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502 W Balboa Blvd, Newport Beach, CA 92661
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502 W Balboa Blvd Newport Beach, CA 92661

$2,995,000 Sold Price as of 02/17/2022
  • 3 Beds
  • 3.5 Baths
  • 2,485 Sq.Ft.
Sold
$2,995,000 Sold Price as of 02/17/2022 Refinance Your Mortgage
Map preview of 502 W Balboa Blvd, Newport Beach, CA 92661

Property Overview: 502 W Balboa Blvd Newport Beach, CA has 3 bedrooms, 3.5 bathrooms, 2,485 living square feet and 2,102 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Ocean views! This light and bright work-live residence is located in the heart of the peninsula. Enjoy the day-to-night livability with everything just a short distance away. The ground floor offers approx 737 SF of commercial space or home office area. Upstairs is the open concept kitchen, living room followed by two spacious bedrooms and a guest bath. The third level features the master suite, with huge private deck with ocean views. This home is complete with 4 car parking! 2-car garage, 2 carport – there is no better place to work, live and play – day or night. Completion fall 2021

Listed by Tara McNabb | BRE #01871729 | Compass
Last checked: 4 minutes ago | Last updated: February 18th, 2022 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft
2,102
HOA Dues
$0/mo
Year built
2021
Garage
2 Car
Property Type:
Mixed Use
Status
Sold
MLS#
OC21128985
City
Newport Beach
County
Orange
Time on Site
1048 days

Property Details for 502 W Balboa Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • Has Fireplace
  • Family Room
Room Information
  • Downstairs Bedrooms: 2
  • Downstairs Bathrooms: 2
  • Kitchen, Laundry, Master Bathroom, Office
Bathroom Information
  • # of Baths (Full): 3
  • # of Baths (1/2): 1
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage
  • Has Attached Garage
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Builder
  • Common Interest: None
Property Information
  • Has View
  • View: Ocean, Panoramic
  • Common Walls: 1 Common Wall
  • Total # of Units: 1
  • Parcel Number: 04807118
  • Year Built Source: Builder
  • Property is 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 (Residential) (BALP)
  • Directions: W Balboa to Island ave.
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Newport Beach Agent

Sale History for 502 W Balboa Blvd

Last sold for $2,995,000 on February 17th, 2022

  • January, 2022

  • Jan 1, 2022

    Date

    Pending

    CRMLS: OC21128985

    $2,995,000

    Price

  • Jul 26, 2021

    Date

    Active Under Contract

    CRMLS: OC21128985

    $2,995,000

    Price

  • Jun 14, 2021

    Date

    Active

    CRMLS: OC21128985

    $2,995,000

    Price

  • May, 2021

  • May 1, 2021

    Date

    Expired

    CRMLS: OC21044598

    $2,995,000

    Price

  • Mar 3, 2021

    Date

    Active

    CRMLS: OC21044598

    $2,995,000

    Price

  • Listing provided courtesy of CRMLS

  • May, 2018

  • May 17, 2018

    Date

    Sold

    CRMLS: NP17057077

    $1,617,000

    Price

  • May 9, 2018

    Date

    Pending

    CRMLS: NP17057077

    $875,000

    Price

  • May 7, 2018

    Date

    Active Under Contract

    CRMLS: NP17057077

    $875,000

    Price

  • Mar 2, 2018

    Date

    Active

    CRMLS: NP17057077

    $875,000

    Price

  • Jan 22, 2018

    Date

    Active Under Contract

    CRMLS: NP17057077

    $875,000

    Price

  • Dec 1, 2017

    Date

    Price Change

    CRMLS: NP17057077

    $875,000

    Price

  • Mar 20, 2017

    Date

    Active

    CRMLS: NP17057077

    $975,000

    Price

  • Listing provided courtesy of CRMLS

    This redevelopment opportunity is located at 502 West Balboa (apn# 048-071-18) & 504 West Balboa (apn# 048-071-17). Two separate legal parcels in the heart of Newport Beach on the Peninsula for $975,000 each lot. This is the ideal opportunity to build two homes. Zoning MU-V Mixed Use Vertical.

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Tax History for 502 W Balboa Blvd

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

502 W Balboa Blvd sold on February 17, 2022 for 14.05% higher than the current median sold price for the city of Newport Beach which is $2,626,000. The median sold price per/sqft for Newport Beach is $1,073 and this home is sold at $1205.23 per/sqft which puts the price per square foot 12.32% higher than the current median sale per square foot for the city of Newport Beach.

About 502 W Balboa Blvd

Detailed summary of property

502 W Balboa Blvd is a mixed use that recently sold in Newport Beach, CA 92661. This mixed use property offered 3 bedrooms, 3.5 bathrooms, roughly 2,485 living square feet, and sits on an approximately 2,102 square foot lot. 502 W Balboa Blvd was first listed on ArdentRealEstateGroup.com on June 15, 2021. The homeowner sold the property for $2,995,000. Home in Newport Beach are selling for a median price of $2,626,000 and a median price per square foot of $1,073. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 14.05% higher than the current median priced home. Local homes that are currently for sale include 820 Lime Ave, 1065 Olive Ave and 1756 Pacific Ave. While the average home in Newport Beach, CA is selling in 72 days, 502 W Balboa Blvd has a days on market of 35 days. There are currently 266 homes for sale in the Newport Beach real estate market and 196 of them are single family homes while 56 of them are condos and 14 are townhomes. For more information on this home for sale at 502 W Balboa Blvd 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 502 W Balboa Blvd

Public county record property details
Beds
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Baths
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Year built
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Sq. Ft.
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Lot Size
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Stories
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Type
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Pool
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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
$6,595,000
Median List Price/Sq.Ft.
$2,183
Median Sold Price
$11,100,000
Median Sold Price/Sq.Ft.
$2,775
Total Inventory
44
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 502 W Balboa Blvd

514 W Balboa Blvd, Newport Beach, CA 92661
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514 W Balboa Blvd
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1613 W Balboa Blvd, Newport Beach, CA 92663
$2,300,000 Last Sold Price
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4 Baths
2436 Sq.Ft.
1613 W Balboa Blvd
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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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