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

206 E Oceanfront, Newport Beach, California 92661 home-pic-0
ACTIVE$6,595,000$1,583/sqft
206 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:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.

Compared to the nearby listings

Price:$6.59M vs avg $4.40M (+$2,195,000)62%
Size:1,583 sqft vs avg 2,053 sqft31%
Price/sqft:$4.2K vs avg $2.6K93%

More Insights

Built in 1933 (93 years old).
Condition: Despite being built in 1933, the property has clearly undergone an extensive and recent renovation. The kitchen features modern white shaker cabinets, stainless steel appliances, quartz countertops, and a contemporary subway tile backsplash. Bathrooms are fully updated with modern vanities, white subway tile, glass shower enclosures, and updated fixtures. Flooring consists of modern large grey tiles downstairs and well-maintained hardwood upstairs. All visible components appear new or virtually new, reflecting current quality standards and a move-in ready condition with no deferred maintenance.
Year Built
1933
Close
-
List price
$6.59M
Original List price
$6.59M
Price/Sqft
$4,166
HOA
-
Days on market
-
Sold On
-
MLS number
2601147SD
Home ConditionExcellent
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.

R
Ryan Donigan
Listing Agent

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

Price History

Date
Event
Price
12/16/21
Sold
$2,900,000
Condition Rating
Excellent
Despite being built in 1933, the property has clearly undergone an extensive and recent renovation. The kitchen features modern white shaker cabinets, stainless steel appliances, quartz countertops, and a contemporary subway tile backsplash. Bathrooms are fully updated with modern vanities, white subway tile, glass shower enclosures, and updated fixtures. Flooring consists of modern large grey tiles downstairs and well-maintained hardwood upstairs. All visible components appear new or virtually new, reflecting current quality standards and a move-in ready condition with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Beachfront Location: Directly on the sand in the heart of Newport Beach, offering unparalleled access to the ocean and boardwalk, a highly coveted and rare position.
Short-Term Rental Permit: Possession of a rare and highly sought-after short-term lodging permit, enabling significant income generation through platforms like Airbnb.
Unobstructed Panoramic Views: Features breathtaking, unobstructed views of the Newport Pier, Catalina Island, and the Pacific Ocean, enhancing desirability and value.
Versatile Investment Opportunity: Offers flexibility as a full-time residence, a luxurious vacation retreat, or a high-demand investment property with strong rental income potential.
Private Outdoor Deck: Includes a private outdoor deck, perfect for enjoying ocean breezes, morning coffee, and sunset cocktails, a key amenity for beachfront living.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Age of Property: Built in 1933, the property may require significant updates to systems, infrastructure, and energy efficiency to meet modern standards or prevent future maintenance issues.
Modest Square Footage for Price Point: At 1,583 sq ft, the interior living space is relatively modest for a property commanding a $6.595 million price tag, potentially limiting appeal for buyers seeking larger homes.
Potential Parking Limitations: The description does not specify parking provisions, which can be a significant challenge and inconvenience for beachfront properties in popular, dense areas like Newport Beach.
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