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501 L St, Newport Beach, CA 92661
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501 L St Newport Beach, CA 92661

$7,495,000
  • 4 Beds
  • 2.5 Baths
  • 3,275 Sq.Ft.
For Sale
$7,495,000 Get Pre-Qualified
Map preview of 501 L St, Newport Beach, CA 92661

Property Overview: 501 L St Newport Beach, CA has 4 bedrooms, 2.5 bathrooms, 3,275 living square feet and 3,510 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: Gracing a premier location just a short walk from the bay and ocean, 501 L Street offers a wonderful opportunity to own a home in the exclusive Balboa Peninsula Point community. Casual seaside living can be found on all three levels boasting high vaulted ceilings and inviting, sunlit rooms. This 4 bedroom, 5.5 bathroom home spans over 3,200 sqft, offering quality craftsmanship and attention to detail curated by Serendipite Design. The floor plan allows for carefree living or elegant entertaining on each level. The main living area on the first floor includes a living room with fireplace, an open chef's kitchen, a stunning island, spacious dining area, laundry/storage room, and a mud room. A media room, full bathroom, and spacious deck can be found on the third floor - the perfect place to take in the ocean breeze while enjoying the city lights and expansive views. This corner lot location allows for beautiful bright light to shine into most windows of the house. Capturing the simplicity of beach living combined with elegant entertaining - 501 L Street is a perfect full-time residence or beach retreat in a prime location.

Listed by Kimberly Bibb | BRE #01210754 | Coldwell Banker Realty
Last checked: 15 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 352
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Home details

Lot Sq. Ft
3,510
HOA Dues
$0/mo
Year built
2018
Garage
2 Car
Property Type:
Single Family Home
Status
Active
MLS#
NP23054981
City
Newport Beach
County
Orange
Time on Site
380 days

Open Houses for 501 L St

No upcoming open houses

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Property Details for 501 L St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Individual Room, Inside
Fireplace Information
  • Has Fireplace
  • Living Room, Master Bedroom
Room Information
  • Downstairs Bedrooms: 0
  • Downstairs Bathrooms: 1
  • Eating Area: Dining Room, In Kitchen, In Living Room
  • Flooring: Wood
  • All Bedrooms Up, Bonus Room, Living Room, Master Bathroom, Master Bedroom, See Remarks, Walk-In Closet, Walk-In Pantry
Kitchen Information
  • Has Appliances
  • 6 Burner Stove, Dishwasher, Disposal
Bathroom Information
  • # of Baths (Full): 2
  • # of Baths (1/2): 1
  • # of Baths (1/4): 0
  • # of Baths (3/4): 3
Interior Features
  • Pantry
  • Levels: Three Or More
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
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: City Lights
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 04824041
  • Year Built Source: Builder
  • 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
  • High School District: Newport Mesa Unified
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula Point (BLPP)
  • Directions: Balboa Blvd. To L Street.
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Newport Beach Agent

Sale History for 501 L St

Last sold for $4,000,000 on May 24th, 2019

  • April, 2024

  • Apr 14, 2024

    Date

    Expired

    CRMLS: NP23190555

    $20,000

    Price

  • Oct 13, 2023

    Date

    Active

    CRMLS: NP23190555

    $20,000

    Price

  • Listing provided courtesy of CRMLS

    Gracing a premier location just a short walk from the bay and ocean, 501 L Street offers a wonderful unique opportunity to rent a home in the exclusive Balboa Peninsula Point community. Casual seaside living can be found on all three levels boasting high vaulted ceilings and inviting, sunlit rooms. This 4 bedroom, 5.5 bathroom home spans over 3,200 sqft, offering quality craftsmanship and attention to detail curated by Serendipite Design. The floor plan allows for carefree living or elegant entertaining on each level. The main living area on the first floor includes a living room with fireplace, an open chef's kitchen, a stunning island, spacious dining area, laundry/storage room, and a mud room. A media room, full bathroom, and spacious deck can be found on the third floor - the perfect place to take in the ocean breeze while enjoying the city lights and expansive views. This corner lot location allows for beautiful bright light to shine into most windows of the house. Capturing the simplicity of beach living combined with elegant entertaining - 501 L Street is a one of kind lease opportunity.

  • November, 2023

  • Nov 13, 2023

    Date

    Canceled

    CRMLS: NP23161504

    $6,950,000

    Price

  • Aug 30, 2023

    Date

    Active

    CRMLS: NP23161504

    $6,950,000

    Price

  • Listing provided courtesy of CRMLS

  • April, 2023

  • Apr 11, 2023

    Date

    Active

    CRMLS: NP23054981

    $7,495,000

    Price

  • May, 2019

  • May 24, 2019

    Date

    Sold

    CRMLS: NP19122110

    $4,000,000

    Price

  • May 24, 2019

    Date

    Active

    CRMLS: NP19122110

    $4,000,000

    Price

  • Listing provided courtesy of CRMLS

    Gracing a premier location just a short walk from the bay and ocean in the exclusive Peninsula Point community of Newport Beach, 501 L Street offers a wonderful opportunity to own a brand new home. Casual seaside living is found on three levels with high vaulted ceilings and inviting, sunlit rooms. This 4 bedroom, 5.5 bathroom home was just completed and spans over 3,200 sq. ft.. Offering quality craftsmanship and attention to detail done by Serendipite Design; the floor plan allows for carefree living or elegant entertaining on each level. The main living area on the first floor includes a living room with fireplace, a open chefs kitchen, a stunning island, spacious dining area, laundry/storage room and a mud room. The home offers 4 bedrooms and 3 bathrooms on the second level along with a media room at the top of the stairs. The corner lot location allows beautiful bright light to shine into most windows of the house. A third floor bonus room and entraining space off the oversized roof top deck provides the perfect place to take in the ocean breeze while enjoying the city lights and views. This home captures the simplicity of beach living combined with elegant entertaining - a perfect full-time residence or beach retreat. A 2-car garage completes this fabulous new construction opportunity by Rincon Homes.

  • January, 2019

  • Jan 23, 2019

    Date

    Sold (Public Records)

    Public Records

    $4,000,000

    Price

  • September, 2018

  • Sep 20, 2018

    Date

    Expired

    CRMLS: NP18151806

    $4,395,000

    Price

  • Jul 11, 2018

    Date

    Active

    CRMLS: NP18151806

    $4,395,000

    Price

  • Listing provided courtesy of CRMLS

    Gracing a premier location just a short walk from the bay and ocean in the exclusive Peninsula Point community of Newport Beach, 501 L Street offers a wonderful opportunity to own a brand new home. Casual seaside living is found on three levels with high vaulted ceilings and inviting, sunlit rooms. This 4 bedroom, 5.5 bathroom home was just completed and spans over 3,200 sq. ft.. Offering quality craftsmanship and attention to detail done by Serendipite Design; the floor plan allows for carefree living or elegant entertaining on each level. The main living area on the first floor includes a living room with fireplace, a open chefs kitchen, a stunning island, spacious dining area, laundry/storage room and a mud room. The home offers 4 bedrooms and 3 bathrooms on the second level along with a media room at the top of the stairs. The corner lot location allows beautiful bright light to shine into most windows of the house. A third floor bonus room and entraining space off the oversized roof top deck provides the perfect place to take in the ocean breeze while enjoying the city lights and views. This home captures the simplicity of beach living combined with elegant entertaining - a perfect full-time residence or beach retreat. A 2-car garage completes this fabulous new construction opportunity by Rincon Homes.

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Tax History for 501 L St

Assessed Value (2020): $4,080,000
Year Land Value Improved Value Assessed Value
2020 $2,905,444 $1,174,556 $4,080,000

Home Value Compared to the Market

This property vs the competition

501 L St is listed 74.34% 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 $2288.55 per/sqft which puts the price per square foot 51.96% higher than the median price per square foot for the city of Newport Beach.

About 501 L St

Detailed summary of property

501 L 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 3,275 living square feet, and sits on an approximately 3,510 square foot lot. 501 L St was first listed on ArdentRealEstateGroup.com on April 11, 2023. The homeowner is currently asking $7,495,000. 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 74.34% higher than the median priced home. Local competing homes currently for sale include 1123 E Balboa Blvd, 1003 E Balboa Blvd and 423 E Edgewater Ave. While the average home in Newport Beach, CA is selling in 75 days, 501 L St has a days on market of 352 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 501 L 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 501 L St

Public county record property details
Beds
4
Baths
5
Year built
2017
Sq. Ft.
3,491
Lot Size
3,528
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
--
APN
048-240-53

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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Recently Sold Homes Near 501 L St

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1909 E Bay Ave, Newport Beach, CA 92661
$7,950,000 Last Sold Price
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3 Baths
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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.

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