FireplaceFamily Room, Living Room, Primary Bedroom
ViewBay
MLS #PW24037245
Lot Size0.07 Acres
StatusActive
About 500 K St
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.
Property Details
Property Features
Property Information:
Year Built: 1978
Stories: 2
Living Area: 2,710 SqFt
Listing Office:
Office Name: Chiron Stewart, Broker
Office Phone: (949) 293-1174
Listing Agent: Chiron Stewart
Interior Features
Interior Information:
Interior: All Bedrooms Up, Walk-In Closet(s)
Fireplace: Family Room, Living Room, Primary Bedroom
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 2
Total Bedroom Count: 4
Exterior Features
Exterior Information:
Private Pool: No
View: Bay
Parking Information:
Garage Space: 2 spaces
Attached Garage: Yes
Lot Features
Lot Information:
Lot Size: 0.07 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
School Info
Assigned Schools Information:
Newport Harbor High School, Public District Grades 9-12
Horace Ensign Intermediate School, Public District Grades 7-8
Newport Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: East Balboa Blvd and K Street
Price Information
Listing Price Info
Price Summary:
List Price: $5,500,000
Price Per SqFt: $2,030/SqFt
Tax Information:
Annual Amount: $11,694
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Newport Beach, CA.
This property is $2.2M more than the Median Sold Price and $686/SqFt more than other homes in Newport Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PW24037245
Listing Office:
Office Name: Chiron Stewart, Broker
Office Phone: (949) 293-1174
Listing Agent: Chiron Stewart
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/27/2024, 11:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 26, 1994
Oct 26, 1994Home Sold
$625,000
May 06, 1988
May 06, 1988Home Sold
$425,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$11,694
$1,076,867
2020
$11,581
$1,065,826
2019
$11,121
$1,044,928
2018
$11,121
$1,024,440
2017
$10,925
$1,004,353
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
Newport Elementary School
1327 W Balboa Blvd
Distance between this listing and this school1.89 miles
Public District Grades KG-6
Middle School
7
/10
Horace Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school2.21 miles
Public District Grades 7-8
High School
7
/10
Newport Harbor High School
600 Irvine Ave
Distance between this listing and this school2.24 miles
Public District Grades 9-12
Assigned Schools
9
/10
Newport Elementary School
1327 W Balboa Blvd
Distance between this listing and this school1.89 miles
Public District Grades KG-6
Nearby Schools
9
/10
Harbor View Elementary School
900 Goldenrod Ave
Distance between this listing and this school1.05 miles
Public District Grades KG-6
7
/10
Abraham Lincoln Elementary School
3101 Pacific View Dr
Distance between this listing and this school1.71 miles
Public District Grades KG-6
Assigned Schools
7
/10
Horace Ensign Intermediate School
2000 Cliff Dr
Distance between this listing and this school2.21 miles
Public District Grades 7-8
Nearby Schools
10
/10
Vista Verde
6 Federation Way
Distance between this listing and this school4.01 miles
Public District Grades KG-8
9
/10
Rancho San Joaquin Middle School
4861 Michelson Dr
Distance between this listing and this school6.32 miles
Public District Grades 7-8
Assigned Schools
7
/10
Newport Harbor High School
600 Irvine Ave
Distance between this listing and this school2.24 miles
Public District Grades 9-12
Nearby Schools
9
/10
Corona Del Mar High School
2101 Eastbluff Dr
Distance between this listing and this school2.45 miles
Public District Grades 7-12
5
/10
Estancia High School
2323 Placentia Ave
Distance between this listing and this school4.96 miles
The neighbors living near this home have an average income of $133,019. Residents of Newport Beach, CA typically earn $200k+ each year. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 500 K St
What is the listing price of this property?
The listing price of 500 K St property is $5,500,000.
What type of property is this?
The property 500 K St is a house located in Newport Beach, California, 92661.
Is this property for sale now?
Active Listing: 500 K St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 500 K St are: Newport Elementary School: GreatSchools Rating 9/10Horace Ensign Intermediate School: GreatSchools Rating 7/10Newport Harbor High School: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $11,694 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on October 26, 1994 for $625,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 500 K St has 4 bedrooms and 2 full and 1 half bathrooms.
What is the square footage of this property?
The property 500 K St is 2,710 SqFt (source: MLS/tax record).
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This home is located at 500 K St in Newport Beach, CA and zip code 92661 in the Balboa Peninsula neighborhood. This 2,710 square foot home, which was built in 1978, sits on a 0.07 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 23, 2024 and is currently priced at $5,500,000.
Over 23 listings were sold over their listed price in March 2024 in Newport Beach, CA. In the same period over 50 listings were sold below the listed price and 13 listings were sold for the listed price. The inventory of homes for sale in Newport Beach, CA between February 2024 and March 2024 increased by 8.8%. While the average time on the market in March 2024 was 43 days, the median list price was $3,228,690.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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