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220 Apolena Avenue, Newport Beach, California 92662, Newport Beach, 92662 - 4 bed, 4 bath

220 Apolena Avenue, Newport Beach, California 92662 home-pic-0
ACTIVE$3,625,000
220 Apolena Avenue, Newport Beach, California 92662
4Beds
4Baths
2,021Sqft
2,550Lot
Year Built
1958
Close
-
List price
$3.63M
Original List price
$3.63M
Price/Sqft
$1,794
HOA
-
Days on market
-
Sold On
-
MLS number
LG25273620
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

Fairly Priced:The estimated price is in line with the list price. We found 5 Cons,5 Pros. Rank: price - $3.62M(45th), sqft - 2021(50th), beds - 4(55th), baths - 4(65th).

A quintessential Balboa Island residence: well-maintained over the years, it is a bright, two-story cottage, ideally positioned on the highly desirable Apolena Avenue. Offering ease of access on and off the island, this home is also just two blocks away from the conveniences of Marine Avenue, making it both a great primary residence or a vacation getaway. With the bay front just a short stroll away, this home is an idyllic setting for enjoying the effortless coastal lifestyle. The thoughtful floor plan includes a versatile bonus room on the lower level which opens to the interior courtyard—a space that can easily be used as guest sleeping quarters or an office. A living room with a fireplace is cozy, a great space for cooler months, while the charming front patio is an ideal spot for socializing during warmer weather. With plenty of timeless charm, this property offers a chance to embrace the Balboa Island lifestyle.

Price History

Date
Event
Price
12/10/25
Listing
$3,625,000
06/17/08
Sold
$2,125,000
02/09/99
Sold
$796,000
Condition Rating
Fair
Built in 1958, this property is described as well-maintained, but key areas like the bathroom and some flooring show signs of being outdated. The bathroom features dated tile, vanity, and light fixtures, suggesting a renovation that is likely 15-30 years old. While some areas have well-maintained hardwood floors and more modern built-ins, the overall aesthetic and visible components indicate that the property is functional and clean but would benefit from minor updates to meet contemporary standards.
Pros & Cons

Pros

Prime Balboa Island Location: Situated on the highly desirable Apolena Avenue, offering unparalleled access to the bay front and the exclusive Balboa Island lifestyle.
Exceptional Walkability: Just two blocks from Marine Avenue, providing convenient access to shops, restaurants, and island amenities.
Charming & Well-Maintained: A quintessential Balboa Island cottage, described as well-maintained with timeless charm, appealing to those seeking classic coastal aesthetics.
Versatile Living Spaces: Features a thoughtful floor plan including a flexible bonus room and charming outdoor areas like an interior courtyard and front patio.
Strong Market Appeal: Its desirable location and unique island charm make it attractive as both a primary residence and a lucrative vacation getaway.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2021, other record living area = 1932. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Low Available Lot Utilization: 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 = 2021.
Property Age: Built in 1958, the home may require updates to systems or aesthetics to align with contemporary luxury standards, despite being well-maintained.
Limited Square Footage & Lot Size: At 2021 sqft on a 2550 sqft lot, the property offers relatively modest space for its premium price point in the Newport Beach market.
Lack of Direct Water View: Despite its proximity to the bay, the property offers only a neighborhood view, which may be a significant consideration for buyers seeking direct water frontage or views on Balboa Island.

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