Sold
125 Grand Canal sold on August 5, 2024 for $5,450,000, 9.1% below the $5,995,000 asking price after 111 days on the market; it was first listed at $6,495,000. The buyer paid cash. The details are below for reference.

125 Grand Canal, Newport Beach, CA 92662
- 5 beds
- 4 baths
- 2,520 sq ft
- 2,550 sq ft lot
- Built 1985
Own 125 Grand Canal? Request a free home valuation to see what it is worth today.
Subdivision Balboa Island - Main Island
23 single-family homes sold in the past 12 months · median $4,875,000
This property is also on the market under MLS NP24233442 (Residential Lease).
The home
About 125 Grand Canal
Located along the shimmering canal, this Eastern coastal style home offers an opportunity to reside in a prime Balboa Island location - with a coveted private boat dock to match. This spacious, approximately 2,520 square foot fully remodeled haven offers the best of waterfront living. The bright and airy open-concept living area features iconic Newport Harbor views and abounds in elegant details, such as a sizable brick-surround fireplace with a wooden mantle, coffered ceilings, arched windows, and extensive custom millwork. The sun-drenched main level offers access to the two outdoor areas, with the canal-facing patio adjacent to the private dock serving as one of this home's main highlights, ideal for enjoying the local climate and water activities year-round. On the upper floor, the water-facing primary suite is truly grand, with a vaulted beamed ceiling, walls of windows to take in the incredible views, a five-piece bathroom, and access to a large balcony via French doors. The remaining bedrooms are ample and can serve as sleeping quarters, a secondary living area, or a home office. Onsite parking for three cars, including a two-car garage, completes this residence. 125 Grand Canal features a fantastic location, with the boutiques, grocery store, and restaurants of iconic Marine Avenue steps away - and easy access on and off the island for convenience. Minutes away from Fashion Island, John Wayne Airport, and legendary local beaches.
Property details for 125 Grand Canal
This 5-bedroom, 4-bath single-family home sits in the Balboa Island - Main Island neighborhood of Newport Beach in Orange County. It has 2,520 square feet of living space on a 2,550-square-foot lot. The home was built in 1985. The MLS record lists the assessor parcel number as 050-173-23. Highlights include ocean and coastline views, bay frontage, a fireplace, an attached two-car garage, central air, and an updated home.
Specifications
Home Details
General Features
- Property Type
- Single Family Residence
- MLS Number
- LG24031352
- Year Built
- 1985
- Living Area (sq ft)
- 2,520
- Living Area Source
- Assessor
- Lot Size (sq ft)
- 2,550
- Lot Size (acres)
- 0.0585
- Levels
- Two
- Bedrooms
- 5
- Full Baths
- 4
- Garage Spaces
- 2
- Parking Spaces
- 3
- View
- City Lights, Coastline, Neighborhood, Ocean, Water
- Parcel Number
- 05017323
- On Market Date
- 2024-02-25
- Listing Terms
- Standard
Interior Features
- Interior Features
- Breakfast Area, Separate Formal Dining Room, Living Room Deck Attached, Open Floorplan, Stone Counters, Primary Suite
- Appliances
- Dishwasher, Electric Range, Microwave, Refrigerator
- Flooring
- Vinyl
- Heating
- Central
- Cooling
- Central Air
- Fireplace
- Living Room, Primary Bedroom
- Laundry
- Laundry Room
- Main Level Bedrooms
- 1
- Main Level Bathrooms
- 1
- Entry Level
- 1
- Common Walls
- No Common Walls
- Accessibility
- Safe Emergency Egress From Home
Exterior Features
- Architectural Style
- Traditional
- Exterior Features
- Boat Slip, Dock, Lighting
- Lot Features
- Zero To One Unit Acre, Flag Lot, Street Level, Yard
- Patio and Porch
- Deck
- Parking
- Door Multi, Garage, Garage Faces Rear
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
- Condition
- Updated Remodeled, Turnkey
- Units
- 1
Community Features
- Subdivision
- Balboa Island - Main Island (BALM)
- Community Features
- Street Lights, Sidewalks, Water Sports
The record
Property History for 125 Grand Canal
| Date | Event | Price | Note |
|---|---|---|---|
| Aug 5, 2024 | Sold | $5,450,000 | |
| Jul 17, 2024 | Status changed to Pending | From Active Under Contract | |
| Jul 7, 2024 | Status changed to Active Under Contract | From Active | |
| May 21, 2024 | Status changed to Active | From Active Under Contract | |
| May 20, 2024 | Status changed to Active Under Contract | From Active | |
| Apr 30, 2024 | Status changed to Active | From Hold | |
| Apr 30, 2024 | Price reduced | $5,995,000 | From $6,495,000 |
| Apr 8, 2024 | Status changed to Hold | From Active | |
| Feb 25, 2024 | Status changed to Active | From Coming Soon | |
| Feb 25, 2024 | Listed for sale | $6,495,000 |
No prior MLS sales on record for this home since 2012.
Next steps
Looking for something similar
125 Grand Canal is no longer on the market, but comparable homes come up in Newport Beach regularly. We can tell you what this one actually closed at and set up alerts for listings that match it.
Selling near 125 Grand Canal
Thinking of selling nearby? We bring current Balboa Island - Main Island sales data and a clear pricing strategy to every listing, backed by more than 700 closed sales and over $1B in Orange County volume. Start with a free home valuation, or reach out to talk through your options.
The neighborhood
About Newport Beach
Set along the Pacific in Orange County, Newport Beach surrounds Newport Harbor, where Balboa Island, Lido Isle, and the Balboa Peninsula frame one of California's largest recreational harbors. The city stretches from the Balboa and Newport piers to Corona del Mar and Fashion Island, within the Newport-Mesa Unified School District.
Balboa Island - Main Island home sales, past 12 months
- Homes sold
- 23
- Median price
- $4,875,000
- Median days on market
- 16
- Median per sq ft
- $2,590
Recorded MLS closings of single-family homes, Nov 4, 2025 to Nov 4, 2026. Days on market run from listing to going under contract.
Recent Balboa Island - Main Island sales
| Address | Closed | Price | Sq ft | Per sq ft | Days on market |
|---|---|---|---|---|---|
| 306 Alvarado Place | Nov 4, 2026 | $2,699,000 | 1,033 | $2,613 | 207 |
| 118 Sapphire | Oct 30, 2026 | $6,275,000 | 2,321 | $2,704 | 31 |
| 1207 N Bay Front | Oct 14, 2026 | $7,250,000 | 992 | $7,308 | 128 |
| 226 Opal | Oct 9, 2026 | $2,980,000 | 936 | $3,184 | 10 |
| 225 Diamond | Sep 29, 2026 | $7,585,000 | 2,312 | $3,281 | 43 |
See 18 homes for sale in Balboa Island - Main Island Newport Beach housing market
Schools
School District for 125 Grand Canal
As listed in the MLS record. Confirm attendance boundaries with the school district.
The MLS record lists the school district as Newport Mesa Unified.
Living in Newport Beach covers its schools, parks and beaches.
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Listed by John Stanaland of DOUGLAS ELLIMAN OF CALIFORNIA, INC.
Listing information updated Dec 4, 2024 at 3:19 PM PT. Source: CRMLS.
This information 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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.







