Property Details
About this Property
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.
MLS Listing Information
MLS #
CRNP25097121
MLS Source
California Regional MLS
Days on Site
14
Interior Features
Fireplace
Other
Cooling
Other
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Garage: 0 Car(s)
Elementary District
Newport-Mesa Unified
High School District
Newport-Mesa Unified
HOA Fee
$0
Contact Information
Listing Agent
Louise Stuart
Pacific Coast Realty Group
License #: 00930542
Phone: –
Co-Listing Agent
Jeffrey Butcher
Pacific Coast Realty Group
License #: 01104911
Phone: (949) 422-1108
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
124 126 Sapphire Ave is a Duplex in Newport Beach, CA 92662. This 2,370 square foot property sits on a 5,100 Sq Ft Lot and features 5 bedrooms & 2 full and 1 partial bathrooms. It is currently priced at $6,800,000 and was built in 1938. This address can also be written as 124 126 Sapphire Ave, Newport Beach, CA 92662.
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This listing information is up-to-date as of May 08, 2025. For the most current information, please contact Louise Stuart
