$8,495,000
NEW CONSTRUCTION $1M PRICE DROP

Estimated payment $50,433/month

Total Views 21,389
3 Beds
4.5 Baths
2,640 Sq Ft
$3,218 Price per Sq Ft

Highlights

  • Ocean Front
  • New Construction
  • Rooftop Deck
  • Newport Elementary School Rated A
  • Fishing
  • Primary Bedroom Suite

About This Home

114 E Oceanfront, is a stunning new construction home offering breathtaking panoramic views of the Pacific and Catalina. Built by ATP Builders, this property blends opulence and coastal living with 2,640 square feet of living space. Offered fully furnished with Serena and Lily furnishings elevates the property to a new level of relaxed comfort. Experience the pinnacle of luxury living with a custom kitchen meticulously designed by Cooper Pacific Kitchens, boasting the finest craftsmanship and top-of-the-line appliances including a Sub Zero refrigerator and Wolf range. This chef’s kitchen is complete with a walk-in pantry, as well as a built-in bar with a wine refrigerator, dual drawer beverage refrigerator and plenty of storage. Waterworks fixtures and marble countertops throughout the home enhance the elegant design. Enjoy ocean breezes while dining al fresco with a built-in bbq and fire pit. Rinse off in the outdoor shower off the powder bath. The second floor features three en suite bedrooms. The primary suite boasts ocean views and an adjoining private office. The primary bath is a luxurious retreat with a soaking tub and a walk-in shower. The walk-in closet is fully outfitted with built-in storage. Both of the guest rooms offer closet systems and all bedrooms are furnished with the finest bed linens and spa like towels. The laundry room has a front-loading LG washer and dryer. The large TV room on the third floor could serve as an optional fourth bedroom suite. There are two roof decks. The front overlooks the Pacific and features a fireplace, bar area complete with a sink, refrigerator, and ice maker. The rear deck offers space for an infrared sauna and a cold plunge. All outdoor spaces were created by renowned landscape designer Molly Wood. Her careful selection of plants ensures resilience against the coastal weather conditions. Tech-savvy buyers who are looking for a modern and connected home will delight in the array of features. The network collectively creates a sophisticated smart home that is simple to use. This is a rare opportunity to purchase a custom built home with all the attention to detail that owners would build for themselves without the inconvenience of going through the building process. This beautifully styled home is perfect for those who are looking for a one-of-a-kind living experience.

Listing Agent

Allison Root

Compass Brokerage Email: allison.root@compass.com License #01368988 Listed on: 01/10/2025

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $62,079

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 2,100 Sq Ft Lot
  • Lot Dimensions are 30x70
  • Ocean Front
  • Property fronts an alley
  • Brick Fence
  • Landscaped
  • Paved or Partially Paved Lot
  • Level Lot
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Garage Door Opener
  • Driveway Level

Property Views

  • Ocean
  • Coastline
  • Views of a pier
  • Catalina
  • Panoramic
  • City Lights

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,640 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Bar
  • Dry Bar
  • Beamed Ceilings
  • Double Pane Windows
  • Custom Window Coverings
  • Blinds
  • Window Screens
  • Great Room
  • Living Room with Fireplace
  • Home Office
  • Bonus Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wolf Appliances
  • Kitchen Island
  • Stone Countertops
  • Pots and Pans Drawers
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Soaking Tub
  • Separate Shower

Home Security

  • Home Security System
  • Smart Home
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating
  • Solar Heating System

Outdoor Features

  • Rooftop Deck
  • Wood Patio
  • Outdoor Grill
  • Rain Gutters
  • Front Porch

Schools

  • Newport Elementary School
  • Ensign Middle School
  • Newport Harbor High School

Utilities

  • High Efficiency Air Conditioning
  • Central Heating and Cooling System
  • High Efficiency Heating System
  • 220 Volts
  • Natural Gas Connected
  • Tankless Water Heater
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 20 / 11
  • Tax Tract Number 219
  • Assessor Parcel Number 04807409
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • Built by ATP Builders
  • Balboa Peninsula Subdivision

Recreation

  • Fishing
  • Water Sports
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$62,079

Year Built

Built in 2024 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Inclusions: This home is offered fully furnished, no exceptions
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire and Smoke Detection System, Fire Sprinkler System, Security System, Smoke Detector(s)
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • View: Yes
  • Architectural Style: Traditional
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 04807409
  • Year Built: 2024
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 2640.00 Square Feet
  • Interior Amenities: Bar, Beamed Ceilings, Built-in Features, Dry Bar, Furnished, Home Automation System, Open Floorplan, Pantry, Stone Counters
  • Stories: 3
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 3217.80
  • Room Type: All Bedrooms Up, Bonus Room, Great Room, Kitchen, Laundry, Primary Suite, Office, Walk-In Closet, Walk-In Pantry
  • Window Features: Blinds, Custom Covering, Double Pane Windows, Screens
  • Bathroom Features: Double Sinks In Primary Bath, Privacy Toilet Door, Separate Tub And Shower, Soaking Tub, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Pots & Pan Drawers, Self-Closing Cabinet Doors, Self-Closing Drawers, Stone Counters, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Barbecue Private, Rain Gutters
  • View: Catalina, City Lights, Coastline, Ocean, Panoramic, Pier, Water
  • Fence: Yes
  • Fencing: Brick
  • Builder Name: ATP Builders
  • Patio And Porch Features: Deck, Patio, Front Porch, Roof Top, Wood
  • Pool Private: No
  • Roof: Metal
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway Level, Garage, Garage Faces Rear, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Freezer, Disposal, Gas Range, Ice Maker, Microwave, Range Hood, Refrigerator, Tankless Water Heater
  • Electric: 220 Volts
  • Heating Type: Central, ENERGY STAR Qualified Equipment, Fireplace(s), High Efficiency, Solar
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Energy Star Qualified Equipment, High Efficiency
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Fishing, Watersports

Schools

  • School District: Newport Mesa Unified
  • Elementary School: Newport
  • Middle School: Ensign
  • High School: Newport Harbor
  • Elementary School: Newport
  • High School: Newport Harbor
  • Middle Or Junior School: Ensign
  • Elementary School #2: NEWPOR
  • High School2: NEWHAR

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Landscaped, Level with Street, Paved
  • Lot Size: 30x70
  • Lot Size Sq Ft: 2100.00
  • Lot Size Acres: 0.0482

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2100.0000 Square Feet
  • Number Of Units Total: 1
  • Waterfront Features: Ocean Front

Tax Info

  • Tax Block: 11
  • Tax Lot: 20
  • Tax Tract Number: 219

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $62,079 $6,079,295 $5,178,695 $900,600
2024 $62,079 $5,827,650 $5,077,152 $750,498
2023 $53,168 $4,977,600 $4,977,600 $0
2022 $43,808 $4,080,000 $3,972,402 $107,598
2021 $3,097 $190,456 $106,463 $83,993
2020 $3,071 $188,504 $105,372 $83,132
2019 $3,039 $184,808 $103,306 $81,502
2018 $3,060 $181,185 $101,281 $79,904
2017 $3,018 $177,633 $99,295 $78,338
2016 $2,907 $174,150 $97,348 $76,802
2015 $3,041 $171,535 $95,886 $75,649
2014 $2,980 $168,175 $94,007 $74,168
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2025 06/11/25 Price Changed $8,495,000 -5.6% $3,218 / Sq Ft
03/21/2025 03/21/25 Price Changed $8,995,000 -5.3% $3,407 / Sq Ft
01/10/2025 01/10/25 For Sale $9,495,000 +89.9% $3,597 / Sq Ft
02/23/2022 02/23/22 Sold $5,000,000 -2.0% $3,448 / Sq Ft
01/06/2022 01/06/22 Pending -- -- --
12/16/2021 12/16/21 Price Changed $5,100,000 -3.8% $3,517 / Sq Ft
10/24/2021 10/24/21 For Sale $5,300,000 +32.5% $3,655 / Sq Ft
01/29/2021 01/29/21 Sold $4,000,000 -7.0% $2,784 / Sq Ft
12/17/2020 12/17/20 For Sale $4,299,000 +7.5% $2,992 / Sq Ft
12/15/2020 12/15/20 Off Market $4,000,000 -- --
11/22/2020 11/22/20 Price Changed $4,299,000 -4.5% $2,992 / Sq Ft
11/08/2020 11/08/20 For Sale $4,500,000 -- $3,132 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $5,000,000 Fidelity National Title
Grant Deed $4,000,000 Fidelity Natl Ttl Orange Cnt
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,000,000 New Conventional
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25006320

California Regional Multiple Listing Service (CRMLS)

APN: 048-074-09