500 K Street

Newport Beach, CA 92661

$5,500,000
Price
4
Beds
2
Baths
1
1/2 Bath
2,710 Sq. Ft.
$2,030 / Sq. Ft.
2,710
Sq. Ft.
$2,030
per Sq. Ft.

Description

Nestled within the highly coveted Balboa Peninsula Point community, this enchanting Cape Cod-style residence bathes in the warmth of abundant sunlight and mesmerizing bay vistas, promising an unparalleled coastal lifestyle. Crafted with adaptability in mind, its layout effortlessly flows between living and entertaining areas, making it equally ideal for year-round living or as a serene beachside getaway. The ground floor integrates distinct living and dining spaces alongside a gourmet island kitchen....Nestled within the highly coveted Balboa Peninsula Point community, this enchanting Cape Cod-style residence bathes in the warmth of abundant sunlight and mesmerizing bay vistas, promising an unparalleled coastal lifestyle. Crafted with adaptability in mind, its layout effortlessly flows between living and entertaining areas, making it equally ideal for year-round living or as a serene beachside getaway. The ground floor integrates distinct living and dining spaces alongside a gourmet island kitchen. At the same time, a snug den extends gracefully to a picturesque courtyard—an inviting setting for alfresco dining and relaxed BBQ gatherings. Ascending to the upper level reveals a haven of tranquility, comprising four bedrooms and a generously proportioned bonus/family room. The crown jewel is the expansive main suite, boasting a private terrace to enjoy bay views. Embracing the outdoors, a grand rooftop deck offers sweeping vistas in every direction. At the same time, a sun-drenched front patio provides an idyllic backdrop for entertaining family and friends. This coastal sanctuary is thoughtfully appointed with modern comforts, including central air conditioning and three fireplaces. An attached two-car garage also effortlessly caters to practical needs, completing the epitome of coastal living—a harmonious blend of timeless grace, contemporary luxuries, and irresistible seaside charm. Outdoor living takes center stage with a magnificent rooftop deck offering sweeping views in every direction and a sun-kissed front patio ideal for entertaining friends and family. Modern conveniences abound, including central air conditioning and three fireplaces. At the same time, an attached two-car garage effortlessly caters to practical needs, completing the picture of the quintessential beachside abode—a harmonious fusion of timeless elegance, contemporary comforts, and coastal allure.
  1. Listed by Chiron Stewart • DRE #01997480 • Brokerage DRE #01997480 • Chiron Stewart, Broker • 9492931174

Property Details for 500 K Street

View
Bay
Parking Spaces Total
2
Private Pool
No
Cooling Type
Central Forced Air
Total Units
1.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2710

Location

Listing Courtesy of Chiron Stewart, Broker, Chiron Stewart, DRE #01997480
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LISTING UPDATED: 03/10/2024 09:54 AM

Property Details for 500 K Street

StatusActive
MLS #PW24037245
Days on Market66
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1978
Lot Size0.07 AC / 3,000 SF
CountyOrange County

Location

Listing Courtesy of Chiron Stewart, Broker, Chiron Stewart, DRE #01997480
Add your commute

Building Information for 500 K Street

Stories2Year Built1978Building Size-Lot Size0.07 AC / 3,000 SF

Payment Calculator

$31,026 per month

30 year fixed, 7.25% Interest

Principal and Interest

$30,016

Property Taxes

$1,010

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 500 K Street

Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Block: 28
  • Tax Tract Number: 105
  • Tax Census Tract: 628.00
  • CFD/Mello-Roos Fee: $380
  • Tax Lot: 11
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Biking, Park, Watersports, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Equipment: N/K
  • Room Type: All Bedrooms Up, Kitchen, Laundry, Walk-In Closet
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 0
  • Bedroom Features: All Bedrooms Up, WalkInCloset
  • Laundry: No
  • Laundry Features: None
  • Laundry Location: N/K
  • Fireplace Features: Family Room, Living Room, Primary Bedroom
  • Fireplace Rooms: Family Room, Living Room
  • Fireplace: FP in Family Room, FP in Living Room
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Entry Location: Street
  • Structure Type: House
  • Miscellaneous: Storm Drains
  • View Description: Bay
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Lease Considered: No
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Attached Garage: Yes
Property / Structure Info
  • Builders Tract Name: Balboa Peninsula Point
  • Builders Tract Code: Balboa Peninsula Point (BLPP)
  • Residential Styles: Detached
  • Residential Unit Location: No Common Walls

Property History for 500 K Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 500 K Street

Taxable ValueLand$806,263Additions$314,109Total$1,120,372
Tax Record2023$12,125 ($1,010 / month)
Home Facts
Beds4Baths2.5Total Finished SqFt2,710 SqFtAbove Grade Finished SqFt2,710 SqFtStories2Lot Size3,000 SqFtStyleSingle Family ResidenceYear Built1977CountyORANGEAPN048-240-49

Schools near 500 K Street

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Newport Elementary School
PublicK to 6

Horace Ensign Intermediate School
Public7 to 8

Newport Harbor High School
Public9 to 12

Monte Vista High School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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500 K Street is a single family home for sale in Newport Beach, CA 92661. This property was listed for sale on February 22, 2024 by Chiron Stewart, Broker, it's currently listed at $5,500,000. It has been on the market for a total of 66 days and was last sold on October 26, 1994. This listing's school district is Newport-Mesa Unified School District. Nearby schools include Newport Elementary School, Horace Ensign Intermediate School and Newport Harbor High School. 500 K Street is a 4-bed, 2.5-bath, 2,710 sqft single family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Chiron Stewart, Broker, Chiron Stewart, DRE #01997480

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.