Discover waterfront living at its finest with this Spanish-revival 3-bedroom, 3-bathroom Balboa Peninsula bayfront home nestled on the shores of Newport Harbor. Boasting 2,267 square feet of interior space, this residence offers a unique blend of Newport Beach coastal fun.
Step inside to find a layout designed for easy living and entertaining, where each window frames a picturesque view of Newport Harbor’s turning basin and main channel, a never ending panorama of paddler's, yachts and spectacular sunrises and sunsets. The spacious great room is a vibrant spot for both relaxation and social gatherings, flowing effortlessly to the outdoor waterfront view deck.
The property features a private pier and dock capable of accommodating two boats, ideal for a Duffy cruise or boater eager to be on the water at a moment's notice. Whether it's swimming, sailing, paddle boarding, or simply enjoying the sunset, the opportunities for waterfront fun are endless.
For those who love a good walk, Newport Harbor Yacht Club, the Peninsula Library, and Balboa Pier are just a short stroll away, along with an array of waterside restaurants, attractions, and vibrant nightlife options. Fancy a bicycle ride on the beach boardwalk, surfing at the beach, or an afternoon at the famed Fun Zone? It’s all just footsteps from your door.
Whether you are looking to move right in, plan a remodel, or envision a complete rebuild to create your ultimate dream home, this property offers a foundation of potential. Don’t miss out on the chance to own a slice of the Newport Beach lifestyle, where amazing adventures await around every corner—quite literally!
Sold for $5,700,000
Listed by: Pacific Sotheby’s International Realty • Steve High • Contact: 949-874-4724
Bought with: Pacific Sotheby's Int'l Realty
$5,700,000
501 W Edgewater Ave, Newport Beach, CA 92661
3beds
2,267sqft
Single Family Residence
Built in 1981
2,100 Square Feet Lot
$5,803,900 Zestimate®
$2,514/sqft
$7,932 Estimated rent
Home value
$5,803,900
$5.34M - $6.33M
$7,932/mo
Zestimate® history
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List your homeWhat's special
Waterfront funBayfront homePrivate pier and dockInterior spaceOutdoor waterfront view deckSpacious great roomAccommodating two boats
Zillow last checked:
Listing updated:
Listed by:
Steve High DRE #00936421 949-874-4724,
Pacific Sotheby’s International Realty,
Timothy Carr DRE #01017277 949-631-9999,
Pacific Sotheby's Int'l Realty
Bought with:
Timothy Carr, DRE #01017277
Pacific Sotheby's Int'l Realty
Source: CRMLS,MLS#: LG24236634
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Great Room, Loft, Primary Bedroom
Primary bedroom
- Features: Primary Suite
Bathroom
- Features: Tile Counters
Kitchen
- Features: Tile Counters
Heating
- Central
Cooling
- None
Appliances
- Included: Dishwasher
- Laundry: Inside
Features
- Beamed Ceilings, Breakfast Bar, Balcony, Ceramic Counters, Living Room Deck Attached, Open Floorplan, Tile Counters, Unfurnished, Bar, Loft, Primary Suite
- Flooring: Carpet, Tile
- Doors: French Doors
- Windows: French/Mullioned
- Has fireplace: Yes
- Fireplace features: Gas, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,267 sqft
Property
Parking
- Total spaces: 2
- Parking features: Door-Single, Garage
- Attached garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Three Or More
- Stories: 3
- Entry location: Ground
- Patio & porch: Deck, Patio, Rooftop
- Exterior features: Dock
- Pool features: None
- Spa features: None
- Fencing: Stucco Wall
- Has view: Yes
- View description: City Lights, Coastline, Harbor, Marina, Ocean, Pier, Water
- Has water view: Yes
- Water view: Coastline,Harbor,Marina,Ocean,Pier,Water
- Waterfront features: Beach Access, Beach Front, Bayfront, Seawall
Lot
- Size: 2,100 Square Feet
- Features: Corner Lot, Cul-De-Sac, Rectangular Lot, Walkstreet
Details
- Parcel number: 04805201
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Spanish
- Property subtype: Single Family Residence
Materials
- Stucco
- Roof: Tile
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Electric: 220 Volts in Garage
- Sewer: Sewer Tap Paid
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities
Community & HOA
Community
- Features: Biking, Fishing, Storm Drain(s), Street Lights, Sidewalks, Water Sports
- Subdivision: Balboa Peninsula (Residential) (Balp)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $2,514/sqft
- Tax assessed value: $1,435,001
- Annual tax amount: $15,368
- Date on market: 11/21/2024
- Cumulative days on market: 98 days
- Listing terms: Cash,Cash to New Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/14/2025 | Sold | $5,700,000-8.8%$2,514/sqft |
Source:  CRMLS #LG24236634 Report a problem | ||
| 4/1/2025 | Pending sale | $6,250,000$2,757/sqft |
Source: CRMLS #LG24236634 Report a problem | ||
| 3/1/2025 | Contingent | $6,250,000$2,757/sqft |
Source: CRMLS #LG24236634 Report a problem | ||
| 11/21/2024 | Listed for sale | $6,250,000$2,757/sqft |
Source: CRMLS #LG24236634 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,368 +1.6% | $1,435,001 +2% |
| 2024 | $15,122 +2.4% | $1,406,864 +2% |
| 2023 | $14,766 +1.7% | $1,379,279 +2% |
| 2022 | $14,517 +2% | $1,352,235 +2% |
| 2021 | $14,239 +0.5% | $1,325,721 +1% |
| 2020 | $14,175 | $1,312,128 +2% |
| 2019 | $14,175 +2.6% | $1,286,400 +2% |
| 2018 | $13,811 +3.9% | $1,261,177 +2% |
| 2017 | $13,295 | $1,236,449 +2% |
| 2016 | $13,295 +2.3% | $1,212,205 +1.5% |
| 2015 | $12,997 +3.4% | $1,193,997 +2% |
| 2014 | $12,568 | $1,170,609 +0.5% |
| 2013 | -- | $1,165,319 +2% |
| 2012 | -- | $1,142,470 +2% |
| 2011 | -- | $1,120,069 +0.8% |
| 2010 | -- | $1,111,698 -0.2% |
| 2009 | -- | $1,114,340 +2% |
| 2008 | -- | $1,092,491 +2% |
| 2007 | -- | $1,071,070 +2% |
| 2006 | -- | $1,050,069 +2% |
| 2005 | -- | $1,029,480 +2% |
| 2004 | -- | $1,009,295 +1.9% |
| 2003 | -- | $990,797 +2% |
| 2002 | -- | $971,370 +2% |
| 2001 | $9,685 +2.6% | $952,324 +2% |
| 2000 | $9,440 | $933,651 |
Find assessor info on the county website
Neighborhood: 92661
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Nearby schools
GreatSchools rating
- 8/10Newport Elementary SchoolGrades: K-6Distance: 0.7 mi
- 9/10Horace Ensign Intermediate SchoolGrades: 7-8Distance: 1.1 mi
- 9/10Newport Harbor High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$5,803,900
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Estimated market value
$5,803,900
- California
- Orange County
- Newport Beach
- 92661
- 501 W Edgewater Ave
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