501 Park Avenue, Newport Beach
$5,950,000
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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.
Essential Information
- MLS® #
- OC24090681
- Price
- $5,950,000
- Bathrooms
- 0.00
- Acres
- 0.12
- Year Built
- 2015
- Type
- Residential Income
- Sub-Type
- Mixed Use
- Status
- Active
Community Information
- Address
- 501 Park Avenue
- City
- Newport Beach
- County
- Orange
- Zip Code
- 92662
Area
N9 - Lower Newport Bay - Balboa Island
Subdivision
Balboa Island - Main Island (BALM)
Amenities
- Parking Spaces
- 1
- # of Garages
- 1
- Pool
- None
Interior
- Heating
- Central
- Cooling
- Central Air
- # of Stories
- 2
- Stories
- Two
Exterior
- Lot Description
- Corner Lot
Additional Information
- Date Listed
- May 6th, 2024
- Days on Market
- 65
Listing Details
- Agent
- Kevin Bayless
- Office
- Bayless Real Estate
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of July 10th, 2024 at 10:23pm 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.