This desirable corner lot duplex on Balboa Island offers a rare opportunity for luxurious living or a savvy investment. Perfect for builders, investors, and developers seeking a prime coastal property.
The spacious main unit features 3 bedrooms, 1.5 bathrooms, with direct garage access. The back unit above the garage has 1 bedroom and 1 full bath, offering comfort and charm. Complete with two garages for a total of three parking spaces.
Enjoy peek-a-boo bay views and spectacular sunsets with a courtyard deck between the units and a 2nd-level attached deck to the main unit. Centrally located just seconds away from the ferry, Marine Avenue and the waterfront—this property is overflowing with possibilities.
Don’t miss the chance to make a piece of Balboa Island yours in one of Orange County’s most sought-after locations!
For sale
Listing Provided by:
Brandon McTeer DRE #02147048 714-875-2303,
Realty One Group West
Price cut: $50K (6/19)
$3,245,000
201 Diamond Ave, Newport Beach, CA 92662
4beds
1,843sqft
Est.:
Duplex
Built in 1929
2,614 Square Feet Lot
$-- Zestimate®
$1,761/sqft
$-- HOA
What's special
Comfort and charmCourtyard deckDirect garage accessSpectacular sunsetsCorner lotSpacious main unitTwo garages
- 218 days
- on Zillow |
- 761 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: June 30, 2025 at 11:27am
Listing Provided by:
Brandon McTeer DRE #02147048 714-875-2303,
Realty One Group West
Source: CRMLS,MLS#: OC25004489
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Bedroom, Kitchen
Bedroom
- Features: All Bedrooms Up
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: In Garage
Features
- Balcony, Ceiling Fan(s), All Bedrooms Up
- Flooring: Carpet, Tile, Wood
- Has fireplace: Yes
- Fireplace features: Family Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,843 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage
- Attached garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Entry location: Park Ave Gate
- Patio & porch: Deck
- Pool features: None
- Fencing: Vinyl
- Has view: Yes
- View description: Bay, Harbor, Peek-A-Boo
- Has water view: Yes
- Water view: Bay,Harbor
Lot
- Size: 2,614 Square Feet
- Features: Corner Lot, Rectangular Lot
Details
- Parcel number: 05009215
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1929
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected
Community & HOA
Community
- Features: Storm Drain(s), Street Lights, Suburban, Sidewalks
- Subdivision: Balboa Island - Main Island (Balm)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,761/sqft
- Tax assessed value: $2,028,780
- Annual tax amount: $24,542
- Date on market: 1/9/2025
- Listing terms: Cash to New Loan,Conventional,1031 Exchange
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