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1228 West Oceanfront, Newport Beach, CA 92661

$12.00M3bd · 4ba · 3,669 sqft
Lot 3,735 sqft•Single Family Residence•
Active
•204d on market•MLS# PW-26061746

Property Description

Set on one of the Peninsula’s deeper oceanfront lot segments, with approximately 102.5 feet of depth, this boardwalk-front residence offers roughly 3,669 square feet, sweeping Pacific views, a generous brick patio steps from the sand, and an unusually capable parking package: a three-car garage plus two additional outside spaces. The professionally decorated interior was comprehensively refreshed in 2018, including the kitchen, flooring, primary bath, and guest bedrooms. Wide ocean-facing doors connect the main living spaces to the patio for everyday coastal living and entertaining. The open kitchen features a custom marble island, Viking range, and Sub-Zero refrigerator. An ocean-view office adjoining the primary suite provides a dedicated work-from-home retreat, while the large flex room—currently arranged for billiards—can serve as a media room, den, studio, or additional gathering space. Additional features include a tankless water heater and vaulted ceilings in the three-car garage. Positioned along the boardwalk west of Newport Pier and a short walk from Newport Elementary, 1228 W Oceanfront combines deep-lot scale, flexible interiors, broad ocean views, and parking for five vehicles in a package that is difficult to replicate on the Peninsula. Property being advertised as furnished with the sale.

Features & Amenities

FeeBuilt 1998

Property Details

Land Type
Fee
Year Built
1998
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
5
Garage Spaces
3
Heating
Central
Cooling
Whole House Fan
View
Ocean
Flooring
Wood
City
Newport Beach
Zip Code
92661
County
Orange
Listed byBalboa Island Estates, Lucas Kinney

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$60,678.52
Principal & Interest
Loan Amount
$9,599,999
Total Interest
$12,244,270
Total Payment Over 30 Years
$21,844,269
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

1228 West Oceanfront, Newport Beach, CA 92661

Newport Beach · Single Family Residence

$12.00M
Luxury Tier
Beds
3
Baths
4
Sqft
3,669
Lot
3,735 sqft
Year
1998
$/Sqft
$3271
Pool: No✓
Spa: No✓
View: water✓
Garage: 3-car✓

Listed 81.8% above the median closed sale of $6,600,000. Price per sqft ($3,271) is a 41% premium to closed comps ($2,326). Closed comps sold at 95% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $12.00M· $3,271/sqft
Total list price
Closed comps
vs closed median $6.60M
+$5.40M (+81.8%)
Active comps
vs active median $7.95M
+$4.05M (+50.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $2,492
+$779 (+31.3%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
503 JNewport Beach2025463,5773,000$2,375$8.49M5877
121 41stNewport Beach2018453,2242,550$2,466$7.95M7374
224 CoralNewport Beach1990443,3633,960$1,680$5.65M569
23 EdgewoodNewport Beach1998443,1004,135$1,451$4.50M11667
928 Balboa BoulevardNewport Beach2016463,3414,233$4,488$14.99M4360
Total: 5 · Average4.05.03,3213,575.6$2,492$8.32M59
Median3,341$7.95M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
332 Holmwood DriveNewport Beach199407/20/2026333,5205,888$4.13M$3.72M$1,0570.907075
2601 Bayshore DriveNewport Beach199809/08/2026453,6724,000$11.20M$11.00M$2,9960.9819570
600 Via Lido NordNewport Beach198107/02/2026333,8463,600$17.00M$15.50M$4,0300.9112768
30 Long BayNewport Beach199909/18/2026443,1004,133$4.58M$4.50M$1,4520.986367
503 L StreetNewport Beach201809/22/2026453,1483,523$6.89M$6.60M$2,0970.9613062
Total: 5 · Average3.64.03,457.24,228.8$8.26M$8.26M$2,326.4—117
Median3,520$6.60M$6.60M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.