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Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
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506 W Oceanfront # 2, Newport Beach – $899,000

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

506 W Oceanfront # 2

New Co-Ownership Opportunity: New co-ownership opportunity: Own one-eighth of this professionally managed, turnkey home. Balboa Sands sits directly on West Oceanfront, where the Balboa Peninsula boardwalk runs along the front of the property and the Pacific stretches out beyond. The three-story white exterior with glass-railed balconies at every level is immediately recognizable on this stretch of coast.The main floor opens through a white Dutch door to the boardwalk and beach beyond, with an open plan living area centered on a stone fireplace and floor-to-ceiling windows framing the ocean. The kitchen has white cabinetry, tan granite countertops, stainless appliances and a breakfast bar with woven seating. Glass doors lead directly to the oceanfront patio, where the sand is just steps away. The primary bedroom has sliding doors to a private balcony with unobstructed Pacific and Catalina views, and an en suite bath with dual sinks and a tiled shower.The rooftop sun deck is Balboa Sands' highest point, with panoramic views of the Pacific, Catalina Island and the Newport Harbor coastline stretching in every direction. A bonus room just below gives the top floor a flexible, unhurried quality suited to longer stays. The Balboa Peninsula's bike path, the Balboa Pier and the shops and restaurants along Balboa Boulevard are all within easy reach.Balboa Sands is professionally designed, appointed and managed by Pacaso. Owners arrive to find everything ready, with nothing left to arrange before the stay begins.

Essential Information

  • MLS® #24445141
  • Price$899,000
  • Bedrooms5
  • Bathrooms3.00
  • Full Baths3
  • Square Footage2,294
  • Acres0.05
  • Year Built2000
  • TypeResidential
  • StyleContemporary
  • StatusActive

Community Information

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

Amenities

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

Parking

Direct Access, Door-Multi, Garage

Garages

Direct Access, Door-Multi, Garage

Interior

  • InteriorCarpet, Tile
  • HeatingCentral, Forced Air
  • FireplaceYes
  • FireplacesGas, Living Room
  • # of Stories3
  • StoriesMulti/Split

Interior Features

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

Appliances

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

Exterior

  • WindowsBay Window(s), Blinds

Additional Information

  • Date ListedSeptember 25th, 2024
  • Days on Market698

Listing Details

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

Date Details Change
Price Reduced from $975,000 to $899,000 $76,000 (7.79%)
Status Changed from Pending to Active
Status Changed from Active to Pending
Price Reduced from $1,140,000 to $975,000 $165,000 (14.47%)
Price Reduced from $1,170,000 to $1,140,000 $30,000 (2.56%)
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Maxx Rifkin, Pacaso Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of September 11th, 2026 at 11:51pm 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.