#NP25042399, Anne Hoover, Listing Office: Surterre Properties Inc.
#NP25097121·
Listing office: Pacific Coast Realty Group·
Listing agent: Louise Stuart·
Listing office phone: 949-278-4084
$6,800,000 List price
124126 Sapphire Ave Newport Beach, CA 92662
5 beds
2 full, 1 partial
2,370 sqft
0.1 acres
$2,869 / sqft
Multi-Family
Property details
About 124126 Sapphire Ave
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.
Highlights
Home typeDuplex
StatusActive
CoolingOther
Size2,370 sqft
Lot size0.1171 Acres
Year built1938
ParkingOn Street
MLS #NP25097121
FireplaceSee Remarks
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Fireplace: See Remarks
- Total Bedroom Count: 5
- Private Pool: No
- Parking: On Street
- Cooling: Other
- List Price: $6,800,000
- Price/SqFt: $2,869
- HOA Amount: $0
- Directions: Balboa Island: Straight on Marine Av, Right on Park Av, Park along Park Ave or turn Right on Sapphire to park along Sapphire Av (1-way).
- Year Built: 1938
- Stories: 2
- Living Area: 2,370 SqFt
- Lot Size: 0.1171 Acres
- MLS Number: NP25097121
- MLS Name: CRMLS
- Office Name: Pacific Coast Realty Group
- Office Phone: (949) 278-4084
- Listing Agent: Louise Stuart
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2025, 2:20:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$6,800,000
124126 Sapphire Ave
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Price information
Property sales
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Tax history
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Nearby schools
9
Harbor View Elementary School
Public District KG-6
1.4 mi
•900 Goldenrod Ave
8
Newport Elementary School
Public District KG-6
1.5 mi
•1327 W Balboa Blvd
7
Mariners Elementary School
Public District KG-6
1.7 mi
•2100 Mariners Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $97,018. The majority of Newport Beach, CA residents have income between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
17%
<35k
35%
35k-100k
29%
100k-200k
19%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
57%
Single, No Kids
4%
Single, with Kids
32%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
5%
12-17 yrs old
14%
18-34 yrs old
40%
35-64 yrs old
36%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Men's Tennis
Hiking/backpacking
Where do the neighbors shop?
Chico's
Bloomingdales
Nordstrom Rack
Where do the neighbors go to eat?
Bonefish Grill
Chipotle
Dominos Pizza
What do the neighbors drive?
Cadillac
Lexus
Mazda
What do the neighbors listen to?
Classical
News
Rock
All data provided by Home Junction and Claritas
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This home is located at 124126 Sapphire Ave in Newport Beach, CA and zip code 92662 in the Balboa Island neighborhood. This 2,370 square foot home, which was built in 1938, sits on a 0.12 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 3, 2025 and is currently priced at $6,800,000.
In April 2025, from all listings sold in Newport Beach, CA there were more than 8 sold above asking price, over 64 sold below and more than 16 were sold right at the asked price. The number of listings in Newport Beach, CA increased by 6.9% between March and April 2025. The median list price of listings available in April 2025 was $3,600,000, while the average time on the real estate market was 41 days.
From Rocket Homes Real Estate and based on county public records data.