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Reduced! Lowest priced Beach & Boardwalk front! Approved plans by Coastal Commission for a Soft Modern 3-story home with 3 BD/4BA plus an office/cabana, elevator, wine cellar & 2-car garage & carport. The building plans are close to permit ready and approx a month away from the City approval. The architectural plans feature 2,276 of livable square footage plus a roof-top deck with 1,046 of open square footage and endless views. The main level floor plan has an open floor plan, with a kitchen + island, living and dining room. The second level includes three bedrooms including the master bedroom, with expansive beach, pier and ocean views plus a private balcony. The third level has a roof top deck will an enclosed cabana with a full bath, outdoor mini kitchen with BBQ and fireplace. This is a perfect opportunity to build your dream home and customize the finishes. Beach living at its best, enjoy sunsets, sunshine and waves all year long. Walk, bike and run, this location will inspire you to live life. Perfectly situated on the boardwalk and in-between the Newport and Balboa pier, the location is active and quiet, close to restaurants and entertainment. The existing home has 2 BD/4Ba, an open floor plan, great patio for entertaining and a 1-car garage & carport. The 2-story cottage is super cute and perfectly livable as is. This is the Lowest priced beachfront SFR on the peninsula.
Listing agent: Michelle Hall DRE #01031639 michelle@ultimoproperties.com, Listing office: Ultimo Properties, Inc.
MLS data updated 10/19/2026, 6:25:17 AM PT
Source: CRMLS, MLS #: OC21230136
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Feb 23, 2022
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This home · nearest recorded event
$5,000,000Closed sale · Feb 23, 2022ZIP 92661 · Feb 2022
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.