Cottage

104 Onyx Avenue

Newport Beach , CA 92662

MLS#: NP25265161

$3,695,000

Status: Active
Listing number: NP25265161
Listing provided by: Compass
Listing agent phone: None
Last update: 3 days ago
On site: 29 days ago
Browse Properties
Balboa Island - Main Island (BALM) - Residential

Property

Beds

2

Full Baths

2

1/2 Baths

None

Year Built

2001

Sq.Footage

904

Presenting 104 Onyx, a rare and refined offering on Balboa Island that combines luxury coastal living with impressive investment performance. This elegantly remodeled home holds a coveted short-term rental permit, a highly sought after asset in the City of Newport Beach. Currently operating as a successful, fully turnkey vacation rental, 104 Onyx is generating income that exceeds Newport Beach’s average cap rate, making it a compelling opportunity for investors seeking both lifestyle and long term value. Perfectly positioned as the only rear home on the South Bayfront, this residence offers unobstructed sit-down harbor views from both levels, a rare feature that sets it apart. A private entrance to the upper level provides flexibility for dual living, guest accommodations, or optimized rental income. The home has undergone a comprehensive, high end renovation with no detail overlooked. Upgrades include Wolf appliances, new countertops, wide-plank wood flooring, an upstairs kitchenette, and a striking metal roof. Outdoor living is elevated with thoughtfully designed spaces that maximize the bay views and coastal ambiance. Located just steps from the waterfront and one block from Marine Avenue, 104 Onyx offers immediate access to Balboa Island’s boutiques, dining, and amenities, all while maintaining a sense of privacy and exclusivity. This is a rare opportunity to a special getaway and an income producing asset with proven rental performance, premium views, and a timeless design.

Features & Amenities

Interior

  • Other Interior Features

    Beamed Ceilings, Built-in Features, Ceiling Fan(s), Recessed Lighting, Walk-In Closet(s), Master Downstairs

  • Total Bedrooms

    2

  • Bathrooms

    2

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Baseboard

  • Main Level Bedrooms

    1

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding

  • Other Exterior Features

    Lighting

  • Patio and Porch Features

    Deck, Patio

  • Pool

    Yes

  • Pool Features

    None

  • View

    Bay, Ocean, Water

Area & Lot

  • Lot Size(acres)

    0.0241

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Cottage

Price

  • Sales Price

    $3,695,000

  • Sq. Footage

    904

  • Price/SqFt

    $4,087

HOA

  • Association

    No

School District

  • Elementary School

    Abraham Lincoln

  • Middle School

    Corona Del Mar

  • High School

    Corona Del Mar

Property Features

  • Stories

    2

  • Accessibility Features

    Grip-Accessible Features

  • Foundation Details

    Slab

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    1

  • Water Source

    Public

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Location

County

Orange

Elementary School

Abraham Lincoln

Middle School

Corona Del Mar

High School

Corona Del Mar

Listing Courtesy of Courtney Hackbarth , Compass

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Presenting 104 Onyx, a rare and refined offering on Balboa Island that combines luxury coastal living with impressive investment performance. This elegantly remodeled home holds a coveted short-term rental permit, a highly sought after asset in the City of Newport Beach. Currently operating as a successful, fully turnkey vacation rental, 104 Onyx is generating income that exceeds Newport Beach’s average cap rate, making it a compelling opportunity for investors seeking both lifestyle and long term value. Perfectly positioned as the only rear home on the South Bayfront, this residence offers unobstructed sit-down harbor views from both levels, a rare feature that sets it apart. A private entrance to the upper level provides flexibility for dual living, guest accommodations, or optimized rental income. The home has undergone a comprehensive, high end renovation with no detail overlooked. Upgrades include Wolf appliances, new countertops, wide-plank wood flooring, an upstairs kitchenette, and a striking metal roof. Outdoor living is elevated with thoughtfully designed spaces that maximize the bay views and coastal ambiance. Located just steps from the waterfront and one block from Marine Avenue, 104 Onyx offers immediate access to Balboa Island’s boutiques, dining, and amenities, all while maintaining a sense of privacy and exclusivity. This is a rare opportunity to a special getaway and an income producing asset with proven rental performance, premium views, and a timeless design.

104 Onyx Avenue

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