Sold
1516 E Oceanfront sold on March 19, 2021 for $8,275,000, 2.6% below the $8,500,000 asking price on its first day on the market. The buyer paid cash. The details are below for reference.
1516 E Oceanfront, Newport Beach, CA 92661
- 5 beds
- 4 baths
- 3,083 sq ft
- 3,720 sq ft lot
- Built 1963
Own 1516 E Oceanfront? Request a free home valuation to see what it is worth today.
$8,275,000
Subdivision Balboa Peninsula Point
26 single-family homes sold in the past 12 months · median $4,575,000
The home
About 1516 E Oceanfront
SOLD BEFORE PROCESSING AND ENTERED FOR COMP PURPOSES ONLY. BEACH HOUSE ON THE SAND ON PENINSULA POINT.
Property details for 1516 E Oceanfront
This 5-bedroom, 4-bath single-family home sits in the Balboa Peninsula Point neighborhood of Newport Beach in Orange County. It has 3,083 square feet of living space on a 3,720-square-foot lot. The home was built in 1963. The MLS record lists the assessor parcel number as 048-202-33. Highlights include ocean and coastline views, a fireplace, and an attached two-car garage.
Specifications
Home Details
General Features
- Property Type
- Single Family Residence
- MLS Number
- NP21058150
- Year Built
- 1963
- Living Area (sq ft)
- 3,083
- Lot Size (sq ft)
- 3,720
- Lot Size (acres)
- 0.0854
- Levels
- Two
- Bedrooms
- 5
- Full Baths
- 4
- Garage Spaces
- 2
- Parking Spaces
- 2
- View
- Coastline, Ocean, Panoramic, Water
- Parcel Number
- 04820233
- On Market Date
- 2021-03-19
- Listing Terms
- Standard
Interior Features
- Interior Features
- Bedroom On Main Level, Primary Suite, Walk In Closets
- Appliances
- Dryer, Washer
- Cooling
- See Remarks
- Fireplace
- Living Room, Primary Bedroom
- Laundry
- In Garage
- Main Level Bedrooms
- 1
- Main Level Bathrooms
- 1
- Common Walls
- No Common Walls
Exterior Features
- Lot Features
- Landscaped
- Pool Features
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 1
Community Features
- Subdivision
- Balboa Peninsula Point (BLPP)
- Community Features
- Storm Drains, Street Lights, Sidewalks, Urban, Water Sports
The record
Property History for 1516 E Oceanfront
| Date | Event | Price | Note |
|---|---|---|---|
| Mar 19, 2021 | Sold | $8,275,000 | |
| Mar 19, 2021 | Listed for sale | $8,500,000 |
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 1516 E Oceanfront
We looked up this home's map point in public government maps. These facts are not part of the MLS listing.
Hazard zones
- Flood zone
Zone X, 0.2 percent annual chance flood hazard. Outside FEMA's Special Flood Hazard Area.
FEMA National Flood Hazard Layer, FIRM panel 06059C0382K effective March 21, 2019. Checked October 15, 2026.
- Fire hazard severity zone
Not in a fire hazard severity zone on the State Fire Marshal's map.
CAL FIRE, State Fire Marshal map for Local Responsibility Areas, March 24, 2025. Checked October 15, 2026.
- Earthquake fault zone
Outside the Alquist-Priolo Earthquake Fault Zones.
California Geological Survey, Earthquake Fault Zones map, Newport Beach quadrangle, released July 1, 1986. Checked October 15, 2026.
- Liquefaction zone
Inside a Seismic Hazard Zone for liquefaction.
California Geological Survey, Seismic Hazard Zones map, Newport Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Landslide zone
Outside the earthquake-induced landslide zones.
California Geological Survey, Seismic Hazard Zones map, Newport Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Tsunami hazard area
Inside the Tsunami Hazard Area on the State's evacuation planning map.
California Geological Survey and Cal OES, Tsunami Hazard Area map for Orange County (2021). Checked October 15, 2026.
Internet and charging
- Fixed internet
Fiber: AT&T, up to 5,000 Mbps, at 41 of 41 residential locations in this census block. Cable: Spectrum, up to 1,000 Mbps, at 41 of 41. Fixed wireless: T-Mobile, up to 100 Mbps, at 34 of 41.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590628001021, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 1.0 miles away (5 Level 2 ports). 146 public charging ports within 3 miles.
U.S. Department of Energy, Alternative Fuels Data Center. Straight-line distance. Checked October 15, 2026.
These facts are for the listing's map point, which can sit off the lot. A zone line can also cross a lot, and agencies revise their maps. In cities, the fire zone line follows the State Fire Marshal's 2025 map; each city adopts its own map and may add areas. These lines are not a Natural Hazard Disclosure. Check the official maps and the seller's disclosures before you rely on them. Sources for the earthquake zone lines: Reproduced with permission, California Geological Survey, Webservice of Official Maps of Alquist-Priolo Earthquake Fault Zones (2025). Reproduced with permission, California Geological Survey, Webservice of Official Maps of Seismic Hazard Zones (2025).
Official maps
Next steps
Looking for something similar
1516 E Oceanfront is no longer on the market, but comparable homes come up in Newport Beach regularly. We can tell you what this one actually closed at and set up alerts for listings that match it.
Selling near 1516 E Oceanfront
Thinking of selling nearby? We bring current Balboa Peninsula Point sales data and a clear pricing strategy to every listing, backed by more than 700 closed sales and over $1B in Orange County volume. Start with a free home valuation, or reach out to talk through your options.
The neighborhood
About Newport Beach
Set along the Pacific in Orange County, Newport Beach surrounds Newport Harbor, where Balboa Island, Lido Isle, and the Balboa Peninsula frame one of California's largest recreational harbors. The city stretches from the Balboa and Newport piers to Corona del Mar and Fashion Island, within the Newport-Mesa Unified School District.
Balboa Peninsula Point home sales, past 12 months
- Homes sold
- 26
- Median price
- $4,575,000
- Median days on market
- 13
- Median per sq ft
- $2,914
Recorded MLS closings of single-family homes, Nov 2, 2025 to Nov 2, 2026. Days on market run from listing to going under contract.
Recent Balboa Peninsula Point sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 2007 Miramar | Oct 29, 2026 | $4,850,000 | 2,408 | $2,014 | 0 |
| 449 M Street | Oct 29, 2026 | $3,800,000 | 1,174 | $3,237 | 12 |
| 2012 E Ocean Boulevard | Sep 28, 2026 | $3,650,000 | 1,643 | $2,222 | 8 |
| 503 L Street | Sep 22, 2026 | $6,600,000 | 3,148 | $2,097 | 93 |
| 1730 E Ocean Boulevard | Sep 18, 2026 | $4,200,000 | 2,100 | $2,000 | 110 |
See homes for sale in Balboa Peninsula Newport Beach housing market
Schools
School District for 1516 E Oceanfront
As listed in the MLS record. Confirm attendance boundaries with the school district.
The MLS record lists the school district as Newport Mesa Unified.
Living in Newport Beach covers its schools, parks and beaches.
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Listed by Tara Foster Shapiro of Pacific Sotheby's Int'l Realty
Listing information updated Apr 30, 2021 at 10:19 AM PT. Source: CRMLS.
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. The 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, the 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.