$5,650,000
5Beds5Baths3,002SqFt
2212 W OceanfrontNewport Beach, CA 92663Balboa Peninsula (Residential)
700 E Oceanfront, Newport Beach, CA 92661
- 4 beds
- 3 baths
- 2,310 sq ft
- Built 1973
$5,990,000
Est. $39,601/mo with 20% down, 30-year fixed
$2,593 a sq ft against a $2,623 Balboa Peninsula (Residential) median. Ask how it comparesSubdivision Balboa Peninsula (Residential)
5 duplexes sold in the past 12 months · median $6,600,000
This property is also on the market under MLS OC26025417 (Residential Income).
Open house
Open House
The home
About 700 E Oceanfront
SIGNIFICANT PRICE IMPROVEMENT!
RARE - TWO Short Term Lodging Permits ON THE BOARDWALK! Fabulous remodeled oceanfront getaway, turnkey vacation rental business or BOTH? The choice is yours at 700 E Oceanfront The property presents a fantastic opportunity to own an updated duplex in the heart of the Balboa Peninsula. LOCATION LOCATION LOCATION, this property is near all of the attractions that you and/or your vacation rental guests desire. Steps away from the sand and ocean, the property is located on the boardwalk and walking distance to Balboa Fun Zone, with activities for all and ferry service to Balboa Island as well as Catalina. The corner location affords unparalleled sunlight and those cooling ocean breezes. The lower 1 bed/1 bath unit is newly remodeled and has its own indoor laundry. A large, open living area flows seamlessly into an upgraded kitchen with quartz composite countertops and a breakfast bar. An oversize deck is perfect for enjoying the beach lifestyle and large gatherings. The upstairs unit is well-designed and newly remodeled throughout, including kitchen (w/ island and wine fridge) and entertaining space, as well as 3 generous bedrooms (the Primary has its own kitchenette) and 2 bathrooms. The living/great room features breathtaking views of the ocean and Balboa Pier. The duplex has been professionally managed and meticulously maintained. Notable features include: Air conditioning (new in 2023), new roof, double-paned windows and functional and cosmetic updates throughout. A rare oversize garage can accommodate up to four cars. This oceanfront duplex offers a proven track record and excellent reviews from former guests. Incredible income potential with 2 Short Term Lodging permits in place. Act quickly! With only 1550 Short Term Lodging Permits available in the entire city, having a property with TWO on Oceanfront is truly a rare opportunity.Seller may consider participating in a loan rate buy-down with an appropriate offer.
Property details for 700 E Oceanfront
This 4-bedroom, 3-bath duplex sits in the Balboa Peninsula (Residential) neighborhood of Newport Beach in Orange County. It has 2,310 square feet of living space and is listed at $5,990,000, about $2,593 per square foot. The home was built in 1973. The MLS record lists the assessor parcel number as 048-135-12. Highlights include ocean views, an attached four-car garage, central air, and a turnkey home.
Photographs
Photos of 700 E Oceanfront, Newport Beach
Specifications
Home Details
General Features
- Property Type
- Duplex
- MLS Number
- OC26030071
- Year Built
- 1973
- Living Area (sq ft)
- 2,310
- Living Area Source
- Assessor
- Lot Size (sq ft)
- 2,614
- Lot Size (acres)
- 0.06
- Levels
- Two
- Bedrooms
- 4
- Full Baths
- 3
- Garage Spaces
- 4
- Parking Spaces
- 4
- View
- Ocean
- Parcel Number
- 04813512
- On Market Date
- 2026-02-09
- Zoning
- RSC-R
- Listing Terms
- Standard
Interior Features
- Interior Features
- Wet Bar, Balcony, Living Room Deck Attached, Open Floorplan, Quartz Counters, Primary Suite
- Appliances
- Dishwasher, Electric Range, Electric Water Heater, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
- Flooring
- Carpet, Tile
- Heating
- Central, Radiant
- Cooling
- Central Air, See Remarks
- Fireplace
- None
- Laundry
- Inside, See Remarks
- Main Level Bedrooms
- 1
- Main Level Bathrooms
- 1
- Entry Level
- 1
- Common Walls
- No Common Walls
- Windows
- Double Pane Windows
- Rooms
- Primary Bedroom, Kitchen, Great Room, Living Room, Family Room, Primary Bathroom
Exterior Features
- Exterior Features
- Barbecue
- Construction
- Stucco
- Foundation
- Slab
- Lot Features
- Corner Lot, Near Public Transit, Walkstreet
- Parking
- Garage, Paved, Garage Faces Rear, Tandem
- Fencing
- None
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Condition
- Turnkey
- Units
- 2
Community Features
- Subdivision
- Balboa Peninsula (Residential) (BALP)
- Community Features
- Biking, Curbs, Fishing, Gutters, Hiking, Park, Storm Drains, Street Lights, Sidewalks, Water Sports
- Security
- Smoke Detectors
The record
Property History for 700 E Oceanfront
| Date | Event | Price | Note |
|---|---|---|---|
| Sep 29, 2026 | Price reduced | $5,990,000 | From $6,199,000 |
| Jul 7, 2026 | Price reduced | $6,199,000 | From $6,490,000 |
| Mar 18, 2026 | Price reduced | $6,490,000 | From $6,890,000 |
| Feb 9, 2026 | Listed for sale | $6,890,000 | |
| Nov 17, 2022 | Sold | $5,000,000 | Villa Real Estate |
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 700 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 1,000 Mbps, at 1 of 4 residential locations in this census block. Cable: Spectrum, up to 1,000 Mbps, at 3 of 4. DSL: AT&T, up to 10 Mbps, at 4 of 4.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590628003039, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 1.2 miles away (Tesla Destination, 2 Level 2 ports). 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
Cost of ownership
Estimated monthly payment
7.18% · 30-yr fixed$
$45,905/mo
10% down · 30-year fixed · $599,000 down
Principal & interest$36,521
Mortgage insurance (est., over 80% LTV)$2,246
Property tax (est. 1.08%)$5,391
Home insurance (rough est., varies widely)$1,747
HOANot reported, not included
$39,601/mo
20% down · 30-year fixed · $1,198,000 down
Principal & interest$32,463
Property tax (est. 1.08%)$5,391
Home insurance (rough est., varies widely)$1,747
HOANot reported, not included
$35,543/mo
30% down · 30-year fixed · $1,797,000 down
Principal & interest$28,405
Property tax (est. 1.08%)$5,391
Home insurance (rough est., varies widely)$1,747
HOANot reported, not included
Estimated carrying cost
$7,138/mo
All cash · taxes and insurance only
Principal & interestNone (cash purchase)
Property tax (est. 1.08%)$5,391
Home insurance (rough est., varies widely)$1,747
HOANot reported, not included
Estimate only, not a loan offer or quote. Principal and interest use the Freddie Mac 30-year fixed average of 7.18% (week of Nov 5, 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 700 E Oceanfront
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Selling near 700 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
- 5
- Median price
- $6,600,000
- Median days on market
- 31
- Median per sq ft
- $2,623
Recorded MLS closings of duplexes, Nov 4, 2025 to Nov 4, 2026. Days on market run from listing to going under contract.
Price per square foot against recent Balboa Peninsula (Residential) sales
At $2,593 per square foot, this home's asking price is close to the Balboa Peninsula (Residential) median of $2,623 for duplexes that closed in the past 12 months.
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
Schools for 700 E 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.
Location
Location
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Listed by Dominic Tucci of Pacific Sotheby's Int'l Realty
Listing information updated Nov 10, 2026 at 4:07 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.