Landlord's Agent in 2025
Tyler Daigler
Marshall Reddick Real Estate
(714) 425-5752
35 Total Sales
508 Westminster Ave Newport Beach, CA 92663
Newport Heights NeighborhoodEstimated Value: $5,034,000 - $6,535,000
5
Beds
5.5
Baths
5,152
Sq Ft
$1,073/Sq Ft
Est. Value
Highlights
- In Ground Pool
- Primary Bedroom Suite
- City Lights View
- Newport Heights Elementary Rated A
- Gated Parking
- Fireplace in Primary Bedroom
About This Home
As of July 2025NEW/IMPROVED PRICING OF $13,995/mo !!
For Lease | 508 Westminster Ave, Newport Beach, CA
5 Bed | 6 Bath | 5,152 Sq Ft | 6,372 Sq Ft Lot
Welcome to 508 Westminster Avenue—a refined blend of Mediterranean charm, modern farmhouse elegance, and classic Newport Beach luxury, tucked away on a quiet, tree-lined street in one of the area’s most coveted neighborhoods.
This expansive 5-bedroom, 6-bathroom home spans 5,152 square feet of thoughtfully designed living space on a 6,372 square foot lot, offering a rare combination of spaciousness, comfort, and style.
Beyond the beautifully landscaped, private front patio, step through a grand iron and glass entry into a sun-drenched interior where high ceilings, crown molding, and designer lighting create an elevated yet welcoming atmosphere. The main level features multiple living areas with fireplaces and views of the stunning outdoor retreat - complete with its own Jacuzzi and beautifully appointed lanai, perfect for entertaining or relaxing under the stars.
The gourmet kitchen is equipped with Sub-Zero and Thermador appliances, a walk-in pantry, and opens to a large family room that flows effortlessly to one of two outdoor living areas. Two versatile downstairs bedrooms (or home offices), each with built-ins and ensuite baths, offer flexible space for work or guests. A full laundry/mudroom completes the first floor, along with direct access to the three-car garage with built-in storage.
Upstairs, the primary suite is a private sanctuary with its own fireplace, custom built-ins, and dual balconies. The spa-inspired primary bathroom features dual vanities, a freestanding soaking tub, walk-in shower, and a spacious walk-in closet.
Down the wide, sunlit hallway, you’ll find a central upstairs living area connecting two additional bedrooms, each with ensuite bathrooms—ideal for family or guests. This upstairs common area opens onto a large balcony with a fireplace, overlooking the outdoor living space with Jacuzzi and lush landscaping.
Additional highlights include:
Outdoor living area, with its own Jacuzzi and lanai
High-end finishes and abundant natural light throughout
Two gated side yards or dog runs
Multiple balconies and entertaining spaces
Located in a peaceful and prestigious Newport Beach enclave
Experience luxurious coastal living in a home designed for comfort, sophistication, and privacy.
Property is Unfurnished.
Last Agent to Rent the Property
Marshall Reddick Real Estate Brokerage Email: tdaigler@marshallreddick.com License #02031299 Listed on: 05/24/2025
Last Renter's Agent
Marshall Reddick Real Estate Brokerage Email: tdaigler@marshallreddick.com License #02031299 Listed on: 05/24/2025
Home Details
Home Type
- Single Family
Year Built
- Built in 2005
Lot Details
- 6,375 Sq Ft Lot
- Landscaped
- Rectangular Lot
- Paved or Partially Paved Lot
- Level Lot
Parking
- 3 Car Direct Access Garage
- 4 Open Parking Spaces
- Parking Storage or Cabinetry
- Parking Available
- Rear-Facing Garage
- Two Garage Doors
- Combination Of Materials Used In The Driveway
- Gated Parking
- Off-Street Parking
Property Views
- City Lights
- Neighborhood
Home Design
- Entry on the 1st floor
Interior Spaces
- 5,152 Sq Ft Home
- 2-Story Property
- Formal Entry
- Family Room with Fireplace
- Living Room
- Dining Room with Fireplace
- Den with Fireplace
- Bonus Room
- Walk-In Pantry
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms | 1 Main Level Bedroom
- Retreat
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Walk-In Closet
Pool
- In Ground Pool
- In Ground Spa
Outdoor Features
- Fireplace in Patio
- Exterior Lighting
Additional Features
- Suburban Location
- Central Air
Community Details
- No Home Owners Association
- $150 HOA Transfer Fee
- Cliffhaven Subdivision
Listing and Financial Details
- Security Deposit $15,995
- 12-Month Minimum Lease Term
- Available 5/24/25
- Legal Lot and Block 3 / 30
- Tax Tract Number 256
- Assessor Parcel Number 42509224
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 13, 2020
Closed on
Oct 19, 2021
Sold by
Marshack Richard A and Bankruptcy Estate Of Fariborz
Bought by
Tan Andrew and Huang Jenny
Seller's Agent
Jennifer Toyama
Berkshire Hathaway HomeService
Buyer's Agent
Clarence Yoshikane
Berkshire Hathaway HomeService
List Price
$2,850,000
Sold Price
$2,880,000
Premium/Discount to List
$30,000
1.05%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,649,794
Avg. Annual Appreciation
16.18%
Original Mortgage
$2,160,000
Outstanding Balance
$1,941,807
Interest Rate
1.87%
Mortgage Type
New Conventional
Estimated Equity
$3,587,987
Purchase Details
Listed on
Jun 9, 2013
Closed on
Jun 12, 2013
Sold by
Spenuzza Richard and Spenuzza Patricia
Bought by
Babaee Fariborz Z and Babaee Malihe P
Seller's Agent
Steve Roose
Luxury Real Estate
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$2,495,000
Sold Price
$2,250,000
Premium/Discount to List
-$245,000
-9.82%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.00%
Original Mortgage
$1,575,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Feb 2, 2011
Sold by
Spenuzza Richard and Spenuzza Patricia
Bought by
Spenuzza Richard and Spenuzza Patricia
Purchase Details
Closed on
Jun 13, 2005
Sold by
Bert Homes Inc
Bought by
Spenuzza Richard and Spenuzza Patricia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,612,500
Interest Rate
5.08%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Mar 9, 2005
Sold by
Ayala Gilbert A and Ayala Maria F
Bought by
Bert Homes Inc and Cpd Development Inc
Purchase Details
Closed on
Jan 13, 2003
Sold by
Mika Jay F and Mika Jay Frank
Bought by
Allison Stephen and Snell Allison Patrice
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,033,000
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tan Andrew | $2,880,000 | Fidelity Natl Ttl Orange Cnt | |
| Babaee Fariborz Z | $2,250,000 | Stewart Title Of California | |
| Spenuzza Richard | -- | None Available | |
| Spenuzza Richard | -- | Southland Title Corporation | |
| Bert Homes Inc | -- | -- | |
| Allison Stephen | $1,000,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tan Andrew | $2,160,000 | |
| Previous Owner | Babaee Fariborz Z | $1,575,000 | |
| Previous Owner | Spenuzza Richard | $1,612,500 | |
| Previous Owner | Allison Stephen | $1,033,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/04/2025 07/04/25 | Rented | $13,995 | 0.0% | -- | |
| 06/12/2025 06/12/25 | Price Changed | $13,995 | -12.5% | $3 / Sq Ft | |
| 05/24/2025 05/24/25 | For Rent | $15,995 | +20.7% | -- | |
| 09/01/2022 09/01/22 | Rented | $13,250 | +2.1% | -- | |
| 08/26/2022 08/26/22 | Under Contract | -- | -- | -- | |
| 08/04/2022 08/04/22 | For Rent | $12,980 | 0.0% | -- | |
| 11/19/2021 11/19/21 | Sold | $2,880,000 | +0.3% | $559 / Sq Ft | View Prior Sale |
| 10/09/2021 10/09/21 | Price Changed | $2,871,000 | 0.0% | $557 / Sq Ft | |
| 10/07/2021 10/07/21 | Pending | -- | -- | -- | |
| 08/27/2021 08/27/21 | Price Changed | $2,870,000 | +0.3% | $557 / Sq Ft | |
| 06/18/2021 06/18/21 | Price Changed | $2,860,000 | +0.4% | $555 / Sq Ft | |
| 06/15/2021 06/15/21 | Price Changed | $2,850,000 | 0.0% | $553 / Sq Ft | |
| 06/15/2021 06/15/21 | For Sale | $2,850,000 | -1.0% | $553 / Sq Ft | |
| 06/04/2021 06/04/21 | Off Market | $2,880,000 | -- | -- | |
| 06/01/2021 06/01/21 | Price Changed | $2,670,000 | +6.8% | $518 / Sq Ft | |
| 05/10/2021 05/10/21 | Price Changed | $2,499,900 | -10.7% | $485 / Sq Ft | |
| 11/13/2020 11/13/20 | Price Changed | $2,799,900 | +7.7% | $543 / Sq Ft | |
| 11/13/2020 11/13/20 | For Sale | $2,599,900 | +15.6% | $505 / Sq Ft | |
| 07/18/2013 07/18/13 | Sold | $2,250,000 | -9.8% | $450 / Sq Ft | View Prior Sale |
| 06/09/2013 06/09/13 | For Sale | $2,495,000 | 0.0% | $499 / Sq Ft | |
| 06/08/2013 06/08/13 | Pending | -- | -- | -- | |
| 02/14/2013 02/14/13 | For Sale | $2,495,000 | -- | $499 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $31,921 | $3,056,279 | $1,681,386 | $1,374,893 |
| 2024 | $31,921 | $2,996,352 | $1,648,417 | $1,347,935 |
| 2023 | $31,175 | $2,937,600 | $1,616,095 | $1,321,505 |
| 2022 | $30,660 | $2,880,000 | $1,584,406 | $1,295,594 |
| 2021 | $27,100 | $2,548,143 | $1,241,365 | $1,306,778 |
| 2020 | $26,840 | $2,522,015 | $1,228,636 | $1,293,379 |
| 2019 | $26,281 | $2,472,564 | $1,204,545 | $1,268,019 |
| 2018 | $25,756 | $2,424,083 | $1,180,927 | $1,243,156 |
| 2017 | $25,299 | $2,376,552 | $1,157,771 | $1,218,781 |
| 2016 | $24,728 | $2,329,953 | $1,135,069 | $1,194,884 |
| 2015 | $24,495 | $2,294,955 | $1,118,019 | $1,176,936 |
| 2014 | $23,916 | $2,250,000 | $1,096,118 | $1,153,882 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Daigler
-
Sonny Tan
S
Seller's Agent in 2022
Sonny Tan
Pinnacle Real Estate Group
(626) 584-6300
50 Total Sales
-
Melissa Barnes
Buyer's Agent in 2022
Melissa Barnes
Compass
(949) 633-1896
6 in this area
43 Total Sales
-
Jennifer Toyama
Seller's Agent in 2021
Jennifer Toyama
Berkshire Hathaway HomeService
(949) 491-6718
2 in this area
91 Total Sales
-
Clarence Yoshikane
Seller Co-Listing Agent in 2021
Clarence Yoshikane
Berkshire Hathaway HomeService
(714) 606-5765
2 in this area
82 Total Sales
-
Steve Roose
Seller's Agent in 2013
Steve Roose
Luxury Real Estate
(949) 375-4430
29 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25116502
APN: 425-092-24
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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