1242 W Oceanfront, Newport Beach, CA 92661
- 4 beds
- 4 baths
- 2,741 sq ft
- 3,734 sq ft lot
- Built 1926
Est. $123,578/mo with 20% down, 30-year fixed
$6,859 a sq ft against a $2,468 Balboa Peninsula (Residential) median. Ask how it comparesSubdivision Balboa Peninsula (Residential)
27 single-family homes sold in the past 12 months · median $6,925,000
The home
About 1242 W Oceanfront
The Philip and Leah Lovell Beach House,
R.M. Schindler (1926).
One of the defining masterpieces of early California modernism, offered for the first time on the centenary of its completion. Widely recognized as “Schindler's second most important work” (Steele, 2005), the Lovell Beach House has served for the last 100 years as the Lovell family’s personal oceanfront retreat. Now it seeks a steward who can enjoy and enrich the “playful mood of beach life” that Schindler sought to conjure up. When client and architect met in the early 1920s, Dr. Philip Lovell was a prominent naturopath; Schindler, born in Vienna, had come to Southern California to supervise Frank Lloyd Wright’s projects in the region. For the young architect, Lovell’s corner lot on Balboa Peninsula would become a laboratory of radical innovation. Inspired by the “pile structure indigenous to all beaches,” Schindler lifted the house above the shore on five reinforced-concrete frames, each cast in the shape of a squared figure eight. The idea was “to assure an unobstructed outlook to the ocean,” he wrote, with enough privacy for “an informal life behind open windows.” Both windows and walls hang on steel rods from Schindler’s concrete skeleton. From street level — with its garage, its enclosed studio and its garden facing the surf — two stairways rise toward the heart of the house: a double-height living and dining room fronted by floor-to-ceiling glass, its volume bisected by a cantilevered balcony running the length of the space. Four bedrooms open off the suspended balcony, boasting views of sea and sand. Throughout, expansive window bays echo the stepped rhythm of the concrete frames — larger panes bordered by smaller ones — so that structure and glazing read as a single composition. Schindler’s intricate built-in furniture has been preserved; one central form blends sofa and storage to divide the living and dining spaces. Published in Popular Mechanics (1927) and Architectural Record (1929) — and listed since 1974 on the National Register of Historic Places — the Lovell Beach House is a spatial and structural achievement that “deserves a place,” according to architectural historian David Gebhard, with Walter “Gropius’s Bauhaus at Dessau (1929-30), Le Corbusier’s Villa Savoye (1929-30) and Mies van der Rohe’s German Pavilion at Barcelona (1929) as a key work of twentieth-century architecture.” Today, the Lovell Beach House remains as inviting as it is impressive — a landmark and a home.
Property details for 1242 W Oceanfront
This 4-bedroom, 4-bath single-family home sits in the Balboa Peninsula (Residential) neighborhood of Newport Beach in Orange County. It has 2,741 square feet of living space on a 3,734-square-foot lot and is listed at $18,800,000, about $6,859 per square foot. The home was built in 1926. The MLS record lists the assessor parcel number as 047-241-24. Highlights include ocean and coastline views, ocean frontage, a fireplace, an attached two-car garage, and modern architecture.
Photographs
Photos of 1242 W Oceanfront, Newport Beach
Specifications
Home Details
General Features
- Property Type
- Single Family Residence
- MLS Number
- NP26242697
- Year Built
- 1926
- Living Area (sq ft)
- 2,741
- Living Area Source
- Assessor
- Lot Size (sq ft)
- 3,734
- Lot Size (acres)
- 0.0857
- Levels
- Three Or More
- Bedrooms
- 4
- Full Baths
- 4
- Garage Spaces
- 2
- Parking Spaces
- 2
- View
- Bay, Catalina, City Lights, Coastline, Harbor, Hills, Mountains, Neighborhood, Ocean, Water
- Parcel Number
- 04724124
- On Market Date
- 2026-11-12
- Listing Terms
- Standard
Interior Features
- Interior Features
- Beamed Ceilings, Balcony, Breakfast Area, Dry Bar, Separate Formal Dining Room, Eat In Kitchen, High Ceilings, Living Room Deck Attached, Open Floorplan, Storage, Trash Chute, Tile Counters, All Bedrooms Up
- Appliances
- Built In Range, Electric Oven, Disposal
- Flooring
- Carpet, Concrete, Laminate, Wood
- Heating
- Central, Natural Gas
- Cooling
- None
- Fireplace
- Bonus Room, Gas, Great Room, Living Room, Wood Burning
- Laundry
- Electric Dryer Hookup, Gas Dryer Hookup, Inside
- Main Level Bathrooms
- 1
- Entry Level
- 2
- Common Walls
- No Common Walls
- Accessibility
- See Remarks
- Rooms
- Bonus Room, Bathroom, Kitchen, Dining Room, Bedroom, Living Room, Retreat, Game Room
Exterior Features
- Architectural Style
- Modern
- Exterior Features
- Rain Gutters
- Roof
- Membrane, Rolled Hot Mop
- Construction
- Drywall, Concrete, Plaster, Stucco
- Foundation
- Combination, Pillar Post Pier, Slab
- Lot Features
- Zero To One Unit Acre, Corner Lot, Drip Irrigation Bubblers, Landscaped, Rectangular Lot, Street Level, Yard
- Patio and Porch
- Concrete, Deck, Enclosed, Rooftop
- Parking
- Direct Access, Door Single, Garage, Garage Faces Rear
- Fencing
- Block, Stucco Wall, Wood
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Electricity Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
- Faces
- South
- Units
- 1
Community Features
- Subdivision
- Balboa Peninsula (Residential) (BALP)
- Community Features
- Biking, Curbs, Gutters, Storm Drains, Street Lights, Sidewalks, Water Sports
- Security
- Smoke Detectors
The record
Property History for 1242 W Oceanfront
| Date | Event | Price | Note |
|---|---|---|---|
| Nov 12, 2026 | Status changed to Active | From Coming Soon | |
| Nov 12, 2026 | Listed for sale | $18,800,000 |
No prior MLS sales on record for this home since 2012.
Cost of ownership
Estimated monthly payment
7.11% · 30-yr fixedEstimate only, not a loan offer or quote. Principal and interest use the Freddie Mac 30-year fixed average of 7.11% (week of Nov 12, 2026); your rate will differ. A loan this size is typically a jumbo loan, which prices differently. Tax and insurance are modelled, not billed amounts; tax uses a typical Newport Beach rate, excluding Mello-Roos. Verify all figures. Full assumptions and disclosures.
Next steps
Buying 1242 W 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
- 27
- Median price
- $6,925,000
- Median days on market
- 35
- Median per sq ft
- $2,468
Recorded MLS closings of single-family homes, Nov 6, 2025 to Nov 6, 2026. Days on market run from listing to going under contract.
Price per square foot against recent Balboa Peninsula (Residential) sales
At $6,859 per square foot, this home's asking price is 178% above the Balboa Peninsula (Residential) median of $2,468 for single-family homes that closed in the past 12 months.
Recent Balboa Peninsula (Residential) sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 117 E Bay | Nov 6, 2026 | $5,565,250 | 2,255 | $2,468 | 13 |
| 1123 E Balboa | Oct 25, 2026 | $10,900,000 | 2,851 | $3,823 | 36 |
| 915 W Bay Avenue | Oct 19, 2026 | $4,921,000 | 2,270 | $2,168 | 3 |
| 3603 Lake Avenue | Oct 5, 2026 | $4,550,000 | 2,200 | $2,068 | 0 |
| 1440 W Bay Avenue | Sep 9, 2026 | $9,125,000 | 3,264 | $2,796 | 0 |
See homes for sale in Balboa Peninsula Newport Beach housing market
Schools
Schools for 1242 W Oceanfront
As listed in the MLS record. Confirm attendance boundaries with the school district.
- Elementary
- Newport
- Middle
- Ensign
- High
- Harbor
- District
- Newport Mesa Unified
Living in Newport Beach covers its schools, parks and beaches.
Location
Location
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Listed by Todd Bousman of bouHAUS Properties
Listing information updated Nov 13, 2026 at 1:57 PM 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.













