124 126 Sapphire Avenue, Newport Beach, CA 92662
- $6,800,000
- 5
- BD
- 3
- BA
- 2,370
- SqFt
- List Price
- $6,800,000
- Status
- ACTIVE
- MLS#
- NP25097121
- Year Built
- 1938
- Bedrooms
- 5
- Bathrooms
- 3
- Living Sq. Ft
- 2,370
- Lot Size
- 5,100
- Acres
- 0.12
- Lot Location
- Tear Down, Value In Land
- Days on Market
- 42
- Property Type
- Single Family Residential
- Property Sub Type
- Duplex
- Stories
- Two Levels
- Neighborhood
- Balboa Island - Main Island (Balm)
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.
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Additional Information
- Pool Description
- None
- Fireplace Description
- See Remarks
- Cooling
- Yes
- Cooling Description
- See Remarks
- View
- None
- Sewer
- Public Sewer
- Water
- Public
- School District
- Newport Mesa Unified
- Elementary School
- Lincoln
- Middle School
- Corona Del Mar
- High School
- Corona Del Mar
- Attached Structure
- Detached
- Number Of Units Total
- 2
Listing courtesy of Listing Agent: Louise Stuart (lstuart.pcrg@sbcglobal.net) from Listing Office: Pacific Coast Realty Group.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.