500 K St, Newport Beach, CA 92661
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500 K St Newport Beach, CA 92661

$5,500,000
  • 4 Beds
  • 2.5 Baths
  • 2,710 Sq.Ft.
For Sale
$5,500,000 Get Pre-Qualified

Map preview of 500 K St, Newport Beach, CA 92661

Property Overview: 500 K St Newport Beach, CA has 4 bedrooms, 2.5 bathrooms, 2,710 living square feet and 3,000 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Nestled within the highly coveted Balboa Peninsula Point community, this enchanting Cape Cod-style residence bathes in the warmth of abundant sunlight and mesmerizing bay vistas, promising an unparalleled coastal lifestyle. Crafted with adaptability in mind, its layout effortlessly flows between living and entertaining areas, making it equally ideal for year-round living or as a serene beachside getaway. The ground floor integrates distinct living and dining spaces alongside a gourmet island kitchen. At the same time, a snug den extends gracefully to a picturesque courtyard—an inviting setting for alfresco dining and relaxed BBQ gatherings. Ascending to the upper level reveals a haven of tranquility, comprising four bedrooms and a generously proportioned bonus/family room. The crown jewel is the expansive main suite, boasting a private terrace to enjoy bay views. Embracing the outdoors, a grand rooftop deck offers sweeping vistas in every direction. At the same time, a sun-drenched front patio provides an idyllic backdrop for entertaining family and friends. This coastal sanctuary is thoughtfully appointed with modern comforts, including central air conditioning and three fireplaces. An attached two-car garage also effortlessly caters to practical needs, completing the epitome of coastal living—a harmonious blend of timeless grace, contemporary luxuries, and irresistible seaside charm. Outdoor living takes center stage with a magnificent rooftop deck offering sweeping views in every direction and a sun-kissed front patio ideal for entertaining friends and family. Modern conveniences abound, including central air conditioning and three fireplaces. At the same time, an attached two-car garage effortlessly caters to practical needs, completing the picture of the quintessential beachside abode—a harmonious fusion of timeless elegance, contemporary comforts, and coastal allure.

Listed by Chiron Stewart | BRE #01997480 | Chiron Stewart, Broker
Last checked: 12 minutes ago | Last updated: March 17th, 2024 | Source CRMLS | DOM: 46
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Home details

Lot Sq. Ft
3,000
HOA Dues
$0/mo
Year built
1978
Garage
2 Car
Property Type:
Single Family Home
Status
Active
MLS#
PW24037245
City
Newport Beach
County
Orange
Time on Site
63 days

Open Houses for 500 K St

No upcoming open houses

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Property Details for 500 K St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • Has Fireplace
  • Family Room, Living Room, Primary Bedroom
Room Information
  • Downstairs Bedrooms: 0
  • Downstairs Bathrooms: 1
  • All Bedrooms Up, Kitchen, Laundry, Walk-In Closet
Bathroom Information
  • # of Baths (Full): 2
  • # of Baths (1/2): 1
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Attached Garage
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Bay
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 04824049
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Schools
School Information
  • Elementary School: Newport
  • Elementary School: NEWPOR
  • Middle/Junior High School: Ensign
  • Middle/Junior High School: ENSIGN
  • High School: Newport Harbor
  • High School: NEWHAR
  • High School District: Newport Mesa Unified
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula Point (BLPP)
  • Directions: East Balboa Blvd and K Street
Neighborhood Information
  • Community Features: Biking, Park, Watersports, Sidewalks, Storm Drains, Street Lights
View more facts & features

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Sale History for 500 K St

Last sold on February 27th, 2019
  • February, 2024

  • Feb 23, 2024

    Date

    Active

    CRMLS: PW24037245

    $5,500,000

    Price

  • February, 2019

  • Feb 27, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2018

  • Aug 29, 2018

    Date

    Canceled

    CRMLS: NP18187201

    $3,100,000

    Price

  • Aug 2, 2018

    Date

    Active

    CRMLS: NP18187201

    $3,100,000

    Price

  • Listing provided courtesy of CRMLS

    A bay view and a large lot...what more do you need? A delightful, traditional Cape Cod-Style home sited on a sunny corner lot within the sought after seaside community of Peninsula Point. Just steps from the bay front this spacious four bedroom home is well-suited as either a primary residence or beach getaway. A flexible floor plan and multiple living and entertaining areas afford a sense of space not found in many beach-close homes. The first floor features separate living and dining areas and an island kitchen with adjoining den that opens to a charming courtyard perfect for BBQ's and al fresco dining. Upstairs there are four bedrooms and a large bonus/family room. The spacious master suite enjoys its own private terrace with views of the bay. With no shortage of outdoor living space there is a wonderful roof-top deck with panoramic views in every direction, as well as a spacious sunny front patio perfect for entertaining and enjoying sit down views of the water front and the boats passing by. Central air, three fireplaces and an attached two car garage complete this ideal beach home.

  • July, 1997

  • Jul 22, 1997

    Date

    Sold (Public Records)

    Public Records

    $558,080

    Price

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Tax History for 500 K St

Assessed Value (2020): $1,065,826
Year Land Value Improved Value Assessed Value
2020 $767,009 $298,817 $1,065,826

Home Value Compared to the Market

This property vs the competition

500 K St is listed 27.94% higher than the median list price for the city of Newport Beach which has a median list price of $4,299,000. The median price per/sqft for Newport Beach is $1,506 and this home is listed at $2029.52 per/sqft which puts the price per square foot 34.76% higher than the median price per square foot for the city of Newport Beach.

About 500 K St

Detailed summary of property

500 K St is a single family home located in Newport Beach, CA 92661 and is currently for sale. This house offers 4 bedrooms, 2.5 bathrooms, roughly 2,710 living square feet, and sits on an approximately 3,000 square foot lot. 500 K St was first listed on ArdentRealEstateGroup.com on February 23, 2024. The homeowner is currently asking $5,500,000. The median priced home in Newport Beach is $4,299,000 with a median price per square foot of $1,506. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is listed 27.94% higher than the median priced home. Local competing homes currently for sale include 317 E Bay Ave, 1435 High Bluff Dr and 31 Cape Andover. While the average home in Newport Beach, CA is selling in 75 days, 500 K St has a days on market of 46 days. There are currently 260 homes for sale in the Newport Beach real estate market and 192 of them are single family homes while 54 of them are condos and 14 are townhomes. For more information on this home for sale at 500 K St Newport Beach, CA 92661 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 500 K St

Public county record property details
Beds
4
Baths
2
Year built
1977
Sq. Ft.
2,710
Lot Size
3,000
Stories
2
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
11
APN
048-240-49

The source for these homes facts are from public records.

92661 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$6,750,000
Median List Price/Sq.Ft.
$2,241
Median Sold Price
$11,100,000
Median Sold Price/Sq.Ft.
$2,775
Total Inventory
47
Median Sale to List Price %
94.11%
Avg Days on Market
174
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (33.33%)

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Related Resources to 500 K St

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.