• 421 E Edgewater Newport Beach, CA 92661

  • $7,945,000
  • 0
    Bed(s)
  • 0
    Baths
  • 2,640
    Sq Ft
  • 3136
    Sqft
  • Listed By: Jodi DiTolla, DiTolla Real Estate, DRE #01969994
  • Source: CRMLS

Earn instant equity with approved plans to add a third floor! This property is located in a prime location on the desirable Balboa Peninsula and offers an opportunity to double the value of your investment in just 8 months. The approved plans show a new roof, new siding, new inside laundry room on the 2nd floor, new bi-fold doors, new windows, and a new glass elevator that will access all three floors. The third floor addition will include a fifth bedroom and full bath, a large California room with beautiful glass walls that open to arguably the largest roof deck in the area. The rooftop terrace will be perfect for entertaining with its covered and uncovered lounging areas, outdoor kitchen, fire pit, and hot tub, all with iconic views of Newport Harbor spanning from Mt. Baldy down to the Corona Del Mar coastline. This Cape Cod Contemporary home currently features a large open concept great room and dining area, deluxe chef’s kitchen with a 60-inch Viking range, Sub Zero refrigerator, and large island. The second floor is highlighted by a master bedroom suite with stunning views of the bay, a generous sitting area, a fireplace, and a wine refrigerator. Two spacious en suite bedrooms and a bedroom/office complete the second level. Finally, the property offers direct access to your private beach and dock that can accommodate a 60 ft boat. Don't miss out on this incredible opportunity. Call now to get access to the full set of plans and see the property.

Property Type :

Residential Income

County :

Orange

Style :

Residential Income

Sell a home like this and save $476,201 Find Out How

Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Interior Features

Roof : Slate

Exterior Property Features : Boat Slip,Dock

Interior Features: Built-in Features,Balcony,Ceiling Fan(s),High Ceilings,Living Room Deck Attached,Open Floorplan,Stone Counters,Recessed Lighting,Wired for Data,Bar,All Bedrooms Up,Walk-In Closet(s)

Windows: Plantation Shutters

Property Appliances: 6 Burner Stove,Dishwasher,Electric Range,Free-Standing Range,Freezer,Gas Cooktop,Disposal,Gas Range,Gas Water Heater,Ice Maker,Microwave,Range Hood,Self Cleaning Oven,Vented Exhaust Fan,Water To Refrigerator,Water Heater,Dryer,Washer

Fireplace: Dining Room,Gas,Gas Starter,Great Room,Primary Bedroom

Flooring: Carpet,Stone

Cooling Features

Central Air,Electric,Attic Fan

Air Conditioning

Heating Source

Central,Forced Air,Fireplace(s),Natural Gas

Has Heating

Fireplace

Fireplace Features: Dining Room,Gas,Gas Starter,Great Room,Primary Bedroom

Has Fireplace: 1

Building Information

Year Built: 2003

Building Area Total: 2,640

Construction: Shingle Siding,Stucco

Roof: Slate

Exterior Features

Boat Slip,Dock

Foundation

Slab

Security Features

Security System,Smoke Detector(s)

Pool Features

None

Laundry Features

Washer Hookup,Gas Dryer Hookup

Fencing

Excellent Condition,Stucco Wall

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.072

Lot Size Source: Assessor

Lot Size Square Feet: 3136

Listing Price Information

Original List Price: 7,945,000

Listing Contract Date: 2024-03-24

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 04811132

Garage and Parking

Garage Description: Driveway Level,Garage,Garage Door Opener,Garage Faces Rear,One Space,Workshop in Garage

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: NP - Balboa Peninsula

Directions: Balboa Blvd., left on Adams, left on Edgewater

Source Property Type: Residential Income

Area: NP - Balboa Peninsula

Property SubType: Single Family Residence

Building and Construction

Property Age: 21

Common Walls: No Common Walls

Property Condition: Building Permit,Turnkey

Structure Type: Single Family Residence

Year Built Source: Builder

Entry Level: 1

Entry Location: Side/Front

Levels or Stories: Two

Building Total Stories: 2

Homes around $7,945,000

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1119 E Balboa Boulevard.., Newport Beach, CA,92661 $22,500 4 1 1,800 --
1740 E Ocean Boulevard, Newport Beach, CA,92661 $7,800,000 5 5 3,024 2625 Sqft
1577 Miramar Drive, Newport Beach, CA,92661 $4,850,000 4 4 2,558 2450 Sqft
423 E Edgewater Avenue, Newport Beach, CA,92661 $6,945,000 3 3 2,289 3124 Sqft
311 Montero Street, Newport Beach, CA,92661 $2,749,000 3 2 1,339 2100 Sqft
1220 W Bay Avenue, Newport Beach, CA,92661 $68,000,000 6 7 12,749 7132 Sqft
1003 E Balboa Boulevard, Newport Beach, CA,92661 $7,999,000 8 3 3,570 3920 Sqft
200 E Balboa Boulevard, Newport Beach, CA,92661 $6,495,000 4 4 3,029 2400 Sqft
326 L Street, Newport Beach, CA,92661 $3,997,000 3 2 1,420 1400 Sqft
441 Seville, Newport Beach, CA,92661 $7,000,000 5 6 3,863 2800 Sqft

Similar Homes To 421 E Edgewater

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 05/04/2024 @ 17:23

MLS: NP24058628
LISTED BY: Jodi DiTolla, DiTolla Real Estate
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

More Cities with for Sale by Owner Homes

Selling? Save $476,201 when you sell a home like this

Learn More about this Property
Message allows only 500 character

Don't Pay 6% Commistion