118 Emerald Newport Beach, CA 92662 Open Sat 1PM-4PM
UPDATED: 04/28/2026 11:06 PM ON MARKET: 6 days on market
$3,799,000
5 Beds3 Baths1,893 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,893 sqft
Price per Sqft $2,006
Subdivision Balboa Island - Main Island (Balm)
MLS Listing ID PW26082073
Bedrooms 5
Full Baths 1
Three Quarter Bath 2
HOA Y/N No
Year Built 1940
Lot Size 2,613 Sqft
Property Sub-Type Duplex
Property 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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026 and/or other resource. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.