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Listed by: Dominic Tucci (949) 632-2269 DRE #01506188 | Pacific Sotheby's Int'l Realty (949) 554-1200
$5,990,000
Monthly Est:$29,814
4 Beds
3 Baths3 full baths
2,310sqft
700 E Oceanfront, Newport Beach, CA 92661
$5,990,000
$29,814/moEst:
Get Pre-Approved
Duplex
Built in 1973
$-- HOA
2,614 sqft lot
$2,593/sq.ft
Description
SIGNIFICANT PRICE IMPROVEMENT!
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.
- Houzeo last checked: 10 minutes ago
- Listing updated: October 3, 2026 at 10:18 pm
- Source: California Regional MLS-CA | MLS#: OC26030071
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1973
HOA Fees
-
Finished Area
2,310 sqft
Lot Size
2,614 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
OC26030071
MLS Status
Active
Days on Market
240
Cumulative Days on Market
236
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 3
Interior
Exterior Features
Barbecue
Sewer
Public Sewer
Interior Features
Wet Bar, Balcony, Living Room Deck Attached, Open Floorplan, Quartz Counters, Primary Suite
Heating
Central, Radiant
Flooring
Carpet, Tile
Appliances
Dishwasher, Electric Range, Electric Water Heater, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
Cooling
Central Air, See Remarks
Window Features
Double Pane Windows
Construction
Year Built
Year Built: 1973
Home type
Duplex
Foundation Details
Slab
Property Condition
Turnkey
Construction Materials
Stucco
Utilities & Energy
Water Source
Public
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Laundry Features
Inside, See Remarks
Fireplace Features
None
Parking Features
Garage, Paved, Garage Faces Rear, Tandem
Pool Features
None
Security Features
Smoke Detectors
Electric
Standard
Other Features
Disclosures
Coastal Commission Restrictions, Coastal Zone
Lot Features
Corner Lot, Near Public Transit, Walkstreet
Subdivision Name
Balboa Peninsula (residential) (balp)
Community Features
Biking, Curbs, Fishing, Gutters, Hiking, Park, Storm Drains, Street Lights, Sidewalks, Water Sports
Price History
| Date | Event | Price |
|---|---|---|
09/29/2026 Source: | Price Decreased | $5,990,000 -3.37% $2,593/sqft |
07/07/2026 Source: | Price Decreased | $6,199,000 -4.48% $2,684/sqft |
03/18/2026 Source: | Price Decreased | $6,490,000 -5.81% $2,810/sqft |
02/09/2026 Source: | Price Increased | $6,890,000 +2.99% $2,983/sqft |
05/02/2025 Source: | Listed for Sale | $6,690,000 $2,896/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 08, 2026, 09:30PM 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. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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