$3,490,000
3Beds3Baths1,633SqFt
121 Marine AvenueNewport Beach, CA 92662Balboa Island - Main Island
Sold
118 Emerald sold on August 20, 2026 for $3,350,000, 4.3% below the $3,499,000 asking price after 79 days on the market; it was first listed at $3,799,000. The buyer financed the purchase with a conventional loan. The details are below for reference.
118 Emerald, Newport Beach, CA 92662
$3,350,000
- Beds
- 5
- Baths
- 3
- Sq Ft
- 1,893
- Per Sq Ft
- $1,770
- Built
- 1940
- Garage
- 2-car
Call Clark Smith (949) 494-8830
Subdivision Balboa Island - Main Island
15 duplexes sold in the past 12 months · median $3,835,000
About 118 Emerald
Situated on the highly sought-after “Quiet End” of Balboa Island, 118 Emerald Avenue represents a truly rare opportunity to own in one of the island’s most desirable and tightly held locations—less than one block from the harbor and south bayfront.
This is one the last remaining original beach cottage on the 100 Block of Emerald, offering a unique blend of classic coastal charm, immediate usability, and long-term upside potential. Properties of this caliber and positioning seldom come to market.
Currently configured as a duplex with two active short-term rental permits, the property provides exceptional flexibility for both personal enjoyment and income generation.
The front unit is a charming single-story 2-bedroom, 1-bath coastal cottage, featuring a spacious front patio framed by a white picket fence—ideal for relaxing, entertaining, and enjoying the quintessential Balboa Island lifestyle.
The rear unit offers a 3-bedroom, 2-bath split-level layout, complemented by a private 2-car garage, vaulted spatial flow, and functional separation for guests, tenants, or extended family.
Both units are move-in ready, allowing for immediate occupancy or rental income. Alternatively, this property presents a compelling opportunity to design and build a custom luxury residence in an A+ location with enduring value.
Property details for 118 Emerald
This 5-bedroom, 3-bath duplex sits in the Balboa Island - Main Island neighborhood of Newport Beach in Orange County. It offers 1,893 square feet of living space. The home was built in 1940. The MLS record lists the assessor parcel number as 050-041-02. Highlights include a fireplace, an attached two-car garage, air conditioning, and cottage architecture. 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
- $3,350,000
- Days On Site
- N/A
- Bedrooms
- 5
- Inside Area (SqFt)
- 1,893 sqft
- Total Baths
- 3
- Full Baths
- 1
- Partial Baths
- 2
- Lot Size
- N/A
- Year Built
- 1940
- MLS® Number
- PW26082073
- Status
- Sold
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Appraiser
General Features
- Property Type
- Duplex
- MLS Number
- PW26082073
- Year Built
- 1940
- Living Area (sq ft)
- 1,893
- Living Area Source
- Appraiser
- Lot Size (sq ft)
- 2,614
- Lot Size (acres)
- 0.06
- Levels
- Two
- Bedrooms
- 5
- Full Baths
- 1
- Garage Spaces
- 2
- Parking Spaces
- 2
- View
- None
- Parcel Number
- 05004102
- On Market Date
- 2026-04-23
- Listing Terms
- Trust
Interior Features
- Interior Features
- Wood Product Walls, All Bedrooms Up, All Bedrooms Down
- Appliances
- Gas Oven, Gas Range
- Flooring
- Vinyl
- Heating
- Wall Furnace
- Cooling
- Wall Window Units
- Fireplace
- Living Room
- Laundry
- Inside, In Garage
- Main Level Bedrooms
- 3
- Main Level Bathrooms
- 2
- Entry Level
- 1
- Common Walls
- No Common Walls
- Windows
- Blinds, Double Pane Windows
- Accessibility
- None
Exterior Features
- Architectural Style
- Cottage
- Exterior Features
- Awnings
- Roof
- Composition
- Construction
- Wood Siding
- Lot Features
- Zero To One Unit Acre
- Patio and Porch
- Patio
- Parking
- Door Multi, Garage, Garage Faces Rear
- Fencing
- Vinyl, Wood
- Pool Features
- None
- Spa
- None
- Sewer
- Public Sewer
- Water
- Public
- Utilities
- Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Units
- 2
Community Features
- Subdivision
- Balboa Island - Main Island (BALM)
- Community Features
- Suburban, Sidewalks
Property History for 118 Emerald
| Date | Event | Price | Note |
|---|---|---|---|
| Aug 20, 2026 | Sold | $3,350,000 | |
| Apr 23, 2026 | Listed for sale | $3,799,000 |
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 |
School District for 118 Emerald
As listed in the MLS record. Confirm attendance boundaries with the school district.
The MLS record lists the Newport Mesa Unified.
Living in Newport Beach covers its schools, parks and beaches.
Looking for something similar
118 Emerald 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 118 Emerald
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Listed by Lucas Kinney of Balboa Island Estates
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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