306 E Oceanfront
- Newport Beach, CA
- $6,850,000
4 Beds 5 Baths 2,520 Sq.Ft. 2,400 Sq.Ft.
Positioned directly on the Balboa Peninsula boardwalk, 306 E Oceanfront is a ground-up oceanfront residence currently under construction, offered now to a discerning buyer who understands the rarity of what’s in front of them. The views are unobstructed. The Pacific is at the doorstep.
Designed by Richart Architects, the three-story residence spans 2,520 square feet of habitable space on a 2,400 square foot boardwalk lot, with a program that makes full use of its position. Three bedrooms, three full baths, and one half bath are arranged across the main living levels of the primary residence, anchored by a generous front patio that opens directly to the boardwalk.
The rooftop level is designed for living at elevation, with an outdoor kitchen and unobstructed ocean views. A one-bedroom, one-bath attached JADU completes the offering, adding flexibility for guests, extended family, or income generation. The architectural vision is already realized on paper and in permit. A full set of approved construction documents, active building permits, and a complete interior design program are in place, covering cabinetry, material selections, lighting, hardware, and every finish decision that separates a house from a home of this caliber. An established general contractor is on-site and mid-build, executing under a professionally structured construction agreement with Marston Builders of Newport Beach. What this offering presents is the ability to step into a project of genuine quality, already in motion, and make it yours. The months of planning, the negotiations with the city, the selection of the right team — that work is done. A buyer with vision can focus entirely on the finish line. Boardwalk-front new construction of this pedigree surfaces rarely, if at all.
Estimated completion 2027. Offered exclusively. Full construction documentation provided upon offer. Renderings are conceptual only. Final design, materials, and features are subject to change.
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Address |
306 E Oceanfront, Newport Beach, CA 92661 |
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Property Type |
Single-family oceanfront residence + JADU (under construction) |
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Estimated Completion |
2027 (subject to construction schedule) |
|
General Contractor |
Marston Builders, Inc. |
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Contract Type |
Cost-plus 10% Contractor fee |
|
Projected Total Budget |
~$2.23M |
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Investment to Date |
~$370K (design, engineering, permits, initial construction phase) |
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Remaining Build-Out |
~$1.9M (buyer may assume contract subject to Contractor's reasonable approval) |
|
Construction Documents |
Full Construction Agreement, approved plans, and cost breakdown available upon offer |
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Designer |
Jodi Fleming Design Inc., Newport Beach |
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Engagement Scope |
Complete interior design — cabinetry, all material selections, lighting, hardware, color schemes, fixtures, appliance coordination |
|
Buyer Option |
Designer has confirmed willingness to continue engagement with a buyer who wishes to maintain continuity of the design vision |
|
List Price |
$6,975,000 |
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+ Buyer-Assumed Construction |
~$1,888,000 (remaining Marston contract balance) |
|
= Buyer All-In Land + Construction |
~$8,870,000 |
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Estimated Completed Market Value / Anticipated List Price April 2027 |
~$10,500,000 |
|
Implied Buyer Discount |
~$1,600,000 vs. comparable completed oceanfront |
Year Built
Total Bedrooms
Total Bathrooms
Living Space
Lot Size
Garage Spaces
Property Design Direction By Jodi Flemming Design
Explore
A vibrant, three-mile stretch extending into the Pacific Ocean, Balboa Peninsula — affectionately known as The Peninsula — is one of Newport Beach’s most celebrated coastal destinations. Flanked by golden beaches on one side and tranquil harbor waters on the other, it offers an unparalleled blend of recreation, charm, and coastal luxury.
Once rooted in early shipping and harbor trade, Balboa Peninsula quickly evolved into a beloved resort and residential retreat. Historic landmarks like the Balboa Pavilion and vintage piers preserve its heritage, while the neighborhood’s lively boardwalk and nautical atmosphere keep the spirit of seaside leisure alive.
Life on The Peninsula is as dynamic as the waves at The Wedge. Residents and visitors alike can enjoy bike rides along the famed boardwalk, sunset strolls on wide sandy beaches, fishing from the pier, or a nostalgic ride on the Ferris wheel at the Balboa Fun Zone. Every day offers the promise of a new coastal adventure.
From bustling Balboa Village with its vibrant vacation rentals to the peaceful, upscale enclave of Peninsula Point, the neighborhood caters to a wide range of lifestyles. Despite its variety, The Peninsula remains inherently walkable, welcoming, and rich with a strong sense of place.
Multi-million-dollar residences stand alongside charming cottages, each offering a front-row seat to Newport’s most captivating water views. A lively dining scene, boutique shops, and year-round community events bring energy to the laid-back beach-town feel. Combined with excellent schools and a timeless seaside allure, Balboa Peninsula is not just a place to live — it’s a lifestyle.
Frequently Asked Questions
Q: Can you Airbnb on the Balboa Peninsula? A: Yes, the Balboa Peninsula is one of the most active short-term rental areas in Newport Beach. Properties require a Short-Term Lodging Permit from the city. Contact us for current permit availability.
Q: What is Peninsula Point? A: Peninsula Point is the eastern tip of the Balboa Peninsula, known for its exclusive single-family homes, private beach, and views of the harbor entrance and The Wedge surf break.
Q: What’s the difference between West Newport and the Balboa Peninsula? A: West Newport is the western section of the Peninsula closest to the Newport Pier, while the broader Peninsula extends east through Balboa Village to Peninsula Point. West Newport tends to have more beach cottages and multi-unit properties.
Q: Is the Balboa Peninsula in a flood zone? A: Portions of the Peninsula are in FEMA flood zones. Flood insurance requirements vary by location. Contact us for property-specific information.
Q: What are home prices on the Balboa Peninsula? A: Prices vary significantly by location. Oceanfront homes range from approximately $3M to $20M+, while interior homes and multi-units can start in the $1.5M–$3M range. Contact us for current market data.
Q: Are there good restaurants on the Peninsula? A: The Peninsula offers a wide range of dining including oceanfront restaurants near the piers, Lido Marina Village’s upscale options like Nobu and Malibu Farm, and local favorites throughout Balboa Village and Cannery Village.
02043514
Tyler Brown is the founding principal of Tyler Brown & Associates at SERHANT., specializing in the Balboa Peninsula, Lido Isle, and Newport Beach's coastal waterfront market. A Peninsula resident and top 1% Orange County agent for five consecutive years, Tyler focuses on oceanfront and bayfront properties, short-term rental investments, and luxu...
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