$15,000,000
For Sale

505 W Edgewater Avenue

Newport Beach, CA 92661
3208 sqft | 4 beds | 4.5 baths | 0.06 acres | #NP24157854
Listing OfficeColdwell Banker Realty
Browse 49 photos
Type:Purchase
Structure:House
Zone:Residential

Description

Situated in a premier and rarely available Bayfront location with captivating Newport Harbor turning basin views, this exquisitely remodeled and immaculately designed 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 truly turn-key waterfront living. 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.

  • Property Details
      • InteriorBeamedCeilings, WetBar, BuiltInFeatures, Balcony, CrownMolding, CathedralCeilings, HighCeilings, Pantry, QuartzCounters, StoneCounters, Re
      • Utility FeaturesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
      • ViewBay, CityLights, Harbor, Mountains, Neighborhood, Panoramic, Water
      • SubdivisionBalboa Peninsula (Residential) (BALP)
      • Lot DescriptionLandscaped, StreetLevel, Walkstreet
      • Exterior MaterialsAwnings, Barbecue, Lighting
      • Property SubtypeSingleFamilyResidence
      • School DistrictNewport Mesa Unified
      • Sewer InformationPublicSewer
      • Original List Price$15,000,000
      • MLS #NP24157854
      • MLS #NP24157854
      • Property TypePurchase
      • Cost15000000
      • Acres0.0643
      • Utility SourcePublic
      • CountyOrange
      • Structure TypeHouse
      • Square Feet3208
      • Year Built2004
      • Bathrooms4.5
      • Bedrooms4
      • Full Baths4
      • Half Baths1
      • Stories2
      • Parking Spaces2

Location

Marco AsaroReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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