27 days on rocket

421 E Edgewater Ave, Newport Beach, CA, 92661

$7,399,000

0 Baths
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingDoor-Multi, Direct Access, Garage Faces Front, Garage, Garage Door Opener
Garage2 spaces
Year Built2003
HeatingCentral, Forced Air, Fireplace(s), Natural Gas
CoolingCentral Air, Electric, Attic Fan
WaterfrontBeach, Bay Front, Dock Access, Seawall
FireplaceGas, Great Room, Primary Bedroom
ViewBay, Other, Harbor, Water
MLS #NP24171407
Lot Size0.07 Acres
StatusActive

About 421 E Edgewater Ave

FANTASTIC WATERFRONT INVESTMENT OPPORTUNITY INCLUDES FULLY APPROVED PLANS! Ideally located right on the bay with the absolute best views of the Newport Harbor and a private dock that will accommodate a 65 ft yacht. The Balboa Island Ferry, the world-famous body surfing spot known as "the Wedge", the Balboa Pier, the oceanfront Balboa Peninsula Park, and restaurants are just steps away from your home. This 4 bed / 4 bath turnkey property features a chef's kitchen with a large island, a 60-inch Viking range, Sub Zero refrigerator, a warming drawer, and double ovens perfect for culinary creations and entertaining. Ample counters and cabinet space are complemented by an extensive bi-level bar with seating. The Primary Suite epitomizes luxury living with a large sitting area, wine refrigerator, and a balcony with magnificent views where you can unwind and soak in the sights and sounds of the harbor. With high vaulted ceilings, plantation shutters, abundant custom built-ins, two walk-in closets, and a spa-like bathroom featuring dual vanity, vaulted ceilings, a soaking tub, and an oversized walk-in shower. Additional upstairs living spaces include two spacious en suites with private bathrooms and large closets and a versatile 4th flex room that can serve as an office or bedroom. This home is the perfect place to relax and enjoy the fun of California coastal living with your private beach, a boat dock, and a private boat slip that can accommodate a 65 ft yacht or easily be reconfigured to allow an even larger boat. Whether lounging in the sun, hosting boat parade parties, or hopping on the Duffy boat for a sunset ride, this bay-front home is a perfect investment or rental property. FULLY APPROVED PERMIT READY PLANS are included for the addition of a third-floor bedroom, bathroom, and a large California room with 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 overlooking the Newport Harbor. Don't miss this amazing opportunity to increase the equity substantially!

Property Details

Property Features

Property Information:

  • Architectural Style: Cape Cod
  • Year Built: 2003
  • Stories: 2

Listing Office:

  • Office Name: DiTolla Real Estate
  • Office Phone: (949) 228-7263
  • Listing Agent: Jodi DiTolla

Interior Features

Interior Information:

  • Appliances: Stove, Convection Oven, Double Oven, Dishwasher, Range, Freezer, Disposal, Gas Oven, Gas Range, Gas Water Heater, Indoor Grill, Ice Maker, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Trash Compactor, Vented Exhaust Fan, Water Heater, Dryer
  • Flooring Type: Stone
  • Interior: Wet Bar, Built-in Features, Balcony, Block Walls, Ceiling Fan(s), Crown Molding, Central Vacuum, Furnished, High Ceilings, Living Room Deck Attached, Pantry, Stone Counters, Recessed Lighting, Storage, Two Story Ceilings, Wired for Data, Wired for Sound, All Bedrooms Up, Walk-In Closet(s)
  • Fireplace: Gas, Great Room, Primary Bedroom

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Beach, Bay Front, Dock Access, Seawall
  • View: Bay, Other, Harbor, Water
  • Exterior: Boat Slip, Dock, Fire Pit

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Door-Multi, Direct Access, Garage Faces Front, Garage, Garage Door Opener

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air, Fireplace(s), Natural Gas
  • Cooling: Central Air, Electric, Attic Fan

School Info

Assigned Schools Information:

  • Newport Harbor High School, Public District Grades 9-12
  • Horace Ensign Intermediate School, Public District Grades 7-8
  • Newport Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Balboa Blvd., left on Adams, left on Edgewater

Price Information

Listing Price Info

Price Summary:

  • List Price: $7,399,000

Tax Information:

  • Annual Amount: $45,408
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Newport Beach, CA.

Med. Sold Price

$3.4M

Med. Price/SqFt

$1,389

Avg. Days On Market

45

# of Sold Homes

86

421 E Edgewater Ave vs Newport Beach

27 DAYS ON ROCKET

-18 Days

$7,399,000

+$3.9M More

KEY TAKEAWAY

This property is $3.9M more than the Median Sold Price in Newport Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #NP24171407

Listing Office:

  • Office Name: DiTolla Real Estate
  • Office Phone: (949) 228-7263
  • Listing Agent: Jodi DiTolla

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 9/16/2024, 3:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 05, 2010Home Sold
$3,590,000

Tax History

YEARPROP. TAXASSESSMENT
2021$45,408$4,281,154
2020$44,972$4,237,257
2019$43,153$4,154,174
2018$43,154$4,072,720
2017$42,389$3,992,863

History based on county public records data.

Payment Calculator

$36.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$22.2K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2332959
8
/10
  • Newport Elementary School

  • 1327 W Balboa Blvd

  • 1.00 miles

  • Public District Grades KG-6

Middle School

school-card-donut-2332960
8
/10
  • Horace Ensign Intermediate School

  • 2000 Cliff Dr

  • 1.37 miles

  • Public District Grades 7-8

High School

school-card-donut-2332961
7
/10
  • Newport Harbor High School

  • 600 Irvine Ave

  • 1.47 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $81,301. Residents of Newport Beach, CA typically earn between $35k-100k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 421 E Edgewater Ave

What is the listing price of this property?

The listing price of 421 E Edgewater Ave property is $7,399,000.

What type of property is this?

The property 421 E Edgewater Ave is a house located in Newport Beach, California, 92661.

Is this property for sale now?

Active Listing: 421 E Edgewater Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 421 E Edgewater Ave are:
Newport Elementary School: GreatSchools Rating 8/10
Horace Ensign Intermediate School: GreatSchools Rating 8/10
Newport Harbor High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $45,408 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 5, 2010 for $3,590,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 421 E Edgewater Ave is 2003.
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Rocket HomesCaliforniaOrange CountyNewport Beach92661421 E Edgewater Ave

This home is located at 421 E Edgewater Ave in Newport Beach, CA and zip code 92661 in the Central Newport Beach neighborhood. This home, which was built in 2003, sits on a 0.07 acre lot. It has been listed on Rocket Homes since August 19, 2024 and is currently priced at $7,399,000.

Newport Beach, CA housing market in August 2024 saw over 13 listings sold above listed price, more than 18 sold at listed price and over 55 sold below. While the average time on the market in August 2024 was 45 days, the median list price was $3,442,900.

From Rocket Homes Real Estate and based on county public records data.

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