700 E Oceanfront , Newport Beach, CA 92661
$5,990,000
Est. Payment: $32,875.36/mo
4 Bed
3 Bath
0.06 Acres
Status: ACTIVE | Days on site: 239
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House Description

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 o

Highlights

Listed by Dominic Tucci , 949-632-2269 Pacific Sotheby's Int'l Realty , 949-554-1200. San Diego County Multiple Listing Service mls logo

Property Type

Multi-Family

Lot/Acreage
0.06

County

Orange

Neighborhood

Balboa Peninsula (Residential) (

Listing ID

OC26025417

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:3
Air Cond:Central Forced Air,Other/Remarks
Fireplaces:

Exterior Features

Zoning:Assessor

Open House

Upcoming Open Houses
Saturday 12:00 pm - 3:00 pm Oct 3
Principal Interest
$32,875
Taxes
$3,819

Home Price

$5,990,000

Loan Details

30 yrs
7.307%

Down Payment

20%
$1,198,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$32,875.36

Principal

Taxes

Principal Taxes HOA Total
Monthly $32,875.36 $3,818.63 $0.00 $36,693.98
Yearly $394,504.30 $45,823.50 $0.00 $440,327.80
Total $11,835,128.86 $1,374,705.00 $0.00 $13,209,833.86

Today's Rates

30 Year

7.31%

20 Year

7.2%

15 Year

6.65%

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The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-10-03T19:51:54.000Z

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