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.
Property Details
Price:
$11,875,000
MLS #:
NP25199245
Status:
Active
Beds:
5
Baths:
4
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Balboa Peninsula Point BLPP
Neighborhood:
np
Listed Date:
Nov 23, 2025
Finished Sq Ft:
3,083
Lot Size:
3,720 sqft / 0.09 acres (approx)
Year Built:
1963
See this Listing
Schools
School District:
Newport Mesa Unified
Interior
Appliances
DW, FZ, GD, MW, RF, GS, BIR, EO, HOD, SCO, WHU
Bathrooms
4 Full Bathrooms
Cooling
NO
Flooring
STON, WOOD, CARP
Heating
FA, GAS
Laundry Features
IG, DINC, WINC
Exterior
Architectural Style
CPC
Community Features
SDW, STM, SL, URB, CRB, WATE, BIKI
Parking Spots
3
Security Features
SD, COD
Financial
Map
Community
- Address1516 E Oceanfront Lot 5 Newport Beach CA
- SubdivisionBalboa Peninsula Point (BLPP)
- CityNewport Beach
- CountyOrange
- Zip Code92661
Subdivisions in Newport Beach
- Back Bay Custom Homes BBCS
- Balboa Island – Little Island BALL
- Balboa Island – Main Island BALM
- Balboa Peninsula Point BLPP
- Balboa Peninsula Residential BALP
- Baycrest South BCSO
- Bayridge BRID
- Bayshores BSHR
- Bayside Cove BCOV
- Bayside Village BAYV
- Bayview Terrace BVTR
- Beacon Bay BEAC
- Belcourt Hill BLHL
- Big Canyon Custom BCCS
- Big Canyon Deane BCDN
- Big Canyon McLain BCMC
- Bluffs Original BORI
- Bluffs Plaza Area BOPL
- Bluffs Tennis Villas BNTV
- Cannery Village Mobile Park CVMP
- Castaways CAST
- Central Newport CNEW
- Cherry Lake Estates UBLE
- Cliffhaven CLIF
- Corona Highlands CORH
- Dover Shores DSAM
- Eastbluff – Lusk EBLK
- Eastbluff – Macco EBMO
- Granville GRNV
- Harbor Cove Promenade HCPM
- Harbor Highlands I HH01
- Harbor Hill HARH
- Harbor Island HARI
- Harbor Ridge Custom HRCS
- Harbor View Homes HVHM
- Harbor View Knoll HKNL
- Kings Road KGRD
- Lido Building #601 L601
- Lido Island LIDO
- Lido Peninsula LIPN
- Linda Isle LIND
- Madison BCYM
- Newport Crest NEWC
- Newport Heights NEWH
- Newport Island NEWI
- Newport North Townhomes NNTH
- Newport North Villas NNVL
- Newport Shores NEWS
- Promontory Bay Custom PBCS
- Promontory Bay PBAY
- Providence OFPV
- Santa Ana Heights Residential SAHR
- Sea Island – Lusk SILK
- Summer House OFSH
- Versailles VERS
- Villa Balboa VBAL
- Villa Point VILP
- Villa Siena VSEN
- West Newport Beach WSNB
- Westcliff East WCDE
- Westcliff West WCDW
Market Summary
Current real estate data for Single Family in Newport Beach as of Nov 28, 2025
215
Single Family Listed
54
Avg DOM
1,092
Avg $ / SqFt
$3,310,531
Avg List Price
Property Summary
- Located in the Balboa Peninsula Point (BLPP) subdivision, 1516 E Oceanfront Lot 5 Newport Beach CA is a Single Family for sale in Newport Beach, CA, 92661. It is listed for $11,875,000 and features 5 beds, 4 baths, and has approximately 3,083 square feet of living space, and was originally constructed in 1963. The current price per square foot is $3,852. The average price per square foot for Single Family listings in Newport Beach is $1,092. The average listing price for Single Family in Newport Beach is $3,310,531.
Similar Listings Nearby
1516 E Oceanfront Lot 5
Newport Beach, CA


