Homes for sale - 124 Sapphire Avenue, Newport Beach, CA 92662

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Leo Peak

leo@leopeak.com +1(415) 816-1469

$ 6,800,000

Est. payment | -/mo

5 Beds

2 Baths

2,370 SqFt

Save

$ 6,800,000

Est. payment | -/mo

Save

5 Beds

2 Baths

2,370 SqFt

Key Details

Property Type Commercial

Sub Type Duet

Listing Status Active

Purchase Type For Sale

Square Footage 2,370 sqft

Price per Sqft $2,869

MLS Listing ID CRNP25097121

Bedrooms 5

Full Baths 1

Half Baths 2

HOA Y/N No

Year Built 1938

Lot Size 5,100 Sqft

Acres 0.1171

Property Sub-Type Duet

Property Description

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 â€œTEAR DOWNâ€ 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.

Location

State CA

County Orange

Interior

Cooling See Remarks

Fireplaces Type See Remarks

Fireplace Yes

Laundry See Remarks

Exterior

Pool None

View Y/N false

View None

Private Pool false

Building

Lot Description Street Light(s), Storm Drain

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two Story

New Construction No

Schools

School District Newport-Mesa Unified

Others

Tax ID 05011101

© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

Listed by Louise Stuart • Pacific Coast Realty Group

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(415) 816-1469

leo@leopeak.com

39899 Balentine Dr # 200, Newark, CA, 94560, United States

124 Sapphire Avenue Newport Beach, CA 92662