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1585 E OceanNewport Beach, CA 92661

For Sale

$7,300,000

Smart Buyer Rebate $73,000

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

General

  • Number Of Units In Community: 1645

Exterior

Construction

  • Number Of Units Total: 1
  • Property Condition: Repairs Cosmetic
  • Roof: Shingle, Spanish Tile
  • Stories: 2
  • Stories Total: 2
  • Structure Type: House
  • Window Features: Blinds, Double Pane Windows, French/Mullioned, Screens, Stained Glass, Skylight(s), Shutters, Wood Frames
  • Year Built: 1931
  • Architectural Style: Spanish, Patio Home
  • Common Walls: No Common Walls
  • Construction Materials: Stucco, Wood Siding
  • Entry Level: 1
  • Entry Location: 1
  • Exterior Features: Awning(s), Lighting

Features

  • Direction Faces: East
  • Fencing: Block, Good Condition, Wrought Iron
  • 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
  • Fireplace Features: Decorative, Free Standing, Living Room, Primary Bedroom, Outside, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Features: Built-in Features, Balcony, Ceiling Fan(s), Crown Molding, Separate/Formal Dining Room, Granite Counters, Living Room Deck Attached, Pantry, Paneling/Wainscoting, Stone Counters, Recessed Lighting, Track Lighting, Multiple Primary Suites, Primary Suite, Walk-In Pantry, Walk-In Closet(s)

Measurements

  • Living Area: 4,084
  • Living Area Source: Assessor
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 3
  • Bathrooms Half: 2
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 5
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1

Other

General

  • Exclusions: Washer, Dryer, Tesla Charger

Location

  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Tax Block: B
  • Tax Lot: 24

Parking

Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage: Yes
  • 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.

Full MLS Disclaimers

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.