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.
Listed by Jacob Karp
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License #02039254
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Pacaso Inc.
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650-576-2292
Last updated December 03, 2025
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Source: CRMLS #24445141
Listing Facts
TypeSingle-family
NeighborhoodCentral Newport Beach
Bedrooms5
Bathrooms3
Days on Prevu441
Size2,294 sqft
Price per sqft$497
Amenities
Dishwasher
Private Outdoor Space
Washer/Dryer
Parking
Location
Mortgage Calculator
Listing History
10/25/2025
Status changed to Active
$1,140,000
10/22/2025
Status changed to Removed from Feed
$1,140,000
10/17/2025
Status changed to Active
$1,140,000
10/16/2025
Status changed to Removed from Feed
$1,140,000
10/04/2025
Status changed to Active
$1,140,000
10/03/2025
Status changed to Removed from Feed
$1,140,000
09/18/2025
Status changed to Active
$1,140,000
09/16/2025
Status changed to Removed from Feed
$1,140,000
09/15/2025
Status changed to Active
$1,140,000
09/14/2025
Status changed to Removed from Feed
$1,140,000
09/13/2025
Status changed to Active
$1,140,000
09/12/2025
Status changed to Removed from Feed
$1,140,000
09/11/2025
Status changed to Active
$1,140,000
09/05/2025
Status changed to Removed from Feed
$1,140,000
09/04/2025
Status changed to Active
$1,140,000
09/03/2025
Status changed to Removed from Feed
$1,140,000
08/31/2025
Status changed to Active
$1,140,000
08/28/2025
Status changed to Removed from Feed
$1,140,000
06/28/2025
Status changed to Active
$1,140,000
06/27/2025
Status changed to Removed from Feed
$1,140,000
02/04/2025
Price Decreased
$1,140,000
12/18/2024
Price Decreased
$1,170,000
10/01/2024
Status changed to Active
$1,199,000
10/01/2024
Status changed to Removed from Feed
$1,199,000
09/25/2024
Listed by Pacaso Inc.
$1,199,000
Property Details for 506 W Oceanfront 2
Exterior
Construction
Property Condition: Updated/Remodeled
Stories Total: 3
Window Features: Blinds, Bay Window(s)
Year Built: 2000
Architectural Style: Contemporary
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Ground Level - no steps
Features
Direction Faces: West
Patio And Porch Features: Concrete, Covered, Deck, Front Porch, Glass Enclosed, Open, Patio, Porch, Tile
Interior Features: Breakfast Bar, Balcony, Ceiling Fan(s), Crown Molding, Separate/Formal Dining Room, Furnished, Open Floorplan, Recessed Lighting, Storage, Walk-In Closet(s)
Measurements
Living Area: 2,294
Rooms
Bathrooms Full: 3
Bathrooms Total Integer: 3
Bedrooms Total: 5
Parking
Parking
Attached Garage: Yes
Garage Spaces: 2
Garage: Yes
Parking Features: Door-Multi, Direct Access, Garage
Parking Total: 2
Utilities
Equipment
Heating: Central, Forced Air
Has Heating: Yes
Laundry Features: Inside
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this single-family home have?
There are 5 bedrooms and 3 bathrooms in this single-family home at 506 W Oceanfront 2.
Does this single-family home have parking?
Yes, there are 2 parking spaces available for 506 W Oceanfront 2.
How does 506 W Oceanfront 2 compare to other single-family homes in Central Newport Beach?
This single-family home is listed 90% below the average price for single-family homes in Central Newport Beach and has been on the market for 374 more 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 2,294 sqft.
506 W Oceanfront 2 is a 5-bedroom, 3-bath single-family home for sale in Newport Beach CA 92661. Available on Prevu for 441 days at $1,140,000. This includes a recent price decrease of $30,000. This home features 2,294 square feet of living space, located in Central Newport Beach. The median listing price for single-family homes in this area is $4,295,000. Property amenities include private outdoor space, dishwasher, parking, and washer/dryer. Browse 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.
