1516 West Oceanfront, Unit A

1516 West Oceanfront, Unit A

1516 W Oceanfront
Newport Beach, CA 92663

$3,425,000
Last Sold Price
3
Beds
2
Baths
1,820 Sq. Ft.
$1,882 / Sq. Ft.
1,820
Sq. Ft.
$1,882
per Sq. Ft.

Closed 11/1/21

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Closed 11/1/21

Virtual Tour

Description

Back on market after buyer failed to perform. Step up to the oceanfront lifestyle! Superbly positioned between the Balboa and Newport piers and just a short stroll from bustling Marina Park and myriad water activities, this freshly remodeled three bedroom, two bath, separately deeded condo affords a unique turn-key opportunity to live waterfront in Newport Beach. Enjoy easy, breezy single-level living with direct elevator access, and an open lay out that revels in whitewater views and sunsets behind...Back on market after buyer failed to perform. Step up to the oceanfront lifestyle! Superbly positioned between the Balboa and Newport piers and just a short stroll from bustling Marina Park and myriad water activities, this freshly remodeled three bedroom, two bath, separately deeded condo affords a unique turn-key opportunity to live waterfront in Newport Beach. Enjoy easy, breezy single-level living with direct elevator access, and an open lay out that revels in whitewater views and sunsets behind Catalina. Floor-to-ceiling glass opens to a seaside terrace perfect for soaking up the sun and enjoying the activity of the beach front below. Open format living, dining and kitchen areas play to relaxed days spent at the beach with family and friends. A newly remodeled kitchen boasts abundant storage and prep space, top-line appliances, and separate butler's pantry with wine refrigeration to make entertaining a breeze. An adjacent patio is perfect for cozy outdoor dining and BBQ fun. With three generously proportioned guest rooms, the master suite is highlighted by a thoughtfully appointed spa bath with dual vanities, shower and soaking tub. A separate laundry room also allows for additional storage. Truly a one-of-a-kind opportunity on the oceanfront promenade, this condo is one of only two units in the three-story building. Each owner enjoys 3 car garage parking, a large storage area, beach bath, and access to a common beach front patio. Grab your beach bag and head to the sand...this coastal condo checks all of the boxes!
  1. Listed by Tara Foster Shapiro • DRE #01892201 • Brokerage DRE #01767484 • Pacific Sotheby's Int'l Realty

Property Details for 1516 West Oceanfront, Unit A

View
Catalina, City Lights, Coastline, Neighborhood, Ocean, Panoramic, Pier, See Remarks, Water, White Water
Parking Spaces Total
3
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Attached
Lot Size Source
Public Records
Lot Size Dimensions
30x103

Location

Listing Courtesy of Pacific Sotheby's Int'l Realty, Tara Foster Shapiro, DRE #01892201

Sold By Douglas Elliman of California, Tyler Jones, DRE #02025646

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LISTING UPDATED: 11/01/2021 05:11 AM

Property Details for 1516 West Oceanfront, Unit A

StatusClosed
MLS #NP21155785
Days on Market63
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Condominium
Year Built1990
CountyOrange County

Building

1516 W Oceanfront

3 StoriesBuilt in 1990

Location

Listing Courtesy of Pacific Sotheby's Int'l Realty, Tara Foster Shapiro, DRE #01892201

Sold By Douglas Elliman of California, Tyler Jones, DRE #02025646

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Building Information for 1516 West Oceanfront, Unit A

Building/Complex1516 W OceanfrontFloor-Stories3Residences-Pet Policy-Year Built1990Building Size-

Payment Calculator

$21,775 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,692

Property Taxes

$3,083

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1516 West Oceanfront, Unit A

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Financing: Conventional
Expense Details
  • Operating Expense: $0
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 628
  • Tax Census Tract: 628.00
  • Tax Lot: 1
Community / Development
Community / Development
  • Accessibility Features: See Remarks
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Biking, Fishing, Park, Watersports, Sidewalks, Storm Drains, Street Lights, Urban
  • Number Of Units In Community: 2
Property / Structure Info
Interior Features
  • Appliances: Self Cleaning Oven, Dishwasher, Free-Standing Range, Freezer, Disposal, Gas Range, Microwave, Refrigerator, Water Heater
  • Equipment: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Freezer, Self Cleaning Oven, Gas Range
  • Interior Features: Balcony, Elevator, Granite Counters, Living Room Balcony, Open Floorplan, Pantry, Storage
  • Room Type: Kitchen, Laundry, Master Bathroom, Master Bedroom, See Remarks, Walk-In Closet, Walk-In Pantry
  • Rooms: Lanai
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Room Bathroom Features: Double Sinks In Master Bath, Remodeled, Separate tub and shower, Soaking Tub, Upgraded
  • Bedroom Features: Master Bedroom, WalkInCloset
  • Room Kitchen Features: Butler's Pantry, Granite Counters, Kitchen Island, Remodeled Kitchen, Self-closing cabinet doors, Self-closing drawers, Walk-In Pantry
  • Eating Area: See Remarks
  • Laundry: Yes
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Laundry Location: Laundry Room, Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: None
  • Heating Type: Forced Air, Natural Gas
  • Heat Source: Natural Gas
  • Heating: Forced Air, Natural Gas
  • Heat Equipment: Forced Air Unit
  • Floor Coverings: Carpet, Wood
  • Flooring: Carpet, Wood
  • Virtual Tour URL Branded: https://my.matterport.com/show/?m=QaNfxFBqZWW&brand=0
  • Virtual Tour URL Unbranded: https://my.matterport.com/show/?m=QaNfxFBqZWW&brand=0
Exterior Features
  • Exterior Features: Lighting
  • Structure Type: Duplex
  • Other Structures: Storage
  • Property Condition: Turnkey, Updated/Remodeled
  • Miscellaneous: Elevators/Stairclimber, Storm Drains, Urban
  • View Description: Catalina, City Lights, Coastline, Ocean, Panoramic, Pier, Water, White Water
  • Waterfront Features: Beach Access, Beach Front, Navigable Water, Ocean Front
  • Patio: Yes
  • Patio: Lanai, Terrace
  • Patio And Porch Features: Lanai, Terrace
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Sign on Property: No
  • Lease Considered: No
  • Number Of Units: 1
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking: Yes
  • Parking Garage: Direct Entrance, Door Opener, Garage, Oversized
  • Parking Non-Garage: Oversized
  • Parking Garage Spaces: 3
  • Parking Garage: Tandem, Direct Garage Access, Garage, Garage Door Opener
  • Carport Spaces: 0
  • Attached Garage: Yes
  • Parking Features: Direct Garage Access, Garage, Garage Faces Rear, Garage Door Opener, Oversized, Tandem Garage
Property / Structure Info
  • Builders Tract Name: Balboa Peninsula (BALP)
  • Builders Tract Code: Balboa Peninsula (Residential) (BALP)
  • Residential Styles: All Other Attached
  • Residential Unit Location: 1 common wall
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 1516 West Oceanfront, Unit A

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1516 West Oceanfront, Unit A

Taxable ValueLand$3,197,678Additions$295,822Total$3,493,500
Tax Record2023$36,998 ($3,083 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,795 SqFtAbove Grade Finished SqFt1,795 SqFtStyleCondominiumYear Built1990CountyORANGEAPN939-800-11

Schools near 1516 West Oceanfront, Unit A

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Newport Elementary School
Public - K to 6
Horace Ensign Intermediate School
Public - 7 to 8
Newport Harbor High School
Public - 9 to 12
Monte Vista High School
Public - K to 12
Rating
School
Distance
Newport Elementary School
PublicK to 6

Horace Ensign Intermediate School
Public7 to 8

Newport Harbor High School
Public9 to 12

Monte Vista High School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Pacific Sotheby's Int'l Realty, Tara Foster Shapiro, DRE #01892201

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.