Back to Results

$5,950,000 - 501 Park Avenue, Newport Beach

All Photos

0Beds
Baths
0SQ. Feet
0.12Acres

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.

Favorites Bird's Eye View

Next Steps:

Back to Results

Sales Agent

Sam SmithLaguna Beach Realtors ®Phone: 949-355-1622Cell: 949-355-1622

Essential Information

MLS® #:OC24091109
Price:$5,950,000
Bathrooms:0.00
Acres:0.12
Year Built:2015
Type:Commercial Sale
Sub-Type:Multi Family
Status:Active
Listing Agent:Kevin Bayless
Listing Office:Bayless Real Estate

Community Information

Address:501 Park Avenue
Area:N9 - Lower Newport Bay - Balboa Island
City:Newport Beach
County:Orange
Zip Code:92662

Interior

Heating:Central
Cooling:Central Air
# of Stories:2

Exterior

Lot Description:Corner Lot

Additional Information

Date Listed:May 6th, 2024
Days on Market:12

Related Blog Posts

Back to Results

Laguna Beach Real Estate

Our Laguna Beach Real Estate website covers all aspects of Laguna Beach Real Estate. For up to date Laguna Beach Real Estate market information please visit our Laguna Beach Real Estate website today.

There are currently 401 blog entries related to this category.

Jan 25

Blue Lagoon Laguna Beach Vacation Rentals

1266 Views, 0 Comments.

We recently had an inquiry for the vacation rental properties located in the Blue Lagoon community. She was inquiring about 64 Blue Lagoon which is a wonderful ocean view unit. All of the condo rentals currently located at the Blue Lagoon are furnished vacation rentals that are rented out on a monthly basis. Prices will vary a lot depending on the size but more importantly the location of the unit in relation to the beach and if the unit has an ocean view or not. Rental prices currently start at $4,250 a month for a two bedroom unit with 1,560 square feet and a courtyard view. Ocean View units currently start at $10,000 a month which will get you a two bedroom condo with an approximate 1,680 square feet. We have put…

Read Full Post »

Nov 29

Laguna Beach Homes Priced To Sell

825 Views, 0 Comments.

The Laguna Beach Real Estate market is starting to see changes in the way homes are sold with rising interest rates causing things to slow down, especially for those who need the assistance of getting a loan. It was only a short year ago when homes were flying off the shelf and multiple bids on properties were a common place. This was due to the low inventory of homes available in Laguna Beach along with record low interest rates. All of this has quickly changed and the sellers market has slowly turned into a buyers market. Buyers now have more time to compare properties when the first come on the market without being pressured by other home buyers looking to make a bid on the same property. The inventory of homes is still…

Read Full Post »

Oct 21

Top of the World Laguna Beach Rentals

1180 Views, 0 Comments.

When it comes to having any ocean view there are many different neighborhoods to choose from as the topography of Laguna Beach located on a hillside naturally affords a lot of view properties. Of course, if you want to be at one of the highest points in Laguna Beach there is probably no better spot than the "Top of the World" community. Nestled up in this area high on a hill are single family homes that range from the 1920's to brand new construction properties. Laguna Beach is filled with a ton of vacation rental homes but this is really not the case in this neighborhood as it's easy to find a traditional lease of 12 months to start. Most landlords in this area will be asking for the first months rent, security deposit and a…

Read Full Post »

Sep 20

Temple Hills Drive Laguna Beach Homes

883 Views, 0 Comments.

One of the premier streets in Laguna Beach when looking for an ocean view is Temple Hills Drive. Real Estate prices in the Temple Drive community currently start just under $2.4 million dollars for mid-century modern one story ocean view home with three bedrooms, two bath and over 1,800 square feet of living space. This is a pretty good price point for Laguna Beach considering it does have nice ocean views and location on a premier street in Laguna Beach. What makes this area unique is it's hillside location that is one of the closest to the Downtown Laguna Beach area that is often referred to as the "Village" area of Laguna Beach. If you have every spent any time in this area you know it's the hub of Laguna Beach with a lot of…

Read Full Post »

Aug 23

Laguna Beach Homes With a Private Theater

487 Views, 0 Comments.

One of the amenities that we are starting to see in many of the new construction luxury estate properties coming on the market for sale is having a private theater. It seems like many of the upscale builders like to include a wine cellar, fitness room and a theater as some of the most requested bonus amenities in higher end homes. From what I have seen these Theater rooms tend to be pretty grand with a large viewing screen, soft leather chairs and room for at least 10 people or more. We did a quick search of properties that are currently for sale and found 8 homes that have a private Theater ranging from $4.5 to over $31 million dollars. Several of these properties are located in the community of Three Arch Bay in Laguna Beach.…

Read Full Post »

Jul 21

Laguna Beach Homes With Beach Frontage

1399 Views, 0 Comments.

The typography of Laguna Beach is really interesting as it arguably offers more ocean view properties due to it's rolling hillsides that overlook the Pacific Ocean. When it comes to properties located on the ocean front there are many properties that are located high on a cliff that overlook the ocean but very few homes that are actually located on the sandy beach. Neighboring towns like Dana Point and Newport Beach do have many properties located on the sand but finding one in Laguna Beach can be really tough. There are a couple exceptions to this and the homes that are located on the sand are truly spectacular. The first place to look is the Thousands Steps Beach area in the South Laguna area of Laguna Beach. The area gets…

Read Full Post »

Jun 24

Seller Financing Laguna Beach Homes

1150 Views, 0 Comments.

We are starting to see a turn in the real estate market as mortgage interest rates continue to go higher which ultimately slow down the number of properties selling. Another major factor is the number of buyers would need the assistance of getting a loan in order to buy a home are now not participating in the market but the cost of mortgage payments have almost doubled since last year. This is around the time where we start to see creative financing being offered as the cost of getting a loan is to expensive for most buyers. One option that is coming around again is seller financing which negates the need to get a traditional mortgage loan from the bank. Let me explain how this typically works. First, the owner of the…

Read Full Post »

May 25

Laguna Beach Homes with Deferred Maintenance

1060 Views, 0 Comments.

The real estate market in Laguna Beach has started to make a shift as in most of the country with home staying on the market for a little longer than what we have seen in recent years. One of the main reasons for this shift is a combination of factors which include increasing higher interest rates, decline in the stock market and an oversees International war. It feels like we may be heading to more of a slow down here in Laguna Beach which will result in more inventory of homes on the market and the possibility of declining real estate asking prices. For buyers who have to get a loan in order to buy a home here the cost and gone up significantly from just a year ago and it is expected to get more expensive as well. Buyers will be…

Read Full Post »

Apr 29

Selling Your Laguna Beach Home By Owner

933 Views, 0 Comments.

The Real Estate market in Laguna Beach has been really crazy over the last several years which is leaving many to wonder how long this real estate boom will last. It's not uncommon in today's real estate market to have multiple offers on them which typically drives up the asking price. The question then comes into many homeowners minds is do we really need to use a real estate agent? We are starting to see more for sale by owners popping up in this hot market and if they can save a little bit of money by doing it themselves then more power to them. If you are thinking about selling your home by yourself you need to make sure you aware of these simple mistakes than many for sale by owners make. If you can avoid these then you will…

Read Full Post »

Feb 28

1046 Santa Ana St - Arch Beach Heights Laguna Beach Home

951 Views, 0 Comments.

One of the my favorite neighborhoods for finding really nice ocean views for single family residences in Laguna Beach is the Arch Beach Heights neighborhood. A perfect example of the type of home you would find here would be the property that is located at 1046 Santa Ana Street which features a total of three bedrooms, two and a half baths with an approximate 1,584 square feet of living space. The two level home was originally built in 1972 and comes with an attached two car garage which is now available for sale with a current list price of $2,098,000. This is a really great price point in order to find a nice ocean view property in the upscale beach community of Laguna Beach. There are a lot of things I love about this home…

Read Full Post »

Ask About this Property
Request a Showing

Based on information from California Regional Multiple Listing Service, Inc. as of May 19th, 2024 at 3:30pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.