3
Bedrooms
Sold for $6,275,000 · Oct 2026
SOLDListed at $6,395,000
Newport Beach, CA
MLS# NP26196169
Ryan Gunderson
Listing Agent
Arbor Real Estate
DRE #: 01869795
Brokerage: Arbor Real Estate
3
Bedrooms
4
Bathrooms
2,321 sqft
Square Feet
2009
Year Built
2,550 sqft
Lot Size
$2,704
Price/Sq Ft
2
Garage Spaces
N/A
HOA
Single Family Home
Property Type
Spectacular custom home in the highly desirable 100 block of Sapphire, offering an incredible combination of indoor/outdoor living, Bay views, and generous entertaining spaces across three levels. An elevated front patio with views toward the Bay opens to an expansive great room with fireplace and beautiful built-in shelving, dining area, and a stunning chef’s kitchen with large island, bar seating, and abundant storage. Bifold doors open to a private interior courtyard, creating an additional outdoor entertaining space directly off the main level. Also on the first floor are a dedicated laundry room, powder bath, and temperature-controlled walk-in wine cellar. The second level is highlighted by a spacious primary suite with high ceilings, a private balcony with Bay views, generous closet space, and a large primary bath, along with two guest bedrooms, an additional bath, a covered outdoor deck, and a large den offering flexible space for a media room, family room, or additional lounge. The third level features a loft/den, oversized storage area, and an expansive rooftop deck with fireplace, sink, entertaining areas, and beautiful views toward the Bay. The home was thoughtfully designed with dedicated space for the future installation of an elevator servicing all three levels, providing the opportunity to add elevator access without sacrificing existing living space. Additional features include central air conditioning, a two-car garage, outdoor shower, and more. This is a rare opportunity to own an outstanding custom home with exceptional indoor/outdoor spaces, tremendous flexibility, and Bay views in one of the most sought-after locations in the 100 block of Balboa Island.
Listing description from the October 2026 sale, as reported to CRMLS.
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1 recorded sale
118 Sapphire sold for $6,275,000 in October 2026, 1.9% under its $6,395,000 list price, after 31 days on the market. That works out to $2,704 per square foot on 2,321 square feet. Across 31 closed sales in 92662 over the last 12 months, the median sold price is $4,400,000 and the median is $2,282 per square foot, 16% below this sale's $2,704. 3-bedroom rentals in 92662 currently list at a median of $12,500 a month (16 listings).
| Quarter | Closed sales in 92662 | Median sold price |
|---|---|---|
| Q1 2026 | 2 | $5,450,000 |
| Q2 2026 | 10 | $5,355,000 |
| Q3 2026 | 15 | $3,500,000 |
| Q4 2026 | 4 | $5,012,500 |
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
Closed sales reported in 92662, nearest first, last 12 months. All recent sales in Newport Beach →
118 Sapphire
Contact Ryan Gunderson
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Contact Listing Agent
Arbor Real Estate
DRE #01869795
Contact information is not available for this listing.