505 W Edgewater Avenue, Newport Beach, California 92661, Newport Beach, - bed, bath

home-pic
ACTIVE$13,500,000
505 W Edgewater Avenue, Newport Beach, California 92661
4Beds
5Baths
3,208Sqft
2,800Lot
Year Built
2004
Close
-
List price
$13.5M
Original List price
$15M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25009524
Home ConditionExcellent
Features
Excellent View: Bay, City Lights, Harbor, Mountain(s), Neighborhood, Panoramic, Water
Patio
ViewBay,City Lights,Harbor,Mountain(s),Neighborhood,Panoramic,Water

About this home

Situated in a premier and rarely available, Bayfront location with captivating Newport Harbor turning basin views, this impeccably remodeled, turn-key designer four bedroom, four-and-a-half-bath home embraces traditional East Coast elegance and style at every turn. Poised on a forty-foot-wide waterfront lot along the charming tree-lined walkway near Bay Island, this magical residence displays the timeless character of a classic New England beach house. Past the Dutch door entry, the well-proportioned living room is highlighted by a fireplace, gleaming millwork and exceptional ceiling detail. Designed for entertaining the foyer, living, dining and kitchen areas flow from one to the next and adjoin the sunny bay front terrace replete with Hestan grill. For the true gourmand, the professional-grade kitchen is anchored by a handcrafted walnut island and features generous prep and storage areas, abundant refrigeration, and an impressive BlueStar range and oven. Adjoining the kitchen, the jewel-box butler’s pantry shimmers with lacquer-finish wood paneled walls, and houses additional storage, refrigeration, and a commercial ice maker. A graceful staircase ascends to the second floor. Here, the serene primary suite embraces water views from ever vantage point and is highlighted by a separate sitting room with cozy fireplace, a private terrace, artisan millwork, and a luxurious spa bath with stone-clad walls and custom mosaic marble details. Two beautifully appointed, grand-scale guest rooms, each with walk-in closet and en-suite bath, and a den/office complete the second level of the home. An additional guest suite with private bath is thoughtfully located on the first floor of the residence. Enjoying panoramic views of the harbor, sparkling city lights, and the San Bernadino mountains in the distance, this gracious home with its timeless architectural appeal presents a rare opportunity to enjoy move-in-ready waterfront living, that could be available furnished. Dine al fresco on the terrace or relax with a glass of wine on your private dock at sunset. This one-of-a-kind property invites you to slow down, relax, and enjoy all that makes this one of Newport Beach’s most desired locations.

Nearby schools

9/10
Newport Elementary School
Public,PK-60.7mi
7/10
Horace Ensign Intermediate School
Public,7-81.0mi
7/10
Newport Harbor High School
Public,9-121.3mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (24 Listings)
Beds43
52%
Baths54
68%
Square foot3,2082,600
68%
Lot Size2,8002,660
52%
Price$13.5M$6.55M
92%
Price per square foot$4,208$2,912
96%
Built year20041999
60%
HOA
Days on market295212
84%
Condition Rating
Excellent

The property, built in 2004, appears to be recently and impeccably remodeled. The kitchen features professional-grade appliances, a handcrafted walnut island, and a butler's pantry. The bathrooms have luxurious spa-like features with stone-clad walls and custom mosaic marble details. The overall design embraces traditional East Coast elegance, suggesting a high-quality renovation with no deferred maintenance.
Pros & Cons

Pros

Bayfront Location: Premier bayfront location with captivating Newport Harbor views, offering a highly desirable waterfront lifestyle.
Impeccable Remodel: The home has been impeccably remodeled with high-end finishes and designer touches, presenting a turn-key opportunity.
Gourmet Kitchen: Professional-grade kitchen with handcrafted walnut island, generous prep space, abundant refrigeration, and a BlueStar range/oven.
Luxurious Primary Suite: Serene primary suite with water views, a separate sitting room with fireplace, a private terrace, and a spa-like bath.
Outdoor Living: Sunny bayfront terrace with Hestan grill and a private dock, perfect for al fresco dining and enjoying waterfront sunsets.

Cons

High Price Point: The list price of $13,500,000 positions the property at the higher end of the market, potentially limiting the pool of buyers.
Relatively Small Lot Size: The lot size of 2,800 sqft is relatively small for a waterfront property in this price range, potentially impacting outdoor space.
Price Reduction: The property has experienced a price reduction from its original list price of $15,000,000, which may raise questions for some buyers.

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