
Newport Beach, California 92661
This Newly Completed Coastal Estate is a Strong Value Opportunity, listed at $15,995,000—positioned well below the $17,539,028 Fair Market Value by 8%. This valuation gap provides $1,544,028 in Instant Equity for the incoming owner. Boasting a Pristine Condition Rating, the 2023 residence features 60 feet of rare ocean frontage, a chef’s kitchen with Miele appliances, and a rooftop retreat. Located near top-rated Newport Elementary (9/10), it offers a seamless blend of luxury and financial upside. This is an unparalleled sanctuary for Luxury Lifestyle Seekers or Owner-Occupants prioritizing modern coastal elegance.
Property is new construction or fully renovated.
This property is a newly completed (2023) architectural masterpiece in pristine condition. It features ultra-high-end finishes including limestone flooring, a chef's kitchen with Miele, Wolf, and Sub-Zero appliances, and state-of-the-art smart home systems. The modern design incorporates floor-to-ceiling glass walls, a luxury elevator, and solar integration, meeting the highest current quality standards with no physical depreciation.
Elementary School: Newport Elementary School (9/10).
Occupying a rare double lot with over 60 feet of ocean frontage, this property offers significantly more width and presence than standard peninsula homes, maximizing coastal exposure.
Completed in 2023, the residence features cutting-edge technology including solar integration with Tesla backup, a boutique elevator, and premium Miele, Wolf, and Sub-Zero appliances.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4200, living area = 4489.
The prime oceanfront location on the Balboa Peninsula results in high pedestrian traffic along the boardwalk, which may compromise privacy for the residents.
The extensive use of floor-to-ceiling glass and high-end limestone, combined with the harsh salt-air environment, will necessitate frequent and costly specialized maintenance.
Commanding a rare double-lot along the pristine sands of Newport Beach, this newly completed architectural masterpiece stands as a statement of modern coastal luxury. With over 60 feet of coveted ocean frontage, the residence encompasses 4,500 square feet of meticulously composed interiors, complemented by expansive terraces that capture uninterrupted views of the Pacific Ocean, Newport Harbor, and Catalina Island. Every detail reflects a refined sensibility — soaring ceilings, limestone floors, and walls of glass that dissolve the boundary between inside and out. The primary suite is a sanctuary unto itself, offering a spa-inspired bath with an infrared sauna, two state of the art walk in closets, dual vanities, and your own Air Dresser Steamer. Designed for both relaxation and entertaining, the home features a chef’s kitchen appointed with Miele, Wolf, and Sub-Zero appliances, a bonus lounge with wet bar, a fitness studio overlooking the ocean, and a rooftop retreat with a full outdoor kitchen and panoramic vistas of the ocean and bay. A Boutique Luxury elevator, advanced smart home systems, solar integration with Tesla backup, and a climate-controlled three-car garage further distinguishes this exceptional estate. Poised on one of the most exclusive stretches of the California coastline, 706 W Oceanfront offers an unparalleled opportunity to embrace the quintessential Newport Beach lifestyle at the water’s edge.
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades 7-8 • 1.1 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 6.0 | 4.0 | 92% |
| Square foot | 4,489 | 2,561.5 | 92% |
| Lot Size | 4,200 | 2,614 | 83% |
| Price | $15.99M | $5.17M | 92% |
| Price per sq ft | $3.6K | $2.6K | 79% |
| Built year | 2023 | 1959 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 211 | 4% |
Mar 24, 2026
$15,995,000
Initial Listing
Jun 21, 2019
$8,000,000
Public Record