
Newport Beach, California 92662
This Custom-Built Coastal Residence on Balboa Island is a Single Family Residence listed at $5,799,000, which is currently priced above the $5,497,245 Fair Market Value. While not a discount opportunity, the property offers a Condition Rating of 3, featuring a new HVAC system, pristine hardwood floors, and a Spacious Rooftop Deck with Peek-A-Boo Bay Views. Its prime location near the South Bay Front provides an elite lifestyle. This home is an ideal acquisition for Luxury Homeowners or Coastal Lifestyle Seekers prioritizing location and architectural character.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 119 Opal Subject 3 bd · 3 ba · 2,354 sqft · $2,335 | $5,799,000* List Price | 3 | 3 | 2,354 | $2,335 | - |
A 204 Pearl Avenue Sold 3 bd · 4 ba · 2,428 sqft · $2,409 · 0.1 mi | $5,850,000 | 3 | 4 | 2,428 | $2,409 | 0.1 mi |
B 206 Apolena Avenue Sold 3 bd · 5 ba · 2,333 sqft · $2,700 · 0.3 mi | $6,300,000 | 3 | 5 | 2,333 | $2,700 | 0.3 mi |
C 303 Ruby Sold 4 bd · 5 ba · 2,478 sqft · $2,381 · 0.2 mi | $5,900,000 | 4 | 5 | 2,478 | $2,381 | 0.2 mi |
D 214 Abalone Avenue Sold 4 bd · 5 ba · 2,760 sqft · $1,993 · 0.6 mi | $5,500,000 | 4 | 5 | 2,760 | $1,993 | 0.6 mi |
E 221 Abalone Sold 4 bd · 5 ba · 2,972 sqft · $2,017 · 0.5 mi | $5,995,000 | 4 | 5 | 2,972 | $2,017 | 0.5 mi |
F 118 Sapphire Active 3 bd · 4 ba · 2,321 sqft · $2,755 · 0.2 mi | $6,395,000 List Price | 3 | 4 | 2,321 | $2,755 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2001, this 25-year-old custom home is exceptionally well-maintained and move-in ready. While the kitchen and baths feature original honey-toned cabinetry and granite consistent with its age, the property includes a new HVAC system, pristine hardwood flooring, and high-end architectural details that maintain its functional appeal.
Situated just steps from South Bay Front on the highly coveted Balboa Island, this property offers an elite lifestyle in one of Southern California's most prestigious and walkable neighborhoods.
The residence maximizes its footprint with a raised flagstone courtyard, a private second-story balcony, and a spacious rooftop deck, providing multiple premium spaces for entertaining and coastal relaxation.
Built in 2001 with high-end architectural details like a stacked-stone facade and custom library, the home includes rare modern upgrades such as new air conditioning for year-round comfort.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2550, living area = 2354.
Despite the premium price point and proximity to the water, the property offers only 'peek-a-boo' bay views rather than expansive, unobstructed panoramic vistas.
The 2,550 square foot lot is typical for Balboa Island but results in minimal private yard space and close proximity to neighboring homes, which may impact privacy for some buyers.
Positioned just a few doors off South Bay Front on coveted Balboa Island, 119 Opal Avenue is a custom-built coastal residence that blends architectural craft with seamless indoor-outdoor living. Highlighted by a multi-tonal stacked-stone facade, warm stucco finishes, and a raised flagstone courtyard complete with a retractable awning, the home offers exceptional curb appeal and outdoor dining space. Inside, an oversized solid wood front door leads to an open-concept main floor featuring polished hardwood flooring, recessed lighting, and a floor-to-ceiling stone fireplace. Wide glass slider doors open directly to the front patio to capture coastal breezes, complemented by new air conditioning for year-round comfort, while the upper level includes a dedicated custom-built office and library space, a private second-story balcony, and access to a spacious rooftop deck for entertaining. Adjacent to deck is the loft which gives you an additional creative space to tailor to your needs. Whether hosting a summer BBQ or simply soaking in the sun, the deck provides the ideal setting for outdoor enjoyment. Each room is filled with natural light, creating a warm and inviting ambiance that instantly feels like home. Experience the ultimate in California living at this Balboa Island gem, where every detail is designed to enhance your everyday life.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.5 |
| Square foot | 2,354 | 2,652.074 |
| Lot Size | 2,550 | 6,056.485 |
| Price | $5.80M | $4.19M |
| Price per sq ft | $2.5K | $1.6K |
| Built year | 2001 | 1972 |
| HOA | $0 | $463 |
| Days on market | 29 | 70 |
Sep 26, 2026
$5,799,000
Initial Listing