About 124 126 Sapphire Avenue
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.
Features of 124 126 Sapphire Avenue
| MLS® # | NP25097121 |
|---|---|
| Price | $6,800,000 |
| Bedrooms | 5 |
| Bathrooms | 3.00 |
| Full Baths | 1 |
| Half Baths | 1 |
| Square Footage | 2,370 |
| Acres | 0.12 |
| Year Built | 1938 |
| Type | Residential |
| Sub-Type | Duplex |
| Status | Active |
Community Information
| Address | 124 126 Sapphire Avenue |
|---|---|
| Area | N9 - Lower Newport Bay - Balboa Island |
| Subdivision | Balboa Island - Main Island (BALM) |
| City | Newport Beach |
| County | Orange |
| Zip Code | 92662 |
Amenities
| Parking | On Street |
|---|---|
| Garages | On Street |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Cooling | See Remarks |
|---|---|
| Has Basement | No |
| Fireplace | Yes |
| Fireplaces | See Remarks |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | Tear Down, Value In Land |
|---|
School Information
| District | Newport Mesa Unified |
|---|---|
| Elementary | Lincoln |
| Middle | Corona Del Mar |
| High | Corona Del Mar |
Additional Information
| Date Listed | April 30th, 2025 |
|---|---|
| Days on Market | 20 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Louise Stuart |
|---|---|
| Office | Pacific Coast Realty Group |