$4,499,000
1733 W Balboa BoulevardNewport Beach, CA 92663Balboa Peninsula (Residential)
Sold
506 E Oceanfront sold on November 15, 2024 for $4,000,000. The details are below for reference.
506 E Oceanfront, Newport Beach, CA 92661
- 3,044 sq ft
- Built 1973
Own 506 E Oceanfront? Request a free home valuation to see what it is worth today.
$4,000,000
Subdivision Balboa Peninsula (Residential)
6 duplexes sold in the past 12 months · median $5,475,000
The home
About 506 E Oceanfront
$500,000 Price Reduction! Bring All Reasonable Offers for this Once in a lifetime opportunity!
This asset is a once in a lifetime opportunity! Options to utilize it for your primary residence, 50% as your primary residence (since it's a legal duplex), and/or keep it fully in the rental pool generating income while having it accessible to use personally when vacant.
Included in the sale, TWO highly coveted, transferable, active Short-Term-Lodging permits approved with the city. Buyer to verify all details for their intents and purposes. Located in the heart of the Balboa Peninsula on the Newport Beach Sand! Occupants can enjoy the immediate social life of the Bike Path & Volleyball Courts or a short stroll to the Surf Shops, Restaurants, Markets, and The Pier.
Short term permits allow for approximate 16 occupants (buyer to verify) between the 2 units (Unit A, approximately 1333 sq ft.), a Three Bedroom Two Bath unit, and Unit B (approximately 1676 sq. ft), is a 4 bedroom 2 1/2 Bath. Special Note: Across the bike path from this asset, your resident's and their guest can enjoy access to a giant city parking facility. This asset has it ALL. Parking, Duplex, High Occupancy Potential, Income, Sand Location, Bike Path and immediate ocean/sand access. This is an heirloom asset that should not be overlooked! Other options to consider, park money here for your 1031 exchange? or lease it out to long term tenants? Opportunities are endless!
Property details for 506 E Oceanfront
This duplex sits in the Balboa Peninsula (Residential) neighborhood of Newport Beach in Orange County. It has 3,044 square feet of living space. The home was built in 1973. The MLS record lists the assessor parcel number as 048-122-10. Highlights include ocean and pier views, ocean frontage, and a two-car garage.
Specifications
Home Details
General Features
- Property Type
- Duplex
- MLS Number
- SB24045420
- Year Built
- 1973
- Lot Size (sq ft)
- 2,614
- Lot Size (acres)
- 0.06
- Levels
- Two
- Garage Spaces
- 2
- Parking Spaces
- 3
- View
- Ocean, Pier, Water
- Parcel Number
- 04812210
- On Market Date
- 2024-03-05
- Listing Terms
- Standard
Interior Features
- Appliances
- Dryer, Washer
- Entry Level
- 1
- Common Walls
- Two Common Walls Or More
Exterior Features
- Lot Features
- Zero To One Unit Acre
- Pool Features
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 2
Community Features
- Subdivision
- Balboa Peninsula (Residential) (BALP)
- Community Features
- Biking, Fishing, Hiking, Sidewalks, Water Sports
The record
Property History for 506 E Oceanfront
| Date | Event | Price | Note |
|---|---|---|---|
| Nov 15, 2024 | Sold | $4,000,000 | |
| Sep 25, 2024 | Status changed to Pending | From Active | |
| Sep 17, 2024 | Status changed to Active | From Active Under Contract | |
| Sep 9, 2024 | Status changed to Active Under Contract | From Active | |
| Jul 10, 2024 | Price reduced | $4,995,000 | From $5,495,000 |
| May 29, 2024 | Price reduced | $5,495,000 | From $5,995,000 |
| Apr 29, 2024 | Price reduced | $5,995,000 | From $6,500,000 |
| Mar 5, 2024 | Listed for sale | $6,500,000 |
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 506 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 7 of 7 residential locations in this census block. Cable: Spectrum, up to 1,000 Mbps, at 7 of 7. Fixed wireless: Verizon, up to 300 Mbps, at 7 of 7.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590628003032, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 1.2 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
506 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 506 E Oceanfront
Thinking of selling nearby? We bring current Balboa Peninsula (Residential) sales data and a clear pricing strategy to every listing, backed by more than 700 closed sales and over $1B in Orange County volume. Start with a free home valuation, or reach out to talk through your options.
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, Nov 2, 2025 to Nov 2, 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
Nearby listings
Similar Homes for Sale in Newport Beach
$5,795,000
2212 W OceanfrontNewport Beach, CA 92663Balboa Peninsula (Residential)
$4,050,000
4802 Neptune AveNewport Beach, CA 92663Balboa Peninsula (Residential)
$5,990,000
700 E OceanfrontNewport Beach, CA 92661Balboa Peninsula (Residential)
$5,995,000
111 38thNewport Beach, CA 92663Balboa Peninsula (Residential)
$3,395,000
4Beds2Baths1,896SqFt
211 Cypress StreetNewport Beach, CA 92661Balboa Peninsula (Residential)
$3,295,000
1200 W BalboaNewport Beach, CA 92661Balboa Peninsula (Residential)
Newport BeachSee every home for sale in Newport BeachNearby sales
Recently Sold Near 506 E Oceanfront
$4,500,000
200 E Balboa BoulevardNewport Beach, CA 92661Sold Feb 9, 2026
$2,200,000
612 W Balboa BoulevardNewport Beach, CA 92661Sold May 22, 2026
$2,650,000
820 W Balboa BoulevardNewport Beach, CA 92661Sold Apr 7, 2026
$4,900,000
215 MarineNewport Beach, CA 92662Sold Jun 15, 2026
$3,800,000
222 MarineNewport Beach, CA 92662Sold May 26, 2026
$3,200,000
1532 Miramar DriveNewport Beach, CA 92661Sold Feb 25, 2026
Newport BeachSee every recent sale in Newport BeachJust listed
Newest Newport Beach Homes for Sale
Explore
Explore Newport Beach Real Estate
See every home for sale in Newport Beach, or search the full Orange County MLS on our live homes search. Questions about 506 E Oceanfront? Talk to Realatrends.
- Newport Beach Homes for Sale
- Balboa Peninsula Homes for Sale
- Newport Beach 92661 Homes for Sale
- Newport Beach Multi-Family Properties for Sale
- Newport Beach Ocean View Homes for Sale
- Newport Beach Oceanfront Homes for Sale
- Corona del Mar
- Newport Coast
- Newport Beach Waterfront Homes
- Newport Beach vs Newport Coast
- Beaches in Newport Beach
- Newport Beach Schools
- Newport Beach Selling a Home in Newport Beach
- Newport Beach Buying a Home in Newport Beach
- Newport Beach Open Houses
- Orange County Real Estate
Explore Orange County
Browse Homes by City
Listing alerts
Be first to see new Newport Beach listings
What criteria are you looking for?
New Newport Beach homes by email, often before they reach the big portals.
You are all set.
Listed by David Holstein of The Holstein Group
Listing information updated Dec 4, 2024 at 9:25 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.