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$3,799,000

Est. payment - /mo

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5 Beds

3 Baths

1,893 SqFt

Open Sun 1PM-4PM

118 Emerald Newport Beach, CA 92662

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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

Open House

Sun Apr 26, 1:00pm - 4:00pm

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,893 sqft

Price per Sqft $2,006

Subdivision Balboa Island - Main Island (Balm)

MLS Listing ID PW26082073

Bedrooms 5

Full Baths 1

Three Quarter Bath 2

HOA Y/N No

Year Built 1940

Lot Size 2,613 Sqft

Property Sub-Type Duplex

Property Description

Situated on the highly sought-after “Quiet End” of Balboa Island, 118 Emerald Avenue represents a truly rare opportunity to own in one of the island's most desirable and tightly held locations—less than one block from the harbor and south bayfront.

This is one the last remaining original beach cottage on the 100 Block of Emerald, offering a unique blend of classic coastal charm, immediate usability, and long-term upside potential. Properties of this caliber and positioning seldom come to market.

Currently configured as a duplex with two active short-term rental permits, the property provides exceptional flexibility for both personal enjoyment and income generation.

The front unit is a charming single-story 2-bedroom, 1-bath coastal cottage, featuring a spacious front patio framed by a white picket fence—ideal for relaxing, entertaining, and enjoying the quintessential Balboa Island lifestyle.

The rear unit offers a 3-bedroom, 2-bath split-level layout, complemented by a private 2-car garage, vaulted spatial flow, and functional separation for guests, tenants, or extended family.

Both units are move-in ready, allowing for immediate occupancy or rental income. Alternatively, this property presents a compelling opportunity to design and build a custom luxury residence in an A+ location with enduring value.

Location

State CA

County Orange

Area N9 - Lower Newport Bay - Balboa Island

Rooms

Main Level Bedrooms 3

Interior

Interior Features Wood Product Walls, All Bedrooms Up, All Bedrooms Down

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Vinyl

Fireplaces Type Living Room

Fireplace Yes

Appliance Gas Oven, Gas Range

Laundry Inside, In Garage

Exterior

Exterior Feature Awning(s)

Parking Features Door-Multi, Garage, Garage Faces Rear

Garage Spaces 2.0

Garage Description 2.0

Fence Vinyl, Wood

Pool None

Community Features Suburban, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition

Accessibility None

Porch Patio

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type Duplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Cottage

Level or Stories Two

New Construction No

Schools

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 05004102

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Lucas Kinney Balboa Island Estates lucasandrewkinney@gmail.com, DRE #01946207

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