Check Availability
$6,695,000
↓ $250K (3.6%)
House - For Sale

423 E Edgewater Avenue

Newport Beach, CA 92661
bedrooms
3 Beds
bathrooms
3.5 Baths, 1 Half Bath
square feet
2289 Sqft
$32,874
Estimated Monthly
$0
HOA / Fees

About This Property

Indulge in the epitome of waterfront luxury at 423 E. Edgewater, an opulent bayfront masterpiece nestled on the prestigious Balboa Peninsula in Newport Beach. Meticulously designed for the discerning connoisseur, this turnkey residence unveils a seamless fusion of sophistication and entertainment. The expansive open layout boasts gleaming hardwood floors and a pristine palette of crisp whites, creating an inviting ambiance for both relaxation and social gatherings. Immerse yourself in panoramic harbor vistas and refreshing sea breezes from the living room's intimate fireplace or the resplendent primary suite, featuring its own fireplace and a private balcony overlooking the enchanting harbor.

A culinary haven awaits in the chef's dream kitchen, adorned with custom white cabinetry, glistening countertops, top-of-the-line stainless steel appliances, and a capacious island with a breakfast bar. The luxurious primary ensuite has dual vanities, a glass-enclosed shower, a large soaking tub, and a spacious walk-in closet. Step outside to the beautiful patio, overlooking the beautiful Newport Harbor, a haven for outdoor entertainment with a fire pit table, built-in BBQ, and direct access to your private beach, promising endless sun-soaked days.

Boating enthusiasts will love the private dock that can accommodate a 50 ft vessel, and there's also a bonus slip with ample space for a Duffy, ensuring effortless access to the bay's allure. Additional features include a two-car garage and a convenient indoor laundry room. Ideally situated in proximity to the Newport Harbor Yacht Club, Bay Island, the Balboa Fun Zone, the Wedge, and the area's premier dining, shopping, and entertainment. This residence is perfect for those who seek an unparalleled waterfront lifestyle. Schedule your exclusive tour today!

The manager has listed the unit size as 2289 square feet.
Unit Size
2,289Ft²
Days on Market
174 days
Land Size
0.07 acres
Price per sqft
$2,925
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2002

Listed By

Last updated: 13 hours ago (MRMLSCA #NP23212373)

Price History

Date / Event Date Event Price
May 8, 2024 Price Decreased $6,695,000
↓ $250K (3.6%)
Price Decreased
Apr 18, 2024 Price Decreased $6,945,000
↓ $50K (0.7%)
Price Decreased
Feb 14, 2024 Price Decreased $6,995,000
↓ $300K (4.1%)
Price Decreased
Dec 9, 2023 Relisted $7,295,000
Relisted
Dec 7, 2023 In contract -
In contract
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Basement Area: 0
  • Garage Square Area: 415
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,124
  • Total Building Area: 2,289
  • Building Area: 2,289
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,289
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: THE BALBOA BAYSIDE TRACT
  • Land Acres: 0.072
  • Legal Description 1: A TR BALBOA BAYSIDE TR BLK 2 LOT 3 BALBOA BAYSIDE TRACT BLK 2 LOT 3 AND T6S R10W SEC

Ownership

  • Current Owner : LAL/LAURENDEAU FAMILY TRUST
  • Previous Owner : LAKE SAGE HOLDINGS LLC
  • Owner Before Previous Owner: HYDE TIMOTHY A
  • Owner Before Previous Owner 2: TIMOTHY HYDE TRUST
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Newport-Mesa Unified School District
  • Census Tract: 062800

Geography

  • Subdivision Tract Number: 95
  • Parcel: 048-111-31
  • Block: 2
  • Lot: 3
  • Latitude: 33.6039
  • Longitude: -117.901

    Address

  • Full Address: 423 E Edgewater Ave
  • Address - House Number: 423
  • Street Direction: E
  • Address - Street Name: Edgewater
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Newport Beach
  • Carrier Code: C003
  • 4-Digit Zip Code: 1235
  • Zip Code: 92661

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $69,348
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 07-001

    Appraisal Valuation

  • Standard Deviation: 0.1872
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 75
  • Final Value: 5,521,154
  • High Value: 6,555,244
  • Low Value: 4,487,064

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,837,500
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Jun 06, 2022
  • First Open Lien Mortgage Financing Type: unknown
  • First Open Lien Mortgage Loan Amount: $4,837,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,579,000
  • Assessed Land Value: $6,120,000
  • Assessed Improvements Value: $459,000

    Sales

  • Current Sale Contract Date: May 25, 2022
  • Current Sale Recording Date: Jun 06, 2022
  • Current Sale Transaction ID: 11889789806
  • Current Sale Price: $6,450,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 205437
  • Previous Sale Recording Date: Dec 28, 2020
  • Previous Sale Contract Date: Dec 10, 2020
  • Previous Sale Amount: $5,475,000
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Jun 06, 2022
  • First Mortgage Loan Amount: $4,837,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Jul 01, 2052

    Financing

  • First Mortgage Financing Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3.5 Baths
2,614 ft²
$3,137/ft²
$8,200,000 Nov 7, 2023
-
-
House
4 Beds
4.5 Baths
3,029 ft²
$2,311/ft²
$6,999,000 Oct 17, 2023
-
-
House
4 Beds
6 Baths
3,208 ft²
$2,118/ft²
$6,795,000 Nov 6, 2023
-
-
Multifamily
8 Beds
7 Baths
3,570 ft²
$2,241/ft²
$7,999,000 Aug 25, 2023
-
-

About Newport Beach


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Frequently Asked Questions

When was property at 423 Edgewater Avenue built and last sold?
The property at 423 Edgewater Avenue was built in 2002 and last sold on May 25, 2022 for $6,450,000.
How much is this home worth?
The estimated value of the home located at 423 Edgewater Avenue is $6,913,957.
What are some comparable homes to 423 Edgewater Avenue?
Homes that are comparable to 423 Edgewater Avenue include a house property at 421 East Edgewater Avenue, 200 Balboa Boulevard East, 330 Onyx Avenue.

Nearby Counties
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