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$3,649,000

  • For Sale
  • Active
  • Duplex
  • 5 Beds
  • 1 Full Bath
  • 2 Partial Baths
  • 1,893 Sq. Ft.
  • 2 Car Garage
  • Updated 13 days ago
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Situated on the highly sought-after "Quiet End" of Balboa Island, 118 Emerald Avenue represents a truly rare opportunity to own in one of the island's most desirable and tightly held locations-less than one block from the harbor and south bayfront. This is one the last remaining original beach cottage on the 100 Block of Emerald, offering a unique blend of classic coastal charm, immediate usability, and long-term upside potential. Properties of this caliber and positioning seldom come to market. Currently configured as a duplex with two active short-term rental permits, the property provides exceptional flexibility for both personal enjoyment and income generation. The front unit is a charming single-story 2-bedroom, 1-bath coastal cottage, featuring a spacious front patio framed by a white picket fence-ideal for relaxing, entertaining, and enjoying the quintessential Balboa Island lifestyle. The rear unit offers a 3-bedroom, 2-bath split-level layout, complemented by a private 2-car garage, vaulted spatial flow, and functional separation for guests, tenants, or extended family. Both units are move-in ready, allowing for immediate occupancy or rental income. Alternatively, this property presents a compelling opportunity to design and build a custom luxury residence in an A+ location with enduring value.

Full Property Details for 118 Emerald

General

  • Price: $3,649,000
  • Status: Active
  • Type: Duplex
  • Source: MRMLS
  • MLS ID: PW26082073
  • Updated: 6/2/2026
  • Days on Market: 54 days
  • Added to Site: 54 day(s) ago

Interior

  • Rooms/Areas: All Bedrooms Down, All Bedrooms Up
  • Interior Features: Wood Product Walls
  • Fireplace: Yes
  • Fireplace(s): Living Room
  • Appliances: Gas Range, Gas Oven
  • Flooring: Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 1
  • 3/4 Bathrooms: 2

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: Inside, In Garage

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Deck/Patio: Patio

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking: Garage Faces Rear, Garage (Two Doors)

Location

  • County: Orange
  • Subdivision: Balboa Island - Main Island (BALM)
  • Driving Directions: main cross streets are park and emerald

School Information

  • School District: Newport Mesa Unified

Community

  • Community Features: Sidewalks, Suburban

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Cottage
  • Structure Type: Duplex
  • Construction: Wood Siding
  • Roof: Composition
  • Common Walls: No Common Walls
  • Windows: Double-Pane Windows, Blinds
  • Disability Access: None
  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 1,893
  • Sq. Ft. Source: Appraiser
  • Year Built: 1940
  • Year Built Source: Estimated

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.06
  • Lot Size (Sq. Ft.): 2,614
  • Lot Size Source: Assessor
  • Lot Description: 0-1 Unit/Acre
  • Fencing (Description): Vinyl, Wood

Financial Considerations

  • Price Per Sq. Ft.: $1,927.63

Disclosures and Reports

  • Special Conditions: Trust

Listed by Balboa Island Estates, Lucas Kinney

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Listing agent

— 118 Emerald —

  • Lucas Kinney

    Balboa Island Estates

lucasandrewkinney@gmail.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 118 Emerald

School District:Newport-Mesa Unified School District
NameGradesDistance
Abraham Lincoln Elementary School, Newport Beach, CA
3101 Pacific View Dr., Newport Beach, CA 92625
K-62.2 mi
Corona Del Mar High School
2101 Eastbluff Drive, Newport Beach, CA 92660
7-122.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 118 Emerald Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/01/2026
Price Reduced
$3,649,000
-3.95%
MLS
4/23/2026
Listed
$3,799,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 118 Emerald

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,343
1%
$476,875
2%
2024
$7,240
2%
$467,525
2%
2023
$7,098
2%
$458,358
2%
2022
$6,990
1%
$449,371
2%
2021
$6,892
35%
$440,560
1%
2020
$5,092
2%
$436,043
2%
2019
$4,995
2%
$427,494
2%
2018
$4,899
2%
$419,112
2%
2017
$4,815
2%
$410,895
2%
2016
$4,711
1%
$402,839
-74%
2015
$4,664
-71%
$1,536,916
2%
2014
$16,307
260%
$1,506,810
289%
2013
$4,525
—
$387,258
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 118 Emerald

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Balboa Island Estates, Lucas Kinney

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118 Emerald, Newport Beach, CA 92662 (MLS# PW26082073) is a Duplex property with 5 bedrooms, 1 full bathroom and 2 partial bathrooms. 118 Emerald is currently listed for $3,649,000 and was received on April 23, 2026. Want to learn more about 118 Emerald? Do you have questions about finding other Duplex real estate for sale in Newport Beach? You can browse all Newport Beach real estate or contact a Coldwell Banker agent to request more information.

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