124 Sapphire Avenue, Newport Beach, CA 92662
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
124 Sapphire Avenue,Newport Beach, CA 92662
$6,400,000
- 5 Beds
- 3 Baths
- 2,370 sq. ft.
- Single family
- Active
Listed by: louise stuart, jeffrey butcher
Office: pacific coast realty group
MLS#:CRNP25097121
Source:CA_BRIDGEMLS
Price summary
- Price:$6,400,000
- Price per sq. ft.:$2,700.42
About this home
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.
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Home facts
- Year built:1938
- Listing ID #:CRNP25097121
- Added:195 day(s) ago
- Updated:November 15, 2025 at 04:57 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:1
- Living area:2,370 sq. ft.
Structure and exterior
- Year built:1938
- Building area:2,370 sq. ft.
- Lot area:0.12 Acres
Finances and disclosures
- Price:$6,400,000
- Price per sq. ft.:$2,700.42
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