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.
Property Details
Price:
$1,140,000
MLS #:
24445141
Status:
Active
Beds:
5
Baths:
3
Type:
Single Family
Neighborhood:
npbalboapeninsula
Listed Date:
Sep 25, 2024
Finished Sq Ft:
2,294
Lot Size:
2,100 sqft / 0.05 acres (approx)
Year Built:
2000
See this Listing
Schools
Interior
Appliances
Barbecue, Dishwasher, Disposal, Microwave, Refrigerator, Gas Range, Oven, Range
Bathrooms
3 Full Bathrooms
Flooring
Carpet, Tile
Heating
Forced Air, Central
Laundry Features
Washer Included, Dryer Included, Inside
Exterior
Architectural Style
Contemporary
Parking Features
Garage – Two Door, Direct Garage Access
Parking Spots
2.00
Financial
Map
Community
- Address506 W Oceanfront 2 Newport Beach CA
- NeighborhoodNP – Balboa Peninsula
- CityNewport Beach
- CountyOrange
- Zip Code92661
Subdivisions in Newport Beach
- Back Bay Anniversary Homes BBAN
- Balboa Coves BLCV
- Balboa Island – Collins Island BALC
- Balboa Island – Little Island BALL
- Balboa Island – Main Island BALM
- Balboa One Ford Road OFBB
- Balboa Peninsula
- Balboa Peninsula Point BLPP
- Balboa Peninsula Residential BALP
- Baycrest ""L"" Series BCL
- Baycrest South BCSO
- Bayridge BRID
- Bayshores BSHR
- Bayside Village BAYV
- Bayview Terrace BVTR
- Beacon Bay BEAC
- Beacon Court BECT
- Belcourt Custom BLCS
- Belcourt Hill BLHL
- Belcourt Terrace BLTR
- Belcourt Towne Collection BLTC
- Big Canyon Broadmoor BCBM
- Big Canyon Custom BCCS
- Big Canyon Deane BCDN
- Big Canyon McLain BCMC
- Big Canyon Villa BCVA
- Bluffs Homes on the Bay BNHB
- Bluffs Original BORI
- Bluffs Park Homes BNPK
- Bluffs Tennis Villas BNTV
- Cannery Village Mobile Park CVMP
- Central Newport CNEW
- Cherry Lake Estates UBLE
- Cliffhaven CLIF
- Dover Shores ""100"" Series DSA1
- Dover Shores DSAM
- Eastbluff – Lusk EBLK
- Eastbluff – Macco EBMO
- Granville GRNV
- Harbor Cove Palisades HCPS
- Harbor Cove Promenade HCPM
- Harbor Highlands I HH01
- Harbor Highlands II HH02
- Harbor Island ""Drive"" HIDC
- Harbor Island HARI
- Harbor Ridge Crest HRCR
- Harbor Ridge Custom HRCS
- Harbor Ridge Estates HRES
- Harbor View Homes HVHM
- Harbor View Knoll HKNL
- Kings Road KGRD
- Lido Building #601 L601
- Lido Building #621 L621
- Lido Island LIDO
- Lido Peninsula LIPN
- Linda Isle LIND
- Madison BCYM
- Marina Apartments MARA
- Newport Bay Towers NBYT
- Newport Beach Townhomes NTHM
- Newport Crest NEWC
- Newport Heights NEWH
- Newport Island NEWI
- Newport North Villas NNVL
- Newport Shores NEWS
- Newport Terrace NEWT
- Santa Ana Country Club Area SACC
- Santa Ana Heights Residential SAHR
- Sea Island – McLain SIML
- Seawind Condos SEAW
- Stonybrook OFSB
- Versailles VERS
- Villa Balboa VBAL
- Villa Granada VGRN
- Villa Siena VSEN
- Vista Del Lido Condos L611
- West Newport Beach WSNB
- West Newport Industrial WNIN
- Westcliff Grove WCGR
- Westcliff West WCDW
- Windward East Homes UBWE
- Wyndover Bay BCYW
Market Summary
Current real estate data for Single Family in Newport Beach as of Oct 19, 2025
161
Single Family Listed
178
Avg DOM
2,120
Avg $ / SqFt
$6,867,410
Avg List Price
Property Summary
- 506 W Oceanfront 2 Newport Beach CA is a Single Family for sale in Newport Beach, CA, 92661. It is listed for $1,140,000 and features 5 beds, 3 baths, and has approximately 2,294 square feet of living space, and was originally constructed in 2000. The current price per square foot is $497. The average price per square foot for Single Family listings in Newport Beach is $2,120. The average listing price for Single Family in Newport Beach is $6,867,410.
Similar Listings Nearby

506 W Oceanfront 2
Newport Beach, CA