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2044 E Ocean, Newport Beach, California 92661, Newport Beach, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$3,400,000
2044 E Ocean, Newport Beach, California 92661
0Bed
1Bath
630Sqft
2,614Lot
Year Built
1949
Close
-
List price
$3.4M
Original List price
$3.4M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
LG25228798
Home ConditionPoor
Features
Patio
View-

About this home

A great development opportunity. Priced to sell! Build a new custom home in one of the most desirable neighborhoods on the Newport Beach peninsula. While designing your perfect home, enjoy beach living in this charming beach studio. Located on the Peninsula Point on a quiet, tree-lined street just steps from the ocean. The home features a spacious, open area with a large picture window, cozy fireplace, ceiling fan and vaulted ceiling. French doors lead to the private, grassy back yard and covered patio, which is great for relaxation, unwinding and entertaining. The kitchenette offers a refrigerator, microwave and dinette. Never struggle finding parking with a convenient 3-car garage accessed from the backyard. Enjoy beach life every day with strolls on the sand and quaint eateries surrounding the nearby Balboa Pier.

Nearby schools

9/10
Newport Elementary School
Public,•PK-6•2.1mi
7/10
Horace Ensign Intermediate School
Public,•7-8•2.3mi
7/10
Newport Harbor High School
Public,•9-12•2.5mi

Price History

Date
Event
Price
09/30/25
Listing
$3,400,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (24 Listings)
Beds03
Baths14
8%
Square foot6302,548
4%
Lot Size2,6142,625
44%
Price$3.4M$6.5M
28%
Price per square foot$5,397$2,912
96%
Built year19491991
24%
HOA
Days on market36204
8%
Condition Rating
Poor
Built in 1949, this property is explicitly marketed as a 'development opportunity' to 'Build a new custom home,' indicating the current structure's value is primarily in the land. While described as a 'charming beach studio' and currently livable, the presence of only a 'kitchenette' with a refrigerator and microwave suggests a very basic and outdated interior, particularly in the kitchen and bathroom areas. The property requires substantial repairs and rehabilitation to meet modern living standards, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Prime Development Opportunity: Explicitly marketed as a 'great development opportunity' to 'build a new custom home' in a highly desirable area, indicating significant potential for value appreciation through redevelopment.
Exceptional Coastal Location: Situated in one of the 'most desirable neighborhoods on the Newport Beach peninsula,' on 'Peninsula Point' and 'just steps from the ocean,' offering unparalleled beach access and lifestyle.
Generous Parking Capacity: Features a 'convenient 3-car garage accessed from the backyard,' a significant advantage in a dense coastal community where parking is often at a premium.
Desirable Lot Size: The 2614 sqft lot provides ample space for a custom new build, which is a strong asset in the tightly packed Balboa Peninsula Point area.
Immediate Beach Lifestyle: The existing 'charming beach studio' allows for immediate enjoyment of the beach lifestyle while planning a new custom home, offering a functional temporary residence.

Cons

Small Existing Structure: The current property is a very small 'beach studio' with only 630 sqft and a basic 'kitchenette,' requiring a complete rebuild for a modern family home.
High Price Point for Land Value: The $3.4M list price is substantial, primarily reflecting land value and development potential, which may limit the buyer pool to those specifically seeking a custom build project.
Lack of Views: The property has 'None' for views, which can be a drawback in a high-value coastal market where ocean or bay views often command a significant premium.

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