WaterfrontBay Front, Dock Access, Navigable Water, Seawall
FireplaceGas Starter, Living Room, Primary Bedroom
ViewBay, City Lights, Harbor, Mountain(s), Neighborhood, Panoramic, Water
MLS #NP24243407
Lot Size0.06 Acres
StatusActive
About 505 W Edgewater Ave
Situated in a premier and rarely available Bayfront location with captivating Newport Harbor turning basin views, this exquisitely remodeled and immaculately designed four bedroom, four-and-a-half-bath home embraces traditional East Coast elegance and style at every turn. Poised on a forty-foot-wide waterfront lot along the charming tree-lined walkway near Bay Island, this magical residence displays the timeless character of a classic New England beach house. Past the Dutch door entry, the well-proportioned living room is highlighted by a fireplace, gleaming millwork and exceptional ceiling detail. Designed for entertaining the foyer, living, dining and kitchen areas flow from one to the next and adjoin the sunny bay front terrace replete with Hestan grill. For the true gourmand, the professional-grade kitchen is anchored by a handcrafted walnut island and features generous prep and storage areas, abundant refrigeration, and an impressive BlueStar range and oven. Adjoining the kitchen, the jewel-box butler’s pantry shimmers with lacquer-finish wood paneled walls, and houses additional storage, refrigeration, and a commercial ice maker. A graceful staircase ascends to the second floor. Here, the serene primary suite embraces water views from ever vantage point and is highlighted by a separate sitting room with cozy fireplace, a private terrace, artisan millwork, and a luxurious spa bath with stone-clad walls and custom mosaic marble details. Two beautifully appointed, grand-scale guest rooms, each with walk-in closet and en-suite bath, and a den/office complete the second level of the home. An additional guest suite with private bath is thoughtfully located on the first floor of the residence. Enjoying panoramic views of the harbor, sparkling city lights, and the San Bernadino mountains in the distance, this gracious home with its timeless architectural appeal presents a rare opportunity to enjoy truly turn-key waterfront living. Dine al fresco on the terrace or relax with a glass of wine on your private dock at sunset. This one-of-a-kind property invites you to slow down, relax, and enjoy all that makes this one of Newport Beach’s most desired locations.
Property Details
Property Features
Property Information:
Architectural Style: Cape Cod
Year Built: 2004
Stories: 2
Living Area: 3,208 SqFt
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (949) 478-7781
Listing Agent: Tara Foster Shapiro
Interior Features
Interior Information:
Appliances: Stove, Range, Double Oven, Dishwasher, Freezer, Gas Cooktop, Disposal, Ice Maker, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Water Heater, Dryer
Flooring Type: Wood
Interior: Beamed Ceilings, Wet Bar, Built-in Features, Balcony, Crown Molding, Cathedral Ceiling(s), High Ceilings, Pantry, Quartz Counters, Stone Counters, Recessed Lighting, See Remarks, Storage, Bedroom on Main Level, Entrance Foyer, Primary Suite, Walk-In Closet(s)
Fireplace: Gas Starter, Living Room, Primary Bedroom
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 4
Total Bedroom Count: 4
Exterior Features
Exterior Information:
Private Pool: No
Waterfront: Bay Front, Dock Access, Navigable Water, Seawall
View: Bay, City Lights, Harbor, Mountain(s), Neighborhood, Panoramic, Water
Exterior: Awning(s), Barbecue, Lighting
Parking Information:
Garage Space: 2 spaces
Attached Garage: Yes
Parking: Direct Access, Driveway Level, Door-Single, Garage, Garage Faces Rear, See Remarks
Virtual/3D Tour
Virtual Tour: 505 W Edgewater Ave
Virtual Tour
Lot Features
Lot Information:
Lot: Landscaped
Lot Size: 0.06 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Cooling: Central Air, Zoned
Other
Directions Information:
Directions: E. Balboa Blvd to Island St. - Island to Bayfront - Turn left to property
Price Information
Listing Price Info
Price Summary:
List Price: $15,000,000
Price Per SqFt: $4,676/SqFt
Tax Information:
Annual Amount: $65,422
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Newport Beach, CA.
This property is $11.5M more than the Median Sold Price and $3.2K/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: #NP24243407
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (949) 478-7781
Listing Agent: Tara Foster Shapiro
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: 12/18/2024, 2:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Feb 28, 2019
Feb 28, 2019Home Sold
$6,000,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$65,422
$6,183,403
2020
$64,794
$6,120,000
2019
$63,319
$5,991,685
2018
$63,319
$5,991,685
2017
$62,197
$5,874,201
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$74.9K
Per Month
Principal & Interest
$74.8K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$45K
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Newport Elementary School
1327 W Balboa Blvd
Distance between this listing and this school0.71 miles
Public District Grades KG-6
7
/10
Newport Heights Elementary School
300 E 15th St
Distance between this listing and this school1.71 miles
Public District Grades KG-6
7
/10
Mariners Elementary School
2100 Mariners Dr
Distance between this listing and this school1.77 miles
Public District Grades KG-6
Nearby Schools
8
/10
Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school1.11 miles
Public District Grades 7-8
9
/10
Vista Verde K - 8 School
6 Federation Way
Distance between this listing and this school4.82 miles
Public District Grades KG-8
7
/10
Isaac L. Sowers Middle School
9300 Indianapolis Ave
Distance between this listing and this school5.27 miles
Public District Grades 6-8
Nearby Schools
7
/10
Newport Harbor High School
600 Irvine Ave
Distance between this listing and this school1.27 miles
Public District Grades 9-12
8
/10
Corona Del Mar Middle and High School
2101 Eastbluff Dr
Distance between this listing and this school2.55 miles
Public District Grades 7-12
10
/10
Early College High School
2990 Mesa Verde Dr E
Distance between this listing and this school3.42 miles
The neighbors living near this home have an average income of $105,357. Most Newport Beach, CA residents have annual incomes between $100k-200k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 505 W Edgewater Ave
What is the listing price of this property?
The listing price of 505 W Edgewater Ave property is $15,000,000.
What type of property is this?
The property 505 W Edgewater Ave is a house located in Newport Beach, California, 92661.
Is this property for sale now?
Active Listing: 505 W Edgewater Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $65,422 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on February 28, 2019 for $6,000,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 505 W Edgewater Ave has 4 bedrooms and 4 full and 1 half bathrooms.
What is the square footage of this property?
The property 505 W Edgewater Ave is 3,208 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 505 W Edgewater Ave is 2004.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 505 W Edgewater Ave in Newport Beach, CA and zip code 92661 in the Central Newport Beach neighborhood. This 3,208 square foot home, which was built in 2004, sits on a 0.06 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since December 03, 2024 and is currently priced at $15,000,000.
Over 9 listings were sold over their listed price in November 2024 in Newport Beach, CA. In the same period over 48 listings were sold below the listed price and 14 listings were sold for the listed price. The inventory of homes for sale in Newport Beach, CA between October 2024 and November 2024 decreased by 2.5%. While the average time on the market in November 2024 was 43 days, the median list price was $3,500,000.
From Rocket Homes Real Estate and based on county public records data.
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. 
Art Museums
Art Museums
Live Theatre
Music Concerts
Bloomingdales
H&M
Banana Republic
Starbucks
Boston Market
Chipotle
Audi
Mercedes
Volkswagen
News
Rhythmic Contemporary Hits