Rare double-lot opportunity on the Newport Beach Peninsula

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Home For Sale

1585 E Ocean

Newport Beach, California 92661

Orange County

Community: Balboa Peninsula (Residential) (BALP)

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$7,300,000 5 br, 5.0 bath 4084 sq. ft. 0.112 acres

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.

Interior:
  • Bedrooms: 5
  • Baths: 5.0
  • Sq Ft: 4084
  • Year Built: 1931
  • Utilities: 
  • Fireplaces: Has Fireplace
  • Stories: 2
  • Heat/AC: Central, Fireplace(s)
  • Garage: Garage
Exterior:
  • Lot Size: 0.112 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: Stucco, Wood Siding
  • Roof: Shingle, Spanish Tile, Tile
  • MLS #: PW25264664
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Contact Information:
Beach Home For Sale in Newport Beach, California
Listing Agent: Carly Zamani, zRE Group, 949-232-8211, 949-232-8211 Listing Site, Listing Status: Active
Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 6882828
Viewed 17 times.
Updated: Nov 25, 2025

This property is a Home located at 1585 E Ocean, Newport Beach, California 92661, and is currently For Sale at $7,300,000. This Home has 5 bedrooms, 5.0 baths, 4084 sq ft.