CA > Newport Beach > Balboa Island - Main Island (Bal
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
Newport Beach, CA 92662,124 Sapphire Avenue
Newport Beach, CA 92662,124 Sapphire Avenue
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Kevin O'keefe

Kevin O'keefe

+1(858) 260-9001
$ 6,400,000
Est. payment | /mo

5 Beds

2.5 Baths

2,370 SqFt

Save
$ 6,400,000
Est. payment | /mo
Save

5 Beds

2.5 Baths

2,370 SqFt

Key Details

Property Type Townhouse

Sub Type Townhome

Listing Status Pending

Purchase Type For Sale

Square Footage 2,370 sqft

Price per Sqft $2,700

Subdivision Balboa Island - Main Island (Bal

MLS Listing ID NP25097121

Bedrooms 5

Full Baths 2

Half Baths 1

Year Built 1938

Lot Size 5,100 Sqft

Lot Dimensions 30X85 each

Property Sub-Type Townhome

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

Direction Balboa Island: Straight on Marine Av, Right on Park Av, Park along Park Ave or turn Right on Sapphire to park along Sapphire Av (1-way).

Interior

Cooling Other/Remarks

Fireplaces Type Other/Remarks

Fireplace No

Exterior

View Y/N Yes

Water Access Desc Public

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 05011101

Acceptable Financing Cash, Cash To New Loan

Listing Terms Cash, Cash To New Loan

MLS Router / San Diego MLS
Listed by Louise Stuart Pacific Coast Realty Group
Kevin O'keefe

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(858) 260-9001

kevin.okeefe@lptrealty.com

10620 Treena St Ste 230, San Diego, CA, 92131-1140, USA

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124 Sapphire Avenue