706 W Oceanfront, Newport Beach, California 92661, Newport Beach, 92661 - 4 bed, 6 bath

706 W Oceanfront, Newport Beach, California 92661 home-pic-0
ACTIVE$17,490,000
706 W Oceanfront, Newport Beach, California 92661
4Beds
6Baths
4,489Sqft
4,200Lot

Price Vs. Estimate

The estimated value ($17,490,000) is $0 (0%) lower than the list price ($17,490,000). This property may be overpriced.

Key pros and cons

Top Pros:
Unrivaled Oceanfront Location: Commanding a rare double-lot with over 60 feet of coveted ocean frontage along the pristine sands of Newport Beach, this property offers an exclusive position on one of California's most desirable coastlines.
Top Cons:
High Price Point & Limited Buyer Pool: The substantial list price of $17.49 million, while reflective of its luxury and location, significantly narrows the potential buyer demographic, potentially extending market time.

Compared to the nearby listings

Price:$17.49M vs avg $4.22M (+$13,265,000)96%
Size:4,489 sqft vs avg 2,046 sqft92%
Price/sqft:$3.9K vs avg $2.8K85%

More Insights

Built in 2023 (2 years old).
Condition: This property was built in 2023 and is described as a 'newly completed architectural masterpiece.' The images and description confirm a pristine, modern aesthetic with high-end finishes and appliances (Miele, Wolf, Sub-Zero) throughout. The kitchen and bathrooms are state-of-the-art, featuring contemporary designs, luxurious materials like limestone floors, and spa-inspired amenities. All components are new, meeting the highest quality standards with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria.
Year Built
2023
Close
-
List price
$17.49M
Original List price
$17.49M
Price/Sqft
$3,896
HOA
-
Days on market
-
Sold On
-
MLS number
NP25195952
Home ConditionExcellent
Features
Excellent View: Bay, Catalina, City Lights, Ocean
Deck
ViewBay,Catalina,City Lights,Ocean

About this home

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 more than 4,400 square feet of meticulously composed interiors, complemented by expansive terraces that capture uninterrupted views of the Pacific. 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 infrared sauna, two state of the art walk in closets, and dual vanities. 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.

Nearby schools

9/10
Newport Elementary School
Public,PK-60.6mi
7/10
Horace Ensign Intermediate School
Public,7-81.1mi
7/10
Newport Harbor High School
Public,9-121.4mi
Condition Rating
Excellent

This property was built in 2023 and is described as a 'newly completed architectural masterpiece.' The images and description confirm a pristine, modern aesthetic with high-end finishes and appliances (Miele, Wolf, Sub-Zero) throughout. The kitchen and bathrooms are state-of-the-art, featuring contemporary designs, luxurious materials like limestone floors, and spa-inspired amenities. All components are new, meeting the highest quality standards with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria.
Pros & Cons

Pros

Unrivaled Oceanfront Location: Commanding a rare double-lot with over 60 feet of coveted ocean frontage along the pristine sands of Newport Beach, this property offers an exclusive position on one of California's most desirable coastlines.
Brand New Architectural Masterpiece: Completed in 2023, this newly built residence is an architectural masterpiece showcasing modern coastal luxury with meticulously composed interiors, soaring ceilings, limestone floors, and walls of glass.
Luxurious Amenities & High-End Finishes: The home features a spa-inspired primary suite with an infrared sauna, dual walk-in closets, and dual vanities, alongside a chef’s kitchen equipped with Miele, Wolf, and Sub-Zero appliances.
Exceptional Entertainment & Lifestyle Features: Designed for both relaxation and entertaining, it includes a bonus lounge with a wet bar, an ocean-view fitness studio, and a rooftop retreat complete with a full outdoor kitchen and panoramic ocean and bay vistas.
Advanced Smart Home & Eco-Friendly Systems: Distinguished by a Boutique Luxury elevator, advanced smart home systems, solar integration with Tesla backup, and a climate-controlled three-car garage, offering modern convenience and efficiency.

Cons

High Price Point & Limited Buyer Pool: The substantial list price of $17.49 million, while reflective of its luxury and location, significantly narrows the potential buyer demographic, potentially extending market time.
Significant Ongoing Costs: As a high-value, oceanfront property, prospective buyers should anticipate considerable ongoing expenses including high property taxes, specialized insurance (e.g., flood, high-value), and increased maintenance demands due to coastal exposure.
Proximity to Public Beach Access: While offering direct beach access is a major strength, being directly on the oceanfront can sometimes lead to reduced privacy due to public beach activity, depending on the specific layout and local regulations.

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