USACANewport BeachBalboa Island - Main Island (Balm)118 Emerald Ave
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118 Emerald Ave, Newport Beach, CA

House

For Sale

Listed price in listed location currency (USD).
$3,799,000

532

MLS® PW26082073

Open House
Sun May 3, 12:00-3:00 AM UTC
  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Duplex
Levels Residential
Size 1893 sqft
Garage Yes
Taxes 
Days Active 9
Lot Size 
Approx. Age 1940
Avg. Price Per Sqft $2,006
MLS® Number PW26082073

Property Address: 118 Emerald Ave, Newport Beach, CA, 92662-1005

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberPW26082073
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1940
Basement
DrivewayDoor Multi, Garage, Garage Faces Rear
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Change to metres

Kitchen:Not available
Bedroom 1:Not available

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 23, 2026List Date
$3,799,000List Price
-End Date
Not Sold YetSold Price

For Sale

Apr 23, 2026List Date
$3,799,000List Price

Home Appraisal

This property is estimated to sell between: $3,799,000 and $6,338,000.
Similar properties in this area sold on average for: $5,491,666
Expected to sell in 47 days. Similar properties sold in 56 days. This home has been on eXp Realty for 9 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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Starting Address
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118 Emerald Ave, Newport Beach, CA

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