3407 W Oceanfront, Newport Beach, California 92663, Newport Beach, 92663 - 3 bed, 3 bath

3407 W Oceanfront, Newport Beach, California 92663 home-pic-0

3407 W Oceanfront

Newport Beach, California 92663

ACTIVE
CONDITION: GOOD
3Beds
3Baths
2,741Sq Ft
2,625Lot Size

Property Price

LIST PRICE$12,750,000
EST. MARKET VALUE
$13,261,872
3% BelowMARKET VALUE

SUMMARY

Analysis of 3407 W Oceanfront, Newport Beach, California 92663 reveals a Prime Investment Opportunity with a current list price of $12,750,000—significantly undercutting the $13,261,872 Fair Market Value by 3%. This valuation gap indicates a +$511,872 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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

$13,261,872 +$511,872 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property was extensively renovated to the studs in 2007, placing it within the 10-20 year age bracket for a 'good' rating. It features high-end finishes including a chef's kitchen with Quartz countertops and premium appliances, a spa-inspired primary bath with integrated technology, and upgraded HVAC and plumbing systems, making it fully move-in ready.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

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

  • Prime Oceanfront Positioning

    The property features an elevated first floor situated 3.5 feet above the boardwalk, providing rare unobstructed panoramic views of the Pacific Ocean and Catalina Island while maintaining a degree of privacy from passersby.

  • High-End Luxury Amenities

    Completely remodeled to the studs, the home includes premium upgrades such as a custom elevator, a chef’s kitchen with Quartz countertops, and a spa-inspired primary suite with integrated mirror technology.

CONSRISKS & DEFICIENCIES

  • 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 = 2625, living area = 2741.

  • Boardwalk Noise and Privacy

    Direct proximity to the iconic Newport Beach boardwalk can lead to significant foot traffic and noise, potentially impacting the sense of seclusion during peak tourist seasons.

  • Limited Private Outdoor Space

    The property lacks a traditional private yard or enclosed garden, with outdoor living restricted to the front porch and balconies, which may not appeal to all luxury buyers.

About 3407 W Oceanfront

Experience refined coastal living in this semi-modern oceanfront masterpiece, ideally positioned near the end of the iconic boardwalk of Newport Beach. Remodeled and taken down to the studs in 2007, this exceptional residence blends soft contemporary design with thoughtful, high-end upgrades throughout. Offering 3 spacious bedrooms and 3 beautifully appointed baths, the home also includes a private office on the main level that can easily be converted into a 4th bedroom. Designed with convenience in mind, the property features a custom elevator. At the heart of the home is a gorgeous chef’s kitchen, designed to impress both visually and functionally. Showcasing a large center island with, stunning porcelain stoneware countertops, and high-end appliances. The first floor is raised approximately 3.5 feet above the boardwalk, creating one of the closest vantage points available to enjoy unobstructed views of the crashing waves. Full-width sliding glass doors open seamlessly to a large beachside front porch, perfect for soaking in the ocean breeze. From this elevated position, take in panoramic coastline views, glowing sunsets, and even Catalina Island. Upstairs, the primary suite faces straight out to commanding ocean views and opens to a private balcony overlooking the water. The spa-inspired primary bath is truly elaborate, featuring dual under-lit sinks, a spacious walk-in shower, a TV integrated within the mirror, and a custom-designed walk-in closet. Additional features include custom electronic window coverings on nearly every window, upgraded HVAC, upgraded plumbing throughout, and an outdoor shower, perfect after a day of surfing or enjoying the beach. The home is equipped with a security system including exterior cameras for added peace of mind. Practical luxury continues with a spacious two-car garage plus a dedicated parking space behind the garage, an invaluable amenity along the oceanfront. This is a rare opportunity to own a completely reimagined oceanfront home offering contemporary elegance, breathtaking views, convenient access to nearby amenities, and effortless beachfront living in one of Southern California’s most coveted coastal communities.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2007
Lot Size
2,625 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Newport Beach Unified Schools

Newport Heights Elementary School

Grades K-6 • 1.0 mi

8/10

Newport Elementary School

Grades PK-6 • 1.1 mi

9/10

Horace Ensign Intermediate School

Grades 7-8 • 1.1 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.04.0
43%
Baths3.04.0
48%
Square foot2,7412,609.5
56%
Lot Size2,6254,425.5
20%
Price$12.75M$4.47M
93%
Price per sq ft$4.7K$1.8K
98%
Built year20071963
83%
HOA$0$0
50%
Days on market9219
4%

Pricing History

Listed for Sale

Feb 26, 2026

$12,750,000

Initial Listing

Sold

Jun 2, 2021

$6,500,000

Public Record

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