$6,800,000

beds

baths

half bath

2,370

square ft

124 126 Sapphire Avenue

Newport Beach, California 92662

Active / MLS #NP25097121 / Multiple Unit (2-4) / Newport Beach

Listing information updated 5/7/2025 at 10:22pm

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.

Full Features

Beds Above Grade:

Cooling System:

See Remarks

Pool:

Age:

87 Years

Parking Type:

On Street

Square Feet:

2,370

Lot Size:

5100 Square Feet

Acreage:

0.1171

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

N/A

Location

Zip Code:

92662

City:

Newport Beach

County:

Orange

Schools

School District(s):

Newport Mesa Unified

Elementary School:

Lincoln

Middle School:

Corona Del Mar

High School:

Corona Del Mar

Full Features Taxes & Assessments Location Schools

Beds Above Grade:

Cooling System:

See Remarks

Pool:

Age:

87 Years

Parking Type:

On Street

Square Feet:

2,370

Lot Size:

5100 Square Feet

Acreage:

0.1171

Listing Office: Pacific Coast Realty Group

Disclaimer: Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.