Skip main navigation
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
    : 
    Loading
    Get pre-qualified
    Duplex
    Built in 1973
    2,614 Square Feet Lot
    $5,962,400 Zestimate®
    $2,684/sqft
    $-- HOA

    What's special

    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.
    161 days
    |
    463
    |
    12
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Dominic Tucci DRE #01506188 949-632-2269,

    Pacific Sotheby's Int'l Realty

    Source: CRMLS,MLS#: OC26030071MLS LogoOriginating MLS: California Regional MLS

    Loading...

      Facts & 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: $4,998,471
      • Annual tax amount: $52,398
      • Date on market: 2/9/2026
      • Cumulative days on market: 161 days
      • Listing terms: Conventional,1031 Exchange
      • Inclusions: All furniture, furnishings and electronics
      • Road surface type: Paved

        Estimated market value

        $5,962,400

        $5.66M - $6.26M

        $7,901/mo

        Price history

        DateEventPrice
        7/7/2026Price change$6,199,000-4.5%$2,684/sqft
        Source: CRMLS #OC26030071 Report a problem
        3/19/2026Price change$6,490,000-5.8%$2,810/sqft
        Source: CRMLS #OC26030071 Report a problem
        2/9/2026Listed for sale$6,890,000+3%$2,983/sqft
        Source: CRMLS #OC26025417 Report a problem
        11/5/2025Listing removed$6,690,000$2,896/sqft
        Source: SDMLS #OC25098087 Report a problem
        6/30/2025Listed for sale$6,690,000+33.8%$2,896/sqft
        Source: SDMLS #OC25097465 Report a problem
        11/17/2022Sold$5,000,000-5.7%$2,165/sqft
        Source: Public Record Report a problem
        10/13/2022Contingent$5,300,000$2,294/sqft
        Source: CRMLS #NP22145462 Report a problem
        7/5/2022Listed for sale$5,300,000-9.1%$2,294/sqft
        Source: CRMLS #NP22145462 Report a problem
        6/9/2021Listing removed--
        Source: RE/MAX International Report a problem
        5/6/2021Price change$5,830,000+6.4%$2,524/sqft
        Source: RE/MAX International #TR21032798 Report a problem
        3/6/2021Price change$5,480,000-7.7%$2,372/sqft
        Source: RE/MAX 2000 #TR21032798 Report a problem
        2/19/2021Listed for sale$5,938,000+103%$2,571/sqft
        Source: RE/MAX 2000 #TR21032798 Report a problem
        6/1/2020Sold$2,925,000+23.2%$1,266/sqft
        Source: Public Record Report a problem
        9/29/2014Listing removed$3,400$1/sqft
        Source: Associated Realty Service of Newport Beach, Inc. BRE#654616 Report a problem
        8/17/2014Price change$3,400-2.9%$1/sqft
        Source: Associated Realty Service of Newport Beach, Inc. BRE#654616 Report a problem
        3/29/2014Listed for rent$3,500$2/sqft
        Source: Associated Realty Service of Newport Beach, Inc. BRE#654616 Report a problem
        3/24/2005Sold$2,375,000+63.8%$1,028/sqft
        Source: Public Record Report a problem
        8/11/2003Sold$1,450,000+20.8%$628/sqft
        Source: Public Record Report a problem
        11/19/2002Sold$1,200,000+90.5%$519/sqft
        Source: Public Record Report a problem
        8/18/1995Sold$630,000+19.2%$273/sqft
        Source: Public Record Report a problem
        2/8/1994Sold$528,500$229/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 92661

        Getting around

        76 / 100
        Very Walkable
        0 / 100
        No Nearby Transit
        70 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        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.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

            • Local buyer's agents are ready to help

              Nearby cities

              Nearby neighborhoods

              Nearby zip codes

              Other Newport Beach Topics

                Search
                Updates
                Favorites
                Plan
                Inbox