new - 2 days on rocket

501 W Edgewater Ave, Newport Beach, CA, 92661

$6,250,000

3 Bedrooms
3 Full Baths, 1 Partial
2,267 SqFt
$2,757/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingDoor-Single, Garage
Attached Garage2 spaces
Year Built1981
HeatingCentral
CoolingNone
WaterfrontBeach, Bay Front, Seawall
FireplaceGas, Living Room
ViewCity Lights, Other, Harbor, Marina, Ocean, Pier, Water
MLS #LG24236634
Lot Size0.05 Acres
StatusActive

About 501 W Edgewater Ave

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!

Property Details

Property Features

Property Information:

  • Architectural Style: Spanish
  • Year Built: 1981
  • Stories: 3
  • Living Area: 2,267 SqFt

Listing Office:

  • Office Name: Pacific Sotheby’s International Realty
  • Office Phone: (949) 874-4724
  • Listing Agent: Steve High

Interior Features

Interior Information:

  • Appliances: Dishwasher
  • Flooring Type: Carpet, Tile
  • Interior: Beamed Ceilings, Breakfast Bar, Balcony, Ceramic Counters, Living Room Deck Attached, Open Floorplan, Tile Counters, Unfurnished, Bar, Loft, Primary Suite
  • Fireplace: Gas, Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Beach, Bay Front, Seawall
  • View: City Lights, Other, Harbor, Marina, Ocean, Pier, Water
  • Exterior: Dock

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Door-Single, Garage

Lot Features

Lot Information:

  • Lot: Corner Lot, Cul-De-Sac, Rectangular Lot
  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: None

Other

Directions Information:

  • Directions: Newport Blvd to Balboa Blvd to Island Ave to Edgewater.

Price Information

Listing Price Info

Price Summary:

  • List Price: $6,250,000
  • Price Per SqFt: $2,757/SqFt
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Housing Market Comparison

See how this home compares to others in Newport Beach, CA.

Med. Sold Price

$3.4M

Med. Price/SqFt

$1,427

Avg. Days On Market

50

# of Sold Homes

68

501 W Edgewater Ave vs Newport Beach

2 DAYS ON ROCKET

-48 Days

$6,250,000

+$2.7M More

$2,757/SqFt

+$1.3K More

KEY TAKEAWAY

This property is $2.7M more than the Median Sold Price and $1.3K/SqFt more than other homes in Newport Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #LG24236634

Listing Office:

  • Office Name: Pacific Sotheby’s International Realty
  • Office Phone: (949) 874-4724
  • Listing Agent: Steve High

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/24/2024, 7:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$31.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$18.8K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1109040
8
/10
  • Newport Elementary School

  • 1327 W Balboa Blvd

  • 0.72 miles

  • Public District Grades KG-6

school-card-donut-1109041
7
/10
  • Newport Heights Elementary School

  • 300 E 15th St

  • 1.71 miles

  • Public District Grades KG-6

school-card-donut-1109042
7
/10
  • Mariners Elementary School

  • 2100 Mariners Dr

  • 1.77 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $105,357. The most common annual income of people living in Newport Beach, CA is between $100k-200k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 501 W Edgewater Ave

What is the listing price of this property?

The listing price of 501 W Edgewater Ave property is $6,250,000.

What type of property is this?

The property 501 W Edgewater Ave is a house located in Newport Beach, California, 92661.

Is this property for sale now?

Active Listing: 501 W Edgewater Ave is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 501 W Edgewater Ave has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 501 W Edgewater Ave is 2,267 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 501 W Edgewater Ave is 1981.
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Rocket HomesCaliforniaOrange CountyNewport Beach92661501 W Edgewater Ave

This home is located at 501 W Edgewater Ave in Newport Beach, CA and zip code 92661 in the Central Newport Beach neighborhood. This 2,267 square foot home, which was built in 1981, sits on a 0.05 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $6,250,000.

Newport Beach, CA housing market in October 2024 saw over 6 listings sold above listed price, more than 10 sold at listed price and over 52 sold below. In October 2024 in Newport Beach, CA there were 2.6% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $3,475,000, while the average time on the real estate market was 50 days.

From Rocket Homes Real Estate and based on county public records data.

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