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3312 W Oceanfront, Newport Beach, CA 92663

List Price: $10,000,000On Market FlagOn market
Jul 1, 20252,498 sqft4 beds4 baths
Listed by: Arthur Dorr
License #: 01899740
Phone #: 9496737368
Balboa Realty
Source:
CRMLS Logo
MLS #: NP25146526

Property Description

Discover a rare opportunity to own a modern beachfront home in one of Newport Beach’s most coveted locations. Ideally positioned on the boardwalk at 34th Street, this three-story residence—with a transferable short-term lodging permit—offers sweeping ocean and Catalina Island views, high-end design, and effortless coastal living just steps from the sand. Designed to maximize natural light and capture panoramic vistas, the home features floor-to-ceiling infinity glass doors on all three levels, seamlessly blending indoor and outdoor spaces. The main level showcases an open-concept layout anchored by a chef’s kitchen with stainless steel appliances, Sub-Zero refrigerator, custom cabinetry, and elegant countertops—perfect for both everyday living and entertaining. Upstairs, three spacious bedrooms each offer ensuite baths and walk-in closets. The luxurious primary suite opens to a private ocean-facing deck and includes a spa-style bath with soaking tub, steam shower, separate water closet, and expansive closet space. A third-floor bonus room with a full bath opens to the rooftop deck, where a boardwalk-facing hot tub, lounge seating, and retractable awning create the perfect space to unwind or entertain. Additional amenities include a full-size laundry room with generous storage, smart TVs throughout, USB-integrated outlets, a modern security system with exterior cameras, and a two-car garage with EV charging outlets. Currently operated as one of Newport Beach’s highest-performing short-term vacation rentals, this property delivers strong, consistent income. It has been professionally managed for over a decade, and the current owner has maintained it in pristine condition. Its prime oceanfront location, turnkey condition, and rare transferable permit make it a standout investment for buyers seeking a hybrid of lifestyle and income potential. Whether you're looking for a full-time residence, second home, or income-producing coastal retreat, this exceptional property offers immediate value—and a rare chance to own a proven performer in one of Southern California’s most iconic beachfront communities. (Verified income records available upon request; short-term lodging permit transfers to the buyer.)
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$30,207

TurboHome Estimated Value

$6,006,900

$2,405 sqft

High Valuation
$6,307,245
$2525/sqft
Normal Valuation
$6,006,900
$2405/sqft
Low Valuation
$5,706,555
$2284/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$2405/sqft$6,006,900

Neighborhood: West Newport Beach (WSNB)

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Comparative Value

$4.86M

$5.33M

$6.75M

$10.00M

4015 Marcus Ave, Newport Beach, CA 92663

Sale Price: $4,855,000

Selected Comparable

409 39th St, Newport Beach, CA 92663

Sale Price: $5,000,000

Selected Comparable

400 1/2 Clubhouse Ave, Newport Beach, CA 92663

Sale Price: $5,325,000

Selected Comparable

106 33rd St, Newport Beach, CA 92663

Sale Price: $5,325,000

Selected Comparable

3012 W Oceanfront, Newport Beach, CA 92663

Sale Price: $6,750,000

Selected Comparable

3312 W Oceanfront, Newport Beach, CA 92663

List Price: $10,000,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
3312 W Oceanfront, Newport Beach, CA 92663

3312 W Oceanfront, Newport Beach, CA 92663

List: $10,000,000

Listed: 7/1/2025

Area:2,498 sqft
Price/sqft:$4,003
Beds:4
Baths:4
Year Built:
Lot Size:2,250

Comparable Properties

COMPARABLE
Choose comps
409 39th St, Newport Beach, CA 92663

409 39th St, Newport Beach, CA 92663

Sale: $5,000,000

7/9/20250.31 mi

Area:3,020 sqft
Price/sqft:$1,656
Beds:4
Baths:4
Year Built:
Weight:22.0%
400 1/2 Clubhouse Ave, Newport Beach, CA 92663

400 1/2 Clubhouse Ave, Newport Beach, CA 92663

Sale: $5,325,000

2/28/20250.24 mi

Area:2,474 sqft
Price/sqft:$2,152
Beds:3
Baths:4
Year Built:
Weight:20.1%
3012 W Oceanfront, Newport Beach, CA 92663

3012 W Oceanfront, Newport Beach, CA 92663

Sale: $6,750,000

8/11/20250.13 mi

Area:1,924 sqft
Price/sqft:$3,508
Beds:4
Baths:3
Year Built:
Weight:19.7%
106 33rd St, Newport Beach, CA 92663

106 33rd St, Newport Beach, CA 92663

Sale: $5,325,000

7/2/20250.05 mi

Area:2,103 sqft
Price/sqft:$2,532
Beds:3
Baths:4
Year Built:
Weight:19.3%
4015 Marcus Ave, Newport Beach, CA 92663

4015 Marcus Ave, Newport Beach, CA 92663

Sale: $4,855,000

2/18/20250.34 mi

Area:2,608 sqft
Price/sqft:$1,862
Beds:5
Baths:4
Year Built:
Weight:18.9%

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