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.
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
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#: NP23034690
Originating 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