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Description Open House Details Location Schools Recent Sales Virtual Tour
$3,499,000 Est. $12,884 / mo.*

118 Emerald Newport Beach , CA 92662

Property listed by Balboa Island Estates, Lucas Kinney {attribution_contact}

Description

5 Beds
3 Baths
1,893 Sqft
2,614 Sqft lot
0.06 Acre lot
Status: Pending
Property Type: Duplex
Year Built: 1940
Neighborhood: Balboa Island - Main Island (balm)
Days on Website: 118
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.

Open House

Property Details and Features

Appliances & Equipment
GasOven
GasRange
Bathrooms
3 total bathrooms
1 full bathroom
2 three quarter bathrooms
2 main level bathrooms
Bedrooms
5 total bedrooms
3 main level bedrooms
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$3,499,000 - 5Br/3Ba - for Sale in Balboa Island - Main Island (balm), Newport Beach
Virtual Tour

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Contact an Agent

Christopher Lechner

(562) 972-0388

Location

$3,499,000 -
118 Emerald Newport Beach , CA 92662
Subdivision: Balboa Island - Main Island (BALM)

Street View

Nearby Schools

Recent Sales in the Area