124 126 Sapphire Avenue

Newport Beach , CA 92662

MLS#: NP25097121

$6,400,000

Status: Active Under Contract
Listing number: NP25097121
Listing provided by: Pacific Coast Realty Group
Listing agent phone: None
Last update: 25 days ago
On site: 6 months ago
Browse Properties
Balboa Island - Main Island (BALM) - Residential

Property

Beds

5

Full Baths

1

1/2 Baths

1

3/4 Baths

1

Year Built

1938

Sq.Footage

2,370

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.

Features & Amenities

Interior

  • Total Bedrooms

    5

  • Bathrooms

    1

  • 1/2 Bathrooms

    1

  • 3/4 Bathrooms

    1

  • Cooling YN

    YES

  • Cooling

    N/A

  • Fireplace YN

    YES

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    Yes

  • Pool Features

    None

  • View

    None

Area & Lot

  • Lot Size(acres)

    0.1171

  • Property Type

    Residential

  • Property Sub Type

    Duplex

Price

  • Sales Price

    $6,400,000

  • Sq. Footage

    2, 370

  • Price/SqFt

    $2,700

HOA

  • Association

    No

School District

  • Elementary School

    Lincoln

  • Middle School

    Corona Del Mar

  • High School

    Corona Del Mar

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    17

  • Water Source

    Public

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Location

County

Orange

Elementary School

Lincoln

Middle School

Corona Del Mar

High School

Corona Del Mar

Listing Courtesy of Louise Stuart , Pacific Coast Realty Group

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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.

124 126 Sapphire Avenue

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