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$7,395,000

Beds
4
Baths
4.75
sq ft
3,275

501 L St, Newport Beach, CA 92661

501 L St

Newport Beach, CA 92661

  • 14 days on market
Gracing a premier location just a short walk from the bay and ocean, 501 L Street offers a wonderful opportunity to own a home in the exclusive Balboa Peninsula Point community. Casual seaside living can be found on all three levels boasting high vaulted ceilings and inviting, sunlit rooms. This 4 bedroom, 5.5 bathroom home spans over 3,200 sqft, offering quality craftsmanship and attention to detail curated by Serendipite Design. The floor plan allows for carefree living or elegant entertaining on each level. The main living area on the first floor includes a living room with a fireplace, an open chef's kitchen, stunning island, spacious dining area, laundry/storage room, and a mud room. A media room, full bathroom, and spacious deck can be found on the third floor - the perfect place to take in the ocean breeze while enjoying the city lights and expansive views. This corner lot location allows for beautiful bright light to shine into most windows of the house. Capturing the simplicity of beach living combined with elegant entertaining - 501 L Street is a perfect full-time residence or beach retreat in a prime location.

Details

Property type

Single Family Residence

Est. home value

$6,809,787

Lot size

3,510 sq ft

Price per sq ft

$2,259

Year built

2018

HOA

No

Price History

02/10/2025
CRMLS

CRMLS #NP25008924

Listed
$7,395,000
+84.88%
05/24/2019
CRMLS

CRMLS #NP19122110

Sold
$4,000,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs

High school district: 

Newport Mesa Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$4,322,654
Asking price
$7,395,000
Closing costs (~8% of asking)
-$591,600
Est. remaining loan balance
-$2,480,746
Cash to seller
$4,322,654

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

February 2022

Original loan amount

$3,000,000

Est. remaining balance

$2,480,746

Interest rate

2.33%

Loan type

New Conventional, 15 year

Seller

J Dougall Agan and Svenson Agan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/24/2025 at 1:25 AM

Listing updated: 02/23/2025 at 5:29 PM

Listed by: Kimberly Bibb, Kimberly Bibb, Pacific Sotheby's Int'l RealtyPacific Sotheby's Int'l Realty Phone #: (949) 554-1200

MLS: CRMLS #NP25008924

CRMLS logo

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