Active
421 E Edgewater
Newport Beach CA, 92661
$7,945,000
$3,009.47 per sqft
Active
2,640 sqft
Residential
Built in 2003
Listed by Jodi DiTolla with DiTolla Real Estate 949-228-7263
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.
NP24058628
MLSⓇ ID
March 24, 2024
Listed
May 9, 2024
Updated
Map
421 E Edgewater
Newport Beach CA, 92661
Interior Features
Total Stories
2
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)
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
Laundry Description
Washer Hookup, Gas Dryer Hookup
Floor Description
Carpet, Stone
Fireplace
Yes
Fireplace Description
Dining Room, Gas, Gas Starter, Great Room, Primary Bedroom
Cooling
Yes
Cooling Description
Central Air, Electric, Attic Fan
Heating
Yes
Heating Description
Central, Forced Air, Fireplace(s), Natural Gas
Exterior/Building Features
Lot Size
0.07 Acres
Exterior Features
Boat Slip, Dock
Lot Features
0-1 Unit/Acre
Architectual Style
Cape Cod
Roof
Slate
Sewer
Public Sewer
Other Property Details
Area Name
NP - Balboa Peninsula
Days on Market
37
Garage
Yes
Garage Spaces
2
Parking
Driveway Level, Garage, Garage Door Opener, Garage Faces Rear, One Space, Workshop in Garage
Parking Total
3
View
Yes
View Description
Bay, City Lights, Coastline, Mountain(s), Panoramic, Water
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Waterfront
Yes
Buyer Agency Compensation
2.5%
Listing Contact: 949-228-7263
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. 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. 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 5/9/2024 at 1:41 PM UTC