421 E EDGEWATER AVE
NEWPORT BEACH, CA 92661

$7,945,000

0 Beds

0 Baths

2,640 Sq Ft

Status Active

MLS# NP24058628

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.

Details for 421 E EDGEWATER AVE

$3,009 / Sq Ft

3 parking spaces

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

68 Days on website

0.072 acres lot

Interior

Appliances

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

Fireplace Features

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

Flooring

Carpet, Stone

Interior Features

Attic Fan, Balcony, Bar, Built-in Features, Ceiling Fan(s), High Ceilings, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Stone Counters, Wired For Data

Laundry Features

Dryer Included, Gas Dryer Hookup, Washer Hookup, Washer Included

Living Area

2,640 SqFt.

Building And Construction

Door Features

French Doors

Number Of Units Total

Property Sub Type

Single Family Residence

Property Type

Residential Income

Security Features

["Security System", "Smoke Detector(s)"]

Window Features

Plantation Shutters

Year Built

2003

Exterior And Lot

Exterior Features

Boat Slip, Dock Private

Garage Spaces

Lot Features

0-1 Unit/Acre

Lot Size Acres

0.072

Lot Size Square Feet

3136

Lot Size Units

Square Feet

Parking Features

Driveway Level, Garage Faces Rear, Garage Door Opener, Parking Space, Workshop In Garage

Parking Total

Pool Features

["None"]

Spa Features

["None"]

Waterfront Features

["Bay Front", "Beach Front", "Includes Dock", "Seawall"]

Utilities

Cooling

["Central Air", "Electric"]

Heating

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

Area And Schools

City

Newport Beach

Community Features

Biking, Park, Watersports, Sidewalks, Street Lights

County Or Parish

Orange

Subdivision Name

Balboa Peninsula (Residential) (BALP)

Financial Info

Buyer Agency Compensation^*

2.5%

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.