3D tour
$10,000 Closing Credit¹
#25490485, Joseph Maehler, Listing Office: Pacaso Inc.
#24445141·
Listing Office: Pacaso Inc.·
Listing Agent: Joseph Maehler·
Listing Office Phone: 628-222-3360
$1,140,000 List price
506 W Oceanfront Unit 2 Newport Beach, CA 92661
$10,000
Closing credit¹
5 beds
3 full
2,294 sqft
0.05 acres
$497 / sqft
House
Property details
About 506 W Oceanfront Unit 2
New Co-Ownership Opportunity: New co-ownership opportunity: Own one-eighth of this professionally managed, turnkey home. Just steps from the sand, this Balboa Peninsula home offers spectacular views of the Pacific and Catalina. Enter through the Dutch front door to an open plan living area featuring a fireplace, an inviting dining area and glass doors to the oceanfront patio. The adjoining kitchen has a peninsula with a breakfast bar, granite countertops, a built-in fridge and loads of storage space.The spacious primary suite has a balcony perfect for catching the sun setting over the water, plus a fireplace and an en suite bathroom with dual sinks and a tiled shower. Down the hall are four guest bedrooms, and the home is topped by a bonus room and sun deck. The home comes fully furnished and professionally decorated.
Highlights
Home typeOther
HeatingCentral, Forced Air
StatusActive
Size2,294 sqft
Lot size0.0482 Acres
Year built2000
ParkingDoor-Multi, Direct Access, Garage
MLS #24445141
Attached garage2 spaces
WaterfrontOcean Front
FireplaceGas, Living Room
ViewOther, Ocean, Panoramic
Virtual tour
Summary
- MLS Number: 24445141
- MLS Name: CRMLS
- Office Name: Pacaso Inc.
- Office Phone: (628) 222-3360
- Listing Agent: Joseph Maehler
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 1:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,140,000
506 W Oceanfront Unit 2
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
8
Newport Elementary School
Public District KG-6
0.7 mi
•1327 W Balboa Blvd
7
Newport Heights Elementary School
Public District KG-6
1.8 mi
•300 E 15th St
7
Mariners Elementary School
Public District KG-6
1.9 mi
•2100 Mariners Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $105,357. The majority of Newport Beach, CA residents have income between $100k-200k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
20%
<35k
28%
35k-100k
38%
100k-200k
14%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
64%
Single, No Kids
4%
Single, with Kids
25%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
4%
12-17 yrs old
37%
18-34 yrs old
35%
35-64 yrs old
19%
65+ yrs old
What do the neighbors do for fun?
Art Museums
Live Theatre
Music Concerts
Where do the neighbors shop?
Bloomingdales
H&M
Banana Republic
Where do the neighbors go to eat?
Starbucks
Boston Market
Chipotle
What do the neighbors drive?
Audi
Mercedes
Volkswagen
What do the neighbors listen to?
News
Rhythmic Contemporary Hits- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 506 W Oceanfront Unit 2
This home is located at 506 W Oceanfront Unit 2 in Newport Beach, CA and zip code 92661 in the Central Newport Beach neighborhood. This 2,294 square foot home, which was built in 2000, sits on a 0.05 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $1,140,000.
Over 7 listings were sold over their listed price in January 2025 in Newport Beach, CA. In the same period over 36 listings were sold below the listed price and 9 listings were sold for the listed price. The inventory of homes for sale in Newport Beach, CA between December and January 2025 increased by 22.9%. Listings spent 50 days on the market in January 2025, and had a median list price of $3,500,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.