SoldMay 13, 2026

Bought with Pat Patterson from Sailhouse Real Estate

Source: California Regional Multiple Listing Service, Inc #NP25097121

124 Sapphire Avenue, Newport Beach, CA, 92662

$5,810,000

5
3
2370 sq. ft.
5100 sq. ft.

Duplex

30+ days on the market

Sold: May 13, 2026

What's around 124 Sapphire Avenue

About this property

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.

Looking for more information on 124 Sapphire Avenue?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties sold nearby

SoldDec 17, 2025
$3,100,000
315 Sapphire Avenue
Newport Beach CA 92662
5
3
2
Duplex
Listing courtesy of ABRAMS COASTAL PROPERTIES
SoldDec 12, 2025
$4,450,000
117 Marine Avenue
Newport Beach CA 92662
5
5
4
Duplex
Listing courtesy of ABRAMS COASTAL PROPERTIES and MADHU AGARWAL, BROKER

Other properties sold by Pat Patterson

SoldFeb 24, 2026
$3,150,000
615 Poppy Avenue
Newport Beach CA 92625
3
4
2
Condo
Listing courtesy of Berkshire Hathaway HomeServices California Properties (Newport Beach, 92660) and Christie's AKG
SoldFeb 5, 2026
$6,600,000
1204 East Balboa Boulevard
Newport Beach CA 92661
6
2
2
Duplex
Listing courtesy of Daniel T. Morgan, Broker and Sailhouse Real Estate
SoldFeb 3, 2026
$4,485,000
615 Poppy Avenue
Newport Beach CA 92625
3
5
2
Condo
Listing courtesy of Berkshire Hathaway HomeServices California Properties (Newport Beach, 92660) and Surterre Properties Inc.

Browse properties sold in nearby areas

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent