Seller's Agent in 2025
Carly Zamani
zRE Group
(949) 232-8211
2 in this area
56 Total Sales
1589 E Ocean Blvd Newport Beach, CA 92661
Balboa Peninsula Point Neighborhood
3
Beds
2
Baths
1,664
Sq Ft
2,448
Sq Ft Lot
Highlights
- Marina
- Ocean View
- Home fronts a seawall
- Newport Elementary School Rated A
- Property has ocean access
- Fishing
About This Home
As of October 2025Once-in-a-lifetime opportunity to own a 36x70 premium lot on the Newport Beach Peninsula. 1589 E Ocean Boulevard offers the chance to build your dream home in one of Southern California’s most iconic coastal communities. The existing single-family residence is a tear-down, and the true value lies in the land and location. Surrounded by multimillion-dollar estates and architecturally significant homes, this parcel is ideal for creating a custom residence that reflects the luxury and lifestyle of the neighborhood.
Located just steps from the sand and surf, with ocean breezes and sunset views. Close to the Newport Pier, Lido Marina Village, and a variety of dining, shopping, recreation options, and close proximity to The Wedge, Newport’s legendary surf and skimboarding destination. Enjoy a lifestyle defined by beach mornings, bike rides, and relaxed coastal living.
Generous lot dimensions offer excellent build potential. Zoned for single-family residential use, with utilities on site. Buyer to verify development options with the city. This is more than a lot—it’s a rare chance to create something iconic in a community where opportunities like this are few and far between. Sold while processing paperwork.
Last Agent to Sell the Property
zRE Group Brokerage Phone: 949-232-8211 License #02030224 Listed on: 10/02/2025
Last Buyer's Agent
zRE Group Brokerage Phone: 949-232-8211 License #02030224 Listed on: 10/02/2025
Home Details
Home Type
- Single Family
Year Built
- Built in 1968
Lot Details
- 2,450 Sq Ft Lot
- Lot Dimensions are 36x70
- Home fronts a seawall
- West Facing Home
- Stone Wall
- Wood Fence
- Fence is in poor condition
- Rectangular Lot
- Level Lot
- Lawn
- Density is up to 1 Unit/Acre
- Value in Land
- Tear Down
- Property is zoned R1
Parking
- 2 Car Direct Access Garage
- Rear-Facing Garage
- Two Garage Doors
- On-Street Parking
Property Views
- Ocean
- Coastline
Home Design
- Midcentury Modern Architecture
- Entry on the 1st floor
- Major Repairs Completed
- Fixer Upper
- Flat Roof Shape
- Slab Foundation
- Spanish Tile Roof
- Clay Roof
- Stone Siding
- Synthetic Stucco Exterior
Interior Spaces
- 1,664 Sq Ft Home
- 2-Story Property
- High Ceiling
- Ceiling Fan
- Wood Burning Fireplace
- Gas Fireplace
- Bay Window
- Sliding Doors
- Entryway
- Living Room with Fireplace
- Formal Dining Room
- Home Office
Kitchen
- Gas Oven
- Built-In Range
- Dishwasher
- Tile Countertops
- Disposal
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms | 1 Main Level Bedroom
- Bathroom on Main Level
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Property has ocean access
- Beach Access
- Ocean Side of Highway 1
- Balcony
- Patio
- Exterior Lighting
Location
- Across the Road from Lake or Ocean
Schools
- Newport High School
Utilities
- Forced Air Heating System
- 220 Volts in Garage
- Water Heater
- Phone Available
Listing and Financial Details
- Legal Lot and Block 24 / B
- Tax Tract Number 519
- Assessor Parcel Number 04820241
- $550 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- Balboa Peninsula Subdivision
- Property is near a preserve or public land
Recreation
- Marina
- Fishing
- Water Sports
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 2, 2025
Closed on
Oct 6, 2025
Sold by
Lake Trust and Packard Pamela
Bought by
Hcd Investments Llc
Seller's Agent
Carly Zamani
zRE Group
Buyer's Agent
Carly Zamani
zRE Group
List Price
$3,200,000
Sold Price
$3,200,000
Views
6
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
$118,540
Avg. Annual Appreciation
8.18%
Purchase Details
Closed on
Sep 14, 2000
Sold by
Lake Charles E and Lake Marjorie M
Bought by
Lake Charles E and Lake Marjorie M
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,200,000 | Ticor Title Company | |
| Grant Deed | -- | Ticor Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/14/2025 10/14/25 | Sold | $3,200,000 | 0.0% | $1,923 / Sq Ft |
| 10/02/2025 10/02/25 | Pending | -- | -- | -- |
| 10/02/2025 10/02/25 | For Sale | $3,200,000 | -- | $1,923 / Sq Ft |
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 | $1,896 | $152,809 | $73,559 | $79,250 |
| 2024 | $1,896 | $149,813 | $72,116 | $77,697 |
| 2023 | $1,846 | $146,876 | $70,702 | $76,174 |
| 2022 | $1,810 | $143,997 | $69,316 | $74,681 |
| 2021 | $1,776 | $141,174 | $67,957 | $73,217 |
| 2020 | $1,758 | $139,727 | $67,260 | $72,467 |
| 2019 | $1,727 | $136,988 | $65,941 | $71,047 |
| 2018 | $1,694 | $134,302 | $64,648 | $69,654 |
| 2017 | $1,664 | $131,669 | $63,380 | $68,289 |
| 2016 | $1,629 | $129,088 | $62,138 | $66,950 |
| 2015 | $1,610 | $127,149 | $61,204 | $65,945 |
| 2014 | $1,572 | $124,659 | $60,005 | $64,654 |
Source: Public Records
Agents Affiliated with this Home
-
Carly Zamani
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25176224
APN: 048-202-41
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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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