121 E Edgewater Avenue, Newport Beach, CA | Pacaso
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$1,043,0001/8 Ownership


Whole home list price

$6,995,000

Attributes
4 Beds4 Baths3,434 sq ft

About this home
BEST VALUE ON THE BAYFRONT-BELOW REPLACEMENT COST! BEST VIEWS! Mesmerizing harbor, city lights and mountains from this recently renovated, corner bayfront home with 45' frontage in a quiet area of the Peninsula. No expense was spared creating this magnificent home of modern coastal architecture using exceptional materials and quality craftsmanship. Enjoy the sandy beach and launch your favorite water toy while enjoying the action of Newport Harbor. Glass entry doors open to a soaring atrium with blue lava stone flooring and iron railing. The Great Room offers dining and entertaining areas with 8” white oak hardwood floors by Gaetano, limestone fireplace and new Fleetwood aluminum doors and windows opening to the stone terrace with Lynx BBQ and fire pit for alfresco dining. Kitchen features Thermador appliances, 240 bottle wine display, cabinetry of exotic Sycamore and Wengy woods, quartz waterfall island, Blue Lava stone counters and mosaic backsplash. Elegant powder room and downstairs office could double as a 4th bedroom. The master suite with covered 240 sf balcony offers “jaw-dropping” views, glowing fireplace and opulent master bath with spa tub over-looking the waterways. 2 secondary bedrooms with en-suite bathrooms as well as a loft. The 575 sf roof top deck offers views in all directions. Central A/C, Sonos, garage epoxy flooring, electric car charger. Electronic shades, new roof and full exterior remodel. Rental of dock space next door for a Duffy may be possible...show more
Property Video

How we estimated this 1/8 share price

We used market data to estimate the cost of turning this home into a Pacaso, which includes a full design makeover, LLC formation, and finding qualified owners.

Purchase PriceWhole home: $6,995,000$874,375
Home Upgrades & ClosingInterior design, furnishings, inspection & title$57,000
Pacaso Service FeeBuyer aggregation, legal & financing$111,625

Estimated 1/8 Ownership44+ nights per year$1,043,000

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blue pillows on couch with ocean view

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Listing Agent

Courtesy of - Dean Lueck, Compass

Whole home list price: $6,995,000