Rare double-lot opportunity on the Newport Beach Peninsula offering 4,084 square feet of living space with incredible potential for remodel or rebuild. This Spanish Colonial style residence with a partially raised foundation showcases a large enclosed front courtyard with patio, built-in BBQ, fireplace, fountain, and landscape lighting. Inside, the home features wooden ceilings, crown molding, and a blend of wood and tile flooring throughout. The spacious primary suite includes two walk-in closets, vaulted wooden ceilings, an oversized bathroom, fireplace, an attached office, and a private balcony overlooking the courtyard, along with a slight peek-a-boo ocean view. A full bathroom with shower is conveniently located downstairs for coming off the beach, and an outdoor shower adds to the coastal lifestyle. The kitchen is designed with a built-in refrigerator, large island, oversized gas range, and walk-in pantry. Additional highlights include leased solar, multiple fireplaces, and generous lot size allowing for expanded outdoor living and design flexibility. Situated in the heart of the Peninsula, this property is just steps from the sand, surf, and Newport’s vibrant coastal amenities. Welcome Home Indeed.
Sold for $7,300,000
Listed by: zRE Group • Carly Zamani • Contact: 949-232-8211
Bought with: Pacific Sotheby's Int'l Realty
$7,300,000
1585 E Ocean Blvd, Newport Beach, CA 92661
5beds
4,084sqft
Single Family Residence
Built in 1931
4,900 Square Feet Lot
$7,374,900 Zestimate®
$1,787/sqft
$7,902 Estimated rent
Home value
$7,374,900
$6.78M - $7.96M
$7,902/mo
Zestimate® history
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List your homeWhat's special
Slight peek-a-boo ocean viewSpanish colonial style residenceLarge islandOversized bathroomSpacious primary suiteTwo walk-in closetsWooden ceilings
Zillow last checked:
Listing updated:
Listed by:
Carly Zamani DRE #02030224 949-232-8211,
zRE Group
Bought with:
Kimberly Bibb, DRE #01210754
Pacific Sotheby's Int'l Realty
Source: CRMLS,MLS#: PW25264664
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 3
- 1/2 bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Den, Entry/Foyer, Guest Quarters, Kitchen, Living Room, Primary Bedroom, Office, Other, Pantry, Retreat, Dining Room
Primary bedroom
- Features: Primary Suite
Primary bedroom
- Features: Multiple Primary Suites
Bathroom
- Features: Bathroom Exhaust Fan, Bathtub, Closet, Dual Sinks, Enclosed Toilet, Full Bath on Main Level, Granite Counters, Linen Closet, Multiple Shower Heads, Soaking Tub
Kitchen
- Features: Butler's Pantry, Granite Counters, Kitchen Island, Kitchen/Family Room Combo, Pots & Pan Drawers, Walk-In Pantry
Other
- Features: Walk-In Closet(s)
Heating
- Central, Fireplace(s)
Cooling
- None
Appliances
- Included: 6 Burner Stove, Built-In Range, Barbecue, Convection Oven, Dishwasher, Gas Cooktop, Disposal, Ice Maker, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Water Heater
- Laundry: Washer Hookup, Electric Dryer Hookup, In Garage
Features
- Built-in Features, Balcony, Ceiling Fan(s), Crown Molding, Separate/Formal Dining Room, Granite Counters, Living Room Deck Attached, Pantry, Paneling/Wainscoting, Stone Counters, Recessed Lighting, Track Lighting, Multiple Primary Suites, Primary Suite, Walk-In Pantry, Walk-In Closet(s)
- Flooring: Carpet, Tile, Wood
- Doors: French Doors, Mirrored Closet Door(s), Sliding Doors
- Windows: Blinds, Double Pane Windows, French/Mullioned, Screens, Stained Glass, Skylight(s), Shutters, Wood Frames
- Has fireplace: Yes
- Fireplace features: Decorative, Free Standing, Living Room, Primary Bedroom, Outside, Wood Burning
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 4,084 sqft
Property
Parking
- Total spaces: 2
- Parking features: Direct Access, Electric Vehicle Charging Station(s), Garage, Public, Garage Faces Rear, On Street
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Patio & porch: Brick, Enclosed, Front Porch, Terrace, Tile
- Exterior features: Awning(s), Lighting
- Pool features: None
- Spa features: None
- Fencing: Block,Good Condition,Wrought Iron
- Has view: Yes
- View description: Neighborhood, Peek-A-Boo
- Waterfront features: Across the Road from Lake/Ocean, Ocean Access, Ocean Side Of Highway, Seawall
Lot
- Size: 4,900 Square Feet
- Dimensions: 70 x 70 x 69 x 70
- Features: 0-1 Unit/Acre, Drip Irrigation/Bubblers, Front Yard, Sprinklers In Front, Landscaped, Level, Rectangular Lot, Sprinkler System, Street Level, Value In Land
Details
- Parcel number: 04820217
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Spanish,Patio Home
- Property subtype: Single Family Residence
Materials
- Stucco, Wood Siding
- Foundation: Combination, Raised, Slab
- Roof: Shingle,Spanish Tile
Condition
- Repairs Cosmetic
- New construction: No
- Year built: 1931
Utilities & green energy
- Electric: 220 Volts in Garage, Photovoltaics Third-Party Owned
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Curbs, Gutter(s), Park, Storm Drain(s), Street Lights, Sidewalks, Water Sports, Fishing
- Security: Prewired, Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Balboa Peninsula (Residential) (Balp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,787/sqft
- Tax assessed value: $3,127,946
- Annual tax amount: $33,104
- Date on market: 11/25/2025
- Cumulative days on market: 13 days
- Listing terms: Cash,Cash to New Loan,Conventional,Submit
- Inclusions: Refrigerator, dishwasher, microwave, fountain, potted plants
- Exclusions: Washer, Dryer, Tesla Charger
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2026 | Sold | $7,300,000$1,787/sqft |
Source:  CRMLS #PW25264664 Report a problem | ||
| 1/13/2026 | Pending sale | $7,300,000$1,787/sqft |
Source: CRMLS #PW25264664 Report a problem | ||
| 12/12/2025 | Contingent | $7,300,000$1,787/sqft |
Source: CRMLS #PW25264664 Report a problem | ||
| 11/25/2025 | Listed for sale | $7,300,000-18.9%$1,787/sqft |
Source: CRMLS #PW25264664 Report a problem | ||
| 10/21/2025 | Listing removed | $8,999,900-3.2%$2,204/sqft |
Source:  SDMLS #IV25096637 Report a problem | ||
| 6/29/2025 | Listed for sale | $9,300,000+322.7%$2,277/sqft |
Source: SDMLS #IV25096637 Report a problem | ||
| 4/22/2004 | Sold | $2,200,000+32.5%$539/sqft |
Source: Public Record Report a problem | ||
| 6/1/2001 | Sold | $1,660,000$406/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $33,104 +1.6% | $3,127,946 +2% |
| 2024 | $32,586 +2.4% | $3,066,614 +2% |
| 2023 | $31,824 +1.7% | $3,006,485 +2% |
| 2022 | $31,296 +2% | $2,947,535 +2% |
| 2021 | $30,694 +0.7% | $2,889,741 +1% |
| 2020 | $30,473 | $2,860,111 +2% |
| 2019 | $30,473 +2.4% | $2,804,031 +2% |
| 2018 | $29,766 +3% | $2,749,050 +2% |
| 2017 | $28,894 | $2,695,148 +2% |
| 2016 | $28,894 +2% | $2,642,302 +1.5% |
| 2015 | $28,322 +3.6% | $2,602,613 +2% |
| 2014 | $27,342 | $2,551,632 +2.8% |
| 2013 | -- | $2,481,913 +11% |
| 2012 | -- | $2,235,958 -4% |
| 2011 | -- | $2,329,123 |
| 2010 | -- | $2,329,123 -0.2% |
| 2009 | -- | $2,334,657 |
| 2008 | -- | $2,334,657 |
| 2007 | -- | $2,334,657 +2% |
| 2006 | -- | $2,288,880 +2% |
| 2005 | -- | $2,244,000 +27.6% |
| 2004 | -- | $1,759,308 +1.9% |
| 2003 | -- | $1,727,064 +2% |
| 2002 | -- | $1,693,200 +507.8% |
| 2001 | $2,849 +2.6% | $278,556 +2% |
| 2000 | $2,776 | $273,095 |
Find assessor info on the county website
Neighborhood: 92661
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Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 1.8 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 2.2 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Newport
- Middle: Ensign
- High: Newport Harbor
Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$7,374,900
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Estimated market value
$7,374,900
- California
- Orange County
- Newport Beach
- 92661
- 1585 E Ocean Blvd
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