506 Oceanfront # 2, Newport Beach

$1,140,000

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5 Beds
3 Baths
2,294 Sqft
.05 Acre
2 Garages

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.

Essential Information

MLS® #
24445141
Price
$1,140,000
Bedrooms
5
Bathrooms
3.00
Full Baths
3
Square Footage
2,294
Acres
0.05
Year Built
2000
Type
Residential
Style
Contemporary
Status
Active

Community Information

Address
506 Oceanfront # 2
Area
NP - Balboa Peninsula
City
Newport Beach
County
Orange
Zip Code
92661

Amenities

Parking Spaces
2
# of Garages
2
View
Panoramic, Coastline, Ocean
Waterfront
Ocean Front
Pool
None

Parking

Direct Access, Door-Multi, Garage

Garages

Direct Access, Door-Multi, Garage

Interior

Interior
Carpet, Tile
Heating
Central, Forced Air
Fireplace
Yes
Fireplaces
Gas, Living Room
# of Stories
3
Stories
Multi/Split

Interior Features

Breakfast Bar, Walk-In Closet(s), Balcony, Ceiling Fan(s), Crown Molding, Furnished, Open Floorplan, Recessed Lighting, Separate/Formal Dining Room, Storage

Appliances

Dishwasher, Disposal, Refrigerator, Barbecue, Dryer, Gas Range, Microwave, Oven, Range, Washer

Exterior

Windows
Bay Window(s), Blinds

Additional Information

Date Listed
September 25th, 2024
Days on Market
267

Listing Details

Agent
Joseph Maehler
Office
Pacaso Inc.
Property History
Price Reduced from $1,170,000 to $1,140,000
Price Reduced from $1,199,000 to $1,170,000

LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of June 19th, 2025 at 5:51pm PDT. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.