1516 E Oceanfront, Newport Beach, California 92661, Newport Beach, - bed, bath

home-pic
ACTIVE$11,875,000
1516 E Oceanfront, Newport Beach, California 92661
5Beds
4Baths
3,083Sqft
3,720Lot
Year Built
1963
Close
-
List price
$11.88M
Original List price
$11.88M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25199245
Home ConditionExcellent
Features
Excellent View: Catalina, City Lights, Coastline, Neighborhood, Ocean, Panoramic, Water
Deck
Patio
ViewCatalina,City Lights,Coastline,Neighborhood,Ocean,Panoramic,Water

About this home

Situated on a premier, oversized oceanfront lot, this freshly re-imagined Nantucket-style residence combines timeless East Coast charm with the beauty of Newport Beach’s 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 patio—the 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 Beach’s most exclusive seaside communities.

Nearby schools

9/10
Newport Elementary School
Public,PK-61.7mi
7/10
Horace Ensign Intermediate School
Public,7-82.0mi
7/10
Newport Harbor High School
Public,9-122.2mi

Price History

Date
Event
Price
09/04/25
Listing
$11,875,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (24 Listings)
Beds53
96%
Baths44
50%
Square foot3,0832,600
64%
Lot Size3,7202,660
72%
Price$11.88M$6.55M
80%
Price per square foot$3,852$2,912
76%
Built year19631991
28%
HOA
Days on market62204
16%
Condition Rating
Excellent

Despite being built in 1963, the property has undergone a 'freshly re-imagined' and 'turnkey remodel' as stated in the description, which is strongly supported by the images. The kitchen features high-end integrated stainless steel appliances, modern white shaker cabinets with black hardware, white quartz countertops, and new hexagonal tile flooring. The bathrooms are equally updated with contemporary glass-enclosed showers, modern tiling (subway and herringbone patterns), and updated fixtures. Throughout the home, new hardwood floors, fresh paint, and updated lighting fixtures indicate that all components are virtually new, meet current quality standards, and show no signs of deferred maintenance.
Pros & Cons

Pros

Premier Oceanfront Location: Situated on a rare, oversized oceanfront lot in the highly coveted Peninsula Point neighborhood, offering direct beach access and an unparalleled coastal lifestyle.
Panoramic Ocean Views: Boasts stunning whitewater and panoramic sunrise to sunset views of the Pacific Ocean from multiple vantage points, including the primary suite's expansive terrace.
Turnkey & Re-imagined Design: A freshly re-imagined Nantucket-style residence with a turnkey remodel, blending timeless East Coast charm with modern sophistication, making it move-in ready.
Exceptional Parking Capacity: Features a rare oversized two-car garage plus additional exterior parking for two vehicles, a significant convenience in this dense coastal community.
Versatile & Family-Friendly Layout: Offers a generous and flexible floor plan with five bedrooms, including a first-floor guest suite, a private primary office/sitting room, and a spacious bonus/media room.

Cons

Exorbitant Price Point: The listing price of nearly $11.9 million places it in an extremely exclusive market segment, significantly limiting the pool of prospective buyers.
Original Construction Age: Built in 1963, the property's original structure is over 60 years old, which, despite a recent remodel, may raise concerns about long-term maintenance or unseen structural elements for some buyers.
Potential for Public Activity/Noise: Its direct oceanfront location, particularly near popular areas like 'The Wedge' and the boardwalk, could lead to increased public activity and noise, potentially impacting privacy.

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