$4,995,000
5Beds4Baths2,335SqFt
1311 W Bay AvenueNewport Beach, CA 92661Balboa Peninsula (Residential)
Sold
306 E Oceanfront sold on April 19, 2024 for $4,950,000, 2.8% below the $5,095,000 asking price after 286 days on the market, including an earlier listing; it was first listed at $5,550,000. The buyer paid cash. The details are below for reference.
306 E Oceanfront, Newport Beach, CA 92661
- 3 beds
- 2 baths
- 800 sq ft
- Built 1922
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$4,950,000
Subdivision Balboa Peninsula (Residential)
6 duplexes sold in the past 12 months · median $5,475,000
This property is also on the market under MLS NP26231403 (Residential).
The home
About 306 E Oceanfront
Major price reduction! Welcome to 306 East Oceanfront - a two cottage duplex, each with an active short term rental permit, situated in one of the most desirable areas of Southern California, the Balboa Peninsula. A charming coastal feel exudes in each cottage. The front cottage is an adorable one bedroom one bathroom floor plan with a spacious kitchen and dining area. A large enclosed front patio is the perfect place to watch people go by on the boardwalk. The back cottage is a two bedroom one bathroom floor plan complete with a large living room that opens to a patio with ocean views as far as the eye can see. Ideally located just minutes from the Balboa Pier, Fun Zone, the Wedge, Balboa Island Ferry, and all the world-class dining, shopping, and amenities Newport Beach has to offer. 306 East Oceanfront is truly a one of a kind offering in a landmark location on the sand!
Property details for 306 E Oceanfront
This 3-bedroom, 2-bath duplex sits in the Balboa Peninsula (Residential) neighborhood of Newport Beach in Orange County. It has 800 square feet of living space. The home was built in 1922. The MLS record lists the assessor parcel number as 048-082-08. Highlights include ocean views, ocean frontage, a fireplace, and a two-car garage.
Specifications
Home Details
General Features
- Property Type
- Duplex
- MLS Number
- NP24028668
- Year Built
- 1922
- Living Area (sq ft)
- 800
- Living Area Source
- Assessor
- Lot Size (sq ft)
- 2,400
- Lot Size (acres)
- 0.0551
- Levels
- Two
- Bedrooms
- 3
- Garage Spaces
- 2
- Parking Spaces
- 2
- View
- Ocean, Water
- Parcel Number
- 04808208
- On Market Date
- 2024-02-13
- Listing Terms
- Standard
Interior Features
- Interior Features
- Breakfast Bar, Separate Formal Dining Room
- Appliances
- Refrigerator
- Flooring
- Wood
- Heating
- Fireplaces
- Cooling
- None
- Fireplace
- Dining Room
- Laundry
- In Garage
- Main Level Bedrooms
- 1
- Main Level Bathrooms
- 1
- Entry Level
- 1
- Common Walls
- No Common Walls
Exterior Features
- Lot Features
- Two To Five Units Acre
- Patio and Porch
- Enclosed, See Remarks
- Parking
- Garage
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 2
Community Features
- Subdivision
- Balboa Peninsula (Residential) (BALP)
- Community Features
- Curbs
The record
Property History for 306 E Oceanfront
| Date | Event | Price | Note |
|---|---|---|---|
| Apr 19, 2024 | Sold | $4,950,000 | |
| Apr 16, 2024 | Status changed to Pending | From Active | |
| Apr 1, 2024 | Price reduced | $5,095,000 | From $5,550,000 |
| Feb 13, 2024 | Relisted | $5,550,000 | |
| Oct 3, 2022 | Sold | $5,300,000 | Villa Real Estate |
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 306 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 17 of 19 residential locations in this census block. Cable: Spectrum, up to 1,000 Mbps, at 19 of 19. Fixed wireless: T-Mobile, up to 100 Mbps, at 16 of 19.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590628003033, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 1.1 miles away (Tesla Destination, 1 Level 2 port). 154 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
306 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 306 E Oceanfront
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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 (Residential) home sales, past 12 months
- Homes sold
- 6
- Median price
- $5,475,000
- Median days on market
- 19
- Median per sq ft
- $2,554
Recorded MLS closings of duplexes, Oct 31, 2025 to Oct 31, 2026. Days on market run from listing to going under contract.
Recent Balboa Peninsula (Residential) sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 5901 Seashore Drive | Jul 31, 2026 | $9,500,000 | 3,185 | $2,983 | 40 |
| 213 33rd Street | May 28, 2026 | $2,616,000 | 1,451 | $1,803 | 7 |
| 1204 E Balboa Boulevard | Feb 5, 2026 | $6,600,000 | 2,516 | $2,623 | 183 |
| 4103 Seashore | Jan 8, 2026 | $9,200,000 | 2,724 | $3,377 | 31 |
| 4208 River | Dec 16, 2025 | $4,350,000 | 1,750 | $2,486 | 6 |
See homes for sale in Balboa Peninsula Newport Beach housing market
Schools
School District for 306 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 Kimberly Bibb of Pacific Sotheby's Int'l Realty
Listing information updated Apr 19, 2024 at 9:57 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.