Gracing a premier location just a short walk from the bay and ocean, 501 L Street offers a wonderful opportunity to own a home in the exclusive Balboa Peninsula Point community. Casual seaside living can be found on all three levels boasting high vaulted ceilings and inviting, sunlit rooms. This 4 bedroom, 5.5 bathroom home spans over 3,200 sqft, offering quality craftsmanship and attention to detail curated by Serendipite Design. The floor plan allows for carefree living or elegant entertaining on each level. The main living area on the first floor includes a living room with a fireplace, an open chef's kitchen, stunning island, spacious dining area, laundry/storage room, and a mud room. A media room, full bathroom, and spacious deck can be found on the third floor - the perfect place to take in the ocean breeze while enjoying the city lights and expansive views. This corner lot location allows for beautiful bright light to shine into most windows of the house. Capturing the simplicity of beach living combined with elegant entertaining - 501 L Street is a perfect full-time residence or beach retreat in a prime location.
Sold for $6,500,000
Listed by: Pacific Sotheby's Int'l Realty • Kimberly Bibb • Contact: 949-554-1200
Bought with: Pacific Sotheby's Int'l Realty
$6,500,000
501 L St, Newport Beach, CA 92661
4beds
3,275sqft
Single Family Residence
Built in 2018
3,510 Square Feet Lot
$6,606,100 Zestimate®
$1,985/sqft
$7,377 Estimated rent
Home value
$6,606,100
$6.08M - $7.20M
$7,377/mo
Zestimate® history
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$40,502/mo
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List your homeWhat's special
Ocean breezeQuality craftsmanshipCity lightsExpansive viewsCorner lot locationStunning islandSpacious dining area
Zillow last checked:
Listing updated:
Listed by:
Kimberly Bibb DRE #01210754 714-396-0185,
Pacific Sotheby's Int'l Realty
Bought with:
Kimberly Bibb, DRE #01210754
Pacific Sotheby's Int'l Realty
Source: CRMLS,MLS#: NP25008924
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 2
- 3/4 bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Bonus Room, Bedroom, Living Room, Primary Bathroom, Primary Bedroom, Other, Pantry, Dining Room
Bedroom
- Features: All Bedrooms Up
Other
- Features: Walk-In Closet(s)
Pantry
- Features: Walk-In Pantry
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: 6 Burner Stove, Dishwasher, Disposal
- Laundry: Inside, Laundry Room
Features
- Separate/Formal Dining Room, Eat-in Kitchen, Pantry, All Bedrooms Up, Walk-In Pantry, Walk-In Closet(s)
- Flooring: Wood
- Has fireplace: Yes
- Fireplace features: Living Room, Primary Bedroom
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 3,275 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: Three Or More
- Stories: 3
- Entry location: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: City Lights
Lot
- Size: 3,510 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 04824041
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 2018
Details
- Builder name: Rincon Homes, Inc.
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs
- Subdivision: Balboa Peninsula Point (Blpp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,985/sqft
- Tax assessed value: $4,462,074
- Annual tax amount: $47,156
- Date on market: 2/10/2025
- Cumulative days on market: 51 days
- Listing terms: Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2025 | Sold | $6,500,000-12.1%$1,985/sqft |
Source:  CRMLS #NP25008924 Report a problem | ||
| 4/22/2025 | Contingent | $7,395,000$2,258/sqft |
Source: CRMLS #NP25008924 Report a problem | ||
| 2/11/2025 | Listed for sale | $7,395,000+84.9%$2,258/sqft |
Source: CRMLS #NP25008924 Report a problem | ||
| 4/14/2024 | Listing removed | -- |
Source: CRMLS #NP23190555 Report a problem | ||
| 1/30/2024 | Listed for rent | $20,000$6/sqft |
Source: CRMLS #NP23190555 Report a problem | ||
| 5/24/2019 | Sold | $4,000,000$1,221/sqft |
Source:  CRMLS #NP19122110 Report a problem | ||
| 1/23/2019 | Sold | $4,000,000$1,221/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $47,156 +1.6% | $4,462,074 +2% |
| 2024 | $46,422 +2.4% | $4,374,583 +2% |
| 2023 | $45,340 +1.7% | $4,288,807 +2% |
| 2022 | $44,592 +2% | $4,204,713 +2% |
| 2021 | $43,736 +1% | $4,122,268 +1% |
| 2020 | $43,317 | $4,080,000 +41.7% |
| 2019 | $43,317 +41.4% | $2,878,696 +35.4% |
| 2018 | $30,625 | $2,126,283 |
Find assessor info on the county website
Neighborhood: 92661
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Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 1.8 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 2.1 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 2.2 mi
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Estimated market value
$6,606,100
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Estimated market value
$6,606,100
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