$6,395,000
3Beds4Baths2,321SqFt
118 SapphireNewport Beach, CA 92662Balboa Island - Main Island
Sold
124 126 Sapphire Avenue sold on May 13, 2026 for $5,810,000, 9.2% below the $6,400,000 asking price after 206 days on the market, including an earlier listing; it was first listed at $6,800,000. The buyer financed the purchase. The details are below for reference.
124 126 Sapphire Avenue, Newport Beach, CA 92662
$5,810,000
- Beds
- 5
- Baths
- 3
- Sq Ft
- 2,370
- Per Sq Ft
- $2,451
- Built
- 1938
Call Clark Smith (949) 494-8830
Subdivision Balboa Island - Main Island
15 duplexes sold in the past 12 months · median $3,835,000
About 124 126 Sapphire Avenue
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.
Property details for 124 126 Sapphire Avenue
This 5-bedroom, 3-bath duplex sits in the Balboa Island - Main Island neighborhood of Newport Beach in Orange County. It offers 2,370 square feet of living space. The home was built in 1938. The MLS record lists the assessor parcel number as 050-111-01. Highlights include a fireplace. The detail sections on this page cover interior and exterior features, estimated taxes, HOA dues where they apply, and the map location.
Home Details
- Price
- $5,810,000
- Days On Site
- N/A
- Bedrooms
- 5
- Inside Area (SqFt)
- 2,370 sqft
- Total Baths
- 3
- Full Baths
- 1
- Partial Baths
- 2
- Lot Size
- N/A
- Year Built
- 1938
- MLS® Number
- NP25097121
- Status
- Sold
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Assessor
General Features
- Property Type
- Duplex
- MLS Number
- NP25097121
- Year Built
- 1938
- Living Area (sq ft)
- 2,370
- Living Area Source
- Assessor
- Lot Size (sq ft)
- 5,100
- Lot Size (acres)
- 0.1171
- Levels
- Two
- Bedrooms
- 5
- Full Baths
- 1
- Half Baths
- 1
- View
- None
- Parcel Number
- 05011101
- On Market Date
- 2025-05-02
- Listing Terms
- Trust
Interior Features
- Cooling
- See Remarks
- Fireplace
- See Remarks
- Laundry
- See Remarks
- Main Level Bathrooms
- 2
- Entry Level
- 1
- Common Walls
- No Common Walls
Exterior Features
- Lot Features
- Tear Down, Value In Land
- Parking
- On Street
- Pool Features
- None
- Sewer
- Public Sewer
- Water
- Public
- Units
- 2
Community Features
- Subdivision
- Balboa Island - Main Island (BALM)
- Community Features
- Curbs, Gutters, Storm Drains, Street Lights, Sidewalks
Property History for 124 126 Sapphire Avenue
| Date | Event | Price | Note |
|---|---|---|---|
| May 13, 2026 | Sold | $5,810,000 | |
| May 2, 2025 | Relisted | $6,800,000 |
No prior MLS sales on record for this home since 2012.
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
15Homes sold
$3,835,000Median price
59Median days on market
$1,667Median per sq ft
Recorded MLS closings of duplexes, Sep 20, 2025 to Sep 20, 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 |
|---|---|---|---|---|---|
| 118 Emerald | Aug 20, 2026 | $3,350,000 | 1,893 | $1,770 | 79 |
| 1403 N Bayfront | Aug 3, 2026 | $5,600,000 | 2,105 | $2,660 | 27 |
| 216 Amethyst | Jul 30, 2026 | $3,180,000 | 2,363 | $1,346 | 147 |
| 302 S Bay Front | Jun 25, 2026 | $7,105,000 | 2,926 | $2,428 | 60 |
| 137 Topaz | Jun 4, 2026 | $3,835,000 | 2,545 | $1,507 | 6 |
Schools for 124 126 Sapphire Avenue
As listed in the MLS record. Confirm attendance boundaries with the school district.
- Elementary
- Lincoln
- Middle
- Corona Del Mar
- High
- Corona Del Mar
- District
- Newport Mesa Unified
Living in Newport Beach covers its schools, parks and beaches.
Looking for something similar
124 126 Sapphire Avenue 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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Listed by Louise Stuart of Pacific Coast Realty Group
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.
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