118 Emerald Avenue

Newport Beach CA 92662

1893 sq. ft.

2614 sq. ft.

Duplex

Last sold for $3,350,000

Lucas Kinney, last sold this property on 20 August 2026 after 118 days on market.

Overview

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.

Features

5 bedrooms

3 bathrooms

2 carspaces

2 garage spaces

1893 sq. ft. floor area

2614 sq. ft. lot size

Duplex

Estimated Value

Based on this property and similar 5 bedroom duplexes sold in Newport Beach over the last 12 months, the estimated median property value of 118 Emerald Avenue is $3.75m.

Median value

$3.75m

Estimated value range

$3.1m - $5.81m

Median days on market

Estimated value trend

-50%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Newport Beach. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 118 Emerald Avenue

2026

Sold

$3,350,000

20 Aug 2026 by Lucas Kinney, of Balboa Island Estates

Happy sellers in Newport Beach

We have insufficient information to provide an overview of customer satisfaction for Newport Beach. Viewing the agent profiles, reviews and sales for Newport Beach can provide insights for this location.