RARE - TWO Short Term Lodging Permits ON THE BOARDWALK! Fabulous remodeled oceanfront getaway, turnkey vacation rental business or BOTH? The choice is yours at 700 E Oceanfront The property presents a fantastic opportunity to own an updated duplex in the heart of the Balboa Peninsula. LOCATION LOCATION LOCATION, this property is near all of the attractions that you and/or your vacation rental guests desire. Steps away from the sand and ocean, the property is located on the boardwalk and walking distance to Balboa Fun Zone, with activities for all and ferry service to Balboa Island as well as Catalina. The corner location affords unparalleled sunlight and those cooling ocean breezes. The lower 1 bed/1 bath unit is newly remodeled and has its own indoor laundry. A large, open living area flows seamlessly into an upgraded kitchen with quartz composite countertops and a breakfast bar. An oversize deck is perfect for enjoying the beach lifestyle and large gatherings. The upstairs unit is well-designed and newly remodeled throughout, including kitchen (w/ island and wine fridge) and entertaining space, as well as 3 generous bedrooms (the Primary has its own kitchenette) and 2 bathrooms. The living/great room features breathtaking views of the ocean and Balboa Pier. The duplex has been professionally managed and meticulously maintained. Notable features include: Air conditioning (new in 2023), new roof, double-paned windows and functional and cosmetic updates throughout. A rare oversize garage can accommodate up to four cars. This oceanfront duplex offers a proven track record and excellent reviews from former guests. Incredible income potential with 2 Short Term Lodging permits in place. Act quickly! With only 1550 Short Term Lodging Permits available in the entire city, having a property with TWO on Oceanfront is truly a rare opportunity.
For sale
Listed by: Pacific Sotheby's Int'l Realty • Dominic Tucci • Contact: 949-632-2269
Price cut: $291K (7/7)
$6,199,000
700 E Oceanfront, Newport Beach, CA 92661
4beds
2,310sqft
Duplex
Built in 1973
2,614 Square Feet Lot
$5,998,000 Zestimate®
$2,684/sqft
$-- HOA
What's special
- 213 days
- 381
- 9
Zillow last checked:
Listing updated:
Listed by:
Dominic Tucci DRE #01506188 949-632-2269,
Pacific Sotheby's Int'l Realty
Source: CRMLS,MLS#: OC26030071
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Family Room, Great Room, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
Primary bedroom
- Features: Primary Suite
Heating
- Central, Radiant
Cooling
- Central Air, See Remarks
Appliances
- Included: Dishwasher, Electric Range, Electric Water Heater, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
- Laundry: Inside, See Remarks
Features
- Wet Bar, Balcony, Living Room Deck Attached, Open Floorplan, Quartz Counters, Primary Suite
- Flooring: Carpet, Tile
- Windows: Double Pane Windows
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,310 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Garage, Paved, Garage Faces Rear, Tandem
- Attached garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Exterior features: Barbecue
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
- Waterfront features: Beach Access, Ocean Access
Lot
- Size: 2,614 Square Feet
- Features: Corner Lot, Near Public Transit, Walkstreet
Details
- Parcel number: 04813512
- Zoning: RSC-R
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Duplex
Materials
- Stucco
- Foundation: Slab
Condition
- Turnkey
- New construction: No
- Year built: 1973
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Curbs, Fishing, Gutter(s), Hiking, Park, Storm Drain(s), Street Lights, Sidewalks, Water Sports
- Security: Smoke Detector(s)
- Subdivision: Balboa Peninsula (Residential) (Balp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $2,684/sqft
- Tax assessed value: $5,242,605
- Date on market: 2/9/2026
- Cumulative days on market: 213 days
- Listing terms: Conventional,1031 Exchange
- Inclusions: All furniture, furnishings and electronics
- Road surface type: Paved
Estimated market value
$5,998,000
$5.70M - $6.30M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Price change | $6,199,000-4.5%$2,684/sqft |
Source:  CRMLS #OC26030071 Report a problem | ||
| 3/19/2026 | Price change | $6,490,000-5.8%$2,810/sqft |
Source: CRMLS #OC26030071 Report a problem | ||
| 2/9/2026 | Listed for sale | $6,890,000+3%$2,983/sqft |
Source: CRMLS #OC26025417 Report a problem | ||
| 11/5/2025 | Listing removed | $6,690,000$2,896/sqft |
Source:  SDMLS #OC25098087 Report a problem | ||
| 6/30/2025 | Listed for sale | $6,690,000+33.8%$2,896/sqft |
Source: SDMLS #OC25097465 Report a problem | ||
| 11/17/2022 | Sold | $5,000,000-5.7%$2,165/sqft |
Source: Public Record Report a problem | ||
| 10/13/2022 | Contingent | $5,300,000$2,294/sqft |
Source: CRMLS #NP22145462 Report a problem | ||
| 7/5/2022 | Listed for sale | $5,300,000-9.1%$2,294/sqft |
Source: CRMLS #NP22145462 Report a problem | ||
| 6/9/2021 | Listing removed | -- |
Source:  RE/MAX International Report a problem | ||
| 5/6/2021 | Price change | $5,830,000+6.4%$2,524/sqft |
Source: RE/MAX International #TR21032798 Report a problem | ||
| 3/6/2021 | Price change | $5,480,000-7.7%$2,372/sqft |
Source: RE/MAX 2000 #TR21032798 Report a problem | ||
| 2/19/2021 | Listed for sale | $5,938,000+103%$2,571/sqft |
Source: RE/MAX 2000 #TR21032798 Report a problem | ||
| 6/1/2020 | Sold | $2,925,000+23.2%$1,266/sqft |
Source: Public Record Report a problem | ||
| 9/29/2014 | Listing removed | $3,400$1/sqft |
Source: Associated Realty Service of Newport Beach, Inc. BRE#654616 Report a problem | ||
| 8/17/2014 | Price change | $3,400-2.9%$1/sqft |
Source: Associated Realty Service of Newport Beach, Inc. BRE#654616 Report a problem | ||
| 3/29/2014 | Listed for rent | $3,500$2/sqft |
Source: Associated Realty Service of Newport Beach, Inc. BRE#654616 Report a problem | ||
| 3/24/2005 | Sold | $2,375,000+63.8%$1,028/sqft |
Source: Public Record Report a problem | ||
| 8/11/2003 | Sold | $1,450,000+20.8%$628/sqft |
Source: Public Record Report a problem | ||
| 11/19/2002 | Sold | $1,200,000+90.5%$519/sqft |
Source: Public Record Report a problem | ||
| 8/18/1995 | Sold | $630,000+19.2%$273/sqft |
Source: Public Record Report a problem | ||
| 2/8/1994 | Sold | $528,500$229/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $5,242,605 +4.9% |
| 2025 | $52,398 +1.6% | $4,998,471 +2% |
| 2024 | $51,590 -19.5% | $4,900,462 -2% |
| 2023 | $64,065 +98.9% | $5,000,000 +65.9% |
| 2022 | $32,217 +2% | $3,014,409 +2% |
| 2021 | $31,600 -2.4% | $2,955,303 -2.4% |
| 2020 | $32,372 | $3,027,079 +2% |
| 2019 | $32,372 +2.1% | $2,967,725 +2% |
| 2018 | $31,701 +3.9% | $2,909,535 +2% |
| 2017 | $30,521 | $2,852,486 +2% |
| 2016 | $30,521 +2.3% | $2,796,555 +1.5% |
| 2015 | $29,835 +3.4% | $2,754,549 +2% |
| 2014 | $28,858 | $2,700,592 +0.5% |
| 2013 | -- | $2,688,387 +2% |
| 2012 | -- | $2,635,674 +2% |
| 2011 | -- | $2,583,995 +0.8% |
| 2010 | -- | $2,564,683 -0.2% |
| 2009 | -- | $2,570,776 +2% |
| 2008 | -- | $2,520,369 +2% |
| 2007 | -- | $2,470,950 +2% |
| 2006 | -- | $2,422,500 +61% |
| 2005 | -- | $1,504,500 +2% |
| 2004 | -- | $1,475,000 +34.1% |
| 2003 | -- | $1,100,000 +55.3% |
| 2002 | -- | $708,457 +2% |
| 2001 | $7,177 +2.6% | $694,566 +2% |
| 2000 | $6,997 | $680,948 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 92661
Nearby schools
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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