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Newport Beach, CA 92661 421 E Edgewater

$7,945,000

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Presented By: Jodi DiTolla with DiTolla Real Estate; 949-228-7263
  • MLS# NP24058628
  • 03/24/2024
  • Request Tour
  • Request Info
  • BedBeds • 5
  • BathBaths • 6
  • FootageSQFT • 2,640
  • GarageGarage • 2

Home Details

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.
Presented By: Jodi DiTolla with DiTolla Real Estate; 949-228-7263

Interior Features for 421 E Edgewater

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesDiningRoom, Gas, GasStarter, GreatRoom, PrimaryBedroom
Fireplace Y/NYes
FlooringCarpet, Stone
Heating Y/NYes
Laundry FeaturesWasherHookup, GasDryerHookup
Total Stories2
Window FeaturesPlantationShutters

Other Rooms

Entry Level1

General for 421 E Edgewater

Additional Parcels Y/NNo
AppliancesItem6BurnerStove, Dishwasher, ElectricRange, FreeStandingRange, Freezer, GasCooktop, Disposal, GasRange, GasWaterHeater, IceMaker, Microwave, RangeHood, SelfCleaningOven, VentedExhaustFan, WaterToRefrigerator, Wate
Architectural StyleCapeCod
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityNewport Beach
Community FeaturesBiking, Park, StreetLights, Sidewalks, WaterSports
Construction MaterialsShingleSiding, Stucco
ContingencyStandard contract contingencies
CoolingCentralAir, Electric, AtticFan
CountyOrange
Current FinancingConventional
Days on Market37
DirectionsBalboa Blvd., left on Adams, left on Edgewater
DisclosuresCoastalZone
ElectricItem220VoltsinGarage, Item220VoltsinKitchen
Electric Expense0.0
Entry LocationSide/Front
Exterior FeaturesBoatSlip, Dock
Fuel Expense0.0
Garage Spaces2.0
Garage Y/NYes
Gross Income0.0
HOA0.0
HOA / Comm AssnNo
HeatingCentral, ForcedAir, Fireplaces, NaturalGas
Home Warranty Y/NNo
Insurance Expense0.0
Interior FeaturesBuiltinFeatures, Balcony, CeilingFans, HighCeilings, LivingRoomDeckAttached, OpenFloorplan, StoneCounters, RecessedLighting, WiredforData, Bar, AllBedroomsUp, WalkInClosets
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Conventional, CalVetLoan, Item1031Exchange
Lot Size Square Feet3136.0
MLS AreaNP - Balboa Peninsula
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Open Parking Spaces1.0
Operating Expense0.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property ConditionBuildingPermit, Turnkey
Property Sub Type AdditionalSingleFamilyResidence
Property SubTypeSingleFamilyResidence
Property TypeResidentialIncome
Rent Control Y/NNo
RoofSlate
Security FeaturesSecuritySystem, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameEdgewater
Subdivision NameBalboa Peninsula (Residential) (BALP)
Tax Lot4
Total Units1
Trash Expense0.0
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, UndergroundUtilities, WaterConnected
ViewBay, CityLights, Coastline, Mountains, Panoramic, Water
View Y/NYes
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense0.0
Waterfront FeaturesBeachFront, BayFront, DockAccess, Seawall
Waterfront Y/NNo
Year Built2003
Year Built SourceBuilder

Exterior for 421 E Edgewater

Building Area Total2640.0
Crops Included Y/NNo
Door FeaturesFrenchDoors
FencingExcellentCondition, StuccoWall
Foundation DetailsSlab
Horse Y/NNo
InclusionsCan be purchased furnished or unfurnished.
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.072
Lot Size Area3136.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters0
Number of Separate Gas Meters0
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesDrivewayLevel, Garage, GarageDoorOpener, GarageFacesRear, OneSpace, WorkshopinGarage
Road Surface TypeAlleyPaved
SpaNo
Total Parking3.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $7,945,000
MLS#NP24058628
List Date 03/24/2024
Property Type Multi-Family
Phone 714.964.3311
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