218 E Oceanfront, Newport Beach, California 92661, Newport Beach, 92661 - 4 bed, 4 bath

218 E Oceanfront, Newport Beach, California 92661 home-pic-0

218 E Oceanfront

Newport Beach, California 92661

ACTIVE
CONDITION: EXCELLENT
4Beds
4Baths
2,650Sq Ft
2,400Lot Size

Property Price

LIST PRICE$10,995,000
EST. MARKET VALUE
$9,933,251
10% AboveMARKET VALUE

SUMMARY

Analysis of 218 E Oceanfront, Newport Beach, California 92661 reveals a property with a current list price of $10,995,000, which is 10% above the estimated $9,933,251 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$9,933,251
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
218 E Oceanfront
Subject
$10,995,000*
List Price
442,650$3,748-
A
310 E Oceanfront
Sold
$8,425,000442,576$3,2710.0 mi
B
505 W Edgewater Avenue
Sold
$12,750,000453,208$3,9740.2 mi
C
1703 E Ocean Boulevard
Sold
$10,200,000453,452$2,9551.0 mi
D
1344 W Bay Avenue
Active
$11,200,000
List Price
432,922$3,8330.9 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This property was newly rebuilt and completed in 2024, making it brand new. The description highlights high-end features throughout, including a gourmet kitchen with Wolf, Cove, and Sub-Zero appliances, polished Calacatta quartzite countertops, custom cabinetry, and a butler's pantry. Bathrooms feature oversized showers, freestanding tubs, and modern fixtures. Richard Marshall hardwood flooring, Savant smart-home automation, and designer lighting further confirm its top-tier, new construction status. All components are new, meeting the highest current quality standards with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Newport Elementary School (9/10).

  • Prime Oceanfront Location & Rare Corner Lot

    Situated directly on the sand on Newport Beach’s Balboa Peninsula, this residence boasts a rare corner lot, offering unparalleled ocean access and exposure.

  • Brand New, High-End Construction (2024)

    Newly rebuilt and completed in 2024 by Burkhart Brothers Construction, the home features contemporary design, superior craftsmanship, and is recognized for its architectural excellence, as seen in "Architectural Digest".

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 2650, other record living area = 2577.

  • 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 = 2400, living area = 2650.

  • High Price Point

    With a list price of nearly $11 million, the property targets a very exclusive buyer demographic, potentially limiting the pool of interested parties.

About 218 E Oceanfront

As seen in "Architectural Digest", this newly rebuilt oceanfront residence is located on a rare corner lot directly on the sand on Newport Beach’s Balboa Peninsula. Completed in 2024 by Burkhart Brothers Construction, the approximately 2,650 square foot home was designed to capture ocean views from both the main and upper levels. The exterior features a contemporary blend of wood, stone, glass, and standing-seam metal roofing, complemented by professionally designed landscaping and exterior lighting. The interior offers four bedrooms and three and one-half baths with an open and functional layout. The first level opens via a wall of motorized auto-open Awake glass doors to a beachfront patio with built-in BBQ, creating seamless indoor-outdoor living. The main living area includes a great room with fireplace and dining area that flows directly to a kitchen designed for culinary use and gatherings. The kitchen’s large two-tier island is designed for food preparation and serving guests, while polished Calacatta quartzite countertops feature pop-up outlets and waterfall edges. Custom cabinetry provides specialized storage for spices and utensils, with Rev-A-Shelf systems and a roll-out pantry enhancing convenience. Together with its butler’s pantry, the kitchen hosts a full suite of Wolf, Cove, and Sub-Zero appliances. The second level is accessed via a floating three-tier staircase and includes a loft, secondary bedrooms, and a primary suite with vaulted ceilings, fireplace, private ocean-view deck, walk-in closet, and bath with oversized shower and freestanding tub. Richard Marshall hardwood flooring extends throughout the upper level. Additional features include a garage with vehicle lift for a third car, Savant smart-home automation, and designer lighting, plumbing fixtures, and hardware throughout. Conveniently located near the Balboa Pier, Newport Harbor, dining, shopping, and coastal amenities.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2024
Lot Size
2,400 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Newport Beach Unified Schools

Newport Elementary School

Grades PK-6 • 0.9 mi

9/10

Horace Ensign Intermediate School

Grades 7-8 • 1.3 mi

7/10

Newport Harbor High School

Grades 9-12 • 1.5 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
58%
Baths4.04.0
50%
Square foot2,6502,315
65%
Lot Size2,4002,614
32%
Price$10.99M$4.50M
84%
Price per sq ft$4.1K$2.5K
94%
Built year20241990
94%
HOA$0$0
50%
Days on market34177
3%

Pricing History

Listed for Sale

Feb 1, 2026

$10,995,000

Initial Listing

Sold

Jan 9, 2023

$7,600,000

Public Record

Sold

Apr 12, 2022

$5,250,000

Public Record

Sold

Dec 5, 1997

$789,000

Public Record

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