$7,995,000
NEW CONSTRUCTION $2M PRICE DROP

Estimated payment $47,269/month

Total Views 25,062
3 Beds
4.5 Baths
2,640 Sq Ft
$3,028 Price per Sq Ft

Highlights

  • Ocean Front
  • New Construction
  • Rooftop Deck
  • Newport Elementary School Rated A
  • Fishing
  • Primary Bedroom Suite

About This Home

A rare new construction by ATP Builders, 114 E Oceanfront captures the essence of coastal luxury with panoramic views of the Pacific and Catalina Island. Spanning 2,640 sq. ft., this residence is offered fully furnished by Serena & Lily, blending modern elegance with relaxed seaside living. The custom Cooper Pacific kitchen is a showpiece with marble countertops, Waterworks fixtures, Sub-Zero and Wolf appliances, a walk-in pantry, and a built-in bar with wine and beverage refrigerators. Designed for seamless indoor-outdoor living, the home offers a built-in BBQ, fire pit, outdoor shower, and landscape design by Molly Wood Garden Design. The second floor features three en suite bedrooms, including a primary suite with ocean views, private office, spa-like bath, and custom walk-in closet. The third floor hosts a versatile media lounge or optional fourth suite, plus two rooftop terraces—the front with sweeping views, fireplace, and wet bar; the rear designed for wellness with sauna and cold plunge. Smart home technology, bespoke furnishings, and meticulous craftsmanship make this property a turnkey opportunity to own a custom coastal retreat in one of Newport Beach’s most coveted locations.

Listing Agent

Allison Root

Compass Brokerage Email: allison.root@compass.com License #01368988 Listed on: 01/10/2025

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $62,079

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 2,100 Sq Ft Lot
  • Lot Dimensions are 30x70
  • Ocean Front
  • Property fronts an alley
  • Brick Fence
  • Landscaped
  • Paved or Partially Paved Lot
  • Level Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Garage Door Opener
  • Driveway Level

Property Views

  • Ocean
  • Coastline
  • Views of a pier
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,640 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Bar
  • Dry Bar
  • Beamed Ceilings
  • Double Pane Windows
  • Custom Window Coverings
  • Blinds
  • Window Screens
  • Great Room
  • Living Room with Fireplace
  • Home Office
  • Bonus Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wolf Appliances
  • Kitchen Island
  • Stone Countertops
  • Pots and Pans Drawers
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Soaking Tub
  • Separate Shower

Home Security

  • Home Security System
  • Smart Home
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating
  • Solar Heating System

Outdoor Features

  • Rooftop Deck
  • Wood Patio
  • Outdoor Grill
  • Rain Gutters
  • Front Porch

Schools

  • Newport Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • High Efficiency Air Conditioning
  • Central Heating and Cooling System
  • High Efficiency Heating System
  • 220 Volts
  • Natural Gas Connected
  • Tankless Water Heater
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 20 / 11
  • Tax Tract Number 219
  • Assessor Parcel Number 04807409
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • Built by ATP Builders
  • Balboa Peninsula Subdivision

Recreation

  • Fishing
  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$62,079

Year Built

Built in 2024 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: This home is offered fully furnished, no exceptions
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire and Smoke Detection System, Fire Sprinkler System, Security System, Smoke Detector(s)
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Traditional
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04807409
  • Year Built: 2024
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 2640.00 Square Feet
  • Interior Amenities: Bar, Beamed Ceilings, Built-in Features, Dry Bar, Furnished, Home Automation System, Open Floorplan, Pantry, Stone Counters
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 3028.41
  • Room Type: All Bedrooms Up, Bonus Room, Great Room, Kitchen, Laundry, Primary Suite, Office, Walk-In Closet, Walk-In Pantry
  • Window Features: Blinds, Custom Covering, Double Pane Windows, Screens
  • Bathroom Features: Double Sinks In Primary Bath, Privacy Toilet Door, Separate Tub And Shower, Soaking Tub, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Pots & Pan Drawers, Self-Closing Cabinet Doors, Self-Closing Drawers, Stone Counters, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Barbecue Private, Rain Gutters
  • View: Catalina, City Lights, Coastline, Ocean, Panoramic, Pier, Water
  • Fence: Yes
  • Fencing: Brick
  • Builder Name: ATP Builders
  • Patio And Porch Features: Deck, Patio, Front Porch, Roof Top, Wood
  • Pool Private: No
  • Roof: Metal
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway Level, Garage, Garage Faces Rear, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Freezer, Disposal, Gas Range, Ice Maker, Microwave, Range Hood, Refrigerator, Tankless Water Heater
  • Electric: 220 Volts
  • Heating Type: Central, ENERGY STAR Qualified Equipment, Fireplace(s), High Efficiency, Solar
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Energy Star Qualified Equipment, High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Fishing, Watersports

Schools

  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Landscaped, Level with Street, Paved
  • Lot Size: 30x70
  • Lot Size Sq Ft: 2100.00
  • Lot Size Acres: 0.0482

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2100.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Front

Tax Info

  • Tax Block: 11
  • Tax Lot: 20
  • Tax Tract Number: 219

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $62,079 $6,079,295 $5,178,695 $900,600
2024 $62,079 $5,827,650 $5,077,152 $750,498
2023 $53,168 $4,977,600 $4,977,600 $0
2022 $43,808 $4,080,000 $3,972,402 $107,598
2021 $3,097 $190,456 $106,463 $83,993
2020 $3,071 $188,504 $105,372 $83,132
2019 $3,039 $184,808 $103,306 $81,502
2018 $3,060 $181,185 $101,281 $79,904
2017 $3,018 $177,633 $99,295 $78,338
2016 $2,907 $174,150 $97,348 $76,802
2015 $3,041 $171,535 $95,886 $75,649
2014 $2,980 $168,175 $94,007 $74,168
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/05/2025 11/05/25 Price Changed $7,995,000 -5.9% $3,028 / Sq Ft
10/03/2025 10/03/25 For Sale $8,495,000 0.0% $3,218 / Sq Ft
10/01/2025 10/01/25 Off Market $8,495,000 -- --
06/11/2025 06/11/25 Price Changed $8,495,000 -5.6% $3,218 / Sq Ft
03/21/2025 03/21/25 Price Changed $8,995,000 -5.3% $3,407 / Sq Ft
01/10/2025 01/10/25 For Sale $9,495,000 +89.9% $3,597 / Sq Ft
02/23/2022 02/23/22 Sold $5,000,000 -2.0% $3,448 / Sq Ft View Prior Sale
01/06/2022 01/06/22 Pending -- -- --
12/16/2021 12/16/21 Price Changed $5,100,000 -3.8% $3,517 / Sq Ft
10/24/2021 10/24/21 For Sale $5,300,000 +32.5% $3,655 / Sq Ft
01/29/2021 01/29/21 Sold $4,000,000 -7.0% $2,784 / Sq Ft View Prior Sale
12/17/2020 12/17/20 For Sale $4,299,000 +7.5% $2,992 / Sq Ft
12/15/2020 12/15/20 Off Market $4,000,000 -- --
11/22/2020 11/22/20 Price Changed $4,299,000 -4.5% $2,992 / Sq Ft
11/08/2020 11/08/20 For Sale $4,500,000 -- $3,132 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $5,000,000 Fidelity National Title
Grant Deed $4,000,000 Fidelity Natl Ttl Orange Cnt
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,000,000 New Conventional
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25006320

California Regional Multiple Listing Service (CRMLS)

APN: 048-074-09