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Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
Questions?

506 Oceanfront # 2, Newport Beach – $1,140,000

  • 5 Beds
  • 3 Baths
  • 2,294 Sqft
  • ½ Acres
  • 5 Beds
  • 3 Baths
  • 2,294 Sqft
  • ½ Acres

506 Oceanfront # 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.

Essential Information

  • MLS® #24445141
  • Price$1,140,000
  • Bedrooms5
  • Bathrooms3.00
  • Full Baths3
  • Square Footage2,294
  • Acres0.05
  • Year Built2000
  • TypeResidential
  • StyleContemporary
  • StatusActive

Community Information

  • Address506 Oceanfront # 2
  • AreaNP - Balboa Peninsula
  • CityNewport Beach
  • CountyOrange
  • Zip Code92661

Amenities

  • Parking Spaces2
  • # of Garages2
  • ViewCoastline, Ocean, Panoramic
  • WaterfrontOcean Front
  • PoolNone

Parking

Direct Access, Door-Multi, Garage

Garages

Direct Access, Door-Multi, Garage

Interior

  • InteriorCarpet, Tile
  • HeatingCentral, Forced Air
  • FireplaceYes
  • FireplacesLiving Room, Gas
  • # of Stories3
  • StoriesMulti/Split

Interior Features

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

Appliances

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

Exterior

  • WindowsBlinds, Bay Window(s)

Additional Information

  • Date ListedSeptember 25th, 2024
  • Days on Market319

Listing Details

  • AgentJoseph Maehler
  • OfficePacaso Inc.
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Price Change History for 506 Oceanfront # 2, Newport Beach, (MLS® #24445141)

Date Details Change
Price Reduced from $1,170,000 to $1,140,000 $30,000 (2.56%)
Price Reduced from $1,199,000 to $1,170,000 $29,000 (2.42%)

Joseph Maehler, Pacaso Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of August 10th, 2025 at 12:57pm 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.