Seller's Agent in 2024
Jake Janz
Arbor Real Estate
(949) 542-0607
2 in this area
13 Total Sales
423 E Edgewater Ave Newport Beach, CA 92661
Central Newport Beach NeighborhoodEstimated Value: $6,996,824 - $8,240,000
3
Beds
3.5
Baths
2,289
Sq Ft
$3,240/Sq Ft
Est. Value
Highlights
- Property has ocean access
- Home fronts a seawall
- Fishing
- Newport Elementary School Rated A
- Boat Slip
- Bay View
About This Home
As of May 2024Indulge 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!
Last Buyer's Agent
Jeb Adams
RE/MAX One License #1391620
Home Details
Home Type
- Single Family
Year Built
- Built in 2002
Lot Details
- 3,124 Sq Ft Lot
- Home fronts a seawall
- Property Fronts a Bay or Harbor
- No Landscaping
- Density is up to 1 Unit/Acre
Parking
- 2 Car Direct Access Garage
- Parking Available
- Rear-Facing Garage
- Single Garage Door
- Parking Lot
Property Views
- Bay
- Harbor
- Panoramic
- City Lights
Home Design
- Cape Cod Architecture
- Traditional Architecture
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 2,289 Sq Ft Home
- 2-Story Property
- Built-In Features
- Skylights
- Gas Fireplace
- Drapes & Rods
- Blinds
- Entryway
- Family Room with Fireplace
- Family Room Off Kitchen
- Combination Dining and Living Room
Kitchen
- Open to Family Room
- Walk-In Pantry
- Kitchen Island
- Granite Countertops
- Pots and Pans Drawers
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Fireplace in Primary Bedroom
- All Upper Level Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
Laundry
- Laundry Room
- Laundry on upper level
- Stacked Washer and Dryer
Home Security
- Alarm System
- Security Lights
- Fire and Smoke Detector
- Fire Sprinkler System
Outdoor Features
- Property has ocean access
- Beach Access
- Boat Slip
- Ocean Side of Freeway
- Balcony
- Concrete Porch or Patio
- Exterior Lighting
- Outdoor Grill
- Rain Gutters
Schools
- Newport Harbor High School
Utilities
- Central Air
- Natural Gas Connected
- Private Water Source
- Phone Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 3 / 2
- Tax Tract Number 95
- Assessor Parcel Number 04811131
- $1,306 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- Balboa Peninsula Subdivision
Recreation
- Fishing
- Water Sports
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 21, 2020
Closed on
Dec 10, 2020
Sold by
Hyde Timothy A and Timothy Hyde Trust
Bought by
Lake Sage Holdings Llc
Seller's Agent
Kim Bibb
Pacific Sotheby's Int'l Realty
Buyer's Agent
Penny Pattillo
Compass
List Price
$5,495,000
Sold Price
$5,475,000
Premium/Discount to List
-$20,000
-0.36%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,556,953
Avg. Annual Appreciation
6.25%
Purchase Details
Closed on
Jun 19, 2014
Sold by
Hyde Timothy A
Bought by
Hyde Timothy A and Timothy Hyde Trust
Purchase Details
Listed on
Feb 13, 2013
Closed on
Apr 17, 2013
Sold by
Rubin Jeffrey J
Bought by
Hyde Timothy A
Seller's Agent
Tara Shapiro
Coldwell Banker Realty
Buyer's Agent
Tara Shapiro
Coldwell Banker Realty
List Price
$4,495,000
Sold Price
$4,150,000
Premium/Discount to List
-$345,000
-7.68%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.70%
Original Mortgage
$2,905,000
Interest Rate
3.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 8, 2010
Sold by
Rubin Jeffrey J
Bought by
Rubin Jeffrey J and Jeffrey J Rubin Trust
Purchase Details
Closed on
Mar 5, 2010
Sold by
Evans Paul Russell and Evans Scottia Phillips
Bought by
Rubin Jeffrey J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,870,000
Interest Rate
4.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 5, 2006
Sold by
Evans Paul R and Evans Scottia P
Bought by
Evans Paul Russell and Evans Scottia Phillips
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lake Sage Holdings Llc | $5,475,000 | Lawyers Title | |
| Hyde Timothy A | -- | None Available | |
| Hyde Timothy A | $4,150,000 | First American Title Company | |
| Rubin Jeffrey J | -- | None Available | |
| Rubin Jeffrey J | $3,400,000 | First American Title | |
| Evans Paul Russell | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hyde Timothy A | $2,905,000 | |
| Previous Owner | Rubin Jeffrey J | $1,870,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/31/2024 05/31/24 | Sold | $6,600,000 | -1.4% | $2,883 / Sq Ft | |
| 05/06/2024 05/06/24 | Price Changed | $6,695,000 | -3.6% | $2,925 / Sq Ft | |
| 04/17/2024 04/17/24 | Price Changed | $6,945,000 | -0.7% | $3,034 / Sq Ft | |
| 02/13/2024 02/13/24 | Price Changed | $6,995,000 | -4.1% | $3,056 / Sq Ft | |
| 11/16/2023 11/16/23 | For Sale | $7,295,000 | +13.1% | $3,187 / Sq Ft | |
| 06/06/2022 06/06/22 | Sold | $6,450,000 | -4.4% | $2,818 / Sq Ft | View Prior Sale |
| 05/09/2022 05/09/22 | Pending | -- | -- | -- | |
| 04/19/2022 04/19/22 | For Sale | $6,749,000 | +23.3% | $2,948 / Sq Ft | |
| 12/28/2020 12/28/20 | Sold | $5,475,000 | -0.4% | $2,392 / Sq Ft | View Prior Sale |
| 12/06/2020 12/06/20 | Pending | -- | -- | -- | |
| 09/21/2020 09/21/20 | For Sale | $5,495,000 | +32.4% | $2,401 / Sq Ft | |
| 05/17/2013 05/17/13 | Sold | $4,150,000 | -3.4% | $1,566 / Sq Ft | View Prior Sale |
| 04/09/2013 04/09/13 | Price Changed | $4,295,000 | -4.4% | $1,621 / Sq Ft | |
| 02/13/2013 02/13/13 | For Sale | $4,495,000 | -- | $1,696 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $71,003 | $6,844,791 | $6,367,248 | $477,543 |
| 2024 | $71,003 | $6,710,580 | $6,242,400 | $468,180 |
| 2023 | $69,348 | $6,579,000 | $6,120,000 | $459,000 |
| 2022 | $60,041 | $5,584,500 | $5,271,158 | $313,342 |
| 2021 | $59,176 | $5,475,000 | $5,167,801 | $307,199 |
| 2020 | $50,752 | $4,672,835 | $4,374,168 | $298,667 |
| 2019 | $49,754 | $4,581,211 | $4,288,400 | $292,811 |
| 2018 | $48,927 | $4,491,384 | $4,204,314 | $287,070 |
| 2017 | $48,074 | $4,403,318 | $4,121,876 | $281,442 |
| 2016 | $47,009 | $4,316,979 | $4,041,055 | $275,924 |
| 2015 | $46,617 | $4,252,134 | $3,980,354 | $271,780 |
| 2014 | $45,511 | $4,168,841 | $3,902,384 | $266,457 |
Source: Public Records
Agents Affiliated with this Home
-
Jake Janz
-
J
Buyer's Agent in 2024
Jeb Adams
RE/MAX
-
Penny Pattillo
Seller's Agent in 2022
Penny Pattillo
Compass
(949) 632-2252
1 in this area
84 Total Sales
-
Don Pattillo
Seller Co-Listing Agent in 2022
Don Pattillo
Compass
(949) 438-4340
1 in this area
33 Total Sales
-
Heather Kidder
Buyer's Agent in 2022
Heather Kidder
Arbor Real Estate
(949) 466-8699
3 in this area
130 Total Sales
-
Kim Bibb
Seller's Agent in 2020
Kim Bibb
Pacific Sotheby's Int'l Realty
(714) 396-0185
19 in this area
118 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP23212373
APN: 048-111-31
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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