1232 W Oceanfront Newport Beach, 92661

Bedrooms:
2
Bathrooms:
2
Square Feet:
1,819 sqft
Price $7,495,000 .00
Approx /month
Get More Details
Sale Price:
$7,495,000
Loan Type:
Conventional - 5% down
FHA - 3.5% down
VA - 0% down
Additional $ Down:
Total Down Payment:
Loan Term: (years)
Interest Rate: (%)
Property Tax: (year)
$0
Insurance: (year)
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Virtual Tour of 1232 W Oceanfront , Newport Beach 92661

Property Description

Incredible oceanfront lot with city-ready plans. Oversized, 36 wide and 103 parcel in a convenient Peninsula location with iconic Newport Beach attractions just minutes away. The wide, sandy beach in front of the property offers endless enjoyment while the boardwalk ensures easy walking or biking access to the world-famous Wedge, restaurants, and the Pier. The current midcentury modern structure offers a remodel opportunity, while the lot itself presents a blank canvas for those looking to start anew. The existing plans suggest an approximately 4,300 square foot, four-bedroom residence with sit-down ocean and pristine beach views from the homes main areas. With only a few oversize oceanfront parcels left, this is a truly rare opportunity.

General Information

Listing Attribution:
DOUGLAS ELLIMAN OF CALIFORNIA, INC. 949-689-9047
Listing Agent:
John Stanaland
CalBRE#:
01223768
Price:
$7,495,000
Status:
Active
Listing Updated:
4/8/2024
List Date:
3/5/2024
Close Date
Square Feet:
1,819
Bedrooms:
2
Bathrooms:
2
Garage Spaces:
1.00
Year Built:
1940
City:
Newport Beach
Zip:
92661
County:
Orange
MLS ID:
LG24038912
Buyer Agency Compensation:
2.500%
Buyer Agency Compensation Disclaimer:
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Home Features

Interior Features:
Main Level Primary
Exterior Features:
Appliances:
Flooring:
Laundry:
Inside, Laundry Room
Architectural Style:
Mid-Century Modern
Levels:
Two
Fireplace Features:
Living Room
Cooling:
None
Heating:
None
Utilities:
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Pool Type Features:
None
Spa Features:
None
Construction Materials:
Roofing:
Water Source:
Public
Sewage:
Public Sewer
Accessibility Features:
None

Community Information

MLS Area:
NP - Balboa Peninsula

Lot Information

Lot Size (sq feet):
3,735

Location Information

Directions:
West Oceanfront Between 12th and 13th Street

Current Market Comparison

Subject
Subject
Active
Active
closed
Closed
Best0.5 Miles
Better1 Miles
Good1.5 Miles
Fair2 Miles

Subject Property

1232 W Oceanfront Newport Beach CA 92661

Property Type:
Single Family Residence
Bedrooms:
2
Bathrooms:
2
Interior SqFt:
1819
Interior Stories:
2
Year Built:
1940

5 Closed Properties

Address
Distance/Miles
Closed Price
Details
1.33 Miles
$2,350,000
1.88 Miles
$2,540,500
1.39 Miles
$2,850,000
0.94 Miles
$13,300,000
0.89 Miles
$2,900,000

15 Active Properties

Address
Distance/Miles
Active Price
Details
1.73 Miles
$3,495,000
1.87 Miles
$5,150,000
0.51 Miles
$5,295,000
1.7 Miles
$1,449,000
0.72 Miles
$3,275,000
1.17 Miles
$3,000,000
1.38 Miles
$2,100,000
1.33 Miles
$4,949,000
0 Miles
$7,495,000
1.81 Miles
$1,800,000
1.96 Miles
$5,995,000
1.37 Miles
$2,380,000
1.28 Miles
$7,150,000
0.35 Miles
$4,650,000
1.52 Miles
$8,950,000