421 E Edgewater Newport Beach, CA 92661
Sale
$7,945,000
1 Units
5 Beds
6 Baths
2,640 Area(sq.ft.)
3,136 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 5 | 6 | Yes | n/a | n/a | n/a |
| 1 | 1 | 5 | 6 | $ 0 | $ 0 | $ 0 |
| MLS #: | NP24058628MR |
| Days On Market: | 11 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 3,009 |
| Price per unit: | $ 7,945,000 |
| Year Built: | 2003 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 0 |
Structure
| Community Features: | Biking, Park, Watersports, Sidewalks, Street Lights |
| Security Features: | Security System, Smoke Detector |
| Style: | Cape Cod |
| Sewer: | Public Sewer |
| View Description: | Bay, City Lights, Coastline, Panoramic, Water |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Door Opener, Parking Space |
Interior
| Cooking Appliances: | Gas/Electric Range, Microwave, Self Cleaning Oven |
| AC/Cooling: | Central, Electric |
| Equipment: | Dishwasher, Dryer, Dryer Included, Freezer, Gas Dryer Hookup, Ice Maker, Microwave, Vented Exhaust Fan, Washer, Washer Hookup, Washer Included, Water Line to Refrigerator |
| Heating: | Central, Forced Air, Natural Gas |
| Fireplace Rooms: | Dining, Gas, Gas Starter, Great Room |
| Laundry: | Dryer, Dryer Included, Gas Dryer Hookup, Washer, Washer Hookup, Washer Included |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Slate |
| Spa: | No |
Detailed Map
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Income
