1585 E Ocean Boulevard, Newport Beach, California 92661, Newport Beach, 92661 - 5 bed, 3 bath

1585 E Ocean Boulevard, Newport Beach, California 92661 home-pic-0
ACTIVE$8,999,900
1585 E Ocean Boulevard, Newport Beach, California 92661
5Beds
3Baths
4,084Sqft
4,900Lot

Price Vs. Estimate

The estimated value ($8,999,900) is $0 (0%) lower than the list price ($8,999,900). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Coastal Location: Situated just one street from the sand on the coveted Balboa Peninsula, offering unparalleled access to the beach, dining, shopping, and entertainment.
Top Cons:
Property Age: Built in 1931, the property, despite updates, may present ongoing maintenance considerations typical of historic homes.

Compared to the nearby listings

Price:$9.00M vs avg $4.22M (+$4,774,900)81%
Size:4,084 sqft vs avg 2,046 sqft92%
Price/sqft:$2.2K vs avg $2.7K31%

More Insights

Built in 1931 (94 years old).
Condition: This 1931-built Spanish Colonial Revival estate has undergone significant renovations, as evidenced by the 'gourmet kitchen with custom wood cabinetry, granite counters, and Sub-Zero/Viking appliances' and the 'spa-inspired bath featuring heated marble floors, dual vanities, marble slab shower, and soaking tub.' The images confirm high-quality, well-maintained finishes throughout, including hardwood floors and terracotta tiles. While the overall aesthetic leans traditional rather than ultra-modern, the updates are substantial and of high quality, making the property move-in ready with no immediate renovation required. The property's age (built 1931) suggests renovations were likely more than 15 years ago, but the quality of the updates and current condition align with the 'good' criteria of being extensively renovated within 5 to 15 years or having systems well-maintained with minimal wear and tear.
Year Built
1931
Close
-
List price
$9M
Original List price
$9.3M
Price/Sqft
$2,204
HOA
-
Days on market
-
Sold On
-
MLS number
IV25096637
Home ConditionGood
Features
Good View: Neighborhood, Ocean, Peek-A-Boo
Deck
ViewNeighborhood, Ocean, Peek-A-Boo

About this home

Not your average beach bungalow! Set on a rare double lot just one street from the sand, on the coveted Balboa Peninsula, this one-of-a-kind Spanish Colonial Revival estate, channels the charm of a Caribbean-style fortress with arched windows, soaring wood beam ceilings, and wrought iron detailing. Enjoy peek-a-boo ocean views and unmatched curb appeal in a home that’s as iconic as it is inviting. Offering 3+ bedrooms, and 3 full bathrooms, including a private guest/maid’s quarters with separate entrance and staircase, this layout is as flexible as it is functional. The gated front patio is an entertainer’s dream, with authentic Saltillo tile, a built-in fireplace, BBQ/bar, and an ornate fountain anchoring the courtyard. Inside, modern updates seamlessly blend with old-world character: a gourmet kitchen with custom wood cabinetry, granite counters, and Sub-Zero/Viking appliances; a dreamy primary suite with walk-in closet, hardwood floors, and balcony access; and a spa-inspired bath featuring heated marble floors, dual vanities, marble slab shower, and soaking tub. Private alley access to an attached 2-car garage, just steps from the beach and minutes from world-renowned dining, shopping, and entertainment. Gated, private, and dripping with storybook character—this is coastal living with soul.

Nearby schools

9/10
Newport Elementary School
Public,PK-61.8mi
7/10
Horace Ensign Intermediate School
Public,7-82.1mi
7/10
Newport Harbor High School
Public,9-122.3mi
Condition Rating
Good

This 1931-built Spanish Colonial Revival estate has undergone significant renovations, as evidenced by the 'gourmet kitchen with custom wood cabinetry, granite counters, and Sub-Zero/Viking appliances' and the 'spa-inspired bath featuring heated marble floors, dual vanities, marble slab shower, and soaking tub.' The images confirm high-quality, well-maintained finishes throughout, including hardwood floors and terracotta tiles. While the overall aesthetic leans traditional rather than ultra-modern, the updates are substantial and of high quality, making the property move-in ready with no immediate renovation required. The property's age (built 1931) suggests renovations were likely more than 15 years ago, but the quality of the updates and current condition align with the 'good' criteria of being extensively renovated within 5 to 15 years or having systems well-maintained with minimal wear and tear.
Pros & Cons

Pros

Prime Coastal Location: Situated just one street from the sand on the coveted Balboa Peninsula, offering unparalleled access to the beach, dining, shopping, and entertainment.
Unique Architectural Character: A one-of-a-kind Spanish Colonial Revival estate with distinctive Caribbean-style fortress elements, arched windows, wood beam ceilings, and wrought iron detailing, providing unmatched curb appeal.
Luxurious Outdoor Entertaining: Features a gated front patio designed for entertaining, complete with authentic Saltillo tile, a built-in fireplace, BBQ/bar, and an ornate fountain.
High-End Interior Finishes: Boasts a gourmet kitchen with custom cabinetry, granite counters, and Sub-Zero/Viking appliances, complemented by a spa-inspired primary bath with heated marble floors and a soaking tub.
Flexible Layout & Rare Double Lot: Offers a versatile floor plan including private guest/maid's quarters with a separate entrance, all set on a rare double lot providing ample space and potential.

Cons

Property Age: Built in 1931, the property, despite updates, may present ongoing maintenance considerations typical of historic homes.
Limited Ocean Views: The description notes 'peek-a-boo ocean views,' indicating that the ocean vistas are not expansive or panoramic, which might be a consideration for some luxury buyers.
Absence of Central Cooling: There is no mention of a central air conditioning system, which could be a comfort drawback during warmer months, particularly for a high-value property.

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