1818 W Oceanfront # 1 & 2, Newport Beach, CA

$5,495,000

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6

Beds

5

Baths

3,405

Square feet

0.08

Acres

Listing Agent
Dean O'dell - Seven Gables Real Estate

1818 W Oceanfront # 1 & 2 Listing Summary

1818 W Oceanfront # 1 & 2, MLS#: PW23170751 is located in the Balboa Peninsula (Residential) (BALP) neighborhood of Newport Beach, CA, Zip Code: 92663. The home is an ample 3,405 sq. ft., with 6 bedrooms and 5 bathrooms, along with 2 garages. The Residential, property was constructed in 1986 and has been on the market for 16 days. The property is currently listed at $5,495,000. Nearby schools include Newport Elementary School, Horace Ensign Middle School and Newport Harbor High School.

About 1818 W Oceanfront # 1 & 2

Introducing 1818 West Oceanfront, where beachfront luxury meets savvy investment. Nestled in the heart of Newport Beach Peninsula, this is more than just a home – it's your chance to own the first two floors of an iconic three-story building. Welcome to a world of possibilities and embrace the beachfront lifestyle on one of the world's finest beaches. Step into a realm of coastal elegance with this remarkable 6 bedroom, 4.5 bathroom property spanning an expansive 3,405 square feet. Perched directly on the sand, every corner of this home offers awe-inspiring views of the coastline, Catalina Island, and the Balboa and Npt Piers. It's a view that dreams are made of, and it's yours to savor every day. Invest with confidence, as this is not only a home but also an income-generating asset. With a coveted short-term rental permit, w/$20k a month in rents avg. and a proven history of successful rental income spanning over 11 years, you're not just purchasing a house; you're securing a savvy investment that pays for itself. Ideal for family gatherings or unforgettable beach getaways, this beachfront haven boasts a thoughtfully designed layout spread across two levels. Upstairs, the upper level beckons with 3 bedrooms, 2.5 bathrooms and expansive living and kitchen spaces where you can gaze out through picture windows that frame sweeping ocean vistas, an endless expanse that stretches as far as the eye can see. Each area seamlessly blends dining, entertaining, and relaxation, ensuring you have all the space you need to create enduring memories. Picture yourself hosting gatherings with the sound of waves providing the perfect backdrop to your beachside celebrations. The lower level is a haven of its own, boasting 3 more bedrooms and 2 bathrooms along with a generous living and game room with an entertainer' bar, providing the utmost in comfort and privacy. Slide open the doors and step onto an enclosed patio where you can relish the vibrant boardwalk scene and the sun-kissed coastal lifestyle. Practicality meets luxury with a tandem 2-car garage and a carport, ensuring ample space for vehicles and storage. This is more than a residence; it's your personal beachside sanctuary. Dive into the tranquil waters of Npt. beach explore the nearby Marina Park and Lido Marina Village, and indulge in the vibrant dining, shopping, and entertainment scene around Balboa and Npt Piers. Your dream home and investment await at 1818 West Oceanfront. Don't merely envision it – live it.

Features of 1818 W Oceanfront # 1 & 2

MLS® # PW23170751
Price $5,495,000
Bedrooms 6
Bathrooms 5.00
Full Baths 1
Half Baths 1
Square Footage 3,405
Acres 0.08
Year Built 1986
Type Residential
Sub-Type Condominium
Status Active

Community Information

Address 1818 W Oceanfront # 1 & 2
Area NP - Balboa Peninsula
Subdivision Balboa Peninsula (Residential) (BALP)
City Newport Beach
County Orange
State CA
Zip Code 92663

Amenities

Parking Spaces 4
Parking Carport, Garage, Tandem
# of Garages 2
Garages Carport, Garage, Tandem
View Catalina, Coastline, Ocean, Panoramic, Pier, Water
Is Waterfront No
Waterfront Beach Access, Ocean Access, Ocean Front
Has Pool No
Pool None

Interior

Interior Features Balcony, Living Room Deck Attached, Recessed Lighting, Bar, Bedroom on Main Level, Main Level Master
Appliances 6 Burner Stove, Refrigerator
Cooling None
Has Basement No
Fireplace Yes
Fireplaces Living Room
# of Stories 2
Stories Two

Exterior

Exterior NES Insulation Package
Lot Description No Landscaping
Construction NES Insulation Package

School Information

District Newport Mesa Unified
Elementary Newport
Middle Horace Ensign
High Newport Harbor

Additional Information

Date Listed August 29th, 2023
Days on Market 16
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentDean O'dell
OfficeSeven Gables Real Estate

Listing Map

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