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421 E Edgewater, Newport Beach, CA 92661

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For Sale

$7,945,000

5 beds • 6 baths • 2,640 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $3,009.47
    Price per square foot

  • 21-30 Years Old
    Age

  • Fireplace
    Heating System

Explore this Property

EARN INSTANT EQUITY WITH APPROVED PLANS TO ADD A THIRD FLOOR! Perfectly situated on the coveted Balboa Peninsula, this property offers a fantastic opportunity that will actually double the value of your investment in just 8 months. The APPROVED PLANS show a new roof, new siding,new inside laundry room on 2nd floor, new bi-fold doors, new black windows and a new glass elevator to all three floors. The addition on the third floor will have a fifth bed room and full bath, large California room with beautiful glass walls that open to arguably the largest roof deck in the area. The magnificent rooftop terrace will be an entertainer's dream with its covered and uncovered lounging areas, outdoor kitchen, fire pit and hot tub with iconic views of Newport Harbor spanning from Mt. Baldy and down 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 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, fireplace, and wine refrigerator. Two spacious en suite bedrooms and a bedroom/office complete the second level. Last but certainly not least, there is direct access to your private beach and dock that can accommodate a 60 ft boat. Don't let this opportunity pass you by, call now to get access to the full set of plans and see the property.
MLS# NP24058628

Courtesy Of DiTolla Real Estate, Inc.

(949) 228-7263

Property Features

  • Age
    21-30 Years Old
  • Amenities
    Ceiling Fan, Security System, Security System, Attic, Water Front, Wired
  • Appliances
    Cooktop - Gas, Dishwasher, Freezer, Garbage Disposer, Ice Maker, Microwave, Oven - Self-Cleaning, Range, Range - Gas
  • Architecture Style
    Cape Cod
  • Cooling System
    Central A/C
  • Exterior Type
    Stucco
  • Fireplace
    Fireplace
  • Floor Covering
    Carpet
  • Heating Fuel
    Natural Gas
  • Heating System
    Central Furnace, Fireplace, Forced Air
  • Roof Type
    Slate
  • Rooms
    Bedroom, Full Bath, Great Room, Kitchen, Walk-In Closet
  • View Type
    City, Mountain, Panorama, Water

Map and Directions

Directions to 421 E Edgewater, Newport Beach, CA 92661

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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