302 Sapphire Avenue

Newport Beach CA 92662

1056 sq. ft.

2550 sq. ft.

Single-Family

Last sold for $3,050,000

Corey Gulbranson, last sold this property on 08 September 2025 after 60 days on market.

Overview

Welcome to 302 Sapphire Avenue, an original Balboa Island cottage brimming with potential, perfectly positioned on one of the most desirable and centrally located streets in the heart of the Island. Lovingly cared for by the same family for the past 75 years, this rare opportunity offers a classic 3-bedroom, 1-bathroom home with a sunroom addition—perfect for enjoying the coastal breeze or creating additional space to relax or entertain. A standout feature of the property is the spacious, private rear patio—ideal for alfresco dining, morning coffee, or gatherings with friends and family. Complementing this is a welcoming front yard shaded by a mature Elm tree, creating a sociable setting where neighbors and passersby often stop to chat—an enduring Balboa Island tradition. While the existing cottage exudes vintage character, the true value lies in the prime lot and location. This property presents an exceptional canvas for a custom-built dream home in one of Newport Beach’s most iconic neighborhoods. Whether you're looking to restore a piece of island history or build new from the ground up, the possibilities are endless. Sapphire Avenue is renowned for its ideal proximity to the island’s vibrant Marine Avenue shops, dining, and bayfront, making this an unbeatable setting for year-round coastal living or a luxurious vacation retreat. Don’t miss this unique chance to own on one of Balboa Island’s premier interior streets—properties like this rarely come available.

Features

3 bedrooms

1 bathroom

1056 sq. ft. floor area

2550 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Newport Beach over the last 12 months, the estimated median property value of 302 Sapphire Avenue is $6m.

Median value

$6m

Estimated value range

$2.83m - $8.5m

Median days on market

Estimated value trend

increase 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 302 Sapphire Avenue

2025

Sold

$3,050,000

08 Sep 2025 by Corey Gulbranson, of Shorecrest Real Estate, Inc

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.