
Newport Beach, California 92662
This Balboa Island Duplex represents a stable coastal asset listed at $3,500,000, aligning precisely with its $3,500,000 Fair Market Value. Boasting a Condition Rating of 4, the property features a spacious main residence and a secondary unit over the garage, offering excellent rental versatility. Highlights include an enormous front patio and a premier location within the Newport Mesa Unified district, just two blocks from Marine Avenue. This is a strategic acquisition for Owner-Occupants seeking a high-end "house-hack" or Buy-and-Hold Investors prioritizing long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 216 Amethyst Subject | $3,500,000* List Price | 6 | 5 | 2,363 | $1,481 | - |
A 120 Coral Avenue Sold | $3,615,000 | 4 | 4 | 2,182 | $1,657 | 0.1 mi |
B 201 Diamond Avenue Sold | $2,900,000 | 4 | 3 | 1,843 | $1,574 | 0.2 mi |
C 211 Pearl Sold | $3,793,000 | 4 | 4 | 2,422 | $1,566 | 0.4 mi |
D 315 Sapphire Sold | $3,100,000 | 5 | 3 | 1,712 | $1,811 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960, this Balboa Island duplex is well-maintained but shows significant signs of age. While the main house features some updates like hardwood floors and newer mini-split AC units, the listing explicitly notes that the secondary unit retains '50's and 60's aesthetics.' The exterior images show a clean but dated structure, and the lack of modern kitchen or bathroom renovations mentioned in the description suggests the property is functional but requires minor to moderate updates to meet current market standards.
Situated just two blocks from Marine Avenue, this property offers an exceptionally walkable lifestyle in the heart of Balboa Island, providing immediate access to premier dining, shopping, and entertainment.
This duplex configuration features a large main house and a separate unit over the garage, offering excellent versatility for multi-generational living or high-demand rental income in a prestigious coastal market.
The property includes an enormous and highly coveted front patio, a rare amenity on the island that significantly expands the usable living space and enhances the home's curb appeal.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2614, other record lot size in square feet = 2550. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2363, other record living area = 624. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 1.
The secondary unit retains 1950s and 60s styling, which may require significant capital investment for modern renovations to meet current luxury market expectations.
Despite its premium price point and Newport Beach location, the property does not offer the coastal or bay views often prioritized by buyers in this specific price bracket.
Balboa Island duplex with desirable large configuration units and enormous coveted front patio. Main house features open floor plan downstairs with centered around a beautiful stone fireplace and hardwood floors. Downstairs bedroom and 2 bathrooms on the first level. Front house has newer mini-split air conditioning units in the upstairs bedrooms. Over the garage is a spacious 1 bedroom unit with 50's and 60's aesthetics and style. Home has abundant storage through out inside and outside. Come in live in the heart of the island two blocks off Marine Ave giving you a highly walkable lifestyle to dining, entertainment, and shopping.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.5 | 75% |
| Baths | 5.0 | 4.0 | 63% |
| Square foot | 2,363 | 2,230.5 | 63% |
| Lot Size | 2,614 | 2,614 | 50% |
| Price | $3.50M | $3.56M | 50% |
| Price per sq ft | $1.5K | $1.6K | 25% |
| Built year | 1960 | 1946 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 141 | 25% |
Jan 22, 2026
$3,500,000
Initial Listing