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Sold for $4,950,000
  • Listed by: Pacific Sotheby's Int'l Realty • Kimberly Bibb • Contact: 714-396-0185
    Bought with: Compass
    $4,950,000

    306 E Oceanfront, Newport Beach, CA 92661

    3beds
    800sqft
    Duplex
    Built in 1922
    2,400 Square Feet Lot
    $6,456,600 Zestimate®
    $6,188/sqft
    $-- Estimated rent

    Home value

    $6,456,600

    $6.13M - $6.78M

    Not available

    Zestimate® history
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    What's special

    Major price reduction! Welcome to 306 East Oceanfront - a two cottage duplex, each with an active short term rental permit, situated in one of the most desirable areas of Southern California, the Balboa Peninsula. A charming coastal feel exudes in each cottage. The front cottage is an adorable one bedroom one bathroom floor plan with a spacious kitchen and dining area. A large enclosed front patio is the perfect place to watch people go by on the boardwalk. The back cottage is a two bedroom one bathroom floor plan complete with a large living room that opens to a patio with ocean views as far as the eye can see. Ideally located just minutes from the Balboa Pier, Fun Zone, the Wedge, Balboa Island Ferry, and all the world-class dining, shopping, and amenities Newport Beach has to offer. 306 East Oceanfront is truly a one of a kind offering in a landmark location on the sand!

    Zillow last checked:

    Listing updated:

    Listed by:

    Kimberly Bibb DRE #01210754 714-396-0185,

    Pacific Sotheby's Int'l Realty

    Bought with:

    Tara McNabb, DRE #01871729

    Compass

    Source: CRMLS,MLS#: NP24028668MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • 3/4 bathrooms: 2
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Rooms
    • Room types: Kitchen, Other, Dining Room
    Heating
    • Fireplace(s)
    Cooling
    • None
    Appliances
    • Included: Refrigerator
    • Laundry: In Garage
    Features
    • Breakfast Bar, Separate/Formal Dining Room
    • Flooring: Wood
    • Has fireplace: Yes
    • Fireplace features: Dining Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 800 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Patio & porch: Enclosed, See Remarks
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: Ocean, Water
    • Has water view: Yes
    • Water view: Ocean,Water
    • Waterfront features: Beach Front, Ocean Front
    Lot
    • Size: 2,400 Square Feet
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 04808208
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Duplex
    Condition
    • New construction: No
    • Year built: 1922

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs
    • Subdivision: Balboa Peninsula (Residential) (Balp)
    Location
    • Region: Newport Beach

    Financial & listing details

    • Price per square foot: $6,188/sqft
    • Tax assessed value: $5,149,980
    • Date on market: 2/13/2024
    • Cumulative days on market: 286 days
    • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange

    Price history

    DateEventPrice
    4/19/2024Sold$4,950,000-2.8%$6,188/sqft
    Source: CRMLS #NP24028668 Report a problem
    4/16/2024Pending sale$5,095,000$6,369/sqft
    Source: CRMLS #NP24028668 Report a problem
    4/1/2024Price change$5,095,000-8.2%$6,369/sqft
    Source: CRMLS #NP24028668 Report a problem
    2/13/2024Listed for sale$5,550,000+4.7%$6,938/sqft
    Source: CRMLS #NP24028668 Report a problem
    10/3/2022Sold$5,300,000-10.1%$6,625/sqft
    Source: Public Record Report a problem
    5/24/2022Pending sale$5,895,000$7,369/sqft
    Source: CRMLS #NP22082420 Report a problem
    4/22/2022Listed for sale$5,895,000+68.4%$7,369/sqft
    Source: CRMLS #NP22082420 Report a problem
    8/7/2020Listing removed$3,850$5/sqft
    Source: White Sail Realty Report a problem
    7/28/2020Listed for rent$3,850+10%$5/sqft
    Source: White Sail Realty Report a problem
    5/7/2020Listing removed$3,500$4/sqft
    Source: White Sail Realty Report a problem
    4/18/2020Listed for rent$3,500$4/sqft
    Source: White Sail Realty Report a problem
    3/14/2017Sold$3,500,000+125.8%$4,375/sqft
    Source: Public Record Report a problem
    6/26/2003Sold$1,550,000$1,938/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $5,149,980 +2%
    2025$53,460 -7.6%$5,049,000 -6.6%
    2024$57,840 +1.9%$5,406,000 +2%
    2023$56,778 +37.2%$5,300,000 +38.5%
    2022$41,369 +1.4%$3,827,761 +2%
    2021$40,812 +1%$3,752,707 +1%
    2020$40,425 $3,714,228 +2%
    2019$40,425 +2%$3,641,400 +2%
    2018$39,613 +82.1%$3,570,000 +84.6%
    2017$21,756 $1,934,300 +2%
    2016$21,756 +2.1%$1,896,373 +1.5%
    2015$21,299 +2.4%$1,867,888 +2%
    2014$20,797 $1,831,299 +15%
    2013-- $1,592,904 +2%
    2012-- $1,561,671
    2011-- $1,561,671 +0.8%
    2010-- $1,550,000 -11.1%
    2009-- $1,743,272 +2%
    2008-- $1,709,091 +2%
    2007-- $1,675,580 +2%
    2006-- $1,642,726 +2%
    2005-- $1,610,516 +2%
    2004-- $1,578,938 +1325.4%
    2003-- $110,769 +2%
    2002-- $108,598 +2%
    2001$1,135 +2.7%$106,469 +2%
    2000$1,105 $104,382
    Find assessor info on the county website

    Neighborhood: 92661

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $6,456,600
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $6,456,600