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Sold for $4,100,000
  • Listed by: RE/MAX College Park Realty • Steven Miles • Contact: 714-786-8221
    Bought with: RE/MAX College Park Realty
    $4,100,000

    5505 River Ave, Newport Beach, CA 92663

    3beds
    2,326sqft
    Single Family Residence
    Built in 2017
    2,326 Square Feet Lot
    $4,778,100 Zestimate®
    $1,763/sqft
    $7,734 Estimated rent

    Home value

    $4,778,100

    $4.35M - $5.26M

    $7,734/mo

    Zestimate® history
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    What's special

    Modern homeSide yardSecond - story deckNewly remodeled homePrivate deckFront patioPrimary suite
    Location , Location , Location!! A rarely available modern ocean-view home located just steps away from the sand! This newly remodeled home on a premier corner location offers ultra-luxurious beach living with three bedrooms, three baths, a bonus room, and an oversized first-floor patio. There are decks on each level, including one on the rooftop, that offer plenty of space for entertaining or relaxing while taking in the white water views. This modern home features an open-concept gourmet kitchen with a 6-burner Wolf gas range, a built-in Wolf microwave combo, a Bosch dishwasher, a Sub-Zero refrigerator, custom cabinetry, porcelain slab countertops and backsplash, and an impressive oversized kitchen island. The kitchen opens to the living and dining rooms and a second-story deck. The primary suite, which occupies the entire third level, is the perfect retreat with high ceilings, a private deck, and an incredible spa-like bath with custom stonework, dual sinks, a soaking tub, a walk-in shower, and two walk-in closets with custom built-ins. Other amenities include new wide-plank engineered hardwood flooring, security surveillance, a custom outdoor kitchen with Twin Eagles appliances, an in-ground fire pit, dual tankless water heaters, a water softener system, a fully enclosed outdoor shower, and much more. The front patio and side yard are fully landscaped with sitting areas and a fountain. There is a two-car garage, and additional community guest parking spots are available. Enjoy beach living at its finest with the amenities of the Echo 56 Community, complete with private parking, landscaped walkways, and access to the best beach and surf in Newport Beach. This property is truly ideal as a primary residence or vacation home.

    Zillow last checked:

    Listing updated:

    Listed by:

    Steven Miles DRE #01735350 714-786-8221,

    RE/MAX College Park Realty

    Bought with:

    Steven Miles, DRE #01735350

    RE/MAX College Park Realty

    Source: CRMLS,MLS#: PW24094250MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Rooms
    • Room types: Bedroom, Laundry, Living Room, Wine Cellar
    Bedroom
    • Features: Bedroom on Main Level
    Cooling
    • Central Air
    Appliances
    • Included: Dryer, Washer
    • Laundry: Laundry Room
    Features
    • Bedroom on Main Level, Wine Cellar
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 2,326 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    • Attached garage spaces: 2
    Features
    • Levels: Three Or More
    • Stories: 3
    • Entry location: First Floor
    • Pool features: None
    • Has view: Yes
    • View description: Bluff, Catalina, Coastline, Ocean, Water
    • Has water view: Yes
    • Water view: Coastline,Ocean,Water
    Lot
    • Size: 2,326 Square Feet
    • Features: Drip Irrigation/Bubblers, Sprinklers Timer
    Details
    • Parcel number: 93061516
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 2017

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Biking, Street Lights, Sidewalks
    • Subdivision: ,Other
    HOA
    • Has HOA: Yes
    • Amenities included: Trail(s)
    • HOA fee: $235 monthly
    • HOA name: Echo 56
    • HOA phone: 949-367-9430
    Location
    • Region: Newport Beach

    Financial & listing details

    • Price per square foot: $1,763/sqft
    • Tax assessed value: $4,265,640
    • Date on market: 5/9/2024
    • Cumulative days on market: 134 days
    • Listing terms: Cash,Cash to New Loan,Conventional
    • Exclusions: All personal property

    Price history

    DateEventPrice
    5/8/2024Sold$4,100,000+32.3%$1,763/sqft
    Source: CRMLS #PW24094250 Report a problem
    11/30/2021Sold$3,100,000+0%$1,333/sqft
    Source: Public Record Report a problem
    11/16/2021Contingent$3,099,000$1,332/sqft
    Source: CRMLS #NP21106582 Report a problem
    10/14/2021Price change$3,099,000-3.1%$1,332/sqft
    Source: CRMLS #NP21106582 Report a problem
    10/13/2021Listed for sale$3,199,000+18.5%$1,375/sqft
    Source: CRMLS #NP21106582 Report a problem
    8/25/2020Sold$2,700,000-3.4%$1,161/sqft
    Source: CRMLS #NP20106406 Report a problem
    8/3/2020Pending sale$2,795,000$1,202/sqft
    Source: Surterre Properties Inc. #NP20106406 Report a problem
    6/5/2020Listed for sale$2,795,000+11.8%$1,202/sqft
    Source: Surterre Properties Inc. #NP20106406 Report a problem
    12/18/2017Sold$2,500,000$1,075/sqft
    Source: CRMLS #NP17166385 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $4,265,640 +2%
    2025$44,216 +28.7%$4,182,000 +29.7%
    2024$34,350 +2.7%$3,225,240 +2%
    2023$33,449 -5.9%$3,162,000 +2%
    2022$35,532 +23.5%$3,100,000 +14.8%
    2021$28,767 +3.7%$2,700,000 +3.8%
    2020$27,741 $2,601,000 +2%
    2019$27,741 +2.1%$2,550,000 +2%
    2018$27,165 +10.2%$2,500,000 +11.2%
    2017$24,649 $2,247,548
    Find assessor info on the county website

    Neighborhood: 92663

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Newport
    • Middle: Ensign
    • High: Newport Harbor

    Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $4,778,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $4,778,100