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118 Emerald, Newport Beach, CA 92662

Duplex

118 Emerald, Newport Beach, CA 92662 Sold August 2026 CRMLS
$3,350,000Sold August 2026

Listing Agent: Lucas Kinney (DRE #01946207) · Listing Office: Balboa Island Estates · Contact: lucasandrewkinney@gmail.com · Bought with: Nicholas Shepherd · KW Westside Estates · MLS #PW26082073 · Source: CRMLS

5
Bedrooms
3
Bathrooms
1,893
Sq Ft
2,614 sqft
Lot Size
1940
Year Built
Duplex
Type
2
Stories
2
Garage
WallWindowUnits
Cooling
WallFurnace
Heating

How this sale compares

118 Emerald sold for $3,350,000 in August 2026, 4.3% under its $3,499,000 list price, after 79 days on the market. It was first listed at $3,799,000. That works out to $1,770 per square foot on 1,893 square feet. Across 30 closed sales in 92662 over the last 12 months, the median sold price is $4,117,500 and the median is $2,239 per square foot, 26% above this sale's $1,770.

$1,770
This sale, per sq ft
$2,239
92662 median per sq ft (12 mo)
$4,117,500
92662 median sold price (12 mo)
30
Closed sales in 92662 (12 mo)
79
Days on market
−4.3%
Sold vs. list price
QuarterClosed sales in 92662Median sold price
Q1 20262$5,450,000
Q2 202610$5,355,000
Q3 202616$3,618,355
Q4 20262$5,115,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Newport Beach · Homes for sale in 92662

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.

Listing description from the August 2026 sale, as reported to CRMLS.

Sale history

$3,350,000
Sold August 2026 · listed $3,499,000, orig. $3,799,000, on market April 2026, 79 days on market · MLS #PW26082073 · Source: CRMLS
Listing Agent: Lucas Kinney · Listing Office: Balboa Island Estates · Contact: lucasandrewkinney@gmail.com · Bought with: Nicholas Shepherd · KW Westside Estates

Recent sales near 118 Emerald

Closed sales reported in 92662, nearest first, last 12 months. All recent sales in Newport Beach →

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Sale history for this address is based on MLS-reported closed transactions provided through CRMLS. Information is deemed reliable but not guaranteed and should be independently verified. Nalren does not provide price estimates or valuations.

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