3312 W Oceanfront, Newport Beach, California 92663, Newport Beach, 92663 - 4 bed, 5 bath

3312 W Oceanfront, Newport Beach, California 92663 home-pic-0
ACTIVE$10,000,000
3312 W Oceanfront, Newport Beach, California 92663
4Beds
5Baths
2,800Sqft
2,250Lot

Price Vs. Estimate

The estimated value ($7,533,092.68) is $2,466,907.32 (24%) lower than the list price ($10,000,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Newport Elementary School (9/10).
Top Cons:
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 = 2250, living area = 2800.

Compared to the nearby listings

Price:$10.00M vs avg $4.45M (+$5,550,000)93%
Size:2,800 sqft vs avg 2,456 sqft60%
Price/sqft:$3.6K vs avg $1.8K92%

More Insights

Built in 1957 (68 years old).
Condition: Despite being built in 1957, the property has undergone an extensive, high-end modern renovation, making it virtually new. The kitchen features top-of-the-line stainless steel appliances, including a Sub-Zero refrigerator, custom cabinetry, and elegant countertops. Bathrooms are spa-style with modern fixtures, soaking tubs, and steam showers. The overall design is contemporary, with modern flooring, lighting, and smart home features, all indicating pristine condition with no deferred maintenance.
Year Built
1957
Close
-
List price
$10M
Original List price
$10M
Price/Sqft
$3,571
HOA
-
Days on market
-
Sold On
-
MLS number
NP25146526
Home ConditionExcellent
Features
Excellent View: Bay, Back Bay, Bluff, Canal, Catalina, City Lights, Coastline, Harbor, Hills, Marina, Mountain(s), Neighborhood, Ocean, Panoramic, Pier
Deck
Spa
ViewBay,Back Bay,Bluff,Canal,Catalina,City Lights,Coastline,Harbor,Hills,Marina,Mountain(s),Neighborhood,Ocean,Panoramic,Pier

About this home

Discover a rare opportunity to own a modern beachfront home in one of Newport Beach’s most coveted locations. Ideally positioned on the boardwalk at 34th Street, this three-story residence—with a transferable short-term lodging permit—offers sweeping ocean and Catalina Island views, high-end design, and effortless coastal living just steps from the sand. Designed to maximize natural light and capture panoramic vistas, the home features floor-to-ceiling infinity glass doors on all three levels, seamlessly blending indoor and outdoor spaces. The main level showcases an open-concept layout anchored by a chef’s kitchen with stainless steel appliances, Sub-Zero refrigerator, custom cabinetry, and elegant countertops—perfect for both everyday living and entertaining. Upstairs, three spacious bedrooms each offer ensuite baths and walk-in closets. The luxurious primary suite opens to a private ocean-facing deck and includes a spa-style bath with soaking tub, steam shower, separate water closet, and expansive closet space. A third-floor bonus room with a full bath opens to the rooftop deck, where a boardwalk-facing hot tub, lounge seating, and retractable awning create the perfect space to unwind or entertain. Additional amenities include a full-size laundry room with generous storage, smart TVs throughout, USB-integrated outlets, a modern security system with exterior cameras, and a two-car garage with EV charging outlets. Currently operated as one of Newport Beach’s highest-performing short-term vacation rentals, this property delivers strong, consistent income. It has been professionally managed for over a decade, and the current owner has maintained it in pristine condition. Its prime oceanfront location, turnkey condition, and rare transferable permit make it a standout investment for buyers seeking a hybrid of lifestyle and income potential. Whether you're looking for a full-time residence, second home, or income-producing coastal retreat, this exceptional property offers immediate value—and a rare chance to own a proven performer in one of Southern California’s most iconic beachfront communities. (Verified income records available upon request; short-term lodging permit transfers to the buyer.)

Nearby schools

8/10
Newport Heights Elementary School
Public,K-61.0mi
9/10
Newport Elementary School
Public,PK-61.1mi
7/10
Horace Ensign Intermediate School
Public,7-81.1mi
7/10
Newport Harbor High School
Public,9-121.4mi
Condition Rating
Excellent

Despite being built in 1957, the property has undergone an extensive, high-end modern renovation, making it virtually new. The kitchen features top-of-the-line stainless steel appliances, including a Sub-Zero refrigerator, custom cabinetry, and elegant countertops. Bathrooms are spa-style with modern fixtures, soaking tubs, and steam showers. The overall design is contemporary, with modern flooring, lighting, and smart home features, all indicating pristine condition with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Newport Elementary School (9/10).
Prime Beachfront Location: Ideally positioned directly on the boardwalk at 34th Street in one of Newport Beach’s most coveted locations, offering immediate access to the sand and coastal lifestyle.
Exceptional Views: The property boasts sweeping ocean and Catalina Island views from multiple levels, enhanced by floor-to-ceiling infinity glass doors and a rooftop deck.
Strong Income Potential: Includes a rare transferable short-term lodging permit and has a proven track record as one of Newport Beach’s highest-performing vacation rentals, delivering consistent income.
High-End Modern Design & Amenities: Features a modern design with a chef’s kitchen (Sub-Zero, custom cabinetry), spa-style primary bath (soaking tub, steam shower), rooftop hot tub, smart home features, and EV charging in the garage.
Turnkey Condition & Professional Management: Maintained in pristine condition by the current owner and professionally managed for over a decade, offering a truly turnkey investment or residence.

Cons

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 = 2250, living area = 2800.
Significant Price Discrepancy: The listing price of $10,000,000 is substantially higher than the estimated property value of $7,533,092.68, suggesting a potentially aggressive pricing strategy.
Limited Lot Size: With a lot size of 2,250 sqft, the property offers limited outdoor space, which may be a consideration for buyers seeking larger grounds for a luxury oceanfront home.
Potential for Noise and Privacy Concerns: Its direct location on the boardwalk, while offering unparalleled access, may expose residents to increased foot traffic and noise, potentially impacting privacy.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state