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$6,400,000 Sale Pending

  • For Sale
  • Pending
  • Duplex
  • 5 Beds
  • 1 Full Bath
  • 2 Partial Baths
  • 2,370 Sq. Ft.
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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 Property Details for 124 126 Sapphire Ave

General

  • Price: $6,400,000
  • Status: Pending
  • Type: Duplex
  • Source: MRMLS
  • MLS ID: NP25097121
  • Updated: 12/8/2025
  • Added to Site: 261 day(s) ago

Interior

  • Rooms/Areas: See Remarks
  • Fireplace: Yes
  • Fireplace(s): See Remarks

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: See Remarks

Additional Information

  • Pool Description: None

Parking

  • Parking: Street

Location

  • County: Orange
  • Subdivision: Balboa Island - Main Island (BALM)
  • Driving Directions: Balboa Island: Straight on Marine Av, Right on Park Av, Park along Park Ave or turn Right on Sapphire to park along Sapphire Av (1-way).

School Information

  • School District: Newport Mesa Unified
  • Elementary School: LINCOL
  • Middle School: CODEMA
  • High School: CODEMA

Community

  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Heating & Cooling

  • Cooling Type: See Remarks

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Structure Type: Duplex
  • Common Walls: No Common Walls
  • Entry Location: Street
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 2,370
  • Sq. Ft. Source: Assessor
  • Year Built: 1938
  • Year Built Source: Public Records

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.1171
  • Lot Size (Sq. Ft.): 5,100
  • Lot Size Source: See Remarks
  • Lot Dimensions: 30 x 85 each
  • Lot Description: Tear-Down, Value In Land

Financial Considerations

  • Price Per Sq. Ft.: $2,700.42

Disclosures and Reports

  • Special Conditions: Trust

Listed by Pacific Coast Realty Group, Louise Stuart and Pacific Coast Realty Group, Jeffrey Butcher

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Listing agents

— 124 126 Sapphire Ave —

  • Louise Stuart

    Pacific Coast Realty Group

  • Jeffrey Butcher

    Pacific Coast Realty Group

949-278-4084

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 124 126 Sapphire Ave

School District:Newport-Mesa Unified School District
NameGradesDistance
Abraham Lincoln Elementary School, Newport Beach, CA
3101 Pacific View Dr., Newport Beach, CA 92625
K-61.9 mi
Corona Del Mar High School
2101 Eastbluff Drive, Newport Beach, CA 92660
7-122.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 124 126 Sapphire Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/25/2025
Price Reduced
$6,400,000
-5.88%
MLS
5/02/2025
Listed
$6,800,000
—
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 124 126 Sapphire Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$21,133
1%
$1,717,111
2%
2024
$20,837
3%
$1,683,443
2%
2023
$20,314
16%
$1,650,435
-30%
2022
$17,531
31%
$2,346,000
90%
2021
$13,432
1%
$1,235,528
1%
2020
$13,302
2%
$1,222,860
2%
2019
$13,031
2%
$1,198,883
2%
2018
$12,773
2%
$1,175,376
2%
2017
$12,547
2%
$1,152,330
2%
2016
$12,267
—
$1,129,736
2%
2015
$12,223
414%
$1,112,767
512%
2014
$2,379
1%
$181,942
—
2013
$2,358
—
$181,120
—
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 124 126 Sapphire Ave

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

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Pacific Coast Realty Group, Louise Stuart and Pacific Coast Realty Group, Jeffrey Butcher

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124 126 Sapphire Avenue, Newport Beach, CA 92662 (MLS# NP25097121) is a Duplex property with 5 bedrooms, 1 full bathroom and 2 partial bathrooms. 124 126 Sapphire Avenue is currently listed for $6,400,000 and was received on May 02, 2025. Want to learn more about 124 126 Sapphire Avenue? 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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