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124 126 Sapphire Avenue, Newport Beach, CA 92662

Duplex

124 126 Sapphire Avenue, Newport Beach, CA 92662 Sold May 2026 CRMLS
$5,810,000Sold May 2026

Listing Agent: Louise Stuart (DRE #00930542) · Listing Office: Pacific Coast Realty Group · Contact: 949-278-4084 · Bought with: Pat Patterson · Sailhouse Real Estate, Inc. · MLS #NP25097121 · Source: CRMLS

5
Bedrooms
3
Bathrooms
2,370
Sq Ft
5,100 sqft
Lot Size
1938
Year Built
Duplex
Type
2
Stories
0
Garage
SeeRemarks
Cooling

How this sale compares

124 126 Sapphire Avenue sold for $5,810,000 in May 2026, 9.2% under its $6,400,000 list price, after 128 days on the market. It was first listed at $6,800,000. That works out to $2,451 per square foot on 2,370 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, 8.6% below this sale's $2,451.

$2,451
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)
128
Days on market
−9.2%
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

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.

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

Sale history

$5,810,000
Sold May 2026 · listed $6,400,000, orig. $6,800,000, on market April 2025, 128 days on market · MLS #NP25097121 · Source: CRMLS
Listing Agent: Louise Stuart · Listing Office: Pacific Coast Realty Group · Contact: 949-278-4084 · Bought with: Pat Patterson · Sailhouse Real Estate, Inc.

Recent sales near 124 126 Sapphire Avenue

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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