$6,600,000
3Beds3Baths2,562SqFt
1303 E Balboa BoulevardNewport Beach, CA 92661Balboa Peninsula (Residential)
Sold
506 W Oceanfront sold on March 14, 2022 for $6,800,000, 1.4% below the $6,900,000 asking price after 7 days on the market. The buyer financed the purchase. The details are below for reference.
506 W Oceanfront, Newport Beach, CA 92661
- 5 beds
- 3 baths
- 2,294 sq ft
- 2,100 sq ft lot
- Built 2000
Own 506 W Oceanfront? Request a free home valuation to see what it is worth today.
$6,800,000
Subdivision Balboa Peninsula (Residential)
28 single-family homes sold in the past 12 months · median $7,112,500
The home
About 506 W Oceanfront
Looking for a gorgeous beach home overlooking the Pacific ocean and wonderful views of Catalina, this is your home. Freshly painted and built in 2000, this home is ideal for those buyers who are looking for a home on the sands of Balboa Peninsula . Whether you're buying to reside full-time or just a beach home for your getaways, this is it. The kitchen, living room and dining have endless views of the beautfiful Newport skyline with wall to wall windows, dutch front door and a fireplace for those cozy evenings. The kitchen boasts granite counters, dishwasher, gas cooktop, built in refridgerator and barstool counter top. On the second level is your spacious master bedroom suite with balcony that has spectacular views of the ocean, gorgeous skyline and Catalina, all while enjoying your in room fireplace. The master bathroom has dual sinks, walk-in closets and large shower stall. 4 additional bedrooms are located on the same level and located toward the back of the home. The third floor bonus room can be used as a family room, exercise or game room and is adjacent to the expansive sun deck overlooking the wonderful beach with endless views of Catalina and the beautiful skyline. You may also enjoy your day just entertaining in your outside patio while doing some great people watching activities.
Property details for 506 W Oceanfront
This 5-bedroom, 3-bath single-family home sits in the Balboa Peninsula (Residential) neighborhood of Newport Beach in Orange County. It has 2,294 square feet of living space on a 2,100-square-foot lot. The home was built in 2000. The MLS record lists the assessor parcel number as 048-073-10. Highlights include ocean and Catalina views, a fireplace, an attached two-car garage, and central air.
Specifications
Home Details
General Features
- Property Type
- Single Family Residence
- MLS Number
- OC22025993
- Year Built
- 2000
- Living Area (sq ft)
- 2,294
- Living Area Source
- Assessor
- Lot Size (sq ft)
- 2,100
- Lot Size (acres)
- 0.0482
- Levels
- Three Or More
- Bedrooms
- 5
- Garage Spaces
- 2
- Parking Spaces
- 2
- View
- Catalina, Ocean, Panoramic, Water
- Parcel Number
- 04807310
- On Market Date
- 2022-02-09
- Listing Terms
- Standard
Interior Features
- Interior Features
- Breakfast Bar, Balcony, Ceiling Fans, Granite Counters, Pantry, All Bedrooms Up, Primary Suite, Walk In Closets
- Appliances
- Dishwasher, Gas Cooktop, Gas Range, Microwave, Refrigerator
- Flooring
- Carpet, Stone
- Heating
- Central, Fireplaces, Natural Gas
- Cooling
- Central Air
- Fireplace
- Gas, Living Room, Primary Bedroom, Wood Burning
- Laundry
- In Garage
- Main Level Bathrooms
- 1
- Common Walls
- No Common Walls
Exterior Features
- Construction
- Copper Plumbing
- Lot Features
- Zero To One Unit Acre
- Pool Features
- None
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Natural Gas Connected, Sewer Connected, Water Connected
- Units
- 1
Community Features
- Subdivision
- Balboa Peninsula (Residential) (BALP)
- Community Features
- Biking, Sidewalks
The record
Property History for 506 W Oceanfront
| Date | Event | Price | Note |
|---|---|---|---|
| Dec 16, 2024 | Sold | $1,071,500 | Engel & Volkers Dana Point |
| Mar 14, 2022 | Sold | $6,800,000 | |
| Feb 17, 2022 | Status changed to Active Under Contract | From Active | |
| Feb 9, 2022 | Listed for sale | $6,900,000 | |
| Apr 15, 2019 | Sold | $4,865,000 | Beach City Brokers |
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 506 W 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 06059C0381K 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 22 of 22 residential locations in this census block. Cable: Spectrum, up to 1,000 Mbps, at 22 of 22. DSL: AT&T, up to 10 Mbps, at 1 of 22.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590628004026, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 0.9 miles away (Tesla Destination, 1 Level 2 port). 156 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
506 W 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 506 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
- 28
- Median price
- $7,112,500
- Median days on market
- 36
- Median per sq ft
- $2,558
Recorded MLS closings of single-family homes, 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 |
|---|---|---|---|---|---|
| 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 |
| 3601 Lake Avenue | Sep 4, 2026 | $4,500,000 | 2,200 | $2,045 | 7 |
See homes for sale in Balboa Peninsula Newport Beach housing market
Schools
Schools for 506 W Oceanfront
As listed in the MLS record. Confirm attendance boundaries with the school district.
- Elementary
- Newport
- Middle
- Ensign
- High
- Newport Harbor
- District
- Newport Mesa Unified
Living in Newport Beach covers its schools, parks and beaches.
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Listed by Leo Betancourt of RE/MAX TerraSol
Listing information updated Mar 22, 2022 at 9:00 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.