Oceanfront living on the Peninsula Point—set on a rare oversized lot—this reimagined Nantucket-style beach home captures the spirit of Newport Beach coastal luxury with front-row whitewater views and effortless indoor-outdoor flow. With the beach at your doorstep, the residence offers a premier oceanfront address paired with a lifestyle defined by surf, sunsets, and seaside ease. A charming garden courtyard entry creates a sense of arrival, opening to expansive ocean-view living, dining, and kitchen spaces where walls of glass frame the Pacific and French doors lead to a wide beachfront patio—ideal for al fresco dining, weekend brunches, and sunset entertaining. The flexible five-bedroom layout includes a main-level guest suite, while the upstairs oceanfront primary retreat features a private sitting room or office and an expansive terrace with panoramic sunrise-to-sunset coastline views. A spacious bonus/media room adds versatility for gatherings, work-from-home, or game nights after a day at the beach. Four-car parking—anchored by an oversized two-car garage—provides an exceptional Peninsula amenity. From early mornings at The Wedge and bike rides along the Newport Beach boardwalk to paddle boarding on the bay and evenings on your own oceanfront patio, this home delivers the full Peninsula Point lifestyle. Turnkey, oceanfront, and set on an oversized parcel, this Nantucket-inspired residence is a rare Newport Beach opportunity for those seeking a move-in-ready beachfront home in one of the coast’s most sought-after communities.
Sold for $10,600,000
Listed by: Coldwell Banker Realty • Tara Foster Shapiro • Contact: 949-644-1600
Bought with: Coldwell Banker Realty
$10,600,000
1516 E Oceanfront, Newport Beach, CA 92661
5beds
3,083sqft
Single Family Residence
Built in 1963
3,720 Square Feet Lot
$10,662,500 Zestimate®
$3,438/sqft
$7,832 Estimated rent
Home value
$10,662,500
$9.81M - $11.52M
$7,832/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Tara Foster Shapiro DRE #01892201 949-478-7781,
Coldwell Banker Realty
Bought with:
Tara Foster Shapiro, DRE #01892201
Coldwell Banker Realty
Source: CRMLS,MLS#: NP26043115
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Bedroom, Entry/Foyer, Kitchen, Library, Living Room, Primary Bedroom, Media Room, Other, Dining Room
Primary bedroom
- Features: Primary Suite
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Dual Sinks, Full Bath on Main Level, Quartz Counters, Remodeled
Kitchen
- Features: Kitchen Island, Stone Counters, Remodeled, Updated Kitchen
Other
- Features: Walk-In Closet(s)
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Built-In Range, Dishwasher, Electric Oven, Freezer, Gas Cooktop, Disposal, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Water Heater, Dryer, Washer
- Laundry: In Garage
Features
- Beamed Ceilings, Breakfast Bar, Built-in Features, Balcony, Crown Molding, Separate/Formal Dining Room, Granite Counters, Quartz Counters, Recessed Lighting, Bedroom on Main Level, Primary Suite, Walk-In Closet(s)
- Flooring: Carpet, Stone, Wood
- Has fireplace: Yes
- Fireplace features: Gas Starter, Library, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 3,083 sqft
Property
Parking
- Total spaces: 3
- Parking features: Direct Access, Door-Single, Garage, Garage Door Opener, Other, Private, Storage
- Attached garage spaces: 2
- Uncovered spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: Front Door
- Patio & porch: Brick, Deck, Open, Patio
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Catalina, City Lights, Coastline, Neighborhood, Ocean, Panoramic, Water
- Has water view: Yes
- Water view: Coastline,Ocean,Water
- Waterfront features: Beach Access, Beach Front, Navigable Water, Ocean Front, Ocean Side Of Highway
Lot
- Size: 3,720 Square Feet
- Features: Garden, Landscaped, Sprinkler System
Details
- Parcel number: 04820233
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban, Water Sports
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Balboa Peninsula Point (Blpp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $3,438/sqft
- Tax assessed value: $8,957,125
- Annual tax amount: $94,252
- Date on market: 2/26/2026
- Cumulative days on market: 18 days
- Listing terms: Cash,Cash to New Loan,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/13/2026 | Sold | $10,600,000-5.3%$3,438/sqft |
Source:  CRMLS #NP26043115 Report a problem | ||
| 3/27/2026 | Pending sale | $11,199,000$3,633/sqft |
Source: CRMLS #NP26043115 Report a problem | ||
| 3/16/2026 | Contingent | $11,199,000$3,633/sqft |
Source: CRMLS #NP26043115 Report a problem | ||
| 2/27/2026 | Listed for sale | $11,199,000+35.3%$3,633/sqft |
Source: CRMLS #NP26043115 Report a problem | ||
| 7/16/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 4/15/2022 | Price change | $19,750-12.2%$6/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/14/2022 | Listed for rent | $22,500$7/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/18/2021 | Sold | $8,275,000$2,684/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $94,252 +1.6% | $8,957,125 +2% |
| 2024 | $92,792 +2.4% | $8,781,496 +2% |
| 2023 | $90,631 -54.7% | $8,609,310 +2% |
| 2022 | $200,012 +6797.8% | $8,440,500 +3303.7% |
| 2021 | $2,900 +1% | $247,983 +1% |
| 2020 | $2,871 | $245,441 +2% |
| 2019 | $2,871 +1.9% | $240,629 +2% |
| 2018 | $2,816 -4.7% | $235,911 +2% |
| 2017 | $2,954 | $231,286 +2% |
| 2016 | $2,954 -0.5% | $226,751 +1.5% |
| 2015 | $2,969 +5.3% | $223,345 +2% |
| 2014 | $2,818 | $218,970 +0.5% |
| 2013 | -- | $217,981 +2% |
| 2012 | -- | $213,707 +2% |
| 2011 | -- | $209,517 +0.8% |
| 2010 | -- | $207,952 -0.2% |
| 2009 | -- | $208,447 +2% |
| 2008 | -- | $204,360 +2% |
| 2007 | -- | $200,353 +2% |
| 2006 | -- | $196,425 +2% |
| 2005 | -- | $192,574 +2% |
| 2004 | -- | $188,799 +1.9% |
| 2003 | -- | $185,339 +2% |
| 2002 | -- | $181,705 +2% |
| 2001 | $1,830 +2.6% | $178,143 +2% |
| 2000 | $1,783 | $174,650 |
Find assessor info on the county website
Neighborhood: 92661
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Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 1.7 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 2.1 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 2.2 mi
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Estimated market value
$10,662,500
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Estimated market value
$10,662,500
- California
- Orange County
- Newport Beach
- 92661
- 1516 E Oceanfront
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