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306 East Oceanfront, Newport Beach, CA 92661

$8.25M4bd · 5ba · 2,520 sqft
Lot 2,400 sqft•Single Family Residence•
Active
•5d on market•MLS# NP-26231403

Property Description

An exceptional opportunity to own newly constructed oceanfront real estate along Newport Beach's iconic Balboa Peninsula, 306 E Oceanfront is a ground-up residence now well underway, combining striking coastal architecture, thoughtfully curated interiors, and an irreplaceable front-row position on the Pacific. Situated directly along the boardwalk, the property enjoys unobstructed ocean views and a particularly desirable beachfront setting, with an expansive stretch of sand separating the residence from the shoreline, portions of which feature a naturally occurring protective berm. Designed by Richart Architects, built by Newport Beach-based Marston Builders, and featuring interiors by Jodi Fleming Design, the residence brings together an exceptional team of local talent. The three-story home encompasses approximately 2,520 square feet of habitable space on a 2,400-square-foot oceanfront lot, with three bedrooms, three and a half bathrooms in the primary residence, plus an attached one-bed, one-bath JADU. Expansive living areas open to an extraordinary beachfront patio with expansive depth, a rare luxury along the Peninsula where outdoor space is often limited. Above, multiple rooftop entertaining areas, including an outdoor kitchen, capture sweeping panoramic views of the Pacific and surrounding coastline. With construction progressing, approved plans, permits, and a comprehensive design program already in place, much of the complexity of bringing an oceanfront development to life has been addressed. Offered at its current stage of construction, the listed price reflects the underlying real estate, improvements completed to date, approved plans, and established project infrastructure. A discerning buyer has the opportunity to continue with the exceptional team already assembled, and potentially personalize finishes to their own vision. Further enhancing the offering, the primary residence holds an active short-term lodging permit. Direct boardwalk frontage, an exceptionally generous oceanfront patio, an acclaimed design and construction team, and the opportunity to shape the final expression of a remarkable coastal residence. An increasingly rare offering on Newport Beach's oceanfront. Renderings are conceptual only. Final design, materials, and features are subject to change. Current list price is subject to change with progression of construction, inquire for more information.

Features & Amenities

FeeBuilt 2027

Property Details

Land Type
Fee
Year Built
2027
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Zoned, Central
Cooling
Central Air, Ductless, High Efficiency, Whole House Fan, Zoned
View
City Lights, Coastline, Mountain(s), Ocean, Panoramic, Pier, Water
Flooring
Tile, Wood
Roof
Composition
City
Newport Beach
Zip Code
92661
County
Orange
Listed bySerhant California, Inc, Tyler Brown

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$41,716.49
Principal & Interest
Loan Amount
$6,600,000
Total Interest
$8,417,936
Total Payment Over 30 Years
$15,017,936
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

306 East Oceanfront, Newport Beach, CA 92661

Newport Beach · Single Family Residence

$8.25M
Luxury Tier
Beds
4
Baths
5
Sqft
2,520
Lot
2,400 sqft
Year
2027
$/Sqft
$3274
Pool: No✓
Spa: No✓
View: city✓
Garage: 2-car✓

Listed 3.8% above the median closed sale of $7,950,000. Closed comps sold at 94% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 138 days on market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $8.25M· $3,274/sqft
Total list price
Closed comps
vs closed median $7.95M
+$300K (+3.8%)
Active comps
vs active median $8.49M
−$245K (−2.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $2,924
+$350 (+12.0%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
409 EdgewaterNewport Beach1917432,7323,237$2,928$8.00M20181
1416 Balboa BoulevardNewport Beach2022563,3492,700$2,681$8.98M5375
2712 OceanfrontNewport Beach1988331,9761,875$3,644$7.20M25066
3000 OceanfrontNewport Beach1996442,8392,320$2,994$8.50M661
503 JNewport Beach2025463,5773,000$2,375$8.49M8060
Total: 5 · Average4.04.42,894.62,626.4$2,924.4$8.23M118
Median2,839$8.49M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
218 OceanfrontNewport Beach202407/31/2026442,6502,400$9.45M$9.25M$3,4910.9818096
225 DiamondNewport Beach202609/29/2026452,3122,550$7.95M$7.58M$3,2810.955684
1201 Bay FrontNewport Beach195711/20/2025442,7242,550$8.75M$7.95M$2,9190.9128982
1414 OceanfrontNewport Beach200805/21/2026453,3073,075$8.99M$8.65M$2,6160.968075
1340 Bay AvenueNewport Beach195211/18/2025432,0533,778$8.49M$7.67M$3,7380.908368
Total: 5 · Average4.04.22,609.22,870.6$8.22M$8.22M$3,209—137.6
Median2,650$7.95M$7.95M

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.