Seller's Agent in 2026
Tara Shapiro
Coldwell Banker Realty
(949) 478-7781
35 in this area
83 Total Sales
1516 E Oceanfront Newport Beach, CA 92661
Balboa Peninsula Point Neighborhood
5
Beds
4
Baths
3,083
Sq Ft
3,720
Sq Ft Lot Lot
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
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 19, 2021
Closed on
Mar 18, 2021
Sold by
Adkinson Elizabeth Spence and Adkinson Betty
Bought by
County Of Orange
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%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.66%
Purchase Details
Listed on
Mar 19, 2021
Closed on
Mar 3, 2021
Sold by
Adkinson Steven Spence and Adkinson Theodore Hall
Bought by
1516 East Oceanfront Llc
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
Adkinson Don R and Adkinson Elizabeth S
Bought by
Adkinson Elizabeth S and Adkinson Steven Spence
Purchase Details
Closed on
Jul 17, 2013
Sold by
Adkinson Don R and Adkinson Elizabeth S
Bought by
Adkinson Don R and Adkinson Elizabeth S
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
Adkinson Don R
Bought by
Adkinson Don R and Adkinson Elizabeth S
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
Adkinson Don R
Bought by
Adkinson Don R
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
Adkinson Don R and Adkinson Elizabeth S
Bought by
Adkinson Don R and Revocable Trust Of Don R & Elizabeth S A
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
Adkinson Don R and Adkinson Elizabeth S
Bought by
Adkinson Don R and Revocable Trust Of Don R & Elizabeth S A
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
Adkinson Don R
Bought by
Adkinson Don R and Adkinson Elizabeth S
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
Adkinson Don R
Bought by
Adkinson Don R and Adkinson Elizabeth S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.98%
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
Average Home Value in this Area
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 |
Source: Public Records
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: Public Records
Property History
| 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
| 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 | $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
-
Matilda Lumpkin
M
Buyer's Agent in 2022
Matilda Lumpkin
Arbor Real Estate
(949) 375-4500
2 in this area
9 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
Nearby Homes
- 1510 E Oceanfront
- 1508 E Balboa Blvd
- 1324 E Balboa Blvd
- 1589 E Ocean Blvd
- 1585 Miramar Dr
- 1303 E Balboa Blvd
- 1703 Plaza Del Sur
- 1703 Plaza Del Sur Unit 2
- 1701 E Balboa Blvd
- 503 J St
- 1730 E Ocean Blvd
- 1743 Miramar Dr
- 1201 E Balboa Blvd
- 1123 E Balboa Blvd
- 2116 E Balboa Blvd
- 2117 Miramar Dr
- 2137 Miramar Dr
- 2238 Channel Rd
- 2258 Channel Rd
- 126 Sapphire Ave
Your Personal Tour Guide
Ask me questions while you tour the home.