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Views - Master on Main
Address
405 E Edgewater Avenue Newport Beach, CA
Price
$ 8,995,000
Property Attributes
  • MLS#NP19167847
  • TypeIncome
  • CountyORANGE
  • CityNewport Beach
  • AreaBalboa Peninsula
  • NeighborhoodBalboa Peninsula
  • Zip92661
  • Style
  • Price$ 8,995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4902
  • Lot Size7,126 SqFt
Listing Provided Courtesy Of:
Michelle Peschel with Pacific Sotheby's Int'l Realty.
Property Description

INVESTMENT OPPORTUNITY! Live the beach lifestyle! This prime Balboa Peninsula Bayfront location is situated on a corner lot with 100’ of private white sand beach, a private dock, and 4 large boat slips. 405 Edgewater Avenue presents a rare opportunity to own a property consisting of 4 units, that are perfectly positioned with dramatic views of the bay, Balboa Island and Newport Beach city lights. Sited on a double R2- 7100’ lot with over 4800’ of living space. Consisting of an upstairs master unit, open floor plan, 4/2, second-story loft/bonus room, with floor to ceiling glass and a large front patio. A beautiful 2 bedroom, 2 bath, first-floor unit with a large patio that is three feet from the sand! Attached are 2 large studio units, 3 enclosed attached garages offering parking for 5 cars and 2 outside designated parking spaces. All 4 units have unsurpassed views of the bay, 3 bayfront patios and seating area on the dock is sure to provide extensive outside entertainment and relaxation areas. The quadruplex has recently been remodeled with new hardwood flooring, granite countertops, new or updated kitchens and baths. Experience the finest of coastal living in beautiful Newport Beach with the sand at your doorstep, ocean breezes and world-class amenities just minutes away. Whether you choose to keep one unit for yourself or rent all 4, (short term rental approved) Don't miss this once in a lifetime opportunity! Perfect for 1031.

Price History
10/9/2019 Listed $8,995,000

General Features

Attached Structure Attached
Community Features Watersports
Directions Going South on Balboa Blvd turn left at Adams (before you get to The Fun Zone)left at Bay, right at Cypress
Flooring Wood
HOA Fee 0.00
Levels Two
Listagentaor Newport
Listing Agent Michelle Peschel - BRE#01968673
Listing Agent State License 01968673
MLS Area NP - Balboa Peninsula
Price Per Square Foot 1834.97
Property Attached Y/N Yes
Source System CRMLS
Special Listing Conditions Standard
Subdivision Name Balboa Peninsula (Residential) (BALP)
Subdivision Name Balboa Peninsula (Residential) (BALP)
Total Units 4

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area 1380
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area 2527
3rd Bedroom Area Unit Type Square Feet
Common Walls 1 Common Wall
Dishwasher Count 4
Fireplace Features Bonus Room, Living Room
Fireplace Y/N Yes
Garbage Disposal Count 4
Heating Central
Heating Y/N Yes
Interior Features Balcony, Beamed Ceilings, Cathedral Ceiling(s), High Ceilings, Living Room Deck Attached, Open Floorplan, Recessed Lighting
Laundry Features Common Area, Dryer Included, In Closet, In Garage, Inside, Washer Included
Laundry Y/N Yes
Range Count 4
Refrigerator Count 4
Room Type Bonus Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
Studio Area 500
Studio Area Unit Type Square Feet
Window Features Bay Window(s), Blinds, Plantation Shutters, Screens

Exterior Features

Building Area Total 4902.00
Exterior Features Boat Slip, Boat Slip, Dock Private
Foundation Details Slab
Garage Spaces 5.00
Lot Features 2-5 Units/Acre
Lot Size Acres 0.1636
Lot Size Area 7128.0000
Lot Size Square Feet 7128.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 2
Number of Separate Water Meters 1
Parking Features Assigned, Direct Garage Access, Garage
Parking Y/N Yes
Patio Count 3
Pool Features None
Sewer Public Sewer
Total Parking 7.00
Uncovered Spaces 2.00
Water Source Public
Waterfront Features Bay Front, Beach Access, Beach Front, Includes Dock, Ocean Access

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92661

Price
AVG $4.49M
$9M
Visits
AVG 32
27
Year Built
AVG 1956
1970
Walkscore
AVG 62
74
Data Provided by Walkscore ® not using MLS data

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