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2004 E Ocean BoulevardNewport Beach, CA 92661

For Sale

$4,195,000

Smart Buyer Rebate $41,950

Known as the “Happy House” by neighbors who have long admired its unmistakable charm, 2004 E Ocean Boulevard is a true piece of Peninsula Point history. Designed by Don Phillips, the local legend credited with bringing the frozen banana to Newport Beach, this beloved cottage has a place in the story of the Peninsula that goes well beyond its impossibly charming facade. Phillips’ frozen-banana legacy became part of Newport folklore—and ultimately helped inspire the fictional banana-stand world of Arrested Development. Today, that history lives beautifully alongside a remarkably thoughtful designer renovation. The home’s original soul was carefully preserved—from its distinctive diamond windows to its whimsical cupola—while every other detail was elevated with intricate millwork, natural stone, custom cabinetry, Warren Christopher wide-plank flooring, a Wolf range, Sub-Zero refrigerator, Shade Store window coverings, beautifully appointed baths, and a new roof. The result is a two-bedroom, two bath, single-level beach cottage that feels both polished and wonderfully personal. Every inch has been considered, and every square foot is exceptionally livable—proof that a smaller home can have an extraordinary presence. Positioned on the sunny side of Ocean Boulevard, just two homes from the sand and iconic L Street beach, the location is prime Peninsula Point. The Wedge is steps away, and the legendary swells can be heard year round. Residents also have the option to join the Peninsula Point HOA’s bayfront lounge, barbecue area, vessel launch, and optional security patrol. A little piece of Newport history, lovingly preserved and impeccably reimagined, the “Happy House” is as rare as it is charming—and perhaps one of the sweetest beach cottages anywhere on the Peninsula. Grab a frozen banana and welcome yourself home to 2004 E Ocean Boulevard.

Listed by Jessica Bailey

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License #01990301

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Compass

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949-315-1529

Listed by Summer Perry

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License #01882790

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Compass

Last updated October 20, 2026

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Source: CRMLS #NP26204802

Listing Facts

  • TypeSingle-family
  • NeighborhoodBalboa Peninsula Point
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu38
  • Size1,187 sqft
  • Price per sqft$3,534

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

09/23/2026
Listed by Compass
$4,195,000
  1. 09/23/2026$4,195,000
    Listed by Compass

Property Details for 2004 E Ocean Boulevard

Association

Amenities

  • Community Features: Curbs, Street Lights

Exterior

Construction

  • Number Of Units Total: 1
  • Property Condition: Updated/Remodeled
  • Roof: Composition, Shingle
  • Stories: 1
  • Stories Total: 1
  • Structure Type: House
  • Year Built: 1952
  • Common Walls: No Common Walls
  • Construction Materials: Stucco, Wood Siding
  • Entry Level: 1
  • Entry Location: 1

Features

  • Fencing: Block, Vinyl
  • Patio And Porch Features: Deck, Front Porch
  • Road Frontage Type: City Street
  • View: Neighborhood

Measurements

  • Lot Features: Rectangular Lot
  • Lot Size Acres: 0.06
  • Lot Size Area: 2,625
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 2,625
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 04826129

Interior

Features

  • Appliances: Dishwasher, Freezer, Disposal, Gas Range, Refrigerator, Range Hood, Tankless Water Heater, Water Purifier, Dryer, Washer
  • Fireplace Features: Gas, Living Room
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), Dry Bar, Open Floorplan, Stone Counters, Recessed Lighting, Master Downstairs

Measurements

  • Living Area: 1,187
  • Living Area Source: Appraiser
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2

Other

Location

  • Subdivision Name: Balboa Peninsula Point (BLPP)
  • Tax Block: G
  • Tax Lot: 2

Parking

Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Attached, Garage, Oversized
  • 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

  • Cooling: Central Air
  • Has Cooling: Yes
  • Electric: 220 Volts In Garage
  • Heating: Central
  • Has Heating: Yes
  • Laundry Features: Inside, 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 2 bedrooms and 2 bathrooms in this single-family home at 2004 E Ocean Boulevard.

What schools are nearby to 2004 E Ocean Boulevard?

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 2004 E Ocean Boulevard.

How does 2004 E Ocean Boulevard compare to other single-family homes in Balboa Peninsula Point?

This single-family home is listed 55% below the average price for single-family homes in Balboa Peninsula Point and has been on the market for 139 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 1,187 sqft.

2004 E Ocean Boulevard is a 2-bedroom, 2-bath single-family home for sale in Newport Beach CA 92661. Available on Prevu for 38 days at $4,195,000. This residence features 1,187 square feet of living space, located in Balboa Peninsula Point. The median listing price for single-family homes in this area is $5,992,500. Nearby schools include Newport Elementary School, Ensign Middle School, and Newport Harbor High School. The home offers private outdoor space, dishwasher, air conditioning, parking, and washer/dryer. 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.