501 Park Avenue, Newport Beach

$5,950,000

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0.12

Acres

Listing Agent
Kevin Bayless - Bayless Real Estate

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.

Features of 501 Park Avenue

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
Area N9 - Lower Newport Bay - Balboa Island
Subdivision Balboa Island - Main Island (BALM)
City Newport Beach
County Orange
Zip Code 92662

Amenities

Parking Spaces 1
# of Garages 1
Is Waterfront No
Has Pool No
Pool None

Interior

Heating Central
Cooling Central Air
Has Basement No
Fireplace No
# of Stories 2
Stories Two

Exterior

Lot Description Corner Lot

Additional Information

Date Listed May 6th, 2024
Days on Market 19
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentKevin Bayless
OfficeBayless Real Estate

Listing Map

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