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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.

Single Family ResidenceSold · Aug 5, 2024

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.

$5,450,000

MLS# LG24031352

Subdivision Balboa Island - Main Island

23 single-family homes sold in the past 12 months · median $4,875,000

See 18 homes for sale in Balboa Island - Main Island

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

DateEventPriceNote
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.

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Selling near 125 Grand Canal

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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

AddressClosedPriceSq ftPer sq ftDays 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

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.

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