421 Edgewater, Newport Beach
$7,945,000
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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.
Essential Information
- MLS® #
- NP24058628
- Price
- $7,945,000
- Bedrooms
- 5
- Bathrooms
- 6.00
- Acres
- 0.07
- Year Built
- 2003
- Type
- Residential Income
- Sub-Type
- Single Family Residence
- Style
- Cape Cod
- Status
- Active
Community Information
- Address
- 421 Edgewater
- Area
- NP - Balboa Peninsula
- City
- Newport Beach
- County
- Orange
- Zip Code
- 92661
Subdivision
Balboa Peninsula (Residential) (BALP)
Amenities
- Parking Spaces
- 3
- # of Garages
- 2
- Pool
- None
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Cable Connected, Underground Utilities
Parking
Garage, Garage Faces Rear, One Space, Driveway Level, Garage Door Opener, Workshop in Garage
Garages
Garage, Garage Faces Rear, One Space, Driveway Level, Garage Door Opener, Workshop in Garage
View
City Lights, Mountain(s), Panoramic, Bay, Coastline, Water
Waterfront
Bay Front, Beach Front, Dock Access, Seawall
Interior
- Interior
- Carpet, Stone
- Fireplace
- Yes
- # of Stories
- 2
- Stories
- Two
Interior Features
Built-in Features, Balcony, Ceiling Fan(s), High Ceilings, Open Floorplan, Stone Counters, Recessed Lighting, Wired for Data, All Bedrooms Up, Walk-In Closet(s), Bar, Living Room Deck Attached
Appliances
Dishwasher, Electric Range, Freezer, Gas Cooktop, Disposal, Gas Range, Gas Water Heater, Ice Maker, Microwave, Water To Refrigerator, Water Heater, Dryer, Free-Standing Range, 6 Burner Stove, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Washer
Heating
Central, Forced Air, Fireplace(s), Natural Gas
Cooling
Central Air, Electric, Attic Fan
Fireplaces
Dining Room, Gas, Gas Starter, Great Room, Primary Bedroom
Exterior
- Exterior
- Stucco, Shingle Siding
- Exterior Features
- Boat Slip, Dock
- Lot Description
- 0-1 Unit/Acre
- Windows
- Plantation Shutters
- Roof
- Slate
- Construction
- Stucco, Shingle Siding
- Foundation
- Slab
Additional Information
- Date Listed
- March 24th, 2024
- Days on Market
- 39
Listing Details
- Agent
- Jodi Ditolla
- Office
- DiTolla Real Estate
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of May 1st, 2024 at 11:45pm PDT. 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, 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.