505 L St, Newport Beach, CA 92661
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505 L St Newport Beach, CA 92661

$3,750,000 Sold Price as of 02/05/2020
  • 4 Beds
  • 5.5 Baths
  • 3,223 Sq.Ft.
Sold
$3,750,000 Sold Price as of 02/05/2020 Refinance Your Mortgage

Map preview of 505 L St, Newport Beach, CA 92661

Property Overview: 505 L St Newport Beach, CA has 4 bedrooms, 5.5 bathrooms, 3,223 living square feet and 3,523 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 505 L Street is just a short walk from the bay and ocean in the exclusive Peninsula Point community of Newport Beach. This remarkable brand new construction boasts a contemporary European farmhouse feel on all three levels. This 4 bedroom, 5.5 bathroom home was just completed and spans over 3,200 sq.ft. Quality craftsmanship and attention to every detail can be seen throughout the home with premium Warren Christopher wire brushed, wide plank European Oak wood flooring, lovely Ann Sacks and Walker Zanger tile throughout and interior design by Serendipite Designs. The ideal open floor plan allows for carefree living or elegant entertaining: the main living area on the first floor includes a living room with fireplace, an open kitchen, dining area and main level guest suite. The gourmet kitchen is complete with quartzite countertops, a full height limestone backsplash, concrete farmhouse sink and professional grade appliances including a gorgeous La Cornue Cornufe 43” dual fuel range in Provence Blue with custom hood. The second level features a luxurious master retreat with balcony and spa-quality bath, two additional bedroom suites plus a bonus entertainment and office area. A spacious third floor California room with sunset view deck and full bath make this home the perfect beach house. A stone patio and two car garage with epoxy finish complete this incredible new construction opportunity by Rincon Homes.

Listed by Kimberly Bibb | BRE #01210754 | Villa Real Estate
Last checked: 2 minutes ago | Last updated: September 29th, 2021 | Source CRMLS | DOM: 456

Home details

Lot Sq. Ft
3,523
HOA Dues
$0/mo
Year built
2018
Garage
2 Car
Property Type:
Single Family Home
Status
Sold
MLS#
NP18229167
City
Newport Beach
County
Orange
Time on Site
1382 days

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Property Details for 505 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: 1
  • Downstairs Bathrooms: 1
  • Eating Area: Dining Room, In Kitchen, In Living Room
  • Flooring: Wood
  • Bonus Room, Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, See Remarks, Walk-In Closet, Walk-In Pantry
Kitchen Information
  • Has Appliances
  • 6 Burner Stove, Dishwasher, Disposal, Microwave, Refrigerator
  • Kitchen Island
Bathroom Information
  • # of Baths (Full): 5
  • # of Baths (1/2): 1
  • # of Baths (1/4): 0
Interior Features
  • 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: 04824042
  • 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 To L Street.
Neighborhood Information
  • Community Features: Curbs
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Sale History for 505 L St

Last sold for $3,750,000 on February 5th, 2020
  • February, 2020

  • Feb 5, 2020

    Date

    Sold

    CRMLS: NP18229167

    $3,750,000

    Price

  • Jan 31, 2020

    Date

    Pending

    CRMLS: NP18229167

    $3,995,000

    Price

  • Jan 3, 2020

    Date

    Active Under Contract

    CRMLS: NP18229167

    $3,995,000

    Price

  • Jan 1, 2020

    Date

    Sold

    CRMLS: NP18229167

    $3,750,000

    Price

  • Dec 27, 2019

    Date

    Active Under Contract

    CRMLS: NP18229167

    $3,995,000

    Price

  • Mar 14, 2019

    Date

    Price Change

    CRMLS: NP18229167

    $3,995,000

    Price

  • Jan 4, 2019

    Date

    Active

    CRMLS: NP18229167

    $4,295,000

    Price

  • Jan 1, 2019

    Date

    Expired

    CRMLS: NP18229167

    $4,295,000

    Price

  • Sep 20, 2018

    Date

    Active

    CRMLS: NP18229167

    $4,295,000

    Price

  • February, 2020

  • Feb 5, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,750,000

    Price

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Tax History for 505 L St

Assessed Value (2020): $2,735,782
Year Land Value Improved Value Assessed Value
2020 $1,881,334 $854,448 $2,735,782

Home Value Compared to the Market

This property vs the competition

505 L St sold on February 5, 2020 for 7.97% higher than the current median sold price for the city of Newport Beach which is $3,700,000. The median sold price per/sqft for Newport Beach is $1,360 and this home is sold at $1239.53 per/sqft which puts the price per square foot 8.86% lower than the current median sale per square foot for the city of Newport Beach.

About 505 L St

Detailed summary of property

505 L St is a single family home that recently sold in Newport Beach, CA 92661. This house offered 4 bedrooms, 5.5 bathrooms, roughly 3,223 living square feet, and sits on an approximately 3,523 square foot lot. 505 L St was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $3,750,000. Home in Newport Beach are selling for a median price of $3,700,000 and a median price per square foot of $1,360. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 7.97% higher than the current median priced home. Local homes that are currently for sale include 1312 Dover Dr, 1534 Santiago Dr and 1969 Vista Caudal. While the average home in Newport Beach, CA is selling in 74 days, 505 L St has a days on market of 456 days. There are currently 269 homes for sale in the Newport Beach real estate market and 201 of them are single family homes while 55 of them are condos and 13 are townhomes. For more information on this home for sale at 505 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 505 L St

Public county record property details
Beds
4
Baths
5
Year built
2017
Sq. Ft.
3,378
Lot Size
3,528
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
--
APN
048-240-51

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
$4,625,000
Median Sold Price/Sq.Ft.
$1,741
Total Inventory
45
Median Sale to List Price %
92.59%
Avg Days on Market
69
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (37.5%), Other (37.5%)

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Related Resources to 505 L 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.