John H Matheson

Earn instant equity with approved plans to add a third floor! Perfectly situated on the coveted Balboa Peninsula, this property offers a fantastic opportunity that will actually double the value of your investment in just 8 months. APPROVED PLANS include a new roof, new siding,new inside laundry room on 2nd floor, new bi-fold doors, new black windows and a new glass elevator to all three floors. The addition on the third floor will have a fifth bed and full bath, large California room with disappearing glass walls that open to arguably the largest roof deck in the area. The magnificent rooftop terrace will be an entertainer's dream with its covered and uncovered lounging areas, outdoor kitchen, fire pit and hot tub overlooking the Newport Harbor. This Cape Cod Contemporary home currently features a large open concept great room and dining area, deluxe chef’s kitchen with 60 inch Viking range, Sub Zero refrigerator and large island. The second floor is highlighted by a gracious master bedroom suite with stunning views of the bay, a generous sitting area, fireplace, and wine refrigerator. Two spacious en suite bedrooms and a bedroom/office complete the second level. Last but certainly not least, you will have direct access to your private beach and private dock capable of accommodating a 65 foot boat and a Duffy. Don't let this opportunity pass you by, call now to get access to the full set of plans and to see the property.

READY TO BUILD with APPROVED PLANS and a SHORT TERM RENTAL PERMIT. This is your opportunity to build a custom home on the iconic Balboa Peninsula, just steps from the bay and a short walk to the beach, the Balboa Pier, Balboa Island Ferry, Fun Zone and the infamous Wedge. Plans for this 3-level home boast a pristine design with an open concept floor plan and an elevator to all three levels. The main level features a chef’s kitchen with a large island and bar seating that opens to an airy and light-filled living area. Adjacent to the kitchen is an outdoor courtyard separated only by glass doors allowing the ultimate indoor/outdoor living with room for a fire pit, grill or seating for entertaining guests. On the second level, a sleek primary suite includes a luxurious spa bathroom with dual vanities, large soaking tub and oversized walk-in shower. The primary suite also features a private balcony and a spacious walk-in closet. There are three secondary bedrooms on the second floor and an additional bedroom with full bath on the third level. The magnificent 1,000+ sq. ft. rooftop terrace is truly an entertainer's dream with its multiple covered and uncovered lounging areas, and plans for an outdoor kitchen, fire pit and hot tub. The oversized 2-car garage will be outfitted with a charging port for an electric vehicle and there is ample room for storage cabinets and bikes. The highly sought after short term rental permit is transferred to the buyer with the sale of the property, which will significantly increase the property’s rental income. This rare offering is a great opportunity for any discerning buyer or investor.

Available both short term and long term Beautifully upgraded 2-bedroom, 1-bathroom corner unit. Features a gourmet kitchen with granite countertops, remodeled stone bathroom, cozy fireplace, and hardwood floors throughout. Light-filled with plenty of windows. Quiet location with a community courtyard for BBQs and entertaining. Includes one-car attached garage with storage and laundry. Located in the heart of CDM Village, close to the beach, top restaurants, boutique shops, library. Pets allowed please inquire. Enjoy year-round beach living!

READY TO BUILD with APPROVED PLANS and a SHORT TERM RENTAL PERMIT. This is your opportunity to build a custom home on the iconic Balboa Peninsula, just steps from the bay and a short walk to the beach, the Balboa Pier, Balboa Island Ferry, Fun Zone and the infamous Wedge. Plans for this 3-level home boast a pristine design with an open concept floor plan and an elevator to all three levels. The main level features a chef’s kitchen with a large island and bar seating that opens to an airy and light-filled living area. Adjacent to the kitchen is an outdoor courtyard separated only by glass doors allowing the ultimate indoor/outdoor living with room for a fire pit, grill or seating for entertaining guests. On the second level, a sleek primary suite includes a luxurious spa bathroom with dual vanities, large soaking tub and oversized walk-in shower. The primary suite also features a private balcony and a spacious walk-in closet. There are three secondary bedrooms on the second floor and an additional bedroom with full bath on the third level. The magnificent 1,000+ sq. ft. rooftop terrace is truly an entertainer's dream with its multiple covered and uncovered lounging areas, and plans for an outdoor kitchen, fire pit and hot tub. The oversized 2-car garage will be outfitted with a charging port for an electric vehicle and there is ample room for storage cabinets and bikes. The highly sought after short term rental permit is transferred to the buyer with the sale of the property, which will significantly increase the property’s rental income. This rare offering is a great opportunity for any discerning buyer or investor. Show more

FULLY APPROVED PERMIT READY PLANS are included for the addition of a third-floor bedroom, bathroom, and large California room with glass walls that open to the largest roof deck in the area with the absolute best views of the Newport Harbor. The magnificent rooftop terrace will be an entertainer's dream with its covered and uncovered lounging areas, outdoor kitchen, fire pit, and hot tub. This is a rare opportunity to substantially increase the value of your waterfront home on the iconic Balboa Peninsula in just 6-7 months. Boating aficionados will love the private beach and private dock that will accommodate a 65ft yacht. This turnkey home features a chef's kitchen with a large island, a 60-inch Viking range, Sub Zero refrigerator, a warming drawer, and three ovens make it perfect for entertaining. The Primary Suite epitomizes luxury living with high vaulted ceilings, two walk in closets, large sitting area, wine refrigerator, and a balcony with fantastic views. There are two spacious en-suites with private bathrooms and a versatile 4th flex room that can serve as an office or bedroom. Whether lounging on the beach, hosting fantastic parties, or taking your Duffy boat out for a sunset cruise, 421 Edgewater will make a fantastic addition to your real estate portfolio. me

A 20-year real estate veteran focusing on helping the individuals and families of Southern California navigate the real estate market.  Whether buying or selling, trust experience.  My expertise is residential real estate and multi-family investments.  

John H Matheson

About John H Matheson

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Recent property sales & transaction history

5 properties

Newport Beach

Family Home, Apartment

$2,350,000 to $7,650,000

2,200 ft² to 2,600 ft²

Properties for sale by listing agent John H Matheson

$8,490,000

$3,400,000

$7,399,000

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John H Matheson

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