DEVELOPMENT OPPORTUNITY. This is an oversized lot with dimensions 36.5x103'. The beach in front of this house is clear of dunes and plants, making for wide open ocean views on all floors. This lot would allow a ~4,500sqft house with a 3-car garage, the owner is currently in the process of developing the property. The existing home would be livable with cosmetic remodel, but the process for development is being continued by the owner.
Sold for $7,400,000 on 05/19/25
Listing Provided by:
Jeff Cefalia DRE #02081879 949-697-1955,
Cefalia Real Estate
Bought with: NONMEMBER MRML
$7,400,000
1232 W Oceanfront, Newport Beach, CA 92661
2beds
1,819sqft
Single Family Residence
Built in 1940
3,735 Square Feet Lot
$7,523,200 Zestimate®
$4,068/sqft
$8,155 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 22, 2025 at 02:57pm
Listing Provided by:
Jeff Cefalia DRE #02081879 949-697-1955,
Cefalia Real Estate
Bought with:
General NONMEMBER, DRE #NONMEMBER
NONMEMBER MRML
Source: CRMLS,MLS#: OC25011400
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Cooling
- None
Appliances
- Laundry: None
Features
- Bedroom on Main Level
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,819 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Oceanfront
- Pool features: None
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 3,735 sqft
- Features: 0-1 Unit/Acre, Front Yard
Details
- Parcel number: 04724121
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Biking, Curbs, Fishing, Park, Storm Drain(s), Street Lights, Suburban, Water Sports
Location
- Region: Newport Beach
- Subdivision: Balboa Peninsula (Residential) (Balp)
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional,Contract,1031 Exchange,FHA,Fannie Mae,Freddie Mac
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Estimated market value
$7,523,200