Millman Team Real Estate

$11,875,000
5 Bed
4 Bath
3,083 Sqft
0.09 Acre Lot

1516 E Oceanfront, Newport Beach, California 92661

  • Residential Property Type
  • 3,083 Sqft Square Footage
  • Garage Cars Garage
  • 1963 Year Built
Property Description

Situated on a premier, oversized oceanfront lot, this freshly re-imagined Nantucket-style residence combines timeless East Coast charm with the beauty of Newport Beach’s most iconic shoreline. Ideally located within the treasured Peninsula Point neighborhood, the home offers both a premier address and a lifestyle defined by surf, sand, and coastal sophistication. Approached through a flowering garden courtyard, the home balances warmth and privacy with the ease of indoor-outdoor living. Generous oceanfront living, dining, and kitchen spaces form the heart of the home, where windows frame whitewater views and French doors open directly to a wide beachfront patio—the perfect setting to delight in al fresco dining or a sunset glass of wine with friends. With a family friendly layout, the home boasts five bedrooms to include a thoughtful first-floor guest accommodation. Upstairs the oceanfront primary retreat enjoys a private office/sitting room, and an expansive oceanfront terrace with a panorama of sunrise to sunset views over the Pacific. There is also a spacious bonus/media room that offers additional flexibility for gatherings, work, or play. An oversized two-car garage, with additional exterior parking for two cars provides a rare convenience on the Peninsula. Life on Peninsula Point is both relaxed and vibrant: mornings at The Wedge, bike rides along the boardwalk, afternoons at the community bay beach or private tennis club, and evenings watching the sun sink into the Pacific from your own patio. With its rare oversized lot, turnkey remodel, and enduring Nantucket character, this home is a move-in ready oceanfront offering in one of Newport Beach’s most exclusive seaside communities.

Basic Details
Residential
For Sale
NP25199245
$11,875,000
Catalina,City Lights,Coastline,Neighborhood,Ocean,Panoramic,Water
5
4
3,083 Sqft
1963
0.09 Acre
Active
4
Single Family Residence
Features
: None
: Forced Air, Natural Gas
: None
: Living Room, Gas Starter, Library
: Open, Deck, Patio, Brick
: Garage, Door-Single, Garage Door Opener, Direct Access, Private, Storage, Other
: Cape Cod
: Carpet, Wood, Stone
: Bedroom on Main Level, Primary Suite, Walk-In Closet(s), Breakfast Bar, Separate/Formal Dining Room, Granite Counters, Recessed Lighting, Balcony, Built-in Features, Beamed Ceilings, Quartz Counters, Crown Molding
: In Garage
: Public Sewer
: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
: Ocean Front, Beach Access, Beach Front, Ocean Side Of Highway, Navigable Water
$0
Appliances
: Dishwasher, Gas Cooktop, Microwave, Dryer, Washer, Disposal, Refrigerator, Water Heater, Electric Oven, Range Hood, Freezer, Built-In Range, Self Cleaning Oven
Address Map
CA
Orange
Newport Beach
Balboa Peninsula Point (BLPP)
92661
Oceanfront
1516
W118° 2' 50.1''
N33° 37' 39.7''
South
G Street to East Oceanfront...Left to 1516
NP - Balboa Peninsula
E
Neighborhood
Newport Mesa Unified
Additional Information
$0
$0
$0
$0
$0
1
: Sidewalks, Street Lights, Curbs, Biking, Urban, Storm Drain(s), Water Sports
1
2.0
: Two
: Sprinkler System, Garden, Landscaped
1
2025-09-04
2
2
https://vimeo.com/1115978840
: Public
Broker/Agent Information
Coldwell Banker Realty
Tara Foster Shapiro
Listing Information
U41001
U6312
Cash,Cash to New Loan,Conventional
Active
2025-11-09T23:19:27Z
CRMLS
: Standard
2025-09-04T13:34:45Z
Agent info
Ray Millman
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent
Contact Us