Paul Daftarian
Luxe Real Estate
(657) 385-8384
247 Total Sales
4 in Balboa Peninsula Point
$11.4M - $27M Price Range
1516 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point NeighborhoodEstimated Value: $7,626,414
5
Beds
4
Baths
3,083
Sq Ft
$2,474/Sq Ft
Est. Value
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
As of April 2026Oceanfront 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.
Last Agent to Sell the Property
Coldwell Banker Realty Brokerage Phone: 949-478-7781 License #01892201 Listed on: 02/26/2026
Last Buyer's Agent
Coldwell Banker Realty Brokerage Phone: 949-478-7781 License #01892201 Listed on: 02/26/2026
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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 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
Amenities
- Laundry Facilities
Recreation
- Water Sports
- Bike Trail
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 19, 2021
Closed on
Mar 18, 2021
Sold by
Bought by
Seller's Agent
Tara Shapiro
Coldwell Banker Realty
Buyer's Agent
Tara Shapiro
Coldwell Banker Realty
List Price
$8,500,000
Sold Price
$8,275,000
Premium/Discount to List
-$225,000
-2.65%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$648,586
Avg. Annual Appreciation
-1.51%
Purchase Details
Listed on
Mar 19, 2021
Closed on
Mar 3, 2021
Sold by
Bought by
Seller's Agent
Tara Shapiro
Coldwell Banker Realty
Buyer's Agent
Tara Shapiro
Coldwell Banker Realty
List Price
$8,500,000
Sold Price
$8,275,000
Premium/Discount to List
-$225,000
-2.65%
Purchase Details
Closed on
May 24, 2017
Sold by
Bought by
Purchase Details
Closed on
Jul 17, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,000
Interest Rate
3.03%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 15, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 13, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.84%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Mar 4, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.66%
Purchase Details
Closed on
Feb 25, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.66%
Purchase Details
Closed on
Jan 6, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.66%
Purchase Details
Closed on
Oct 1, 1993
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Balboa Peninsula Point, CA
-
Paul Daftarian
-
Keegan Budden
Keegan Budden
Douglas Elliman of California Inc.
(949) 763-5747
15 Total Sales
4 in Balboa Peninsula Point
$6.9M - $8.7M Price Range
-
Justine Howard
Justine Howard
Coldwell Banker Realty
(949) 822-9869
12 Total Sales
2 in Balboa Peninsula Point
$3,850,000 Price Range
-
Cora Berkery
Cora Berkery
Responds QuicklyColdwell Banker Realty
(949) 220-0989
55 Total Sales
2 in Balboa Peninsula Point
$6,550,000 Price Range
-
Mehdi Khosh
Mehdi Khosh
Responds QuicklyBerkshire Hathaway HomeService
(949) 541-2190
84 Total Sales
1 in Balboa Peninsula Point
$12,000,000 Price
-
Rebecca Anderson
Rebecca Anderson
Responds QuicklySurterre Properties Inc.
(949) 763-4678
23 Total Sales
1 in Balboa Peninsula Point
$4,625,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | -- | ||
| $8,275,000 | Chicago Title Company | ||
| -- | None Available | ||
| -- | Lawyers Title | ||
| -- | Lawyers Title | ||
| -- | First American Title Co | ||
| -- | Commonwealth Land Title | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | Continental Lawyers Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $8,480,000 | ||
| Previous Owner | $257,000 | ||
| Previous Owner | $500,000 | ||
| Previous Owner | $232,000 | ||
| Previous Owner | $500,000 | ||
| Previous Owner | $240,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/13/2026 04/13/26 | Sold | $10,600,000 | -5.3% | $3,438 / Sq Ft | |
| 03/16/2026 03/16/26 | Pending | -- | -- | -- | |
| 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 | -- | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $94,253 | $9,136,267 | $8,873,011 | $263,256 |
| 2025 | $94,253 | $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 |
Source: Public Records
Agents Affiliated with this Home
-
Tara Shapiro
Seller's Agent in 2026
Tara Shapiro
Coldwell Banker Realty
(949) 478-7781
39 in this area
82 Total Sales
-
Matilda Lumpkin
M
Buyer's Agent in 2022
Matilda Lumpkin
Arbor Real Estate
(949) 375-4500
2 in this area
8 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP26043115
APN: 048-202-33
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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