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

home-pic
ACTIVE$10,995,000
218 E Oceanfront, Newport Beach, California 92661
4Beds
4Baths
2,650Sqft
2,400Lot
Year Built
2024
Close
-
List price
$10.99M
Original List price
$13.99M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
LG25047863
Home ConditionExcellent
Features
Excellent View: Catalina, City Lights, Coastline, Neighborhood, Ocean, Panoramic, Pier
Deck
Patio
ViewCatalina,City Lights,Coastline,Neighborhood,Ocean,Panoramic,Pier

About this home

218 Oceanfront: an exceptional and singularly rare residence. Sited on a scarce corner lot, this beachfront home offers the ultimate refined on-the-sand lifestyle. A rigorous to-the-studs reimagining was recently completed, resulting in coveted contemporary lines and breathtaking ocean vistas from both levels. Expert layering of rich, contrasting elements including wood, stone, and glass throughout creates an ambiance of timeless luxury. The main floor invites the exteriors in through a wall of automated glass doors spanning the length of the front, seamlessly connecting an oceanfront patio with the great room. This ample space with a fireplace encompasses a living area, a dining section, and the home’s remarkable kitchen. Anchored by a grand waterfront edge quartzite-topped island, this culinary haven features a combination of Wolf, Cove, and SubZero appliances, bespoke cabinetry, and a large butler’s pantry, adding further functionality to this elegant space. A sleek, floating wood-and-glass staircase connects the two levels, creating a visual statement. The primary suite is all about coastal opulence, with dramatic vaulted ceilings, an ocean-view deck, and a fireplace. With floating double vanities, a freestanding tub, a large shower, and an impressive closet, the exquisite bathroom creates an atmosphere of indulgence. Three secondary bedrooms and a functional loft complete the upper floor. While offering refinement, this residence lacks no conveniences: from an oversized garage with a lift for a third vehicle to a whole-house Savant smart system that controls the home’s automation. Featuring ease of access to the area’s highlights, 218 E Oceanfront offers a premium location on the Balboa Peninsula.

Nearby schools

9/10
Newport Elementary School
Public,PK-60.9mi
7/10
Horace Ensign Intermediate School
Public,7-81.3mi
7/10
Newport Harbor High School
Public,9-121.5mi

Price History

Date
Event
Price
10/24/25
Price Change
$10,995,000-8.3%
08/07/25
Price Change
$11,995,000
03/05/25
Listing
$13,995,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (24 Listings)
Beds43
52%
Baths44
50%
Square foot2,6502,600
52%
Lot Size2,4002,625
24%
Price$10.99M$6.55M
76%
Price per square foot$4,149$2,912
92%
Built year20241999
96%
HOA
Days on market245212
72%
Condition Rating
Excellent

This property, built in 2024 and recently undergoing a 'rigorous to-the-studs reimagining,' is essentially brand new. The kitchen features top-of-the-line Wolf, Cove, and SubZero appliances, bespoke cabinetry, and a grand quartzite island, all in pristine, contemporary condition. Bathrooms boast floating double vanities, a freestanding tub, and large showers with modern finishes. Throughout the home, elements like the floating wood-and-glass staircase, modern light fixtures, dark wood and tile flooring, and a whole-house Savant smart system confirm its superior quality and new construction/renovation status, meeting current luxury standards with no deferred maintenance.
Pros & Cons

Pros

Unrivaled Oceanfront Location: Sited on a scarce corner lot directly on the sand in the prestigious Balboa Peninsula, offering an unparalleled beachfront lifestyle and immediate access to the ocean.
New Construction & Contemporary Design: A rigorous 'to-the-studs' reimagining completed in 2024 ensures modern infrastructure, contemporary lines, and a fresh, luxurious aesthetic throughout the residence.
Expansive Panoramic Views: Offers breathtaking panoramic views of the ocean, coastline, Catalina Island, and city lights from both levels, including a dedicated ocean-view deck in the primary suite.
Luxury Appointments & Smart Home Integration: Features a gourmet kitchen with top-tier Wolf, Cove, and SubZero appliances, bespoke cabinetry, rich material layering, and a comprehensive Savant whole-house automation system.
Seamless Indoor-Outdoor Living: Automated glass doors spanning the great room create a fluid transition to an oceanfront patio, enhancing the coastal living experience and maximizing natural light.

Cons

Substantial Price Adjustments: The property has undergone multiple significant price reductions from its original list price of $13.995M to $10.995M, potentially indicating initial overpricing or market resistance.
Discrepancy with Estimated Value: The current listing price of $10.995M is approximately 4% higher than the property's estimated market value of $10.47M, suggesting a potential premium or a need for further market alignment.
Moderate Interior Square Footage: At 2,650 sqft, the interior living space, while exquisitely designed, may be perceived as modest for a property commanding a multi-million dollar price tag in this ultra-luxury oceanfront category.

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