- 5 Beds
- 3 Baths
- 2,370 Sqft
- .12 Acres
124 126 Sapphire Avenue
DEVELOPER'S DREAM! Rare Opportunity to Develop 2 Side-by-Side Balboa Island Lots! In a desirable mid-Island location,126 & 124 Sapphire Ave, 2 parcels with separate APN numbers, at the corner of Park and Sapphire, have a combined total of app 5100 sqft. Convenient to Marine Ave shopping and dining, within a short walk to the Balboa Ferry, all that Balboa Island has to offer is walkable, and with less congestion. 126 Sapphire: At the corner of Park Ave, this family Duplex reportedly built in 1938, has been modified and expanded over almost 9 decades with unknown permit history. Now a “TEAR DOWN” on an approx. 2550-2614 sqft lot., the 2-story front house was configured with up to 4 bedrooms, 1 1/2 bathrooms, 2 kitchen areas and a den. Upstairs in the rear is a unit of unknown sqft with up to 3 bedrooms & 1 bathroom. 124 Sapphire: The adjacent parcel is reported to be 2,550 sqft, best described as a vacant lot with covered storage/patios and open space. SELLER WILL ONLY CONSIDER SALE OF THE 2 PARCELS TO ONE BUYER. Sale of the 2 parcels is to be contingent upon concurrent closing of both parcels to a single buyer/builder/developer, thus creating a once-in-a-lifetime opportunity with endless possibilities for the right buyer.
Essential Information
- MLS® #NP25097121
- Price$6,400,000
- Bedrooms5
- Bathrooms3.00
- Full Baths1
- Half Baths1
- Square Footage2,370
- Acres0.12
- Year Built1938
- TypeResidential
- Sub-TypeDuplex
- StatusActive
Community Information
- Address124 126 Sapphire Avenue
- CityNewport Beach
- CountyOrange
- Zip Code92662
Area
N9 - Lower Newport Bay - Balboa Island
Subdivision
Balboa Island - Main Island (BALM)
Amenities
- ParkingOn Street
- GaragesOn Street
- ViewNone
- PoolNone
Interior
- CoolingSee Remarks
- FireplaceYes
- FireplacesSee Remarks
- # of Stories2
- StoriesTwo
Exterior
- Lot DescriptionTear Down, Value In Land
School Information
- DistrictNewport Mesa Unified
- ElementaryLincoln
- MiddleCorona Del Mar
- HighCorona Del Mar
Additional Information
- Date ListedApril 30th, 2025
- Days on Market64
Listing Details
- AgentLouise Stuart
- OfficePacific Coast Realty Group
Price Change History for 124 126 Sapphire Avenue, Newport Beach, (MLS® #NP25097121)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $6,800,000 to $6,400,000 |
Louise Stuart, Pacific Coast Realty Group.
Based on information from California Regional Multiple Listing Service, Inc. as of August 13th, 2025 at 7:30pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.