600 E Oceanfront 3 B, Newport Beach, California 92661, Newport Beach, 92661 - 3 bed, 2 bath
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Newport Beach, California 92661
This Oceanfront Penthouse represents a Strong Value Opportunity, listed at $2,300,000—positioned slightly above the $2,282,698 Fair Market Value. While the property requires modernization due to its Condition Rating of 4, it offers an elite lifestyle with Panoramic Ocean and Pier Views and a prime location near Newport Elementary (9/10). The inclusion of two gated parking spaces in this high-density area provides significant utility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-potential coastal renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 600 E Oceanfront 3 B Subject | $2,237,500 | 3 | 2 | 1,320 | $1,729 | - |
A 310 Fernando 100 Active | $2,000,000 List Price | 1 | 1 | 1,274 | $1,570 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, the property is dated and shows signs of wear. The kitchen features older white appliances and oak cabinetry from a previous renovation (likely 15-20+ years ago), and the bedroom carpeting is visibly stained and worn. While functional and in a prime location, the unit requires cosmetic updates and minor repairs to meet modern standards.
Elementary School: Newport Elementary School (9/10).
This penthouse is situated directly on the boardwalk with unobstructed, panoramic views of the ocean and pier, offering an elite coastal lifestyle with immediate beach access.
Located in a rare elevator-equipped building on the Peninsula, the unit includes two secure parking spaces in a gated garage, which is a significant premium for this high-density area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1320, other record living area = 1117. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Built in 1977, the property may require significant interior modernization or capital improvements to meet the aesthetic and functional standards of today's luxury buyers.
Being positioned directly on the boardwalk and near major tourist attractions can lead to high pedestrian traffic and noise levels, potentially compromising privacy during peak seasons.
RARE OCEANFRONT Three bed two Bath Panoramic Ocean and Pier View ! Great location!! This penthouse Condo is located directly on the Boardwalk directly in front of the sand and the sparkling blue ocean !!. Short walk to the.Catalina Ferry and the Funzone and all the most fabulous eateries. Bike , walk, stand up paddle board, swim or just bask in the sun and watch the beautiful sunsets from this iconic Peninsula location. Elevator building . Only 24 units in this rare condo building located right on the Oceanfront . Two parking spaces below in the gated community garage. SOLD IN PROCESS !!!
No exterior & parking available.
Grades PK-6 • 1.1 mi
Grades 7-8 • 1.4 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,320 | 1,320 | 50% |
| Lot Size | 20,000 | 20,000 | 50% |
| Price | $2.24M | $2.52M | 50% |
| Price per sq ft | $1.7K | $1.9K | 50% |
| Built year | 1977 | 1977 | 50% |
| HOA | $720.0 | $720 | 50% |
| Days on market | 35 | 76 | 50% |
May 12, 2026
$2,300,000
Initial Listing
Oct 4, 2005
$895,000
Public Record