501 W Edgewater Ave Newport Beach, CA 92661
Balboa Peninsula Point Neighborhood
3
Beds
3.5
Baths
2,267
Sq Ft
2,100
Sq Ft Lot
Highlights
- Beach Front
- Ocean View
- Pier
- Newport Elementary School Rated A
- Private Dock Site
- 5-minute walk to Balboa Island Park
About This Home
As of April 2025Discover 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!
Last Agent to Sell the Property
Pacific Sotheby’s International Realty Brokerage Phone: 949-874-4724 License #00936421 Listed on: 11/21/2024
Co-Listed By
Pacific Sotheby's Int'l Realty Brokerage Phone: 949-874-4724 License #01017277
Last Buyer's Agent
Pacific Sotheby's Int'l Realty Brokerage Phone: 949-874-4724 License #01017277
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $15,123
Year Built
- Built in 1981
Lot Details
- 2,100 Sq Ft Lot
- Beach Front
- Home fronts a seawall
- Property Fronts a Bay or Harbor
- Property fronts an alley
- Cul-De-Sac
- Fenced
- Stucco Fence
- Corner Lot
- Rectangular Lot
Parking
- 2 Car Attached Garage
- Parking Available
- Single Garage Door
Property Views
- Ocean
- Marina
- Coastline
- Harbor
- Views of a pier
- City Lights
Home Design
- Spanish Architecture
- Tile Roof
- Stucco
Interior Spaces
- 2,267 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Bar
- Beamed Ceilings
- Gas Fireplace
- French Mullion Window
- French Doors
- Great Room
- Living Room with Fireplace
- Living Room with Attached Deck
- Combination Dining and Living Room
- Loft
- Laundry Room
Kitchen
- Breakfast Bar
- Dishwasher
- Ceramic Countertops
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms | 1 Main Level Bedroom
- Primary Bedroom Suite
- Tile Bathroom Countertop
Outdoor Features
- Pier
- Private Dock Site
- Living Room Balcony
- Patio
- Exterior Lighting
Utilities
- Central Heating
- Underground Utilities
- 220 Volts in Garage
- Natural Gas Connected
- Sewer Paid
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 105 / A
- Tax Tract Number 220
- Assessor Parcel Number 04805201
- $380 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- Balboa Peninsula Subdivision
Recreation
- Fishing
- Water Sports
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 12, 2021
Sold by
Miller Mary Ann and Miller Maryn L
Bought by
Miller Mary Ann and Miller Maryn L
Current Estimated Value
Purchase Details
Closed on
Dec 9, 2019
Sold by
Miller Mary Ann and Miller Family Trust
Bought by
Miller Mary Ann and Miller Maryn L
Purchase Details
Closed on
Sep 29, 2009
Sold by
Miller Leonard W and Miller Mary Ann
Bought by
Miller Leonard W and Miller Mary Ann
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $100,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $625,500 | New Conventional | |
| Previous Owner | $750,000 | Unknown | |
| Previous Owner | $200,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2025 04/14/25 | Sold | $5,700,000 | -8.8% | $2,514 / Sq Ft |
| 02/27/2025 02/27/25 | Pending | -- | -- | -- |
| 11/21/2024 11/21/24 | For Sale | $6,250,000 | -- | $2,757 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,123 | $1,435,001 | $1,041,397 | $393,604 |
| 2024 | $15,123 | $1,406,864 | $1,020,977 | $385,887 |
| 2023 | $14,766 | $1,379,279 | $1,000,958 | $378,321 |
| 2022 | $14,517 | $1,352,235 | $981,332 | $370,903 |
| 2021 | $14,239 | $1,325,721 | $962,090 | $363,631 |
| 2020 | $14,175 | $1,312,128 | $952,225 | $359,903 |
| 2019 | $13,811 | $1,286,400 | $933,553 | $352,847 |
| 2018 | $13,535 | $1,261,177 | $915,248 | $345,929 |
| 2017 | $13,295 | $1,236,449 | $897,302 | $339,147 |
| 2016 | $12,997 | $1,212,205 | $879,707 | $332,498 |
| 2015 | $12,872 | $1,193,997 | $866,493 | $327,504 |
| 2014 | $12,568 | $1,170,609 | $849,520 | $321,089 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Steve High
Pacific Sotheby’s International Realty
(949) 874-4724
3 in this area
70 Total Sales
-
Seller Co-Listing Agent in 2025
Tim Carr
Pacific Sotheby's Int'l Realty
(949) 230-8454
3 in this area
156 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LG24236634
APN: 048-052-01
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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