124 Sapphire Avenue, Newport Beach, CA 92662

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Glen Henderson

[email protected] +1(619) 889-7646

$6,400,000

Est. payment - /mo

5 Beds

2.5 Baths

2,370 SqFt

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UPDATED:

Key Details

Property Type Townhouse

Sub Type Townhome

Listing Status Active Under Contract

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

Type of Financing Cash,Cash To New Loan

Property 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

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Listed by Louise Stuart Pacific Coast Realty Group

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

124 Sapphire Avenue Newport Beach, CA 92662

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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