Newport Beach, CA 92662,501 Park Avenue
See all 40 photos
Newport Beach, CA 92662,501 Park Avenue
Newport Beach, CA 92662,501 Park Avenue
Newport Beach, CA 92662,501 Park Avenue
Newport Beach, CA 92662,501 Park Avenue

$5,950,000

Est. payment /mo
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

501 Park Avenue Newport Beach, CA 92662

5,100 Sqft Lot

SOLD DATE : 09/20/2024

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Balboa Island - Main Island (Balm)

MLS Listing ID OC24090681

Year Built 2015

Lot Size 5,100 Sqft

Property Description

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.

Location

State CA

County Orange

Area N9 - Lower Newport Bay - Balboa Island

Interior

Heating Central

Cooling Central Air

Laundry None

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Fishing, Water Sports

Building

Lot Description Corner Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Kevin Bayless • Bayless Real Estate • [email protected]
Bought with Alex Matar • Kidder Mathews

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.