421 E Edgewater, Newport Beach, CA 92661

$7,945,000
List Price
$7,945,000
Status
ACTIVE
MLS#
NP24058628
Year Built
2003
Lot Size
3,136
Acres
0.07
Lot Location
0-1 Unit/Acre
Days on Market
26
Property Type
Single Family Residential
Style
Cape Cod
Property Sub Type
Single Family Residence
Stories
Two Levels
Neighborhood
Balboa Peninsula (Residential) (Balp)

Property Description

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.

Additional Information

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
Pool Description
None
Fireplace Description
Dining Room, Gas, Gas Starter, Great Room, Primary Bedroom
Heat
Central, Forced Air, Fireplace(s), Natural Gas
Cooling
Yes
Cooling Description
Central Air, Electric, Attic Fan
View
Bay, City Lights, Coastline, Mountain(s), Panoramic, Water
Exterior Construction
Shingle Siding, Stucco
Roof
Slate
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
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)
Attached Structure
Detached
Number Of Units Total
1

Listing courtesy of Listing Agent: Jodi DiTolla (jodi@ditollarealestate.com) from Listing Office: DiTolla Real Estate.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.