1516 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated payment $65,368/month
Highlights
- Beach Front
- White Water Ocean Views
- Primary Bedroom Suite
- Newport Elementary School Rated A
- Home Theater
- Ocean Side of Highway 1
About This Home
Oceanfront living on the Peninsula Point—set on a rare oversized lot—this reimagined Nantucket-style beach home captures the spirit of Newport Beach coastal luxury with front-row whitewater views and effortless indoor-outdoor flow. With the beach at your doorstep, the residence offers a premier oceanfront address paired with a lifestyle defined by surf, sunsets, and seaside ease. A charming garden courtyard entry creates a sense of arrival, opening to expansive ocean-view living, dining, and kitchen spaces where walls of glass frame the Pacific and French doors lead to a wide beachfront patio—ideal for al fresco dining, weekend brunches, and sunset entertaining. The flexible five-bedroom layout includes a main-level guest suite, while the upstairs oceanfront primary retreat features a private sitting room or office and an expansive terrace with panoramic sunrise-to-sunset coastline views. A spacious bonus/media room adds versatility for gatherings, work-from-home, or game nights after a day at the beach. Four-car parking—anchored by an oversized two-car garage—provides an exceptional Peninsula amenity. From early mornings at The Wedge and bike rides along the Newport Beach boardwalk to paddle boarding on the bay and evenings on your own oceanfront patio, this home delivers the full Peninsula Point lifestyle. Turnkey, oceanfront, and set on an oversized parcel, this Nantucket-inspired residence is a rare Newport Beach opportunity for those seeking a move-in-ready beachfront home in one of the coast’s most sought-after communities.
Listing Agent
Coldwell Banker Realty Brokerage Phone: 949-478-7781 License #01892201 Listed on: 02/26/2026
Home Details
Home Type
- Single Family
Year Built
- Built in 1963 | Remodeled
Lot Details
- 3,720 Sq Ft Lot
- Beach Front
- Home fronts navigable water
- South Facing Home
- Landscaped
- Sprinkler System
- Garden
Parking
- 2 Car Direct Access Garage
- 1 Open Parking Space
- Parking Storage or Cabinetry
- Parking Available
- Single Garage Door
- Garage Door Opener
Property Views
- White Water Ocean
- Coastline
- Catalina
- Panoramic
- City Lights
- Neighborhood
Home Design
- Cape Cod Architecture
- Entry on the 1st floor
Interior Spaces
- 3,083 Sq Ft Home
- 2-Story Property
- Built-In Features
- Crown Molding
- Beamed Ceilings
- Recessed Lighting
- Fireplace With Gas Starter
- Formal Entry
- Living Room with Fireplace
- Dining Room
- Home Theater
- Library with Fireplace
Kitchen
- Updated Kitchen
- Breakfast Bar
- Electric Oven
- Self-Cleaning Oven
- Built-In Range
- Range Hood
- Microwave
- Freezer
- Dishwasher
- Kitchen Island
- Granite Countertops
- Quartz Countertops
- Disposal
Flooring
- Wood
- Carpet
- Stone
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- Remodeled Bathroom
- Bathroom on Main Level
- 4 Full Bathrooms
- Quartz Bathroom Countertops
- Dual Vanity Sinks in Primary Bathroom
Laundry
- Laundry Room
- Laundry in Garage
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Ocean Side of Highway 1
- Balcony
- Deck
- Brick Porch or Patio
- Exterior Lighting
Location
- Urban Location
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Legal Lot and Block 5 / B
- Tax Tract Number 518
- Assessor Parcel Number 04820233
- $364 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- Balboa Peninsula Point Subdivision
Recreation
- Water Sports
- Bike Trail
Map
Home Values in the Area
Average Home Value in this Area
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 | $92,793 | $8,957,125 | $8,699,030 | $258,095 |
| 2024 | $92,793 | $8,781,496 | $8,528,461 | $253,035 |
| 2023 | $90,631 | $8,609,310 | $8,361,236 | $248,074 |
| 2022 | $89,143 | $8,440,500 | $8,197,290 | $243,210 |
| 2021 | $2,900 | $247,983 | $124,546 | $123,437 |
| 2020 | $2,871 | $245,441 | $123,269 | $122,172 |
| 2019 | $2,816 | $240,629 | $120,852 | $119,777 |
| 2018 | $2,761 | $235,911 | $118,482 | $117,429 |
| 2017 | $2,954 | $231,286 | $116,159 | $115,127 |
| 2016 | $2,969 | $226,751 | $113,881 | $112,870 |
| 2015 | $2,962 | $223,345 | $112,170 | $111,175 |
| 2014 | $2,818 | $218,970 | $109,972 | $108,998 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/26/2026 02/26/26 | For Sale | $11,199,000 | 0.0% | $3,633 / Sq Ft | |
| 07/25/2022 07/25/22 | Rented | $14,000 | -29.1% | -- | |
| 04/14/2022 04/14/22 | Price Changed | $19,750 | -12.2% | $6 / Sq Ft | |
| 02/18/2022 02/18/22 | For Rent | $22,500 | 0.0% | -- | |
| 03/19/2021 03/19/21 | Sold | $8,275,000 | -2.6% | $2,684 / Sq Ft | View Prior Sale |
| 03/19/2021 03/19/21 | For Sale | $8,500,000 | -- | $2,757 / Sq Ft | |
| 02/26/2021 02/26/21 | Pending | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Grant Deed | $8,275,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Lawyers Title | |
| Interfamily Deed Transfer | -- | Lawyers Title | |
| Interfamily Deed Transfer | -- | First American Title Co | |
| Interfamily Deed Transfer | -- | Commonwealth Land Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | -- | Continental Lawyers Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $257,000 | New Conventional | |
| Previous Owner | $232,000 | Purchase Money Mortgage | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $240,000 | No Value Available | |
| Previous Owner | $250,000 | No Value Available | |
| Closed | $500,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP26043115
APN: 048-202-33
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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