1 month on rocket

506 W Oceanfront Unit 2, Newport Beach, CA, 92661

$1,199,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Full Baths
2,294 SqFt
$523/SqFt
House

Location

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506 W Oceanfront Unit 2, Newport Beach$1,199,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingDoor-Multi, Direct Access, Garage
Attached Garage2 spaces
Year Built2000
HeatingCentral, Forced Air
WaterfrontOcean Front
FireplaceGas, Living Room, Primary Bedroom
ViewOther, Ocean, Panoramic
MLS #24445141
Lot Size0.05 Acres
StatusActive

About 506 W Oceanfront Unit 2

New Co-Ownership Opportunity: New co-ownership opportunity: Own one-eighth of this professionally managed, turnkey home. Just steps from the sand, this Balboa Peninsula home offers spectacular views of the Pacific and Catalina. Enter through the Dutch front door to an open plan living area featuring a fireplace, an inviting dining area and glass doors to the oceanfront patio. The adjoining kitchen has a peninsula with a breakfast bar, granite countertops, a built-in fridge and loads of storage space.The spacious primary suite has a balcony perfect for catching the sun setting over the water, plus a fireplace and an en suite bathroom with dual sinks and a tiled shower. Down the hall are four guest bedrooms, and the home is topped by a bonus room and sun deck. The home comes fully furnished and professionally decorated.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2000
  • Stories: 3
  • Living Area: 2,294 SqFt

Listing Office:

  • Office Name: Pacaso Inc.
  • Office Phone: (628) 222-3360
  • Listing Agent: Joseph Maehler

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Oven, Range, Refrigerator, Dryer, Washer
  • Flooring Type: Carpet, Tile
  • Interior: Breakfast Bar, Balcony, Ceiling Fan(s), Crown Molding, Separate/Formal Dining Room, Furnished, Open Floorplan, Recessed Lighting, Storage, Walk-In Closet(s)
  • Fireplace: Gas, Living Room, Primary Bedroom

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Ocean Front
  • View: Other, Ocean, Panoramic

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Door-Multi, Direct Access, Garage

Virtual/3D Tour

  • 3D Tour: 506 W Oceanfront Unit 2
3D Tour

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air

Other

Directions Information:

  • Directions: South on Balboa Blvd. and then turn right on Island Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,199,000
  • Price Per SqFt: $523/SqFt
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Housing Market Comparison

See how this home compares to others in Newport Beach, CA.

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Newport Beach, CA

City

Med. Sold Price

$3.4M

Med. Price/SqFt

$1,427

Avg. Days On Market

50

# of Sold Homes

68

506 W Oceanfront Unit 2 vs Newport Beach

52 DAYS ON ROCKET

+2 Days

$1,199,000

-$2.2M Less

$523/SqFt

-$904 Less

KEY TAKEAWAY

This property is $2.2M less than the Median Sold Price and $904/SqFt less than other homes in Newport Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24445141

Listing Office:

  • Office Name: Pacaso Inc.
  • Office Phone: (628) 222-3360
  • Listing Agent: Joseph Maehler

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 10:21:08 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$6,052

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,661

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-439487
8
/10

  • Newport Elementary School

  • 1327 W Balboa Blvd

  • 0.71 miles

  • Public District Grades KG-6

school-card-donut-439488
7
/10

  • Newport Heights Elementary School

  • 300 E 15th St

  • 1.84 miles

  • Public District Grades KG-6

school-card-donut-439489
7
/10

  • Mariners Elementary School

  • 2100 Mariners Dr

  • 1.94 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $105,357. Residents of Newport Beach, CA typically earn between $100k-200k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 506 W Oceanfront Unit 2

What is the listing price of this property?

The listing price of 506 W Oceanfront Unit 2 property is $1,199,000.

What type of property is this?

The property 506 W Oceanfront Unit 2 is a house located in Newport Beach, California, 92661.

Is this property for sale now?

Active Listing: 506 W Oceanfront Unit 2 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 506 W Oceanfront Unit 2 has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 506 W Oceanfront Unit 2 is 2,294 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 506 W Oceanfront Unit 2 is 2000.

Rocket Homes›California›Orange County›Newport Beach›92661›506 W Oceanfront Unit 2

This home is located at 506 W Oceanfront Unit 2 in Newport Beach, CA and zip code 92661 in the Central Newport Beach neighborhood. This 2,294 square foot home, which was built in 2000, sits on a 0.05 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $1,199,000.

Over 6 listings were sold over their listed price in October 2024 in Newport Beach, CA. In the same period over 52 listings were sold below the listed price and 10 listings were sold for the listed price. Between September 2024 and October 2024, Newport Beach, CA real estate market has seen increase in the number of listings by 2.6%. The median list price of listings available in October 2024 was $3,475,000, while the average time on the real estate market was 50 days.

From Rocket Homes Real Estate and based on county public records data.

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