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Status: ACTIVE

1516 E Oceanfront 
Newport Beach, CA 92661

$11,875,000

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Situated on a premier, oversized oceanfront lot, this freshly re-imagined Nantucket-style residence combines timeless East Coast charm with the beauty of Newport Beachs most iconic shoreline. Ideally located within the treasured Peninsula Point neighborhood, the home offers both a premier address and a lifestyle defined by surf, sand, and coastal sophistication. Approached through a flowering garden courtyard, the home balances warmth and privacy with the ease of indoor-outdoor living. Generous oceanfront living, dining, and kitchen spaces form the heart of the home, where windows frame whitewater views and French doors open directly to a wide beachfront patiothe perfect setting to delight in al fresco dining or a sunset glass of wine with friends. With a family friendly layout, the home boasts five bedrooms to include a thoughtful first-floor guest accommodation. Upstairs the oceanfront primary retreat enjoys a private office/sitting room, and an expansive oceanfront terrace with a panorama of sunrise to sunset views over the Pacific. There is also a spacious bonus/media room that offers additional flexibility for gatherings, work, or play. An oversized two-car garage, with additional exterior parking for two cars provides a rare convenience on the Peninsula. Life on Peninsula Point is both relaxed and vibrant: mornings at The Wedge, bike rides along the boardwalk, afternoons at the community bay beach or private tennis club, and evenings watching the sun sink into the Pacific from your own patio. With its rare oversized lot, turnkey remodel, and enduring Nantucket character, this home is a move-in ready oceanfront offering in one of Newport Beachs most exclusive seaside communities.
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Bedrooms
5
Baths
4
House Size
3,083 sqft
Year Built
1963
Lot Size
0.09 ac

Location

Market Insights

In the last 30 days, homes for sale in 92661, Newport Beach, CA were on the market for a median of 54 days and 0% of homes sold above list price.

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Interior Information

appliances
Dishwasher
Disposal
Dryer
Microwave
Refrigerator
Washer
Electric Oven
Freezer
Self Cleaning Oven
Gas Cooktop
fireplace
Library
Gas Starter
Living Room
flooring
Carpet
heating
Forced Air
Natural Gas
view
Ocean
Panoramic
Water
Neighborhood
City Lights

Exterior Information

patio and porch
Deck
Patio

Property Information

architectural style
Cape Cod
community
Curbs
Sidewalks
parking
Garage
Garage Door Opener
security features
Carbon Monoxide Detector(s)
sewer
Public Sewer
subdivision name
Balboa Peninsula Point (blpp)
utilities
Electricity Available
Natural Gas Available
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
water source
Public
  • Listed By Tara Foster Shapiro
  • tshapiro@homgroup.com
  • (949) 644-1600
  • Coldwell Banker Realty
  • (949) 644-1600
  • MLS NP25199245

Monthly Payments Calculator

Estimated Monthly Cost

$72,763

30 year fixed·6.9% interest rate
Principal & Interest
$62,567
Property Taxes
$9,896
Home Insurance
$300
HOA Fees
$0
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*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
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