significantly limiting the pool of potential buyers.
Limited Lot Size: While common for oceanfront properties, the 3,280 sqft lot size is relatively compact and may not appeal to buyers seeking extensive private outdoor space beyond the direct beach access.
Absence of Mentioned Cooling System: The property description highlights 'seaside breezes' but does not explicitly mention a cooling system (e.g., air conditioning), which could be a consideration for comfort during warmer periods for a luxury residence.

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