Tour
#OC25074181, John Jones, Listing office: Redfin
#OC25097465·
Listing office: Pacific Sotheby's Int'l Realty·
Listing agent: Dominic Tucci·
Listing office phone: 949-632-2269
$6,690,000 List price
700 E Oceanfront Newport Beach, CA 92661
0.06 acres
Multi-Family
Property details
About 700 E Oceanfront
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.
Highlights
Home typeDuplex
HeatingCentral, Radiant
StatusActive
CoolingCentral Air, Other
Lot size0.06 Acres
Year built1973
ParkingGarage, Paved, Garage Faces Rear, Tandem
MLS #OC25097465
Garage4 spaces
WaterfrontBeach, Ocean Access
ViewOcean
Summary
- Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
- Flooring Type: Carpet, Tile
- Interior: Wet Bar, Balcony, Living Room Deck Attached, Open Floorplan, Quartz Counters, Primary Suite
- Fireplace: None
- Garage Space: 4 spaces
- Private Pool: No
- Parking: Garage, Paved, Garage Faces Rear, Tandem
- Waterfront: Beach, Ocean Access
- View: Ocean
- Exterior: Barbecue
- Heating: Central, Radiant
- Cooling: Central Air, Other
- List Price: $6,690,000
- HOA Amount: $0
- Annual Tax Amount: $51,590
- Tax Year: 2024
- Lot: Corner Lot, Near Public Transit
- Directions: Turn West on Palm from Balboa Blvd.On Oceanfront at Washington St
- Year Built: 1973
- Stories: 2
- Lot Size: 0.06 Acres
- MLS Number: OC25097465
- MLS Name: CRMLS
- Office Name: Pacific Sotheby's Int'l Realty
- Office Phone: (949) 632-2269
- Listing Agent: Dominic Tucci
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: 7/15/2025, 6:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 17, 2022 | Home Sold | $5,000,000 |
| Jun 01, 2020 | Home Sold | $2,925,000 |
| Mar 24, 2005 | Home Sold | $2,375,000 |
| Aug 11, 2003 | Home Sold | $1,450,000 |
| Nov 19, 2002 | Home Sold | $1,200,000 |
| Feb 08, 1994 | Home Sold | $528,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $4,900,462 | $51,590 |
| 2023 | $5,000,000 | $52,316 |
| 2022 | $3,014,409 | $32,217 |
| 2021 | $2,955,303 | $31,600 |
History based on county public records data.
Nearby schools
8
Newport Elementary School
Public District KG-6
0.6 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. Typical income of Newport Beach, CA residents is between $100k-200k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
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 700 E Oceanfront
The listing price of 700 E Oceanfront property is $6,690,000.
The property 700 E Oceanfront is a multi located in Newport Beach, California, 92661.
Active Listing: 700 E Oceanfront is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 700 E Oceanfront are: Newport Elementary School (GreatSchools Rating 8/10), Newport Heights Elementary School (GreatSchools Rating 7/10), Mariners Elementary School (GreatSchools Rating 7/10), Horace Ensign Intermediate School (GreatSchools Rating 8/10), Vista Verde K-8 School (GreatSchools Rating 9/10), Isaac L. Sowers Middle School (GreatSchools Rating 7/10), Newport Harbor High School (GreatSchools Rating 7/10), Corona Del Mar Middle and High School (GreatSchools Rating 8/10), Early College High School (GreatSchools Rating 10/10).
According to the records, the last property tax for 2024 is $51,590 (source: MLS/based on county public records data).
The last sale was on November 17, 2022 for $5,000,000 (source: MLS/tax record).
The year of construction for 700 E Oceanfront is 1973.
This home is located at 700 E Oceanfront in Newport Beach, CA and zip code 92661 in the Central Newport Beach neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 3, 2025 and is currently priced at $6,690,000.
In June 2025 more than 10 listings in Newport Beach, CA were sold above the asking price. During the same period more than 18 listings were sold at asking price, while more than 60 were sold below. The inventory of homes for sale in Newport Beach, CA between May and June 2025 increased by 3.9%. In June 2025, listings were on the market for 46 days. During the same period, the median list price in this real estate market was $3,662,500.
From Rocket Homes Real Estate and based on county public records data.