1516 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated payment $70,939/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
Situated on a premier, oversized oceanfront lot, this freshly re-imagined Nantucket-style residence combines timeless East Coast charm with the beauty of Newport Beach’s most iconic shoreline. Ideally located within the treasured Peninsula Point neighborhood, the home offers both a premier address and a lifestyle defined by surf, sand, and coastal sophistication. Approached through a flowering garden courtyard, the home balances warmth and privacy with the ease of indoor-outdoor living. Generous oceanfront living, dining, and kitchen spaces form the heart of the home, where windows frame whitewater views and French doors open directly to a wide beachfront patio—the perfect setting to delight in al fresco dining or a sunset glass of wine with friends. With a family friendly layout, the home boasts five bedrooms to include a thoughtful first-floor guest accommodation. Upstairs the oceanfront primary retreat enjoys a private office/sitting room, and an expansive oceanfront terrace with a panorama of sunrise to sunset views over the Pacific. There is also a spacious bonus/media room that offers additional flexibility for gatherings, work, or play. An oversized two-car garage, with additional exterior parking for two cars provides a rare convenience on the Peninsula. Life on Peninsula Point is both relaxed and vibrant: mornings at The Wedge, bike rides along the boardwalk, afternoons at the community bay beach or private tennis club, and evenings watching the sun sink into the Pacific from your own patio. With its rare oversized lot, turnkey remodel, and enduring Nantucket character, this home is a move-in ready oceanfront offering in one of Newport Beach’s most exclusive seaside communities.
Listing Agent
Coldwell Banker Realty Brokerage Phone: 949-478-7781 License #01892201 Listed on: 09/04/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $92,793
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
- Seller Considering Concessions
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 |
|---|---|---|---|---|---|
| 09/04/2025 09/04/25 | For Sale | $11,875,000 | 0.0% | $3,852 / 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: NP25199245
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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