Rare double-lot opportunity on the Newport Beach Peninsula offering 4,084 square feet of living space with incredible potential for remodel or rebuild. This Spanish Colonial style residence with a partially raised foundation showcases a large enclosed front courtyard with patio, built-in BBQ, fireplace, fountain, and landscape lighting. Inside, the home features wooden ceilings, crown molding, and a blend of wood and tile flooring throughout. The spacious primary suite includes two walk-in closets, vaulted wooden ceilings, an oversized bathroom, fireplace, an attached office, and a private balcony overlooking the courtyard, along with a slight peek-a-boo ocean view. A full bathroom with shower is conveniently located downstairs for coming off the beach, and an outdoor shower adds to the coastal lifestyle. The kitchen is designed with a built-in refrigerator, large island, oversized gas range, and walk-in pantry. Additional highlights include leased solar, multiple fireplaces, and generous lot size allowing for expanded outdoor living and design flexibility. Situated in the heart of the Peninsula, this property is just steps from the sand, surf, and Newport’s vibrant coastal amenities. Welcome Home Indeed.
Listed by Carly Zamani
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License #02030224
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Carly Zamani, Broker
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949-232-8211
Last updated December 03, 2025
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Source: CRMLS #PW25264664
Listing Facts
TypeSingle-family
NeighborhoodBalboa Peninsula Point
Bedrooms5
Bathrooms4
Days on Prevu16
Size4,084 sqft
Price per sqft$1,787
Amenities
Dishwasher
Private Outdoor Space
Parking
Location
Mortgage Calculator
Listing History
11/25/2025
Listed by Carly Zamani, Broker
$7,300,000
Property Details for 1585 E Ocean
Association
Amenities
Community Features: Biking, Curbs, Gutter(s), Park, Storm Drain(s), Street Lights, Sidewalks, Water Sports, Fishing
Patio And Porch Features: Brick, Enclosed, Front Porch, Terrace, Tile
Road Frontage Type: Alley,City Street
View: Neighborhood, Peek-A-Boo
Waterfront Features: Across The Road From Lake/Ocean, Ocean Access, Ocean Side Of Highway, Seawall
Measurements
Lot Dimensions Source: Assessor
Lot Features: 0-1 Unit/Acre, Drip Irrigation/Bubblers, Front Yard, Sprinklers In Front, Landscaped, Level, Rectangular Lot, Sprinkler System, Street Level, Value In Land
Lot Size Acres: 0.11
Lot Size Area: 4,900
Lot Size Dimensions: 70,706,970
Lot Size Source: Assessor
Lot Size Square Feet: 4,900
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 04820217
Interior
Features
Appliances: 6 Burner Stove, Built-In Range, Barbecue, Convection Oven, Dishwasher, Gas Cooktop, Disposal, Ice Maker, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Water Heater
Parking Features: Direct Access, Electric Vehicle Charging Station(s), Garage, Public, Garage Faces Rear, On Street
Parking Total: 2
Schools
Elementary School
Elementary School: Newport
High School
High School: Newport Harbor
High School District: Newport Mesa Unified
Middle or Junior School
Middle Or Junior School: Ensign
Utilities
Equipment
Electric: 220 Volts In Garage, Photovoltaics Third-Party Owned
Heating: Central, Fireplace(s)
Has Heating: Yes
Laundry Features: Washer Hookup, Electric Dryer Hookup, In Garage
Sewer: Public Sewer
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this single-family home have?
There are 5 bedrooms and 4 bathrooms in this single-family home at 1585 E Ocean.
What schools are nearby to 1585 E Ocean?
Nearby schools include the Newport Elementary School, Ensign Middle School, and Newport Harbor High School.
Does this single-family home have parking?
Yes, there are 2 parking spaces available for 1585 E Ocean.
How does 1585 E Ocean compare to other single-family homes in Balboa Peninsula Point?
This single-family home is listed 20% below the average price for single-family homes in Balboa Peninsula Point and has been on the market for 105 less days than the typical home in this area.
What is the square footage on this single-family home?
According to the MLS, this listing is 4,084 sqft.
1585 E Ocean is a 5-bedroom, 4-bath single-family home for sale in Newport Beach CA 92661. Listed on Prevu for 16 days at $7,300,000. This residence features 4,084 square feet of living space, located in Balboa Peninsula Point. The median listing price for single-family homes in this area is $6,595,000. Nearby schools include Newport Elementary School, Ensign Middle School, and Newport Harbor High School. The home offers private outdoor space, dishwasher, and parking. Explore more single-family home listings in Orange County.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.