Sold
501 K Street sold on May 11, 2017 for $3,300,000, 5.6% below the $3,495,000 asking price after 37 days on the market. The buyer financed the purchase with a conventional loan. The details are below for reference.
501 K Street, Newport Beach, CA 92661
- 4 beds
- 4 baths
- 3,188 sq ft
- 3,000 sq ft lot
- Built 1998
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$3,300,000
Subdivision Balboa Peninsula Point
26 single-family homes sold in the past 12 months · median $4,575,000
The home
About 501 K Street
Sun-filled California Mediterranean-style home on a large (3,000sft) corner lot within the charming beach community of Balboa Peninsula Point. Sited three doors from the bay, capturing views of the harbor and city lights, this completely remodeled home spans approximately 3,200 interior square feet and encompasses four spacious bedrooms, three and one-half baths and a large upstairs game/media room. Thoughtfully appointed interiors showcase casual coastal appeal with artisan stone and millwork, custom built-ins and an expansive gourmet kitchen with a full complement of professional-grade appliances and a large walk-in pantry. With a welcoming open floor plan the kitchen and adjoining great room lead to the more formal living and dining room spaces. French doors open to a sunny patio with views to the bay, creating a perfect venue for stylish indoor/outdoor entertaining. Upstairs the inviting master suite offers his/hers walk in closets, relaxing spa bath with soaking tub, his/her vanity areas, separate shower, and romantic bay view terrace. Three additional guest rooms and a large media room complete the upper level. Additional amenities include separate laundry room, abundant storage and two car garage with separate third car parking pad. With a thoughtfully conceived floor plan affording space not often found in such a beach-close location 501 K Street provides the perfect backdrop for an abundance of friends and family to come together at the beach.
Property details for 501 K Street
This 4-bedroom, 4-bath single-family home sits in the Balboa Peninsula Point neighborhood of Newport Beach in Orange County. It has 3,188 square feet of living space. The home was built in 1998. The MLS record lists the assessor parcel number as 048-233-24. Highlights include bay and city lights views, a fireplace, an attached two-car garage, central air, and an updated home.
Specifications
Home Details
General Features
- Property Type
- Single Family Residence
- MLS Number
- NP17035225
- Year Built
- 1998
- Living Area (sq ft)
- 3,188
- Living Area Source
- Public Records
- Lot Size (sq ft)
- 3,000
- Levels
- Two
- Bedrooms
- 4
- Full Baths
- 3
- Half Baths
- 1
- Garage Spaces
- 2
- Parking Spaces
- 3
- View
- Bay, City Lights, Neighborhood, Water
- Parcel Number
- 04823324
- On Market Date
- 2017-02-20
- Listing Terms
- Standard
Interior Features
- Interior Features
- Built In Features, Balcony, Breakfast Area, Cathedral Ceilings, Central Vacuum, Separate Formal Dining Room, Eat In Kitchen, Granite Counters, High Ceilings, Open Floorplan, Pantry, Stone Counters, Wired For Sound, All Bedrooms Up, Entrance Foyer, Primary Suite, Walk In Pantry, Walk In Closets
- Appliances
- Six Burner Stove, Built In Range, Double Oven, Dishwasher, Freezer, Disposal, Indoor Grill, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Dryer, Washer
- Flooring
- See Remarks
- Heating
- Forced Air, Natural Gas, Zoned
- Cooling
- Central Air, Gas, Zoned
- Fireplace
- Living Room, Primary Bedroom
- Laundry
- Laundry Room
- Main Level Bathrooms
- 1
- Common Walls
- End Unit, No Common Walls
- Windows
- Blinds, Custom Coverings
Exterior Features
- Lot Features
- Corner Lot
- Patio and Porch
- Patio, Stone, Terrace
- Parking
- Direct Access, Door Single, Garage, Private, One Space, See Remarks
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
- Condition
- Updated Remodeled, Turnkey
- Units
- 1
Community Features
- Subdivision
- Balboa Peninsula Point (BLPP)
- Community Features
- Curbs, Gutters, Storm Drains, Street Lights, Sidewalks, Urban
- Security
- Prewired, Carbon Monoxide Detectors, Smoke Detectors
The record
Property History for 501 K Street
| Date | Event | Price | Note |
|---|---|---|---|
| May 11, 2017 | Sold | $3,300,000 | |
| Feb 20, 2017 | Listed for sale | $3,495,000 |
No prior MLS sales on record for this home since 2012.
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 501 K Street
We looked up this home's map point in public government maps. These facts are not part of the MLS listing.
Hazard zones
- Flood zone
Zone X, 0.2 percent annual chance flood hazard. Outside FEMA's Special Flood Hazard Area.
FEMA National Flood Hazard Layer, FIRM panel 06059C0382K effective March 21, 2019. Checked October 15, 2026.
- Fire hazard severity zone
Not in a fire hazard severity zone on the State Fire Marshal's map.
CAL FIRE, State Fire Marshal map for Local Responsibility Areas, March 24, 2025. Checked October 15, 2026.
- Earthquake fault zone
Outside the Alquist-Priolo Earthquake Fault Zones.
California Geological Survey, Earthquake Fault Zones map, Newport Beach quadrangle, released July 1, 1986. Checked October 15, 2026.
- Liquefaction zone
Inside a Seismic Hazard Zone for liquefaction.
California Geological Survey, Seismic Hazard Zones map, Newport Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Landslide zone
Outside the earthquake-induced landslide zones.
California Geological Survey, Seismic Hazard Zones map, Newport Beach quadrangle, released April 15, 1998. Checked October 15, 2026.
- Tsunami hazard area
Inside the Tsunami Hazard Area on the State's evacuation planning map.
California Geological Survey and Cal OES, Tsunami Hazard Area map for Orange County (2021). Checked October 15, 2026.
Internet and charging
- Fixed internet
Fiber: AT&T, up to 5,000 Mbps, at 5 of 5 residential locations in this census block. Cable: Spectrum, up to 1,000 Mbps, at 5 of 5. Fixed wireless: Verizon, up to 300 Mbps, at 5 of 5.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590628001006, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 0.8 miles away (5 Level 2 ports). 142 public charging ports within 3 miles.
U.S. Department of Energy, Alternative Fuels Data Center. Straight-line distance. Checked October 15, 2026.
These facts are for the listing's map point, which can sit off the lot. A zone line can also cross a lot, and agencies revise their maps. In cities, the fire zone line follows the State Fire Marshal's 2025 map; each city adopts its own map and may add areas. These lines are not a Natural Hazard Disclosure. Check the official maps and the seller's disclosures before you rely on them. Sources for the earthquake zone lines: Reproduced with permission, California Geological Survey, Webservice of Official Maps of Alquist-Priolo Earthquake Fault Zones (2025). Reproduced with permission, California Geological Survey, Webservice of Official Maps of Seismic Hazard Zones (2025).
Official maps
Next steps
Looking for something similar
501 K Street is no longer on the market, but comparable homes come up in Newport Beach regularly. We can tell you what this one actually closed at and set up alerts for listings that match it.
Selling near 501 K Street
Thinking of selling nearby? We bring current Balboa Peninsula Point sales data and a clear pricing strategy to every listing, backed by more than 700 closed sales and over $1B in Orange County volume. Start with a free home valuation, or reach out to talk through your options.
The neighborhood
About Newport Beach
Set along the Pacific in Orange County, Newport Beach surrounds Newport Harbor, where Balboa Island, Lido Isle, and the Balboa Peninsula frame one of California's largest recreational harbors. The city stretches from the Balboa and Newport piers to Corona del Mar and Fashion Island, within the Newport-Mesa Unified School District.
Balboa Peninsula Point home sales, past 12 months
- Homes sold
- 26
- Median price
- $4,575,000
- Median days on market
- 13
- Median per sq ft
- $2,914
Recorded MLS closings of single-family homes, Nov 1, 2025 to Nov 1, 2026. Days on market run from listing to going under contract.
Recent Balboa Peninsula Point sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 2007 Miramar | Oct 29, 2026 | $4,850,000 | 2,408 | $2,014 | 0 |
| 449 M Street | Oct 29, 2026 | $3,800,000 | 1,174 | $3,237 | 12 |
| 2012 E Ocean Boulevard | Sep 28, 2026 | $3,650,000 | 1,643 | $2,222 | 8 |
| 503 L Street | Sep 22, 2026 | $6,600,000 | 3,148 | $2,097 | 93 |
| 1730 E Ocean Boulevard | Sep 18, 2026 | $4,200,000 | 2,100 | $2,000 | 110 |
See homes for sale in Balboa Peninsula Newport Beach housing market
Schools
Schools for 501 K Street
As listed in the MLS record. Confirm attendance boundaries with the school district.
- Elementary
- Newport
- Middle
- Ensign
- High
- Newport Harbor
- District
- Newport Mesa Unified
Living in Newport Beach covers its schools, parks and beaches.
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Listed by Tara Foster Shapiro of HOM Sotheby's International Re
Listing information updated Apr 30, 2021 at 9:21 AM PT. Source: CRMLS.
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. The 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, the 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.