$3,799,000

118 Emerald, Newport Beach, CA 92662

5 beds |
3 baths |
1,893 sqft

Condominium
Built in 1940
2,614sqft lot
2 car garage
$2,007/sqft
Listed 26 days ago

Property Description

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 islands most desirable and tightly held locationsless 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 fenceideal 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.

Listing Status:: Active
Date Added:: April 21, 2026
Data Last Updated:: May 20, 2026 at 3:12PM
Listing Office:: Balboa Island Estates : 949-205-6382
Listing Agent:: Lucas Kinney : 949-205-6382
MLS ID:: PW26082073

Appliances: Gas OvenGas Range
Flooring: Linoleum/Vinyl
A/C: Wall/Window
Heating: Wall/Gravity
Fireplace: FP in Living Room
Disability Feature: None

General: N/K
Style: Cottage
Pool: N/K
Parking: Garage - Two DoorParking spaces: 2

Roofing: Composition
General: Wood2

HOA Amenities: 0.0
Originating MLS: California Regional MLS
County: Orange

Zoning: 05004102
View: N/K
Fencing: VinylWood

Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water: Public
Sewer: Public Sewer

Source: California Regional MLS

This listing courtesy of Lucas Kinney , Balboa Island Estates

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Principal & Interest $
Property Taxes $
Home Insurance $
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