916 E Oceanfront, Newport Beach, California 92661, Newport Beach, 92661 - 5 bed, 4 bath

916 E Oceanfront, Newport Beach, California 92661 home-pic-0
ACTIVE$6,995,000
916 E Oceanfront, Newport Beach, California 92661
5Beds
4Baths
2,501Sqft
2,614Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Oceanfront Location: Directly on the boardwalk with immediate beach access, offering unparalleled coastal living.
Top Cons:
Price Point: The property is priced at the higher end of the market, potentially limiting the buyer pool.

Compared to the nearby listings

Price:$7.00M vs avg $2.70M (+$4,295,000)75%
Size:2,501 sqft vs avg 904 sqft75%
Price/sqft:$2.8K vs avg $74775%

More Insights

Built in 1972 (53 years old).
Condition: The property, built in 1972, has been completely remodeled. The listing description highlights the remodeled nature of the duplex. The images show updated kitchens and bathrooms with modern finishes and appliances. While not brand new, the renovations appear to be recent and of good quality, suggesting a 'good' condition score.
Year Built
1972
Close
-
List price
$7M
Original List price
$7.7M
Price/Sqft
$2,797
HOA
-
Days on market
-
Sold On
-
MLS number
OC25074181
Home ConditionGood
Features
Excellent View: Coastline, Park/Greenbelt, Ocean, Panoramic
Patio
ViewCoastline, Park/Greenbelt, Ocean, Panoramic

About this home

$705K PRICE IMPROVEMENT! - Discover the coastal dream at 916 E Oceanfront—a rare and completely remodeled oceanfront duplex perched right on the iconic boardwalk, where the sand, surf, and vibrant Balboa lifestyle beckon. This prime property offers two distinct gem units! The lower unit features a chic 2-bedroom, 2-bath retreat with coveted STLP permits, a sprawling open floor plan with moving glass walls the entire length of the living room opening to the patio with phenomenal boardwalk and ocean views! The upper unit consists of 3-bedrooms, 2-baths, with STLP permits, and offers a private balcony showcasing jaw-dropping, panoramic ocean views that stretch to the horizon. There is also a 3-Car Garage great for hassle-free coastal living. Wake up to the rhythm of the tide, with the beach, the boardwalk, and lush Balboa Park right at your doorstep! This property is also conveniently located just two blocks from the historic Balboa Pier, and the lively Balboa Village, which offers eclectic shops, top-notch dining, bars, and endless seaside adventures. This isn’t just a Duplex, it’s a front-row seat to paradise! Schedule your tour today!

Nearby schools

9/10
Newport Elementary School
Public,PK-61.3mi
7/10
Horace Ensign Intermediate School
Public,7-81.6mi
7/10
Newport Harbor High School
Public,9-121.8mi
Condition Rating
Good

The property, built in 1972, has been completely remodeled. The listing description highlights the remodeled nature of the duplex. The images show updated kitchens and bathrooms with modern finishes and appliances. While not brand new, the renovations appear to be recent and of good quality, suggesting a 'good' condition score.
Pros & Cons

Pros

Oceanfront Location: Directly on the boardwalk with immediate beach access, offering unparalleled coastal living.
Remodeled Units: Both units have been completely remodeled, providing modern amenities and updated aesthetics.
Short-Term Rental Permits: Both units have STLP permits, making it an excellent investment property with income potential.
Panoramic Ocean Views: Upper unit features a private balcony with stunning panoramic ocean views.
Garage Parking: Includes a 3-car garage, a significant asset in a high-density coastal area.

Cons

Price Point: The property is priced at the higher end of the market, potentially limiting the buyer pool.
Lot Size: The lot size is relatively small, which may limit outdoor space and expansion possibilities.
Year Built: Built in 1972, the property may require ongoing maintenance and potential upgrades despite recent remodeling.

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