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For Sale|Single Family ResidenceActive

1242 W Oceanfront, Newport Beach, CA 92661

  • 4 beds
  • 4 baths
  • 2,741 sq ft
  • 3,734 sq ft lot
  • Built 1926

MLS# NP26242697 · Listed Nov 12, 2026 · 1 Day On Site

Subdivision Balboa Peninsula (Residential)

27 single-family homes sold in the past 12 months · median $6,925,000

See homes for sale in Balboa Peninsula

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.

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

DateEventPriceNote
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 fixed
$
$143,275/mo
10% down · 30-year fixed · $1,880,000 down
Principal & interest$113,822
Mortgage insurance (est., over 80% LTV)$7,050
Property tax (est. 1.08%)$16,920
Home insurance (rough est., varies widely)$5,483
HOANot reported, not included
$123,578/mo
20% down · 30-year fixed · $3,760,000 down
Principal & interest$101,175
Property tax (est. 1.08%)$16,920
Home insurance (rough est., varies widely)$5,483
HOANot reported, not included
$110,931/mo
30% down · 30-year fixed · $5,640,000 down
Principal & interest$88,528
Property tax (est. 1.08%)$16,920
Home insurance (rough est., varies widely)$5,483
HOANot reported, not included
Estimated carrying cost
$22,403/mo
All cash · taxes and insurance only
Principal & interestNone (cash purchase)
Property tax (est. 1.08%)$16,920
Home insurance (rough est., varies widely)$5,483
HOANot reported, not included

Estimate 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

Want to see 1242 W Oceanfront in person? We have guided buyers through Balboa Peninsula (Residential) and the wider Newport Beach market since 1983. Call to arrange a private tour, or send a note and we'll follow up.

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Selling near 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

This home, asking 12-month median Recent sales, listed below

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

AddressClosedPriceSq ftPer sq ftDays 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

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.

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Listed by Todd Bousman of bouHAUS Properties

Listing information updated Nov 13, 2026 at 1:57 PM PT. Source: CRMLS.

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