302 Sapphire Ave
Newport Beach, CA, 92662
$3,195,000
3 Beds
1 Baths
1,056 SqFt
0.06 Acres
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Welcome to 302 Sapphire Avenue, an original Balboa Island cottage brimming with potential, perfectly positioned on one of the most desirable and centrally located streets in the heart of the Island. Lovingly cared for by the same family for the past 75 years, this rare opportunity offers a classic 3-bedroom, 1-bathroom home with a sunroom addition—perfect for enjoying the coastal breeze or creating additional space to relax or entertain.

A standout feature of the property is the spacious, private rear patio—ideal for alfresco dining, morning coffee, or gatherings with friends and family. Complementing this is a welcoming front yard shaded by a mature Elm tree, creating a sociable setting where neighbors and passersby often stop to chat—an enduring Balboa Island tradition.

While the existing cottage exudes vintage character, the true value lies in the prime lot and location. This property presents an exceptional canvas for a custom-built dream home in one of Newport Beach’s most iconic neighborhoods. Whether you&#39're looking to restore a piece of island history or build new from the ground up, the possibilities are endless.

Sapphire Avenue is renowned for its ideal proximity to the island’s vibrant Marine Avenue shops, dining, and bayfront, making this an unbeatable setting for year-round coastal living or a luxurious vacation retreat.

Don’t miss this unique chance to own on one of Balboa Island’s premier interior streets—properties like this rarely come available.

Property Details

Price:
$3,195,000
MLS #:
NP25124287
Status:
Active
Beds:
3
Baths:
1
Address:
302 Sapphire Ave
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Balboa Island – Main Island BALM
Neighborhood:
n9lowernewportbaybalboaisland
City:
Newport Beach
Listed Date:
Jun 2, 2025
State:
CA
Finished Sq Ft:
1,056
ZIP:
92662
Lot Size:
2,550 sqft / 0.06 acres (approx)
Year Built:
1927
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Schools

School District:
Newport Mesa Unified

Interior

Cooling
None
Fireplace Features
None
Heating
Central

Exterior

Community Features
Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
Garage Spaces
0.00
Lot Features
Rectangular Lot
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
View
Bay
Water Source
Public

Financial

Association Fee
0.00

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302 Sapphire Ave
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