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

home-pic
ACTIVE$7,498,880
402 E Oceanfront, Newport Beach, California 92661
0Bed
0Bath
2,808Sqft
2,614Lot
Year Built
1972
Close
-
List price
$7.5M
Original List price
$7.99M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25107535
Home ConditionExcellent
Features
Excellent View:
Deck
Patio
View-

About this home

Nestled directly on the sand, this stunning duplex at 402 E Oceanfront St in Newport Beach offers an unparalleled coastal lifestyle. With sweeping ocean views and immediate access to the beach, this property is a rare gem in one of Southern California’s most coveted locations. Enjoy the sound of crashing waves and the fresh sea breeze right from your doorstep. The first unit features 3 spacious bedrooms and 2 beautifully updated bathrooms, providing an ideal setting for relaxation and comfort. The second unit offers 4 generously sized bedrooms and 2 baths, making it perfect for larger families or as an additional rental opportunity. Both units boast open-concept living areas, large windows that flood the interiors with natural light, upgraded plumbing throughout, and modern kitchens equipped with high-end appliances, all while offering spectacular views of the Pacific. Just a short stroll away is the iconic Balboa Fun Zone, where you’ll find an array of family-friendly activities, local shops, and vibrant dining options. Whether you’re looking to relax by the waves, take a ride on the Ferris wheel, or indulge in fresh seafood at nearby restaurants, this duplex offers the perfect blend of tranquility and adventure. This property is perfect for anyone seeking a slice of coastal paradise in the heart of Newport Beach. With its prime location, oceanfront access, and proximity to the Balboa Fun Zone, it’s an incredible opportunity for both personal enjoyment and investment.

Nearby schools

9/10
Newport Elementary School
Public,PK-61.0mi
7/10
Horace Ensign Intermediate School
Public,7-81.3mi
7/10
Newport Harbor High School
Public,9-121.6mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (3 Listings)
Beds00
Baths00
Square foot2,8080
25%
Lot Size2,6142,832
50%
Price$7.5M$2.7M
75%
Price per square foot$2,671$746.5
75%
Built year19729760978
100%
HOA
Days on market175191
50%
Condition Rating
Excellent

Despite being built in 1972, the property has undergone extensive, high-quality renovations. The description explicitly states 'beautifully updated bathrooms,' 'upgraded plumbing throughout,' and 'modern kitchens equipped with high-end appliances.' Images confirm contemporary white shaker cabinets, stainless steel appliances, stone countertops, modern light fixtures, and updated bathrooms with stylish tiling and glass enclosures. The flooring is consistent LVP/engineered wood throughout, appearing new and well-maintained. The overall aesthetic is fresh, clean, and meets current quality standards, indicating a very recent and comprehensive renovation that makes the living spaces feel virtually new.
Pros & Cons

Pros

Direct Oceanfront & Beach Access: The property boasts an unparalleled direct beach access and a true oceanfront position, offering an exclusive coastal lifestyle right on the sand.
Sweeping Ocean Views: Features spectacular, sweeping views of the Pacific Ocean from both units, maximizing the desirable coastal experience and enhancing property value.
Income-Generating Duplex: Configured as a duplex, this property provides significant income potential or flexible multi-generational living options in a highly sought-after location.
Prime Balboa Peninsula Location: Situated in one of Southern California's most coveted areas, steps from the iconic Balboa Fun Zone, vibrant dining, and entertainment options.
Updated Interiors: Both units feature modern kitchens with high-end appliances, beautifully updated bathrooms, and upgraded plumbing throughout, reducing immediate renovation needs.

Cons

Age of Property: Built in 1972, while updated, the core structure and some systems may be older, potentially requiring future maintenance or upgrades beyond the noted interior renovations.
Limited Lot Size: The 2,614 sqft lot size is relatively compact for an oceanfront property of this caliber, offering limited outdoor space or potential for significant expansion.
High Price Point: The significant list price of nearly $7.5 million places it in a very exclusive market segment, narrowing the pool of potential buyers despite its premium features.

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