2212 W Oceanfront, Newport Beach, California 92663, Newport Beach, 92663 - 5 bed, 5 bath
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Newport Beach, California 92663
This Oceanfront Duplex represents a High-Potential Investment Opportunity, listed at $5,795,000—positioned slightly above the $5,643,145 Fair Market Value. Recently remodeled with an Excellent Condition Rating, this asset features modern interiors, a new roof, and Panoramic Ocean Views. With zoning potential for a third-level addition and short-term rental flexibility, it offers significant upside in a prime, walkable location near Top-Rated Schools like Newport Elementary. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury coastal lifestyle with income-generating potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2212 W Oceanfront Subject | $5,795,000* List Price | 5 | 5 | 3,002 | $1,880 | - |
A 2202 W Oceanfront Active | $5,990,000 List Price | 5 | 5 | 3,400 | $1,762 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1965, the property has undergone a comprehensive recent remodel featuring modern finishes, a new roof, and updated interiors. The kitchens and bathrooms showcase contemporary shaker cabinetry, stainless steel appliances, and recessed lighting, placing it in the 'Excellent' category due to the high-quality, recent renovation (under 5 years) and mint condition.
Elementary School: Newport Elementary School (9/10).
Situated directly on the sand with panoramic views of Catalina Island and the Newport Pier, this property offers a rare and highly desirable coastal lifestyle in a highly walkable neighborhood.
The property features zoning potential for a third-level addition or mixed-use configuration, alongside attractive short-term rental possibilities and a competitive price-per-square-foot for the area.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3049, other record lot size in square feet = 3110.
Future development plans, including the third-level addition and short-term lodging permits, are strictly subject to city approval and buyer verification, posing a potential hurdle for expansion.
Located in a popular tourist destination near the pier and Balboa Fun Zone, the property may experience significant noise and foot traffic, particularly during peak summer months.
Seller financing may be available for qualified buyers. Experience oceanfront living on the Balboa Peninsula with this duplex ideally positioned just steps from the sand in Newport Beach. Offering stunning Catalina Island, ocean, and pier views, along with coastal breezes and a highly walkable location, this property presents a rare opportunity in one of the Peninsula’s most desirable oceanfront settings. Conveniently located near Lido Village, Newport Pier, Balboa Pier, Balboa Fun Zone, Balboa Island Ferry, waterfront dining, shopping, and local coastal attractions, this location is among the Peninsula’s closest residential neighborhoods to the ocean. The property also offers future upside with zoning that may allow for a third level and/or mixed-use configuration, subject to city approval and buyer verification. It may also appeal to investors seeking short-term lodging opportunities, subject to required permits. Remodeled with a new roof and updated interiors featuring modern finishes, the residence offers a flexible layout suited for personal use, rental income, or a combination of both. Large windows and sliding glass doors bring in abundant natural light while capturing water and pier views from multiple living areas. Outdoor spaces include a balcony on each level and a private rear patio designed for indoor-outdoor entertaining. First Floor Unit: Open-concept living area with kitchen and balcony, featuring 3 bedrooms and 2 bathrooms. Second Floor Unit: Open-concept living area with kitchen, balcony, and private rear patio, featuring 2 bedrooms and 3 bathrooms. Each unit includes an attached garage, additional parking, indoor laundry, and storage. Nearby amenities include surfing, paddleboarding, boating, yacht charters, biking paths, Fashion Island, Crystal Cove State Park, and the vibrant Newport Harbor lifestyle. Whether used as a second home, income property, or long-term investment, this duplex presents a rare opportunity in one of the Peninsula’s most desirable oceanfront locations. Rear patio furniture and third-level addition shown are renderings for illustration purposes only.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades PK-6 • 0.6 mi
Grades 7-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 5.0 |
| Baths | 5.0 | 4.0 |
| Square foot | 3,002 | 2,174.5 |
| Lot Size | 3,049 | 2,614 |
| Price | $5.79M | $3.35M |
| Price per sq ft | $1.9K | $1.7K |
| Built year | 1965 | 1964 |
| HOA | $0 | $0 |
| Days on market | 51 | 125 |
Jun 1, 2026
$5,795,000
Initial Listing
Oct 29, 2018
$2,800,000
Public Record