NOT LISTED FOR SALE

308 E Oceanfront Newport Beach, CA 92661

Central Newport Beach Neighborhood

Estimated Value: $5,052,000 - $7,863,000

5 Beds
3 Baths
2,312 Sq Ft
$2,885/Sq Ft Est. Value

Last Sold October 05, 2022

Last sale price $6,250,000 $2,703 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $40,566/month

122 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Wood Flooring
  • Newport Elementary School Rated A
  • Primary Bedroom Suite
  • Main Floor Bedroom

About This Home

As of October 2022

Welcome to 308 East Oceanfront; situated in one of the most desirable areas of Southern California, the Balboa Peninsula. An elegant coastal feel exudes on both floors of this beautiful beach retreat ideal for day to day living or a second home. The floor plan features 5 bedrooms, 3 bathrooms, a private oceanfront terrace and a main level enclosed yard that steps onto the boardwalk to the sand. Ideally located just minutes from the Balboa Pier, Fun Zone, the Wedge, Balboa Island Ferry, and all the world-class dining, shopping, and amenities Newport Beach has to offer. 308 East Oceanfront is truly a historic offering in a landmark location.

Last Agent to Sell the Property

Kim Bibb

Pacific Sotheby's Int'l Realty License #01210754 Listed on: 03/15/2022

Pacific Sotheby's Int'l Realty

Co-Listed By

Jeff Williams

Pacific Sotheby's Int'l Realty License #01198735

Last Buyer's Agent

David Goodwin

Fiv Realty Co License #01940769

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1984

Lot Details

  • 2,400 Sq Ft Lot
  • Beach Front
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available

Property Views

  • White Water Ocean
  • Panoramic

Interior Spaces

  • 2,312 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring
  • Breakfast Bar
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom Suite
  • 3 Bathrooms

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Newport Harbor High School

Community Details

  • No Home Owners Association
  • Balboa Peninsula Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 / 2
  • Tax Tract Number 510
  • Assessor Parcel Number 04808207
  • $364 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1984

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04808207
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2312.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Three Quarter Bathrooms: 3
  • Total Bedrooms: 5
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 2703.29
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Master Suite

Exterior Features

  • Patio: Yes
  • View: Ocean, Panoramic, Water, White Water
  • Patio And Porch Features: Enclosed
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Appliances: Refrigerator
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • High School: Newport Harbor
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2400.00
  • Lot Size Acres: 0.0551

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2400.0000 Square Feet
  • Number Of Units Total: 3
  • Waterfront Features: Beach Front, Ocean Front

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 628.00
  • Tax Lot: 5
  • Tax Tract Number: 510
  • TaxOtherAnnualAssessmentAmount: 364.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2022
Sold by
Non-Exempt Childrens Trust
Bought by
308 Oceanfront Llc
Current Estimated Value
$6,669,379

Purchase Details

Closed on
Dec 4, 2014
Sold by
Greenleaf Andrea L and Tevrizian Dickran
Bought by
The Non Exempt Childrens Trust

Purchase Details

Closed on
Jun 29, 2007
Sold by
Derderian Mike
Bought by
Derderian Mike and Derderian Survivors Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
308 Oceanfront Llc $6,250,000 First American Title
The Non Exempt Childrens Trust -- None Available
Derderian Mike -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2022 10/05/22 Sold $6,250,000 -7.7% $2,703 / Sq Ft
07/15/2022 07/15/22 Pending -- -- --
04/22/2022 04/22/22 Price Changed $6,775,000 -47.5% $2,930 / Sq Ft
03/15/2022 03/15/22 For Sale $12,900,000 -- $5,580 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $67,472 $6,502,500 $6,206,451 $296,049
2024 $67,472 $6,375,000 $6,084,755 $290,245
2023 $65,899 $6,250,000 $5,965,446 $284,554
2022 $9,489 $867,155 $633,198 $233,957
2021 $9,309 $850,152 $620,782 $229,370
2020 $9,219 $841,435 $614,416 $227,019
2019 $9,033 $824,937 $602,369 $222,568
2018 $8,855 $808,762 $590,558 $218,204
2017 $8,699 $792,904 $578,978 $213,926
2016 $8,506 $777,357 $567,625 $209,732
2015 $8,398 $763,174 $559,099 $204,075
2014 $8,201 $748,225 $548,147 $200,078
Source: Public Records

Agents Affiliated with this Home

  • Kim Bibb

    Seller's Agent in 2022

    Kim Bibb

    Pacific Sotheby's Int'l Realty

    (714) 396-0185

    20 in this area

    122 Total Sales

    Kim Bibb
    Section Image
  • Jeff Williams

    Seller Co-Listing Agent in 2022

    Jeff Williams

    Pacific Sotheby's Int'l Realty

    (949) 554-1200

    2 in this area

    18 Total Sales

    Jeff Williams
    Section Image
  • David Goodwin

    Buyer's Agent in 2022

    David Goodwin

    Fiv Realty Co

    (562) 679-6700

    1 in this area

    35 Total Sales

    David Goodwin
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP22049041

California Regional Multiple Listing Service (CRMLS)

APN: 048-082-07

California Orange County Newport Beach 92661 Central Newport Beach

308 E Oceanfront, Newport Beach, CA

Not Listed for Sale

Detached

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