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206 E E Oceanfront, Newport Beach, California 92661, Newport Beach, 92661 - 3 bed, 3 bath

206 E E Oceanfront, Newport Beach, California 92661 home-pic-0
ACTIVE$6,995,000
206 E E Oceanfront, Newport Beach, California 92661
3Beds
3Baths
1,583Sqft
2,400Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
Age of Property: Built in 1933, the home may require significant updates or ongoing maintenance to meet contemporary luxury standards and address potential aging infrastructure.

Compared to the nearby listings

Price:$7.00M vs avg $4.22M (+$2,770,000)73%
Size:1,583 sqft vs avg 1,927 sqft35%
Price/sqft:$4.4K vs avg $2.8K92%

More Insights

Built in 1933 (92 years old).
Condition: Despite being built in 1933, this property has clearly undergone extensive renovation, likely within the last 5-15 years, bringing it to a modern standard. The kitchen features contemporary white shaker cabinets, solid surface countertops, a stylish blue subway tile backsplash, and modern stainless steel appliances. Bathrooms also appear updated with modern vanities and fixtures. Flooring is a mix of modern large-format tile downstairs and well-maintained hardwood upstairs. Lighting is updated with recessed lights and modern fixtures. The overall aesthetic is clean, fresh, and move-in ready, aligning with the 'good' criteria of being extensively renovated within 5-15 years and having well-maintained systems with minimal wear and tear. While the original structure is old, the visible interior and exterior finishes suggest a significant recent overhaul.
Year Built
1933
Close
-
List price
$7M
Original List price
$7.29M
Price/Sqft
$4,419
HOA
-
Days on market
-
Sold On
-
MLS number
250036303SD
Home ConditionGood
Features
Excellent View:
Patio
View-

About this home

Vacation home with a short term lodging permit! Beachfront living in the HEART of Newport Beach! Step right onto the sand from this rare 3 bed, 2 bath and 1 half bath, 2-story coastal home, perfectly situated on the boardwalk with unobstructed views of the Newport Pier, Catalina Island, and the sparkling Pacific Ocean. Spanning 1,583 sq ft, this home combines relaxed seaside living with an unbeatable location. What truly sets this property apart is its short-term rental permit a rare and highly coveted opportunity in Newport Beach. Live here full-time, enjoy it as a vacation retreat, or generate exceptional income through Airbnb. Enjoy morning coffee or sunset cocktails from your private outdoor deck as the ocean breeze drifts in. Inside, an open concept layout, sun filled living spaces, and three generously sized bedrooms make it ideal for family living, weekend getaways, or entertaining. Whether you’re looking for a family friendly escape or a high demand investment property, this home offers the best of both worlds right on the sand in one of California’s most iconic coastal destinations.

Nearby schools

9/10
Newport Elementary School
Public,•PK-6•0.9mi
7/10
Horace Ensign Intermediate School
Public,•7-8•1.2mi
7/10
Newport Harbor High School
Public,•9-12•1.5mi
Condition Rating
Good
Despite being built in 1933, this property has clearly undergone extensive renovation, likely within the last 5-15 years, bringing it to a modern standard. The kitchen features contemporary white shaker cabinets, solid surface countertops, a stylish blue subway tile backsplash, and modern stainless steel appliances. Bathrooms also appear updated with modern vanities and fixtures. Flooring is a mix of modern large-format tile downstairs and well-maintained hardwood upstairs. Lighting is updated with recessed lights and modern fixtures. The overall aesthetic is clean, fresh, and move-in ready, aligning with the 'good' criteria of being extensively renovated within 5-15 years and having well-maintained systems with minimal wear and tear. While the original structure is old, the visible interior and exterior finishes suggest a significant recent overhaul.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Beachfront Location: Directly on the sand and boardwalk in the heart of Newport Beach, offering unparalleled access and a highly coveted lifestyle.
Rare Short-Term Rental Permit: A significant and highly sought-after asset in Newport Beach, providing exceptional income generation potential through vacation rentals.
Unobstructed Panoramic Views: Features breathtaking, unobstructed views of the Newport Pier, Catalina Island, and the Pacific Ocean, enhancing property value and appeal.
Strong Investment Opportunity: Combines a prime location, income-generating potential, and high demand for both personal use and rental, making it a robust investment.
Private Outdoor Deck: Offers a dedicated space for enjoying the ocean breeze, views, and coastal living experience directly from the property.

Cons

Age of Property: Built in 1933, the home may require significant updates or ongoing maintenance to meet contemporary luxury standards and address potential aging infrastructure.
Recent Price Reductions: Multiple price adjustments from the original listing suggest potential market resistance or initial overpricing, which could impact buyer perception.
Limited Lot Size: The 2,400 sq ft lot is relatively small, which may limit extensive private outdoor amenities or future expansion possibilities beyond the existing footprint.

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