506 W Oceanfront Newport Beach, CA 92661
Central Newport Beach Neighborhood
5
Beds
3
Baths
2,294
Sq Ft
2,100
Sq Ft Lot
Highlights
- Ocean View
- Primary Bedroom Suite
- Bonus Room
- Newport Elementary School Rated A
- Fireplace in Primary Bedroom
- Granite Countertops
About This Home
As of December 2024Looking for a gorgeous beach home overlooking the Pacific ocean and wonderful views of Catalina, this is your home. Freshly painted and built in 2000, this home is ideal for those buyers who are looking for a home on the sands of Balboa Peninsula . Whether you're buying to reside full-time or just a beach home for your getaways, this is it. The kitchen, living room and dining have endless views of the beautfiful Newport skyline with wall to wall windows, dutch front door and a fireplace for those cozy evenings. The kitchen boasts granite counters, dishwasher, gas cooktop, built in refridgerator and barstool counter top. On the second level is your spacious master bedroom suite with balcony that has spectacular views of the ocean, gorgeous skyline and Catalina, all while enjoying your in room fireplace. The master bathroom has dual sinks, walk-in closets and large shower stall. 4 additional bedrooms are located on the same level and located toward the back of the home. The third floor bonus room can be used as a family room, exercise or game room and is adjacent to the expansive sun deck overlooking the wonderful beach with endless views of Catalina and the beautiful skyline. You may also enjoy your day just entertaining in your outside patio while doing some great people watching activities.
Last Agent to Sell the Property
RE/MAX TerraSol License #01241497 Listed on: 02/09/2022
Co-Listed By
Jenn Lanzner
RE/MAX TerraSol License #02075994
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $74,834
Year Built
- Built in 2000
Lot Details
- 2,100 Sq Ft Lot
- Density is up to 1 Unit/Acre
Parking
- 2 Car Attached Garage
Property Views
- Ocean
- Catalina
- Panoramic
Home Design
- Copper Plumbing
Interior Spaces
- 2,294 Sq Ft Home
- 3-Story Property
- Ceiling Fan
- Wood Burning Fireplace
- Gas Fireplace
- Living Room with Fireplace
- Combination Dining and Living Room
- Bonus Room
- Home Gym
Kitchen
- Breakfast Bar
- Gas Cooktop
- Microwave
- Dishwasher
- Granite Countertops
Flooring
- Carpet
- Stone
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
- All Upper Level Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- 3 Bathrooms
- Exhaust Fan In Bathroom
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Balcony
Schools
- Newport Elementary School
- Ensign Middle School
- Newport Harbor High School
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 26 / 10
- Tax Tract Number 219
- Assessor Parcel Number 04807310
- $364 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- Balboa Peninsula Subdivision
Recreation
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 9, 2022
Closed on
Feb 18, 2022
Sold by
Mcclure Vopat Trust
Bought by
2 Ca Grizzly Llc
Seller's Agent
Leo Betancourt
RE/MAX TerraSol
Buyer's Agent
Dean Ledger
Emerald Bay Real Estate
List Price
$6,900,000
Sold Price
$6,800,000
Premium/Discount to List
-$100,000
-1.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.06%
Original Mortgage
$4,420,000
Outstanding Balance
$4,166,385
Interest Rate
3.92%
Mortgage Type
Credit Line Revolving
Estimated Equity
$3,116,948
Purchase Details
Listed on
Feb 9, 2022
Closed on
Feb 3, 2022
Sold by
Tns Development Llc
Bought by
Mcclure Vopat Trust
Seller's Agent
Leo Betancourt
RE/MAX TerraSol
Buyer's Agent
Dean Ledger
Emerald Bay Real Estate
List Price
$6,900,000
Sold Price
$6,800,000
Premium/Discount to List
-$100,000
-1.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,420,000
Outstanding Balance
$4,166,385
Interest Rate
3.92%
Mortgage Type
Credit Line Revolving
Estimated Equity
$3,116,948
Purchase Details
Listed on
Feb 28, 2019
Closed on
Apr 2, 2019
Sold by
Knott Matthew M
Bought by
Tns Development Llc
Seller's Agent
Holly Kauffman
Beach City Brokers
List Price
$4,899,000
Sold Price
$4,865,000
Premium/Discount to List
-$34,000
-0.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.15%
Purchase Details
Closed on
Jul 13, 2018
Sold by
Adkins Messenger Deborah D and Heuer Jerry L
Bought by
Knott Matthew M and The Adkins Family Trust
Purchase Details
Closed on
May 3, 2001
Sold by
Mallad Susan E
Bought by
Adkins William J and Adkins Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.5%
Purchase Details
Closed on
Sep 8, 2000
Sold by
Mallad Susan E
Bought by
Mallad Susan E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.11%
Purchase Details
Closed on
Jul 24, 2000
Sold by
Mallad Susan E
Bought by
Mallad Susan E and Susan E Mallad 1998 Declaration Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.11%
Purchase Details
Closed on
Jul 19, 2000
Sold by
Mallad Susan E
Bought by
Mallad Susan E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.11%
Purchase Details
Closed on
Jun 1, 1998
Sold by
Mallad Susan E
Bought by
Mallad Susan E and Susan E Mallad 1998 Declaration Of Trust
Purchase Details
Closed on
Oct 1, 1997
Sold by
Fluter Russell E
Bought by
Mallad Susan E
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
7.3%
Purchase Details
Closed on
Jun 2, 1997
Sold by
Fluter Leeann
Bought by
Fluter Russell E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,000
Interest Rate
7.93%
Purchase Details
Closed on
May 16, 1997
Sold by
Sullivan William H
Bought by
Fluter Russell E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,000
Interest Rate
7.93%
Purchase Details
Closed on
Mar 10, 1994
Sold by
Sullivan William H
Bought by
Sullivan William H
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
3.85%
Similar Homes in the area
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 |
|---|---|---|---|
| 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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/04/2025 04/04/25 | Price Changed | $999,000 | -14.6% | $435 / Sq Ft |
| 01/28/2025 01/28/25 | For Sale | $1,170,000 | +9.2% | $510 / Sq Ft |
| 12/16/2024 12/16/24 | Sold | $1,071,500 | -4.2% | $467 / Sq Ft |
| 10/16/2024 10/16/24 | Price Changed | $1,118,000 | -2.7% | $487 / Sq Ft |
| 08/09/2024 08/09/24 | Price Changed | $1,149,000 | -2.5% | $501 / Sq Ft |
| 07/29/2024 07/29/24 | Price Changed | $1,178,888 | -1.7% | $514 / Sq Ft |
| 07/15/2024 07/15/24 | Price Changed | $1,198,888 | 0.0% | $523 / Sq Ft |
| 06/20/2024 06/20/24 | For Sale | $1,199,000 | -82.4% | $523 / Sq Ft |
| 03/14/2022 03/14/22 | Sold | $6,800,000 | -1.4% | $2,964 / Sq Ft |
| 02/09/2022 02/09/22 | For Sale | $6,900,000 | +41.8% | $3,008 / Sq Ft |
| 04/15/2019 04/15/19 | Sold | $4,865,000 | -0.7% | $2,121 / Sq Ft |
| 02/28/2019 02/28/19 | For Sale | $4,899,000 | -- | $2,136 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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
Agents Affiliated with this Home
-
Joseph Maehler
Seller's Agent in 2025
Joseph Maehler
Pacaso Inc.
(628) 222-3360
157 Total Sales
-
Dina Williams
Seller's Agent in 2024
Dina Williams
RMV Real Estate Group
(949) 322-2177
1 in this area
46 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2024
NoEmail NoEmail
None MRML
(646) 541-2551
3 in this area
5,744 Total Sales
-
Leo Betancourt
Seller's Agent in 2022
Leo Betancourt
RE/MAX
(714) 308-7838
3 in this area
36 Total Sales
-
J
Seller Co-Listing Agent in 2022
Jenn Lanzner
RE/MAX
-
Dean Ledger
Buyer's Agent in 2022
Dean Ledger
Emerald Bay Real Estate
(949) 222-0977
1 in this area
33 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22025993
APN: 048-073-10
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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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