506 W Oceanfront Unit 2 Newport Beach, CA 92661
Central Newport Beach NeighborhoodEstimated payment $7,509/month
Total Views
36,873
5
Beds
3
Baths
2,294
Sq Ft
$497
Price per Sq Ft
Highlights
- Beach Front
- White Water Ocean Views
- Open Floorplan
- Newport Elementary School Rated A
- Property has ocean access
- Deck
About This Home
New Co-Ownership Opportunity: New co-ownership opportunity: Own one-eighth of this professionally managed, turnkey home. Just steps from the sand, this Balboa Peninsula home offers spectacular views of the Pacific and Catalina. Enter through the Dutch front door to an open plan living area featuring a fireplace, an inviting dining area and glass doors to the oceanfront patio. The adjoining kitchen has a peninsula with a breakfast bar, granite countertops, a built-in fridge and loads of storage space.The spacious primary suite has a balcony perfect for catching the sun setting over the water, plus a fireplace and an en suite bathroom with dual sinks and a tiled shower. Down the hall are four guest bedrooms, and the home is topped by a bonus room and sun deck. The home comes fully furnished and professionally decorated.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $74,834
Year Built
- Built in 2000 | Remodeled
Lot Details
- 2,100 Sq Ft Lot
- Lot Dimensions are 30x70
- Beach Front
- West Facing Home
Parking
- 2 Car Direct Access Garage
Property Views
- White Water Ocean
- Coastline
- Panoramic
Home Design
- Contemporary Architecture
- Split Level Home
- Turnkey
Interior Spaces
- 2,294 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Furnished
- Built-In Features
- Crown Molding
- Ceiling Fan
- Recessed Lighting
- Gas Fireplace
- Blinds
- Bay Window
- Entryway
- Family Room
- Living Room with Fireplace
- 2 Fireplaces
- Dining Area
- Bonus Room
- Alarm System
Kitchen
- Breakfast Area or Nook
- Breakfast Bar
- Oven
- Gas and Electric Range
- Microwave
- Freezer
- Dishwasher
- Ceramic Countertops
- Disposal
Flooring
- Carpet
- Tile
- Vinyl Plank
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- Powder Room
- 3 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Property has ocean access
- Living Room Balcony
- Deck
- Open Patio
- Outdoor Gas Grill
- Enclosed Glass Porch
Utilities
- Forced Air Heating System
- Property is located within a water district
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 048-073-10
Map
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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
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 |
|---|---|---|---|---|
| 2024 | $74,834 | $7,074,720 | $6,554,520 | $520,200 |
| 2023 | $73,090 | $6,936,000 | $6,426,000 | $510,000 |
| 2022 | $54,156 | $5,113,983 | $4,692,541 | $421,442 |
| 2021 | $53,115 | $5,013,709 | $4,600,530 | $413,179 |
| 2020 | $52,606 | $4,962,300 | $4,553,357 | $408,943 |
| 2019 | $40,147 | $3,784,431 | $3,392,819 | $391,612 |
| 2018 | $29,233 | $2,747,967 | $2,361,114 | $386,853 |
| 2017 | $28,715 | $2,694,086 | $2,314,818 | $379,268 |
| 2016 | $28,069 | $2,641,261 | $2,269,429 | $371,832 |
| 2015 | $27,806 | $2,601,587 | $2,235,340 | $366,247 |
| 2014 | -- | $2,550,626 | $2,191,553 | $359,073 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/04/2025 02/04/25 | Price Changed | $1,140,000 | -2.6% | $497 / Sq Ft |
| 12/17/2024 12/17/24 | Price Changed | $1,170,000 | -2.4% | $510 / Sq Ft |
| 09/25/2024 09/25/24 | For Sale | $1,199,000 | -- | $523 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $6,800,000 | First American Title | |
| Grant Deed | -- | First American Title | |
| Grant Deed | $4,865,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | Chicago Title Co | |
| Interfamily Deed Transfer | -- | First Southwestern Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $780,000 | -- | |
| Interfamily Deed Transfer | -- | Guardian Title Company | |
| Grant Deed | $730,000 | Guardian Title Company | |
| Grant Deed | -- | Landwood Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,420,000 | Credit Line Revolving | |
| Previous Owner | $1,000,000 | No Value Available | |
| Previous Owner | $200,000 | No Value Available | |
| Previous Owner | $1,100,000 | No Value Available | |
| Previous Owner | $500,000 | No Value Available | |
| Previous Owner | $584,000 | No Value Available | |
| Previous Owner | $500,000 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: The MLS
MLS Number: 24-445141
APN: 048-073-10
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