501 W Edgewater Avenue, Newport Beach, CA 92661

$6,250,000 Asking Price

3 beds
4 baths
2,267  sqft
Built in 1981

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 Harbors 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? Its 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. Dont miss out on the chance to own a slice of the Newport Beach lifestyle, where amazing adventures awa

Features & Amenities

Interior

General:
Balcony,Bar,Beamed Ceilings,Ceramic Counters,Living Room Balcony,Living Room Deck Attached,Tile Counters,Unfurnished
Laundry:
Inside
Flooring:
Carpet,Tile
A/C:
N/K
Heating:
Forced Air Unit
Fireplace:
FP in Living Room,Gas
Disability Feature:
None

Exterior

General:
Stucco
Style:
Mediterranean/Spanish
Pool:
N/K
Parking:
Parking spaces: 2

Construction

Roofing:
Tile/Clay
General:
3 Story

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
Orange

Lot

Zoning:
04805201
View:
Ocean,Other/Remarks,Marina,Pier,Water,Coastline,Harbor,City Lights
Fencing:
Stucco Wall
Restrictions:
Coastal Commission

Utilities

Utilities:
Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Underground Utilities,Sewer Connected
Water:
Public
Sewer:
Sewer Paid

Financial

Source:
California Regional MLS

This listing courtesy of:
Pacific Sotheby’s International Realty, Steve High

About Newport Beach, CA

Housing

Number of Units
32,933
Median Home Value
$1,108,062
Median Rent
$2,050

52.55% of housing units are renter occupied.

15.14% are vacant.

Commute

Car
52.33%
Public Transportation
0.19%
Walk to Work
1.03%
Work from Home
45.11%
Other
0.65%

The median travel time to work is 15 minutes.

People

Population
61,724
Median Age
46.20
Median Household Size
2.43

Education

High School
7.46%
Associate’s Degree
6.48%
Bachelor’s Degree
40.94%
Graduate Degree
26.28%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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