WaterfrontBay Front, Dock Access, Navigable Water, Seawall
FireplaceGas Starter, Living Room, Primary Bedroom
ViewBay, City Lights, Harbor, Mountain(s), Neighborhood, Panoramic, Water
MLS #NP24157854
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: EQTY Forbes Global Properties
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?
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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: #NP24157854
Listing Office:
Office Name: EQTY Forbes Global Properties
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: 11/17/2024, 12:20:55 PM 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.
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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.
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. Residents of Newport Beach, CA typically earn between $100k-200k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
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.
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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 August 01, 2024 and is currently priced at $15,000,000.
While more than 6 listings in Newport Beach, CA in October 2024 were sold above asking price, there were more than 10 listings sold at asking price, and more than 52 were sold below. The number of homes for sale in Newport Beach, CA increased by 2.6% between September 2024 and October 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.
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. 
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