700 E Oceanfront
Newport Beach, CA 92661
Listing broker / agent: Pacific Sotheby's Int'l Realty · Dominic Tucci · 949-632-2269 · CRMLS
MLS # OC26025417 · Last checked Oct 19, 2026 08:21 UTC
About this property
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.
Property details
- MLS number
- OC26025417
- Status
- Active
- Type
- Residential Income
- Subtype
- Duplex
- Lot size
- 0.06 acres
- County
- Orange
- Year built
- 1973
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 251
Building
- Year built
- 1973
- Year built source
- Assessor
- Stories
- 2
- Building stories
- 2
- Levels
- Two
- Entry level
- 1
- Construction
- Stucco
- Foundation
- Slab
- Condition
- Turnkey
Rooms & interior
- Rooms
- Family Room, Great Room, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
- Appliances
- Dishwasher, Electric Range, Electric Water Heater, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
- Interior features
- Wet Bar, Balcony, Living Room Deck Attached, Open Floorplan, Quartz Counters, Primary Suite
- Flooring
- Carpet, Tile
- Heating
- Central, Radiant
- Cooling
- Central Air, See Remarks
- Fireplace
- None
- Laundry
- Inside, See Remarks
Exterior & parking
- Total parking spaces
- 4
- Garage spaces
- 4
- Parking
- Garage, Paved, Garage Faces Rear, Tandem
- Pool
- None
- Spa
- None
- Exterior features
- Barbecue
- Lot features
- Corner Lot, Near Public Transit, Walkstreet
- Lot size source
- Assessor
- Fencing
- None
- Property outlook
- Ocean
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Community features
- Biking, Curbs, Fishing, Gutters, Hiking, Park, Storm Drains, Street Lights, Sidewalks, Water Sports
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Newport Elementary (school website, opens in a new tab) Newport-Mesa Unified · Newport Beach | Not reported | 1.1 mi |
| Horace Ensign Intermediate (school website, opens in a new tab) Newport-Mesa Unified · Newport Beach | 7–8 | 1.5 mi |
| Newport Harbor High (school website, opens in a new tab) Newport-Mesa Unified · Newport Beach | 9–12 | 1.7 mi |
| Harbor View Elementary (school website, opens in a new tab) Newport-Mesa Unified · Corona Del Mar | Not reported | 1.8 mi |
| Mariners Elementary (school website, opens in a new tab) Newport-Mesa Unified · Newport Beach | K–6 | 2.1 mi |
| Newport Heights Elementary (school website, opens in a new tab) Newport-Mesa Unified · Newport Beach | K–6 | 2.1 mi |
| International School for Science and Culture (school website, opens in a new tab) Orange County Department of Education · Costa Mesa | K–8 | 2.2 mi |
| Abraham Lincoln Elementary (school website, opens in a new tab) Newport-Mesa Unified · Corona Del Mar | K–6 | 2.4 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $5,990,000
- MLS-reported original asking price
- $6,890,000
- MLS-reported previous asking price
- $6,199,000
- MLS-reported last price change
- 2026-09-29 16:37 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 08:41 | $5,990,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Newport Beach
Active residential homes for sale in Newport Beach, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
24 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-19 09:14 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗