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Sold for $2,750,000 on 03/23/23
  • Listing Provided by: 

    Arthur Dorr DRE #01899740 9495009832,

    Balboa Realty

    $2,750,000

    306 Sapphire Ave, Newport Beach, CA 92662

    2beds
    1,379sqft
    Duplex
    Built in 1937
    2,550 Square Feet Lot
    $3,193,900 Zestimate®
    $1,994/sqft
    $6,847 Estimated rent

    What's special

    Located on highly sought-after Balboa Island in Newport Beach, California, this property at 306 Sapphire Ave. presents a unique opportunity for developers or end-users to build their dream house in one of the most desirable locations on the coast. Currently the property is an old original cottage duplex, but it offers endless possibilities for those looking to create a custom residence on this prime piece of real estate. The property's location on Balboa Island provides an exceptional platform to enjoy the coastal lifestyle, with easy access to the beach, bay, and all of the island's amenities. Public dock access is at the end of the block. This property's potential is only limited by the imagination of the buyer. Whether you're a developer looking to create a luxury residence, or an end-user looking to build your dream house, this property offers a highly desirable location on the sunny side of street. Don't miss out on the chance to turn this property into a stunning masterpiece. With its prime location, the option to create something truly special awaits. Contact us today to learn more about this amazing potential project on Balboa Island.

    Zillow last checked: 7 hours ago

    Listing updated: March 23, 2023 at 11:15am

    Listing Provided by:

    Arthur Dorr DRE #01899740 9495009832,

    Balboa Realty

    Bought with:

    Donald Abrams, DRE #01234323

    Abrams Coastal Properties

    Source: CRMLS,MLS#: NP23034690MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • 3/4 bathrooms: 2
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Included: Gas Oven, Gas Range
    • Laundry: In Carport
    Features
    • Ceiling Fan(s)
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,379 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage Faces Rear
    • Attached garage spaces: 1
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 2,550 sqft
    • Features: Walkstreet, Yard
    Details
    • Parcel number: 05013216
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Duplex
    Condition
    • New construction: No
    • Year built: 1937

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs
    Location
    • Region: Newport Beach
    • Subdivision: Balboa Island - Main Island (Balm)

    Other

    Other facts
    • Listing terms: Cash,Conventional,1031 Exchange
    Services availability
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    Estimated market value

    $3,193,900