THE PROPERTY: Welcome to your slice of paradise on Balboa Island in Newport Beach! This exquisite property offers an unparalleled opportunity to own a top-performing restaurant with two stunning apartments above, all completely rebuilt to perfection in 2015.
THE RESTAURANT: Step into the heart of culinary excellence as you enter the spacious and inviting restaurant and bar area. Bathed in natural light pouring through large windows, this space exudes warmth and charm. With ample room for indoor and outdoor seating and a meticulously designed kitchen equipped with top-of-the-line appliances, it’s a dream canvas for creativity.
THE LOCATION
Situated in the heart of Balboa Island, this property enjoys a prime location in one of Newport Beach’s most coveted neighborhoods. Surrounded by quaint shops, charming cafes, and scenic waterfront vistas, residents and visitors alike are drawn to the vibrant energy and unparalleled beauty of this coastal community. With easy access to the Balboa Island Ferry, nearby beaches, and an array of recreational activities, the possibilities for adventure and relaxation are endless.
Sold for $4,950,000 on 09/20/24
Listing Provided by:
Kevin Bayless DRE #01788899 kbayless@leeirvine.com,
Bayless Real Estate
Bought with: NONMEMBER MRML
$4,950,000
501 Park Ave, Newport Beach, CA 92662
4beds
3baths
5,080sqft
Mixed Use
Built in 2015
-- sqft lot
$5,073,100 Zestimate®
$974/sqft
$7,621 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 04, 2024 at 05:58pm
Listing Provided by:
Kevin Bayless DRE #01788899 kbayless@leeirvine.com,
Bayless Real Estate
Bought with:
Alex Matar, DRE #01990417
NONMEMBER MRML
Source: CRMLS,MLS#: OC24090681
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: None
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 5,080
- Total interior livable area: 5,080 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
Lot
- Size: 5,100 sqft
- Features: Corner Lot
Details
- Additional parcels included: 05005236
- Parcel number: 05005235
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
Condition
- New construction: No
- Year built: 2015
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Fishing, Water Sports
Location
- Region: Newport Beach
- Subdivision: Balboa Island - Main Island (Balm)
Other
Other facts
- Listing terms: Cash
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Estimated market value
$5,073,100