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501 W Edgewater Ave, Newport Beach, CA 92661

Sale Price: $5,700,000
Nov 21, 20242,267 sqft3 beds4 baths
Listed by: Steve High
License #: 00936421
Phone #: 949-874-4724
Pacific Sotheby’s International Realty
Source:
CRMLS Logo
MLS #: LG24236634

Property Description

Discover waterfront living at its finest with this Spanish-revival 3-bedroom, 3-bathroom Balboa Peninsula bayfront home nestled on the shores of Newport Harbor. Boasting 2,267 square feet of interior space, this residence offers a unique blend of Newport Beach coastal fun. Step inside to find a layout designed for easy living and entertaining, where each window frames a picturesque view of Newport Harbor’s turning basin and main channel, a never ending panorama of paddler's, yachts and spectacular sunrises and sunsets. The spacious great room is a vibrant spot for both relaxation and social gatherings, flowing effortlessly to the outdoor waterfront view deck. The property features a private pier and dock capable of accommodating two boats, ideal for a Duffy cruise or boater eager to be on the water at a moment's notice. Whether it's swimming, sailing, paddle boarding, or simply enjoying the sunset, the opportunities for waterfront fun are endless. For those who love a good walk, Newport Harbor Yacht Club, the Peninsula Library, and Balboa Pier are just a short stroll away, along with an array of waterside restaurants, attractions, and vibrant nightlife options. Fancy a bicycle ride on the beach boardwalk, surfing at the beach, or an afternoon at the famed Fun Zone? It’s all just footsteps from your door. Whether you are looking to move right in, plan a remodel, or envision a complete rebuild to create your ultimate dream home, this property offers a foundation of potential. Don’t miss out on the chance to own a slice of the Newport Beach lifestyle, where amazing adventures await around every corner—quite literally!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$76,362

TurboHome Estimated Value

$5,670,400

$2,501 sqft

High Valuation
$5,953,920
$2626/sqft
Normal Valuation
$5,670,400
$2501/sqft
Low Valuation
$5,386,880
$2376/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$2501/sqft$5,670,400

Neighborhood: Balboa Peninsula (Residential) (BALP)

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Comparative Value

$4.45M

$5.70M

$6.25M

$7.13M

115 E Bay Ave, Newport Beach, CA 92661

Sale Price: $4,445,000

Selected Comparable

501 W Edgewater Ave, Newport Beach, CA 92661

Sale Price: $5,700,000

Selected Comparable

205 Pearl Ave, Newport Beach, CA 92662

Sale Price: $5,800,000

Selected Comparable

501 W Edgewater Ave, Newport Beach, CA 92661

List Price: $6,250,000

Subject Property

113 Topaz Ave, Newport Beach, CA 92662

Sale Price: $6,300,000

Selected Comparable

108 Opal Ave, Newport Beach, CA 92662

Sale Price: $7,125,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
501 W Edgewater Ave, Newport Beach, CA 92661

501 W Edgewater Ave, Newport Beach, CA 92661

List: $6,250,000

Listed: 11/21/2024

Area:2,267 sqft
Price/sqft:$2,757
Beds:3
Baths:4
Year Built:
Lot Size:2,100

Comparable Properties

COMPARABLE
Choose comps
501 W Edgewater Ave, Newport Beach, CA 92661

501 W Edgewater Ave, Newport Beach, CA 92661

Sale: $5,700,000

4/14/20250.00 mi

Area:2,267 sqft
Price/sqft:$2,514
Beds:3
Baths:4
Year Built:
Weight:22.9%
115 E Bay Ave, Newport Beach, CA 92661

115 E Bay Ave, Newport Beach, CA 92661

Sale: $4,445,000

11/25/20240.12 mi

Area:2,397 sqft
Price/sqft:$1,854
Beds:3
Baths:4
Year Built:
Weight:20.8%
205 Pearl Ave, Newport Beach, CA 92662

205 Pearl Ave, Newport Beach, CA 92662

Sale: $5,800,000

5/20/20250.48 mi

Area:2,300 sqft
Price/sqft:$2,522
Beds:3
Baths:5
Year Built:
Weight:19.3%
108 Opal Ave, Newport Beach, CA 92662

108 Opal Ave, Newport Beach, CA 92662

Sale: $7,125,000

4/15/20250.50 mi

Area:2,185 sqft
Price/sqft:$3,261
Beds:3
Baths:5
Year Built:
Weight:18.7%
113 Topaz Ave, Newport Beach, CA 92662

113 Topaz Ave, Newport Beach, CA 92662

Sale: $6,300,000

2/10/20250.51 mi

Area:2,333 sqft
Price/sqft:$2,700
Beds:3
Baths:5
Year Built:
Weight:18.3%

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