124 126 Sapphire Avenue, Newport Beach, CA 92662

• 5 beds |
• 3 baths |
• 2,370 sqft

Property Description

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.

Listing Status:

Pending

Date Added:

May 2, 2025 at 05:00AM

Listing Office:

Pacific Coast Realty Group : 949-422-1108

Listing Agent:

Louise Stuart : 949-422-1108

MLS ID:

NP25097121

Interior

• Laundry: See Remarks
• A/C: See Remarks
• Fireplace: See RemarksFireplace

Exterior

• Pool: None
• Parking: On StreetParking spaces: 0

Construction

• General: 2

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRM
• School District: Newport Mesa Unified
• County: Orange

Lot

• Zoning: 05011101
• View: None

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM

This listing courtesy of Louise Stuart, Pacific Coast Realty Group