WINTER RENTAL – Calling all “SNOW BIRDS!” Step into coastal charm at 315.5 Diamond Avenue—your beautifully updated Balboa Island retreat. Just five homes from the serene sands of Ruby Beach, this light-filled 2-bedroom, 2-bath cottage offers the perfect blend of comfort and convenience. Inside, you’ll find brand-new wood flooring, freshly painted interiors, and upgraded countertops in both the kitchen and bathrooms. Vaulted ceilings elevate the space, while a cozy fireplace adds a touch of warmth for relaxing evenings.
Fully furnished and thoughtfully stocked, this home is turnkey and ready for your island lifestyle—whether it’s a weekend escape or a long-term stay. Enjoy a 6-minute drive to downtown, stroll to Marine Avenue’s shops and restaurants, or hop on a bike for an adventure along the coast. With the Balboa Island ferry just moments away, everything Newport Beach has to offer is at your fingertips.
Fully furnished and thoughtfully stocked, this home is turnkey and ready for your island lifestyle—whether it’s a weekend escape or a long-term stay. Enjoy a 6-minute drive to downtown, stroll to Marine Avenue’s shops and restaurants, or hop on a bike for an adventure along the coast. With the Balboa Island ferry just moments away, everything Newport Beach has to offer is at your fingertips.
Property Details
Price:
$4,750
MLS #:
LG26196247
Status:
Active
Beds:
2
Baths:
2
Type:
Rental
Subtype:
Duplex
Subdivision:
Balboa Island – Main Island BALM
Neighborhood:
n9lowernewportbaybalboaisland
Listed Date:
Sep 8, 2026
Finished Sq Ft:
800
Lot Size:
2,614 sqft / 0.06 acres (approx)
Year Built:
1980
See this Listing
Schools
School District:
Newport Mesa Unified
Interior
Appliances
Gas Cooktop, Disposal, Built-In Range, Refrigerator, Range Hood, Gas Oven, Dishwasher
Bathrooms
2 Full Bathrooms
Cooling
Wall/Window Unit(s)
Interior Features
Furnished, Ceramic Counters, Tile Counters
Laundry Features
Community, Washer Included, Dryer Included
Levels
One
Main Level Bathrooms
2
Main Level Bedrooms
2
Exterior
Architectural Style
Cape Cod
Attached Garage YN
1
Common Walls
1 Common Wall
Community Features
Curbs, Biking, Fishing, Urban, Storm Drains, Sidewalks, Park
Construction Materials
Frame
Covered Spaces
1
Fencing
Wood
Garage Spaces
1
Lot Features
0-1 Unit/Acre, Near Public Transit, Park Nearby
Open Parking YN
1
Parking Features
No Driveway, Other, Private, Attached Carport, See Remarks
Parking Spots
1
Parking Total
1
Patio And Porch Features
Covered, Concrete, Porch, Enclosed
Roof
Asphalt
Security Features
Smoke Detector(s)
Spa Features
None
Stories
1
View
None
Waterfront Features
Ocean Side Of Highway 1
Window Features
French/Mullioned
Financial
Map
Community
- Address1/2 Diamond Avenue Newport Beach CA
- SubdivisionBalboa Island – Main Island (BALM)
- CityNewport Beach
- CountyOrange
- Zip Code92662
Subdivisions in Newport Beach
- Back Bay Custom Homes BBCS
- Balboa Coves BLCV
- Balboa Island – Collins Island BALC
- Balboa Island – Little Island BALL
- Balboa Island – Main Island BALM
- Balboa Peninsula Point BLPP
- Balboa Peninsula Residential BALP
- Baycrest North BCNO
- Baycrest South BCSO
- Bayridge BRID
- Bayshores BSHR
- Bayside Village BAYV
- Bayview Terrace BVTR
- Beacon Bay BEAC
- Belcourt Hill BLHL
- Belcourt Terrace BLTR
- Big Canyon Broadmoor BCBM
- Big Canyon Custom BCCS
- Big Canyon Deane BCDN
- Big Canyon McLain BCMC
- Bluffs Original BORI
- Bluffs Plaza Area BOPL
- Bluffs Tennis Villas BNTV
- Bonnie Bay Highland Homes UBHH
- Cannery Village Mobile Park CVMP
- Castaways CAST
- Central Newport CNEW
- Cherry Lake Estates UBLE
- Cliffhaven CLIF
- Dover Shores “”100″” Series DSA1
- Dover Shores DSAM
- Eastbluff – Lusk EBLK
- Eastbluff – Macco EBMO
- Granville GRNV
- Harbor Cove Promenade HCPM
- Harbor Hill HARH
- Harbor Island “”Drive”” HIDC
- Harbor Island HARI
- Harbor Ridge Crest HRCR
- Harbor Ridge Custom HRCS
- Harbor Ridge Estates HRES
- Harbor View Homes HVHM
- Kings Road KGRD
- Lido Building #601 L601
- Lido Building #621 L621
- Lido Island LIDO
- Lido Peninsula LIPN
- Linda Isle LIND
- Madison BCYM
- Newport Crest NEWC
- Newport Heights NEWH
- Newport Island NEWI
- Newport North Townhomes NNTH
- Newport Shores NEWS
- Promontory Bay Custom PBCS
- Providence OFPV
- Santa Ana Heights Residential SAHR
- Sea Island – Lusk SILK
- Seaview SEAV
- Summer House OFSH
- Versailles VERS
- Villa Balboa VBAL
- Villa Point VILP
- Villa Siena VSEN
- West Newport Beach WSNB
- Westcliff East WCDE
- Westcliff West WCDW
Market Summary
Current real estate data for Rental in Newport Beach as of Oct 20, 2026
189
Rental Listed
169
Avg DOM
6
Avg $ / SqFt
$13,546
Avg List Price
Property Summary
- Located in the Balboa Island – Main Island (BALM) subdivision, 1/2 Diamond Avenue Newport Beach CA is a Rental for sale in Newport Beach, CA, 92662. It is listed for $4,750
Similar Listings Nearby
Courtesy of Coldwell Banker Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.1/2 Diamond Avenue
Newport Beach, CA