CA > Newport Beach
Newport Beach, CA 92662,124 Sapphire Avenue
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Newport Beach, CA 92662,124 Sapphire Avenue
Newport Beach, CA 92662,124 Sapphire Avenue
Newport Beach, CA 92662,124 Sapphire Avenue
Newport Beach, CA 92662,124 Sapphire Avenue
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Nicole Van Parys & Gary Nesen

Nicole Van Parys & Gary Nesen

+1(805) 795-1880
Listed by Louise Stuart • Pacific Coast Realty Group
$ 6,800,000
Est. payment /mo
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124 Sapphire Avenue Newport Beach, CA 92662

5 Beds

3 Baths

2,370 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,370 sqft

Price per Sqft $2,869

MLS Listing ID NP-25097121

Bedrooms 5

Full Baths 1

Half Baths 1

Three Quarter Bath 1

Year Built 1938

Lot Size 5,100 Sqft

Property Sub-Type Duplex

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.

Location

State CA

County Orange

Area N9 - Lower Newport Bay - Balboa Island

Interior

Cooling See Remarks

Fireplaces Type See Remarks

Laundry See Remarks

Exterior

Pool None

Community Features Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

View Y/N No

View None

Building

Lot Description Tear Down, Value In Land

Sewer Public Sewer

Schools

Elementary Schools Lincoln

Middle Schools Corona Del Mar

High Schools Corona Del Mar

agent

Nicole Van Parys & Gary Nesen

License Partners, Private Office Advisors | License ID: 01108944

+1(805) 795-1880

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124 Sapphire Avenue