$4,475,000

500 K St Newport Beach, CA 92661

4 beds
3 full
2,600 sqft
0.07 acres
$1,721 / sqft
House

Property details

About 500 K St

Bay views and a large lot...what more do you need? A delightful, traditional Cape Cod-Style home sited on a sunny corner lot within the sought after seaside community of Peninsula Point. Just steps from the harbor this spacious four bedroom home is well-suited as either a primary residence or fun beach getaway. A flexible floor plan and multiple living and entertaining areas afford a sense of space not found in many beach-close homes. The first floor features separate living and dining areas and an island kitchen with adjoining den that opens to a brick courtyard perfect for BBQ's and al fresco dining. Upstairs there are four bedrooms and a large bonus/family room. The spacious primary suite enjoys its own private terrace with views of the bay. With no shortage of outdoor living space there is a wonderful roof-top deck with panoramic views in every direction, as well as a cheerful front patio perfect for entertaining and enjoying sit down views of the water front and the boats passing by. Central air, three fireplaces and an attached two car garage complete this ideal beach home. Bring your imagination - this home is ready for you to make it your own.

Highlights

Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air, Zoned
Size2,600 sqft
Lot size0.0689 Acres
Year built1978
ParkingDirect Access, Door-Single, Garage, Garage Door Opener, See Remarks
MLS #NP25068754
Attached garage2 spaces
WaterfrontBeach, Navigable Water, Ocean Access
FireplaceDen, Living Room, Primary Bedroom
ViewBay, City Lights, Neighborhood

Virtual tour

Summary

  • MLS Number: NP25068754
  • MLS Name: CRMLS
  • Office Name: Coldwell Banker Realty
  • Office Phone: (949) 478-7781
  • Listing Agent: Tara Foster Shapiro

IDX 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: 4/12/2025, 6:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$4,475,000

500 K St

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Price information

Property sales

DateEventPrice
Oct 26, 1994
Home Sold
$625,000
May 06, 1988
Home Sold
$425,000

Tax history

YearAssessmentProperty Tax
2024$1,142,779$12,417
2023$1,120,372$12,124
2022$1,098,404$11,921
2021$1,076,867$11,694
2020$1,065,826$11,581
2019$1,044,928$11,121
2018$1,024,440$11,121
2017$1,004,353$10,925

History based on county public records data.

Nearby schools

9

Harbor View Elementary School

Public District KG-6

1.0 mi

900 Goldenrod Ave

8

Abraham Lincoln Elementary School

Public District KG-6

1.7 mi

3101 Pacific View Dr

8

Newport Elementary School

Public District KG-6

1.9 mi

1327 W Balboa Blvd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $133,019. The majority of Newport Beach, CA residents have income between $100k-200k annually. The most common type of family is married, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

4%
<35k
30%
35k-100k
33%
100k-200k
33%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

40%
Single, No Kids
5%
Single, with Kids
41%
Married, No Kids
14%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

9%
<11 yrs old
7%
12-17 yrs old
11%
18-34 yrs old
43%
35-64 yrs old
30%
65+ yrs old

What do the neighbors do for fun?

  • PGA/LPGAPGA/LPGA
  • Hiking/backpackingHiking/backpacking
  • Men's TennisMen's Tennis

Where do the neighbors shop?

  • Chico'sChico's
  • Nordstrom RackNordstrom Rack
  • BloomingdalesBloomingdales

Where do the neighbors go to eat?

  • Bonefish GrillBonefish Grill
  • ChipotleChipotle
  • California Pizza KitchenCalifornia Pizza Kitchen

What do the neighbors drive?

  • CadillacCadillac
  • MazdaMazda
  • LexusLexus

What do the neighbors listen to?

  • ClassicalClassical
  • RockRock
  • NewsNews
All data provided by Home Junction and Claritas

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Frequently asked questions

About 500 K St

This home is located at 500 K St in Newport Beach, CA and zip code 92661 in the Balboa Peninsula neighborhood. This 2,600 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 March 29, 2025 and is currently priced at $4,475,000.

Newport Beach, CA housing market in March 2025 saw over 14 listings sold above listed price, more than 26 sold at listed price and over 54 sold below. The number of listings in Newport Beach, CA increased by 3.8% between February and March 2025. While the average time on the market in March 2025 was 43 days, the median list price was $3,578,461.

From Rocket Homes Real Estate and based on county public records data.

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