$5,990,000
700 E OceanfrontNewport Beach, CA 92661Balboa Peninsula (Residential)
Sold
501 Park Avenue sold on September 20, 2024 for $4,950,000. The details are below for reference.
501 Park Avenue, Newport Beach, CA 92662
- 5,080 sq ft
- Built 2015
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$4,950,000
The home
About 501 Park Avenue
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.
Property details for 501 Park Avenue
This home sits in the Balboa Island - Main Island neighborhood of Newport Beach in Orange County. It has 5,080 square feet of living space. The home was built in 2015. The MLS record lists the assessor parcel number as 050-052-35. Highlights include a one-car garage and central air.
Specifications
Home Details
General Features
- Property Type
- Mixed Use
- MLS Number
- OC24090681
- Year Built
- 2015
- Lot Size (sq ft)
- 5,100
- Lot Size (acres)
- 0.1171
- Levels
- Two
- Garage Spaces
- 1
- Parking Spaces
- 1
- Parcel Number
- 05005235
- On Market Date
- 2024-05-06
- Listing Terms
- Standard
Interior Features
- Heating
- Central
- Cooling
- Central Air
- Laundry
- None
- Entry Level
- 1
- Common Walls
- No Common Walls
Exterior Features
- Lot Features
- Corner Lot
- Pool Features
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 3
Community Features
- Subdivision
- Balboa Island - Main Island (BALM)
- Community Features
- Fishing, Water Sports
The record
Property History for 501 Park Avenue
| Date | Event | Price | Note |
|---|---|---|---|
| Sep 20, 2024 | Sold | $4,950,000 | |
| May 6, 2024 | Listed for sale | $5,950,000 |
Added by Realatrends Real Estate
Flood, Fire and Earthquake Zones for 501 Park Avenue
We looked up this home's map point in public government maps. These facts are not part of the MLS listing.
Hazard and noise zones
- Flood zone
Zone AO, inside 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.
- Airport noise
Outside John Wayne Airport's 60 dB CNEL noise contour, 1.0 miles from it.
Airport Land Use Commission for Orange County, Airport Environs Land Use Plan noise contours. Checked October 15, 2026.
Internet and charging
- Fixed internet
Fiber: AT&T, up to 5,000 Mbps, at 30 of 30 residential locations in this census block. Cable: Spectrum, up to 1,000 Mbps, at 30 of 30. DSL: AT&T, up to 50 Mbps, at 4 of 30.
FCC National Broadband Map, provider-reported data as of December 31, 2025, for census block 060590630061010, not for this address. Not endorsed by the FCC. Checked October 15, 2026.
- EV charging
Nearest public charger 0.8 miles away (Tesla Destination, 2 Level 2 ports). 160 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
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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.
See 18 homes for sale in Balboa Island - Main Island Newport Beach housing market
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Listed by Kevin Bayless of Bayless Real Estate
Listing information updated Dec 4, 2024 at 5:58 PM 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.