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506 W Oceanfront, Newport Beach, CA 92661
$1,200,000
506 W Oceanfront, Newport Beach, CA 92661View this property at 506 W Oceanfront, Newport Beach, CA 92661
506 W OceanfrontNewport BeachCA92661
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Property Description
New co-ownership opportunity: 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.
Full Property Details
Full Property Details for 506 W Oceanfront
General
- Price: $1,200,000
- Status: Active
- Type: Single Family
- MLS ID: 24-392287
- Updated: 5/23/2024
- Added to Site: 18 day(s) ago
Interior
- Rooms/Areas: Breakfast Area, Entry, Family Room, Walk-In Closet
- Furnishings: Furnished
- Flooring: Carpet, Tile, Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Family Room: 1
- Laundry: Inside
Additional Information
- Pool Description: None
- Spa Description: None
- Other Features: None
Parking
- Garage: Yes
- Garage Spaces: 2
- Garage Description: Garage - 2 Car, Attached, Direct Entrance
Location
- Area: Balboa Peninsula
- County: Orange
- Driving Directions: South on Balboa Blvd. and then turn right on Island Ave.
Heating & Cooling
- Cooling Type: Air Conditioning
- Heating Type: Forced Air, Central
Structural Information
- Architectural Style: Contemporary
- Structure Type: Single Family Residence
- Common Walls: Detached/No Common Walls
- Stories/Levels: 3
- Square Feet: 2,294
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 2000
- Year Built Source: Other
Additional Structures
- Other Structures: None
Lot Features
- Property View: Coastline, Ocean, Panoramic, White Water
- Lot Size (Acres): 0.0482
- Lot Size: 2100
- Lot Size Source: Vendor Enhanced
- Lot Dimensions: 30 x 70
Financial Considerations
- Price Per Sq. Ft.: $523.1
- Assessment Year: 2000
Disclosures and Reports
- Disclosures/Reports: None
- APN: 048-073-10
Listed by Pacaso Inc., Joseph Maehler
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Schools
Schools serving 506 W Oceanfront
School District:Newport-Mesa Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1327 W Balboa Blvd, Newport Beach, CA 92661 | K-6 | 0.7 mi | |
2000 Cliff Dr, Newport Beach, CA 92663 | 7-8 | 1.2 mi | |
600 Irvine Ave, Newport Beach, CA 92663 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 506 W Oceanfront
Date
Details
Price
Change
Source
5/15/2024
Listed
$1,200,000
-82.35%
MLS
2/18/2022
Sold
$6,800,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 506 W Oceanfront
Year
Property Taxes
Change
Tax Assessment
Change
2023
$73,090
35%
$6,936,000
36%
2022
$54,156
2%
$5,113,983
2%
2021
$53,115
1%
$5,013,709
1%
2020
$52,606
31%
$4,962,300
31%
2019
$40,147
37%
$3,784,431
38%
2018
$29,233
2%
$2,747,967
2%
2017
$28,715
2%
$2,694,086
2%
2016
$28,069
1%
$2,641,261
2%
2015
$27,806
2%
$2,601,587
2%
2014
$27,150
—
$2,550,626
—
2013
$27,015
—
$2,539,099
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 506 W Oceanfront
506 W Oceanfront, Newport Beach, CA 92661 (MLS# 24-392287) is a Single Family property with 5 bedrooms and 3 full bathrooms. 506 W Oceanfront is currently listed for $1,200,000 and was received on May 15, 2024. Want to learn more about 506 W Oceanfront? Do you have questions about finding other Single Family real estate for sale in Newport Beach? You can browse all Newport Beach real estate or contact a Coldwell Banker agent to request more information.