616 W Oceanfront Newport Beach, CA 92661
Central Newport Beach Neighborhood
4
Beds
3
Baths
1,800
Sq Ft
2,100
Sq Ft Lot
Highlights
- Beach Front
- White Water Ocean Views
- Ocean Side of Highway 1
- Newport Elementary School Rated A
- Primary Bedroom Suite
- Fireplace in Primary Bedroom
About This Home
As of May 2023Huge price reduction- by far the best value on the Oceanfront! Transform and refresh this original 4 Bedroom, 3 Bathroom, 2 story home into an ideal beach house or build your new dream home by the sea. Enjoy expansive Catalina, sunset, coastal and whitewater views from the ground level, as well as from the primary retreat with fireplace and soaring ceiling. One bedroom is on the main level and the two secondary bedrooms upstairs share a spacious balcony. Great quiet location with no through traffic in the alley.
Miles of Newport's beautiful sandy beaches are at your doorstep. Relax and enjoy the endless changing scenes with body surfers in the crashing waves, volleyball games, skaters, bikers and strollers walking to the Balboa Pier, restaurants, shops, the Balboa Island Ferry or just enjoying the idyllic surroundings. The best buy on the beach-price reduced and ready to sell- don't let this chance slip away!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $55,666
Year Built
- Built in 1979
Lot Details
- 2,100 Sq Ft Lot
- Beach Front
- Property fronts an alley
- Block Wall Fence
- Rectangular Lot
- Property is zoned R1
Parking
- 2 Car Direct Access Garage
- Parking Available
- Rear-Facing Garage
- Single Garage Door
Property Views
- White Water Ocean
- Coastline
- Catalina
- City Lights
Home Design
- Contemporary Architecture
- Fixer Upper
- Slab Foundation
- Tile Roof
- Rolled or Hot Mop Roof
- Composition Roof
- Stucco
Interior Spaces
- 1,800 Sq Ft Home
- 2-Story Property
- Beamed Ceilings
- Stained Glass
- Sliding Doors
- Living Room with Fireplace
Kitchen
- Eat-In Kitchen
- Built-In Range
- Dishwasher
- Tile Countertops
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- 3 Full Bathrooms
- Private Water Closet
- Bathtub with Shower
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Ocean Side of Highway 1
- Deck
- Patio
- Terrace
- Exterior Lighting
Schools
- Newport Elementary School
- Horace Ensign Middle School
- Newport Harbor High School
Utilities
- Central Heating
- Natural Gas Connected
- Gas Water Heater
- Sewer Paid
Community Details
- No Home Owners Association
- Balboa Peninsula Subdivision
Listing and Financial Details
- Legal Lot and Block 22 / 9
- Tax Tract Number 219
- Assessor Parcel Number 04802406
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 14, 2022
Sold by
616 Pcdev Llc
Bought by
Dicarlo Mario and Dicarlo Rosemary
Total Days on Market
34
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,180,000
Interest Rate
6.13%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 9, 2007
Sold by
Jones F Richard
Bought by
F R Jones Management Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$655,000
Interest Rate
7.08%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Nov 6, 2007
Sold by
Jones Jennifer E
Bought by
Jones F Richard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$655,000
Interest Rate
7.08%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Oct 30, 2007
Sold by
Jones F Richard
Bought by
F R Jones Management Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$655,000
Interest Rate
7.08%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Sep 28, 2007
Sold by
Jones F Richard
Bought by
Jones F Richard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$655,000
Interest Rate
7.08%
Mortgage Type
Negative Amortization
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 | $5,300,000 | Lawyers Title | |
| Grant Deed | -- | Accommodation | |
| Grant Deed | -- | Stewart Title | |
| Interfamily Deed Transfer | -- | Stewart Title | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $3,180,000 | New Conventional | |
| Previous Owner | $655,000 | Negative Amortization | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $150,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2025 04/22/25 | Price Changed | $5,995,000 | -4.1% | $3,331 / Sq Ft |
| 04/07/2025 04/07/25 | For Sale | $6,250,000 | +21.4% | $3,472 / Sq Ft |
| 05/25/2023 05/25/23 | Sold | $5,150,000 | -2.7% | $2,861 / Sq Ft |
| 05/11/2023 05/11/23 | Price Changed | $5,295,000 | -5.4% | $2,942 / Sq Ft |
| 04/27/2023 04/27/23 | Price Changed | $5,595,000 | -1.8% | $3,108 / Sq Ft |
| 04/07/2023 04/07/23 | Price Changed | $5,695,000 | 0.0% | $3,164 / Sq Ft |
| 04/07/2023 04/07/23 | For Sale | $5,696,000 | +7.5% | $3,164 / Sq Ft |
| 03/10/2023 03/10/23 | Sold | $5,300,000 | -10.0% | $2,931 / Sq Ft |
| 01/13/2023 01/13/23 | For Sale | $5,890,000 | 0.0% | $3,258 / Sq Ft |
| 03/01/2020 03/01/20 | Rented | $5,500 | 0.0% | -- |
| 10/28/2019 10/28/19 | For Rent | $5,500 | +11.1% | -- |
| 11/04/2012 11/04/12 | Rented | $4,950 | -10.0% | -- |
| 11/04/2012 11/04/12 | Under Contract | -- | -- | -- |
| 07/14/2012 07/14/12 | For Rent | $5,500 | -- | -- |
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 | $55,666 | $5,253,000 | $5,056,546 | $196,454 |
| 2023 | $55,982 | $5,304,000 | $5,119,624 | $184,376 |
| 2022 | $2,800 | $231,165 | $108,593 | $122,572 |
| 2021 | $2,749 | $226,633 | $106,464 | $120,169 |
| 2020 | $2,722 | $224,310 | $105,373 | $118,937 |
| 2019 | $2,672 | $219,912 | $103,307 | $116,605 |
| 2018 | $2,622 | $215,600 | $101,281 | $114,319 |
| 2017 | $2,577 | $211,373 | $99,295 | $112,078 |
| 2016 | $2,522 | $207,229 | $97,348 | $109,881 |
| 2015 | $2,496 | $204,117 | $95,886 | $108,231 |
| 2014 | $2,438 | $200,119 | $94,008 | $106,111 |
Source: Public Records
Agents Affiliated with this Home
-
Garrett Weston
Seller Co-Listing Agent in 2025
Garrett Weston
Coldwell Banker Realty
(714) 425-6904
125 Total Sales
-
Vicki Lee
Seller's Agent in 2023
Vicki Lee
Compass
(949) 466-3224
11 in this area
26 Total Sales
-
George Hanold
Seller's Agent in 2023
George Hanold
Times Real Estate CA
(949) 836-5479
1 in this area
128 Total Sales
-
Regan Beegle
Seller Co-Listing Agent in 2023
Regan Beegle
Times Real Estate CA
(949) 836-5480
2 in this area
146 Total Sales
-
Ryan McMillian
Buyer's Agent in 2023
Ryan McMillian
Coldwell Banker Realty
(949) 981-7940
1 in this area
53 Total Sales
-
Robert Mackertichian
Buyer Co-Listing Agent in 2023
Robert Mackertichian
Compass
(949) 209-7309
1 in this area
165 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG23056399
APN: 048-024-06
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