Single-family home
Listing Agent: Carly Zamani (DRE #02030224) · Listing Office: zRE Group · Contact: 949-232-8211 · Bought with: Kimberly Bibb · Pacific Sotheby's Int'l Realty · MLS #PW25264664 · Source: CRMLS
1585 E Ocean sold for $7,300,000 in January 2026, at its full list price, after 13 days on the market. That works out to $1,787 per square foot on 4,084 square feet. Across 36 closed sales in 92661 over the last 12 months, the median sold price is $5,345,500 and the median is $2,222 per square foot, 24% above this sale's $1,787.
| Quarter | Closed sales in 92661 | Median sold price |
|---|---|---|
| Q1 2026 | 4 | $5,350,000 |
| Q2 2026 | 15 | $6,700,000 |
| Q3 2026 | 16 | $4,400,000 |
| Q4 2026 | 1 | $4,921,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Newport Beach · Homes for sale in 92661
Rare double-lot opportunity on the Newport Beach Peninsula offering 4,084 square feet of living space with incredible potential for remodel or rebuild. This Spanish Colonial style residence with a partially raised foundation showcases a large enclosed front courtyard with patio, built-in BBQ, fireplace, fountain, and landscape lighting. Inside, the home features wooden ceilings, crown molding, and a blend of wood and tile flooring throughout. The spacious primary suite includes two walk-in closets, vaulted wooden ceilings, an oversized bathroom, fireplace, an attached office, and a private balcony overlooking the courtyard, along with a slight peek-a-boo ocean view. A full bathroom with shower is conveniently located downstairs for coming off the beach, and an outdoor shower adds to the coastal lifestyle. The kitchen is designed with a built-in refrigerator, large island, oversized gas range, and walk-in pantry. Additional highlights include leased solar, multiple fireplaces, and generous lot size allowing for expanded outdoor living and design flexibility. Situated in the heart of the Peninsula, this property is just steps from the sand, surf, and Newport’s vibrant coastal amenities. Welcome Home Indeed.
Listing description from the January 2026 sale, as reported to CRMLS.
Closed sales reported in 92661, nearest first, last 12 months. All recent sales in Newport Beach →