505 W Edgewater Ave, Newport Beach, CA 92661
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505 W Edgewater Ave Newport Beach, CA 92661

$15,000,000
  • 4 Beds
  • 4.5 Baths
  • 3,208 Sq.Ft.
For Sale
$15,000,000 Get Pre-Qualified

Map preview of 505 W Edgewater Ave, Newport Beach, CA 92661

Property Overview: 505 W Edgewater Ave Newport Beach, CA has 4 bedrooms, 4.5 bathrooms, 3,208 living square feet and 2,800 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: 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.

Listed by Tara Foster Shapiro | BRE #01892201 | EQTY Forbes Global Properties
Last checked: 15 minutes ago | Last updated: August 23rd, 2024 | Source CRMLS | DOM: 38

Home details

Lot Sq. Ft
2,800
HOA Dues
$0/mo
Year built
2004
Garage
2 Car
Property Type:
Single Family Home
Status
Active
MLS#
NP24157854
City
Newport Beach
County
Orange
Time on Site
46 days

Open Houses for 505 W Edgewater Ave

No upcoming open houses

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Property Details for 505 W Edgewater Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Zoned
Heating Information
  • Has Heating
  • Forced Air, Natural Gas
Laundry Information
  • Has Laundry
  • Dryer Included, Individual Room, Inside, Upper Level, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Living Room, Primary Retreat, Gas Starter
Room Information
  • Downstairs Bedrooms: 1
  • Downstairs Bathrooms: 2
  • Eating Area: See Remarks
  • Flooring: Wood
  • Foyer, Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Suite, Retreat, See Remarks, Walk-In Closet
Kitchen Information
  • Has Appliances
  • 6 Burner Stove, Barbecue, Built-In Range, Dishwasher, Double Oven, Freezer, Disposal, Gas Cooktop, Ice Maker, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Water Heater
  • Butler's Pantry, Kitchen Island, Pots & Pan Drawers, Remodeled Kitchen, Self-closing cabinet doors, Self-closing drawers, Stone Counters, Utility sink
Bathroom Information
  • # of Baths (Full): 4
  • # of Baths (1/2): 1
Interior Features
  • Balcony, Beamed Ceilings, Built-in Features, Cathedral Ceiling(s), Crown Molding, High Ceilings, Pantry, Quartz Counters, Recessed Lighting, Stone Counters, Storage, Wet Bar
  • Levels: Two
  • Window Features: Custom Covering
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Awning(s), Barbecue Private, Lighting
  • Has Fence
  • Excellent Condition
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Patio
  • No Pool
  • Pool Features: None
  • Brick, Patio Open, See Remarks, Terrace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Direct Garage Access, Driveway Level, Garage Faces Rear, Garage - Single Door, See Remarks
  • Has Attached Garage
Lot Information
  • Lot Features: Landscaped, Level with Street, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Bay, City Lights, Harbor, Mountain(s), Neighborhood, Panoramic, See Remarks, Water
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 04805240
  • Year Built Source: Public Records
  • Architectural Style: Cape Cod
  • Entry Level: 1
  • Property is not Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Schools
School Information
  • High School District: Newport Mesa Unified
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Peninsula (Residential) (BALP)
  • Directions: E. Balboa Blvd to Island St. - Island to Bayfront - Turn left to property
Neighborhood Information
  • Community Features: Biking, Park, Watersports, Sidewalks, Street Lights, Urban
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Sale History for 505 W Edgewater Ave

Last sold for $6,000,000 on February 28th, 2019
  • August, 2024

  • Aug 1, 2024

    Date

    Active

    CRMLS: NP24157854

    $15,000,000

    Price

  • February, 2019

  • Feb 28, 2019

    Date

    Sold

    CRMLS: OC19004767

    $6,000,000

    Price

  • Feb 22, 2019

    Date

    Pending

    CRMLS: OC19004767

    $6,499,900

    Price

  • Feb 22, 2019

    Date

    Active

    CRMLS: OC19004767

    $6,499,900

    Price

  • Feb 18, 2019

    Date

    Hold

    CRMLS: OC19004767

    $6,499,900

    Price

  • Jan 14, 2019

    Date

    Active

    CRMLS: OC19004767

    $6,499,900

    Price

  • Listing provided courtesy of CRMLS

    PRICED BELOW APPRAISAL! WATERFRONT WITH 50 ft BOAT DOCK ON THE CHANNEL. WATER VIEWS, BRIDGE, BAY ISLAND, CITY LIGHTS AND SNOW CAPPED MOUNTAIN VIEWS! For discriminating buyers who want it all. Open floor plan with precision wood work throughout. Walls of glass for the extreme views. Culinary country French kitchen with farm sink, Viking commercial grade stove, Sub zero and wine refrig, microwave, butcher block center island and beautiful cabinetry and beaded board chefs desk/butlers pantry. Main floor bedroom with custom closets and private bathroom. Hemispherical dome for more natural lighting in the upstairs loft and staircase. Huge bedrooms upstairs that include walk in custom closets and their own private full bathrooms. Vaulted ceilings in one and Juliet balcony in the other. The master suite includes a vaulted open beam ceiling in both the bedroom and retreat area with beautiful fireplace,bookcase and viewing deck. Huge master suite with spa tub, separate shower and double sink vanities all with custom faucets, fixtures, flooring and counter tops. Massive walk in closet too. Rear yard and open patio area with open grass yard that leads to private boat dock and on the water informal dock dining. This dock can accommodate a sport fishing boat or a yacht! Paddle board, kayak just enjoy living in this exclusive area and all the water sports activities you desire! A perfect blend of luxury, elegance and Newport Style!

  • February, 2019

  • Feb 28, 2019

    Date

    Sold (Public Records)

    Public Records

    $6,000,000

    Price

  • April, 2004

  • Apr 16, 2004

    Date

    Sold (Public Records)

    Public Records

    $4,795,000

    Price

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Tax History for 505 W Edgewater Ave

Assessed Value (2020): $6,120,000
Year Land Value Improved Value Assessed Value
2020 $5,459,875 $660,125 $6,120,000

Home Value Compared to the Market

This property vs the competition

505 W Edgewater Ave is listed 242.54% higher than the median list price for the city of Newport Beach which has a median list price of $4,379,000. The median price per/sqft for Newport Beach is $1,539 and this home is listed at $4675.81 per/sqft which puts the price per square foot 203.82% higher than the median price per square foot for the city of Newport Beach.

About 505 W Edgewater Ave

Detailed summary of property

505 W Edgewater Ave is a single family home located in Newport Beach, CA 92661 and is currently for sale. This house offers 4 bedrooms, 4.5 bathrooms, roughly 3,208 living square feet, and sits on an approximately 2,800 square foot lot. 505 W Edgewater Ave was first listed on ArdentRealEstateGroup.com on August 1, 2024. The homeowner is currently asking $15,000,000. The median priced home in Newport Beach is $4,379,000 with a median price per square foot of $1,539. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is listed 242.54% higher than the median priced home. Local competing homes currently for sale include 39 Golden Eagle, 322 Emerald Bay and 32 Sage Creek. While the average home in Newport Beach, CA is selling in 94 days, 505 W Edgewater Ave has a days on market of 38 days. There are currently 269 homes for sale in the Newport Beach real estate market and 200 of them are single family homes while 55 of them are condos and 14 are townhomes. For more information on this home for sale at 505 W Edgewater Ave 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 W Edgewater Ave

Public county record property details
Beds
4
Baths
4
Year built
2003
Sq. Ft.
3,100
Lot Size
2,800
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
107,10
APN
048-052-40

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
$6,975,000
Median List Price/Sq.Ft.
$2,293
Median Sold Price
$3,400,000
Median Sold Price/Sq.Ft.
$1,656
Total Inventory
40
Median Sale to List Price %
85.11%
Avg Days on Market
50
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (66.67%), Other (33.33%)

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Related Resources to 505 W Edgewater Ave

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.