Own one-eighth of this professionally managed, turnkey home. Just steps from the sand, this Balboa Peninsula home offers spectacular views of the Pacific and Catalina. Enter through the Dutch front door to an open plan living area featuring a fireplace, an inviting dining area and glass doors to the oceanfront patio. The adjoining kitchen has a peninsula with a breakfast bar, granite countertops, a built-in fridge and loads of storage space. The spacious primary suite has a balcony perfect for catching the sun setting over the water, plus a fireplace and an en suite bathroom with dual sinks and a tiled shower. Down the hall are four guest bedrooms, and the home is topped by a bonus room and sun deck. The home comes fully furnished and professionally decorated.
Sold for $1,071,500
$1,071,500
506 W Oceanfront, Newport Beach, CA 92661
5beds
2,294sqft
SingleFamily
Built in 2000
2,178 Square Feet Lot
$1,653,700 Zestimate®
$467/sqft
$7,979 Estimated rent
Home value
$1,653,700
$1.37M - $2.05M
$7,979/mo
Zestimate® history
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$6,810/mo
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced air
Cooling
- Central
Appliances
- Included: Dishwasher, Microwave, Refrigerator
- Laundry: In Garage
Features
- Balcony, 2 Staircases, Ceiling Fan(s)
- Flooring: Carpet
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,294 sqft
Property
Parking
- Parking features: Garage - Attached
Features
- Levels: Three Or More
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
Lot
- Size: 2,178 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 04807310
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
Materials
- Roof: Tile
Condition
- Turnkey
- Year built: 2000
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $467/sqft
- Tax assessed value: $7,216,214
- Annual tax amount: $76,012
- Road surface type: Paved, Alley Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/16/2024 | Sold | $1,071,500-4.2%$467/sqft |
Source: Agent Provided Report a problem | ||
| 10/17/2024 | Price change | $1,118,000-2.7%$487/sqft |
Source:  Engel & Volkers #OC24126158 Report a problem | ||
| 9/26/2024 | Listed for sale | $1,149,000$501/sqft |
Source: Engel & Volkers #OC24126158 Report a problem | ||
| 9/6/2024 | Listing removed | $1,149,000$501/sqft |
Source: Engel & Volkers #OC24126158 Report a problem | ||
| 8/10/2024 | Price change | $1,149,000-2.5%$501/sqft |
Source: Engel & Volkers #OC24126158 Report a problem | ||
| 7/30/2024 | Price change | $1,178,888-1.7%$514/sqft |
Source: Engel & Volkers #OC24126158 Report a problem | ||
| 7/16/2024 | Price change | $1,198,8880%$523/sqft |
Source: Engel & Volkers #OC24126158 Report a problem | ||
| 6/22/2024 | Listed for sale | $1,199,000+9.2%$523/sqft |
Source: Engel & Volkers #OC24126158 Report a problem | ||
| 9/13/2022 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/13/2022 | Listed for sale | $1,098,000-83.9%$479/sqft |
Source:  CLAW #22-144961 Report a problem | ||
| 3/14/2022 | Sold | $6,800,000-1.4%$2,964/sqft |
Source: Public Record Report a problem | ||
| 2/18/2022 | Pending sale | $6,900,000$3,008/sqft |
Source:  RE/MAX International #OC22025993 Report a problem | ||
| 2/17/2022 | Contingent | $6,900,000$3,008/sqft |
Source:  CRMLS #OC22025993 Report a problem | ||
| 2/10/2022 | Listed for sale | $6,900,000+41.8%$3,008/sqft |
Source: CRMLS #OC22025993 Report a problem | ||
| 4/15/2019 | Sold | $4,865,000-0.7%$2,121/sqft |
Source: Public Record Report a problem | ||
| 4/2/2019 | Pending sale | $4,899,000$2,136/sqft |
Source: Beach City Brokers #SB19045129 Report a problem | ||
| 2/28/2019 | Listed for sale | $4,899,000+528.1%$2,136/sqft |
Source: Beach City Brokers #SB19045129 Report a problem | ||
| 11/13/1997 | Sold | $780,000+6.8%$340/sqft |
Source: Public Record Report a problem | ||
| 7/10/1997 | Sold | $730,000$318/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $76,012 +1.6% | $7,216,214 +2% |
| 2024 | $74,834 +2.4% | $7,074,720 +2% |
| 2023 | $73,090 +35% | $6,936,000 +35.6% |
| 2022 | $54,156 +2% | $5,113,983 +2% |
| 2021 | $53,115 +1% | $5,013,709 +1% |
| 2020 | $52,606 | $4,962,300 +31.1% |
| 2019 | $52,606 +31% | $3,784,431 +37.7% |
| 2018 | $40,147 +39.8% | $2,747,967 +2% |
| 2017 | $28,715 | $2,694,086 +2% |
| 2016 | $28,715 +2.3% | $2,641,261 +1.5% |
| 2015 | $28,069 +3.4% | $2,601,587 +2% |
| 2014 | $27,150 | $2,550,626 +0.5% |
| 2013 | -- | $2,539,099 +2% |
| 2012 | -- | $2,489,313 +2% |
| 2011 | -- | $2,440,503 +0.8% |
| 2010 | -- | $2,422,264 -0.2% |
| 2009 | -- | $2,428,020 +2% |
| 2008 | -- | $2,380,412 +2% |
| 2007 | -- | $2,333,738 +2% |
| 2006 | -- | $2,287,979 +2% |
| 2005 | -- | $2,243,117 +2% |
| 2004 | -- | $2,199,135 +1.9% |
| 2003 | -- | $2,158,830 +2% |
| 2002 | -- | $2,116,500 +98.3% |
| 2001 | $10,853 +31.3% | $1,067,428 +31.7% |
| 2000 | $8,266 | $810,342 |
Find assessor info on the county website
Neighborhood: 92661
Nearby homes
- $4,288,0005 bd1 ba2k sqft508 W Oceanfront, Newport Beach, CA 92661Off Market
- $6,046,9005 bd4 ba2.8k sqft510 W Oceanfront, Newport Beach, CA 92661Off Market
- $4,513,0004 bd3 ba2.5k sqft504 W Oceanfront, Newport Beach, CA 92661Off Market
- $3,320,0003 bd4 ba2k sqft509 W Balboa Blvd, Newport Beach, CA 92661Sold
- $2,324,7003 bd1 ba1.1k sqft507 W Balboa Blvd, Newport Beach, CA 92661Off Market
- $3,262,8003 bd3 ba2k sqft511 W Balboa Blvd, Newport Beach, CA 92661Off Market
- $7,706,6006 bd4 ba2.8k sqft514 W Oceanfront, Newport Beach, CA 92661Off Market
- $2,519,5004 bd3 ba1.5k sqft107 Island Ave, Newport Beach, CA 92661Off Market
Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 0.7 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 1.2 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Newport
- Middle: Ensign
- High: Newport Harbor
- District: Newport Mesa Unified
Source: The MLS. 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
$1,653,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,653,700
- California
- Orange County
- Newport Beach
- 92661
- 506 W Oceanfront
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