1008 W Oceanfront, Newport Beach, CA | Pacaso
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$1,088,0001/8 Ownership

Whole home list price


5 Beds4 Baths3,872 sq ft

About this home
Seize this opportunity to own a beachfront jewel with a 3-car garage situated on a rare extra-wide 40ft lot on the coveted 1000 Block of Balboa Peninsula in Newport Beach! Rare ocean views from the first level and jaw-dropping coastline and Catalina views showcased from the walls of windows wrapping the front of the home. This exceptional four-bed, four-bath retreat boasts soaring ceilings and custom designer details throughout. Ideally sited on the most desirable boardwalk on the beach, this two-story stunner has expansive stone patio for alfresco dining and enjoying the beach life amidst a backdrop of sea and sand. Once inside, a story of sophisticated coastal design unfolds. Entertain in one of two generous living areas, complete with two fireplaces, gorgeous hardwood floors, built-ins with bead-board accents, and easy access to the outdoors. Additional highlights include a raised formal dining, gourmet chef’s kitchen with ample cabinetry, gas stove and built-in stainless steel appliances, as well as a spacious loft that makes for a handsome office/study. Master suite features a private terrace with endless ocean views, as well as a fireplace, and tranquil spa bath. Enjoy short walks to a myriad of restaurants, shops, two piers, as well as paddle boarding and surf spots. Come live in luxury at the best address in Newport!...show more

How we estimated this 1/8 share price

We used market data to estimate the cost of turning this home into a Pacaso, which includes a full design makeover, LLC formation, and finding qualified owners.

Purchase PriceWhole home: $7,295,000$911,875
Home Upgrades & ClosingInterior design, furnishings, inspection & title$59,000
Pacaso Service FeeBuyer aggregation, legal & financing$117,125

Estimated 1/8 Ownership44+ nights per year$1,088,000

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Listing Agent

Courtesy of - Steven Mastropaolo, The Address, Inc

Whole home list price: $7,295,000