700 E Oceanfront, Newport Beach, CA 92661
Local realty services provided by:CENTURY 21 Cornerstone
Listed by: dominic tucci
Office: pacific sotheby's int'l realty949-554-1200
MLS#:OC26025417
Source:CRMLS
Price summary
- Price:$6,199,000
- Price per sq. ft.:$2,683.55
About this home
RARE - TWO Short Term Lodging Permits ON THE BOARDWALK! Fabulous remodeled oceanfront getaway, turnkey vacation rental business or BOTH? The choice is yours at 700 E Oceanfront The property presents a fantastic opportunity to own an updated duplex in the heart of the Balboa Peninsula. LOCATION LOCATION LOCATION, this property is near all of the attractions that you and/or your vacation rental guests desire. Steps away from the sand and ocean, the property is located on the boardwalk and walking distance to Balboa Fun Zone, with activities for all and ferry service to Balboa Island as well as Catalina. The corner location affords unparalleled sunlight and those cooling ocean breezes. The lower 1 bed/1 bath unit is newly remodeled and has its own indoor laundry. A large, open living area flows seamlessly into an upgraded kitchen with quartz composite countertops and a breakfast bar. An oversize deck is perfect for enjoying the beach lifestyle and large gatherings. The upstairs unit is well-designed and newly remodeled throughout, including kitchen (w/ island and wine fridge) and entertaining space, as well as 3 generous bedrooms (the Primary has its own kitchenette) and 2 bathrooms. The living/great room features breathtaking views of the ocean and Balboa Pier. The duplex has been professionally managed and meticulously maintained. Notable features include: Air conditioning (new in 2023), new roof, double-paned windows and functional and cosmetic updates throughout. A rare oversize garage can accommodate up to four cars. This oceanfront duplex offers a proven track record and excellent reviews from former guests. Incredible income potential with 2 Short Term Lodging permits in place. Act quickly! With only 1550 Short Term Lodging Permits available in the entire city, having a property with TWO on Oceanfront is truly a rare opportunity....
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Home facts
- Year built:1973
- Subdivision & Development:Balboa Peninsula (Residential) (BALP)
- Listing ID #:OC26025417
- Added:216 day(s) ago
- Updated:September 14, 2026 at 11:13 AM
Rooms and interior
- Flooring:Carpet, Tile
- Kitchen Description:Dishwasher, Disposal, Electric Range, Electric Water Heater, Gas Range, Microwave, Refrigerator
- Living area:2,310 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Radiant
- Central air:Yes
Structure and exterior
- Year built:1973
- Building area:2,310 sq. ft.
- Lot area:0.06 Acres
- Lot Features:Corner Lot, Near Public Transit, Walkstreet
- Construction Materials:Stucco
- Exterior Features:Barbecue
- Foundation Description:Slab
- Levels:2 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$6,199,000
- Price per sq. ft.:$2,683.55
Features and amenities
- Appliances:Dishwasher, Disposal, Electric Range, Electric Water Heater
- Laundry features:Inside
- Amenities:Balcony, Electric Water heater, Gas Water Heater, Living Room Deck Attached, Open Floor Plan, Quartz Counters, Wet Bar
Parking
- Total parking spaces:4
- Parking description:Garage, Garage Faces Rear, Paved, Tandem
- Garage:Yes
- Garage spaces:4
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