2212 W Oceanfront, Newport Beach, California 92663, Newport Beach, 92663 - 5 bed, 5 bath
Loading property details...
Newport Beach, California 92663
This Oceanfront Duplex represents a High-Potential Investment Opportunity, listed at $5,795,000—positioned well below the $5,670,163 Fair Market Value by -2%. Featuring a Mint Condition Rating following a comprehensive remodel, the property offers Panoramic Ocean Views and Zoning Flexibility for a third-level addition. Located near Newport Elementary (9/10), this asset provides immediate rental income potential or a luxury coastal lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium, turnkey property in a high-demand coastal market.
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 | $1,889 | - |
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 a new roof and modern interior finishes. The kitchen and bathrooms showcase contemporary shaker cabinetry, stainless steel appliances, and updated tile work, placing the home in mint condition consistent with a renovation completed within the last 5 years.
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 an elite coastal lifestyle with high walkability to Lido Village and the Balboa Fun Zone.
The property features favorable zoning that allows for a potential third-level addition or mixed-use configuration, providing a rare opportunity for value-add expansion in a premium location.
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 upside potential, including the third-level addition and short-term lodging permits, is strictly subject to city approval and buyer verification, which may involve complex regulatory hurdles.
Located in a high-traffic area of the Peninsula, the property may experience limited privacy and increased noise levels due to its proximity to public beach access and popular tourist destinations.
Experience oceanfront living on the Balboa Peninsula with this duplex ideally positioned just steps from the sand in Newport Beach. With amazing Catalina Island, Ocean, and Pier views, along with Coastal breezes and a highly walkable location, the property provides convenient access to nearby Lido Village, the Newport Pier, Balboa Pier, Balboa Fun Zone, Balboa Island Ferry, waterfront dining, shopping, and local coastal attractions. This area is positioned among the closest residential neighborhoods to the ocean on the Peninsula. The property also presents potential future upside with zoning allowing for a third level and/or mixed-use configuration, subject to city approval and Buyer verification. Also appealing to investors seeking short-term lodging opportunities, subject to required permits, and currently represents one of the most attractive price-per-square-foot opportunities among oceanfront residential income properties on the Peninsula. 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 rear patio, featuring 2 bedrooms and 3 bathrooms. Each unit includes an attached garage, additional parking space, 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 offers 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 60% |
| Baths | 5.0 | 3.0 | 80% |
| Square foot | 3,002 | 2,400 | 80% |
| Lot Size | 3,049 | 2,439 | 80% |
| Price | $5.79M | $2.90M | 67% |
| Price per sq ft | $1.9K | $1.9K | 40% |
| Built year | 1965 | 1955 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 176 | 7% |
Jun 1, 2026
$5,795,000
Initial Listing
Oct 29, 2018
$2,800,000
Public Record