Home | Orange County | Newport Beach | 92662 | 124 126 Sapphire Ave
MLS: CRNP25097121 | Status: PendingDoNotShow | Price: $6,400,000
Beds/Baths: 5 / 2 /1
Property Type: Residential
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| 5 | 2 /1 | 2,370 | 5,100 | 1938 |
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.
| Field | Value |
|---|---|
| MLS # | CRNP25097121 |
| MLS Source | California Regional MLS |
| Feature | Details |
|---|---|
| Fireplace | Other |
| Cooling | Other |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Off-Street Parking, Garage: 0 Car(s) |
| Elementary District | Newport-Mesa Unified |
| High School District | Newport-Mesa Unified |
| HOA Fee | $0 |
| Listing Agent | Co-Listing Agent |
|---|---|
| Louise Stuart | Jeffrey Butcher |
| Pacific Coast Realty Group | Pacific Coast Realty Group |
| License #: 00930542 | License #: 01104911 |
| Phone: – | Phone: (949) 422-1108 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 506 Clubhouse Ave | $7,649,900 | 10 | 10/2 | 4,760 | Active |
| 302 S Bay Front | $7,500,000 | 7 | 5 | 2,926 | Contingent |
| 700 E Oceanfront | $6,490,000 | 4 | 3 | 2,310 | Active |
| 707 Begonia Ave | $5,950,000 | 5 | 5/1 | 3,106 | Active |
©2026 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of December 08, 2025. For the most current information, please contact Louise Stuart.