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.
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.
Property Details
Price:
$6,400,000
MLS #:
NP25097121
Status:
Active
Beds:
5
Baths:
3
Address:
124 Sapphire Avenue
Type:
Single Family
Subtype:
Duplex
Subdivision:
Balboa Island – Main Island BALM
Neighborhood:
n9lowernewportbaybalboaisland
City:
Newport Beach
Listed Date:
Apr 30, 2025
State:
CA
Finished Sq Ft:
2,370
ZIP:
92662
Lot Size:
5,100 sqft / 0.12 acres (approx)
Year Built:
1938
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Schools
School District:
Newport Mesa Unified
Elementary School:
Lincoln
Middle School:
Corona Del Mar
High School:
Corona Del Mar
Interior
Bathrooms
1 Full Bathroom, 1 Three Quarter Bathroom, 1 Half Bathroom
Cooling
See Remarks
Laundry Features
See Remarks
Exterior
Community Features
Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
Parking Features
Street
Parking Spots
0.00
Financial
Map
Community
- Address124 Sapphire Avenue Newport Beach CA
- AreaN9 – Lower Newport Bay – Balboa Island
- SubdivisionBalboa Island – Main Island (BALM)
- CityNewport Beach
- CountyOrange
- Zip Code92662
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124 Sapphire Avenue
Newport Beach, CA
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