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$1,140,000

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 3 Full Baths
  • 2,294 Sq. Ft.
  • 2 Car Garage
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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.

Full Property Details for 506 W Oceanfront #2

General

  • Price: $1,140,000
  • Status: Active
  • Type: Single Family
  • Source: CLAW
  • MLS ID: 24-445141
  • Updated: 12/15/2025
  • Added to Site: 478 day(s) ago

Interior

  • Rooms/Areas: Breakfast Area, Entry, Family Room, Walk-In Closet, Dining Area, Bonus Room, Enclosed Glass Porch, Living Room, Primary Bedroom, Patio Open, Powder
  • Interior Features: Built-Ins, Crown Moldings, Detached/No Common Walls, Furnished, Living Room Balcony, Open Floor Plan, Recessed Lighting, Storage Space, Turnkey
  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Eating Areas: Breakfast Counter/Bar, Dining Area
  • Cooking Appliances: Built-In Gas, Free Standing Gas, Gas Grill, Gas/Electric Range, Microwave, Oven, Range
  • Furnishings: Furnished
  • Flooring: Carpet, Tile, Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Family Room: 1
  • Laundry: Inside

Additional Information

  • Pool Description: None
  • Spa Description: None
  • Security/Safety: Other
  • Other Features: None

Exterior

  • Deck/Patio: Balcony, Concrete Slab, Covered, Enclosed Glass Porch, Living Room Balcony, Open Patio, Porch - Fron

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Garage Description: Garage - 2 Car, Attached, Direct Entrance

Location

  • Area: Balboa Peninsula
  • County: Orange
  • Driving Directions: South on Balboa Blvd. and then turn right on Island Ave.
  • Direction Faces: West

Community

  • Pet Restrictions: Pets Permitted

Heating & Cooling

  • Cooling Type: Air Conditioning
  • Heating Type: Forced Air, Central

Utilities

  • Water: District

Structural Information

  • Architectural Style: Contemporary
  • Structure Type: Single Family Residence
  • Common Walls: Detached/No Common Walls
  • Windows: Bay Window, Window Blinds
  • Entry Floor Number: 1
  • Entry Location: Ground Level - no steps
  • Stories/Levels: 3
  • Square Feet: 2,294
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 2000
  • Year Built Source: Other
  • Property Condition: Updated/Remodeled
  • Other Struct. Feat.: Balcony, Barbecue Private

Additional Structures

  • Other Structures: None

Lot Features

  • Property View: Coastline, Ocean, Panoramic, White Water
  • Lot Size (Acres): 0.0482
  • Lot Size: 2100
  • Lot Size Source: Vendor Enhanced
  • Lot Dimensions: 30 x 70
  • Lot Features: Beach Front, Beach Access, Ocean Access
  • Fencing (Description): Other

Water Features

  • Water Front: Yes
  • Water Front Desc.: Ocean

Financial Considerations

  • Price Per Sq. Ft.: $496.95
  • Assessment Year: 2000

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 048-073-10

Listed by Pacaso Inc., Jacob Karp

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Listing agent

— 506 W Oceanfront #2 —

  • Jacob Karp

    Pacaso Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 506 W Oceanfront #2

School District:Newport-Mesa Unified School District
NameGradesDistance
Newport Elementary School
1327 West Balboa Boulevard, Newport Beach, CA 92661
K-60.7 mi
Horace Ensign Intermediate School
2000 Cliff Drive, Newport Beach, CA 92663
7-81.2 mi
Newport Harbor High School
600 Irvine Avenue, Newport Beach, CA 92663
9-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 506 W Oceanfront #2 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/04/2025
Price Reduced
$1,140,000
-2.56%
MLS
12/17/2024
Price Reduced
$1,170,000
-2.42%
MLS
9/25/2024
Listed
$1,199,000
-82.37%
MLS
2/18/2022
Sold
$6,800,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 506 W Oceanfront #2

Year
Property Taxes
Change
Tax Assessment
Change
2025
$76,013
2%
$7,216,214
2%
2024
$74,834
2%
$7,074,720
2%
2023
$73,090
35%
$6,936,000
36%
2022
$54,156
2%
$5,113,983
2%
2021
$53,115
1%
$5,013,709
1%
2020
$52,606
31%
$4,962,300
31%
2019
$40,147
37%
$3,784,431
38%
2018
$29,233
2%
$2,747,967
2%
2017
$28,715
2%
$2,694,086
2%
2016
$28,069
1%
$2,641,261
2%
2015
$27,806
2%
$2,601,587
2%
2014
$27,150
—
$2,550,626
—
2013
$27,015
—
$2,539,099
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 506 W Oceanfront #2

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Pacaso Inc., Jacob Karp

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506 W Oceanfront #2, Newport Beach, CA 92661 (MLS# 24-445141) is a Single Family property with 5 bedrooms and 3 full bathrooms. 506 W Oceanfront #2 is currently listed for $1,140,000 and was received on September 25, 2024. Want to learn more about 506 W Oceanfront #2? Do you have questions about finding other Single Family real estate for sale in Newport Beach? You can browse all Newport Beach real estate or contact a Coldwell Banker agent to request more information.

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