DEVELOPMENT OPPORTUNITY. This is an oversized lot with dimensions 36.5x103'. The beach in front of this house is clear of dunes and plants, making for wide open ocean views on all floors. This lot would allow a ~4,500sqft house with a 3-car garage, the owner is currently in the process of developing the property. The existing home would be livable with cosmetic remodel, but the process for development is being continued by the owner.
Sold for $7,400,000
Listed by: Cefalia Real Estate • Jeff Cefalia • Contact: 949-697-1955
Bought with: NONMEMBER MRML
$7,400,000
1232 W Oceanfront, Newport Beach, CA 92661
2beds
1,819sqft
Single Family Residence
Built in 1940
3,735 Square Feet Lot
$7,444,300 Zestimate®
$4,068/sqft
$6,798 Estimated rent
Home value
$7,444,300
$6.85M - $8.11M
$6,798/mo
Zestimate® history
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List your homeWhat's special
Wide open ocean viewsOversized lotLivable with cosmetic remodel
Zillow last checked:
Listing updated:
Listed by:
Jeff Cefalia DRE #02081879 949-697-1955,
Cefalia Real Estate
Bought with:
General NONMEMBER, DRE #NONMEMBER
NONMEMBER MRML
Source: CRMLS,MLS#: OC25011400
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Bedroom, Kitchen, Living Room
Bedroom
- Features: Bedroom on Main Level
Cooling
- None
Appliances
- Laundry: None
Features
- Bedroom on Main Level
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,819 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Oceanfront
- Pool features: None
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 3,735 Square Feet
- Features: 0-1 Unit/Acre, Front Yard
Details
- Parcel number: 04724121
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Curbs, Fishing, Park, Storm Drain(s), Street Lights, Suburban, Water Sports
- Subdivision: Balboa Peninsula (Residential) (Balp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $4,068/sqft
- Tax assessed value: $6,261,127
- Annual tax amount: $66,006
- Date on market: 1/30/2025
- Cumulative days on market: 92 days
- Listing terms: Cash,Cash to New Loan,Conventional,Contract,1031 Exchange,FHA,Fannie Mae,Freddie Mac
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2025 | Sold | $7,400,000-2.6%$4,068/sqft |
Source:  CRMLS #OC25011400 Report a problem | ||
| 5/5/2025 | Contingent | $7,599,000$4,178/sqft |
Source: CRMLS #OC25011400 Report a problem | ||
| 1/30/2025 | Listed for sale | $7,599,000+1.4%$4,178/sqft |
Source: CRMLS #OC25011400 Report a problem | ||
| 11/25/2024 | Listing removed | $7,495,000$4,120/sqft |
Source:  Douglas Elliman #LG24038912 Report a problem | ||
| 7/2/2024 | Listed for sale | $7,495,000$4,120/sqft |
Source: Douglas Elliman #LG24038912 Report a problem | ||
| 6/22/2024 | Listing removed | $7,495,000$4,120/sqft |
Source: Douglas Elliman #LG24038912 Report a problem | ||
| 3/5/2024 | Listed for sale | $7,495,000+27%$4,120/sqft |
Source: Douglas Elliman #LG24038912 Report a problem | ||
| 11/22/2021 | Sold | $5,900,000$3,244/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $66,006 +0.6% | $6,261,127 +2% |
| 2024 | $65,614 +1.7% | $6,138,360 +2% |
| 2023 | $64,538 -34.3% | $6,018,000 +2% |
| 2022 | $98,251 +2752.8% | $5,900,000 +3160.8% |
| 2021 | $3,444 -1.3% | $180,937 +1% |
| 2020 | $3,491 | $179,082 +2% |
| 2019 | $3,491 +2.8% | $175,571 +2% |
| 2018 | $3,394 -1.4% | $172,129 +2% |
| 2017 | $3,443 | $168,754 +2% |
| 2016 | $3,443 +0.9% | $165,446 +1.5% |
| 2015 | $3,411 -5.2% | $162,961 +2% |
| 2014 | $3,598 | $159,769 +0.5% |
| 2013 | -- | $159,047 +2% |
| 2012 | -- | $155,929 +2% |
| 2011 | -- | $152,872 +0.8% |
| 2010 | -- | $151,730 -0.2% |
| 2009 | -- | $152,091 +2% |
| 2008 | -- | $149,109 +2% |
| 2007 | -- | $146,186 +2% |
| 2006 | -- | $143,320 +2% |
| 2005 | -- | $140,510 +2% |
| 2004 | -- | $137,755 +1.9% |
| 2003 | -- | $135,231 +2% |
| 2002 | -- | $132,580 +2% |
| 2001 | $1,341 +2.7% | $129,981 +2% |
| 2000 | $1,306 | $127,433 |
Find assessor info on the county website
Neighborhood: 92661
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Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 0.1 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 0.9 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$7,444,300
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Estimated market value
$7,444,300
- California
- Orange County
- Newport Beach
- 92661
- 1232 W Oceanfront
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