Back to Results
Prev Next

506 Oceanfront, Newport Beach

$5,995,000 - 7 Beds - 6 Baths - 2,614 Lot Sq. Ft - 56 DOM

$500,000 Price Improvement! Bring All Reasonable Offers! Once in a lifetime opportunity! For the 1st time in over 35 years, 506 E. Oceanfront is NOW available to add to your investment portfolio as an investment asset or, utilize it for your future primary residence (or both as its zoned as a Duplex). These assets customarily never hit the market and become generational properties! Don't Hesitate. Don't let this unique opportunity pass you by. Located in the heart of the Balboa Peninsula! Wake up and choose the Bike Path in front, the volleyball courts, or enjoy the sand and Pacific Ocean - all just steps away. If you choose to take a short stroll, you are immediately in the heart of all the action. Just steps to the pier, local restaurants, and plenty of parking for your guests as the city parking facilities are also just steps away. Not too many places along the California Coastline could offer this much opportunity. Current unit mix (Unit A) is a Three Bedroom Two Bath unit - potentially set up to sleep 9 Guests, and Unit B as a 4 bedroom 2 1/2 Bath unit that is potentially set up to sleep 12 Guests... Imagine having 21 guests at your Beach Front Oasis!

Listing Agent
David Holstein - The Holstein Group

Do you plan to sell your home to buy this one?

Get your home evaluation

Essential Information

For 506 Oceanfront, Newport Beach
  • MLS® # SB24045420
  • Price $5,995,000
  • Bedrooms 7
  • Bathrooms 6.00
  • Lot Square Footage 2,614
  • Year Built 1973
  • Type Residential Income
  • Sub-Type Duplex
  • Status Active

Community Information

For 506 Oceanfront, Newport Beach

Subdivision

For 506 Oceanfront, Newport Beach

City

For 506 Oceanfront, Newport Beach

Amenities

For 506 Oceanfront, Newport Beach
  • Parking Spaces 3
  • # of Garages 2
  • View Ocean, Water, Pier
  • Pool None

Waterfront

For 506 Oceanfront, Newport Beach

Interior

For 506 Oceanfront, Newport Beach
  • Appliances Dryer, Washer
  • # of Stories 2
  • Stories Two

Exterior

For 506 Oceanfront, Newport Beach
  • Lot Description 0-1 Unit/Acre

Additional Information

For 506 Oceanfront, Newport Beach
  • Date Listed March 5th, 2024
  • Days on Market 56

Similar Listings Properties for Sale Similar to 506 Oceanfront, Newport Beach

$4,650,000
 

916 Balboa Boulevard, Newport Beach

6 Beds, 5 Baths,
Welcome to this stunning newly completed duplex situated in a highly desirable location on Balboa Peninsula in Newport Beach. This exceptional property offers the perfect blend of contemporary design, modern aesthetics and functionality, making it an ideal opportunity for both homeowners and investors alike. The front owners unit boasts a spacious layout of 1812 sq. ft. with 3 bedrooms with one that opens onto a generous bright and sunny deck.
Lisa Ancich Compass Newport Beach

506 Oceanfront Newport Beach MLS® #SB24045420

You are viewing the for at 506 Oceanfront with the MLS® SB24045420 on Previewochomes.com. This at 506 Oceanfront, . 92661 is located in the Balboa Peninsula (Residential) (BALP) subdivision and is currently for featuring a 2614 sq.ft. lot and listed for sale at $5,995,000. This for at 506 Oceanfront with the MLS® # SB24045420 has been listed since 2024-03-05.

Please contact us for additional information and assistance.

Price Change History for 506 Oceanfront, Newport Beach, (MLS® #SB24045420)

Date Details Change
Price Reduced from $6,500,000 to $5,995,000 $505,000 (7.77%)

Based on information from California Regional Multiple Listing Service, Inc. as of May 1st, 2024 at 10:25am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Property Listed By: David Holstein of The Holstein Group