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This rare Balboa Peninsula bayfront quadruplex features expansive views of Balboa Island, Newport Harbor, Saddleback Mountain, and the city lights of Newport Beach. Located on a corner lot, the property includes 100 square feet of private pristine sand beach, a private dock, and four large boat slips. The home sits on a 7,100 square foot lot with over 4,800 square feet of living space. The four units have recently been updated with granite countertops, stainless steal appliances and wood floors throughout. The property is highlighted by the 2,400 square foot owners unit, which features floor to ceiling glass panoramic views, with an open floor concept, 4 bedrooms, 2 baths, large loft area and laundry room. The lower level unit has 2 bedrooms, 2 bathrooms, shared laundry and a large front patio leading to the sand. The final 2 units are large studios, both with water views. There are three garages with room to park five cars and two designated parking spaces behind the garage. This property is perfect for those looking for a 1031 exchange, a family compound or an opulent owners unit and great rental income.
Offering Price: $8,995,000
Address: 405 Edgewater, Newport Beach
Agent info: Michelle Peschel, Pacific Sotheby’s International Realty
mpeschel@pacificsir.com, 949.413.1222
