224 Amethyst, Newport Beach, California 92662, Newport Beach, 92662 - 5 bed, 5 bath
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Newport Beach, California 92662
This Remodeled Balboa Island Duplex is a Strong Value Opportunity, listed at $4,350,000—positioned well below the $4,597,843 Fair Market Value by 5%. This valuation gap provides $247,843 in Instant Equity for the incoming buyer. Boasting a Modernized Condition Rating, the property features a remodeled kitchen with quartz countertops, updated bathrooms, and a brand-new AC system. Located two blocks from "downtown" boutiques within the Newport Mesa Unified district, it offers premier lifestyle appeal with significant rental income potential from the separate back unit. This is an ideal acquisition for Owner-Occupants or Luxury Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 224 Amethyst Subject | $4,150,000* List Price | 5 | 5 | 2,805 | $1,480 | - |
A 137 Topaz Sold | $3,835,000 | 5 | 4 | 2,545 | $1,507 | 0.3 mi |
B 120 Coral Avenue Sold | $3,615,000 | 4 | 4 | 2,182 | $1,657 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone extensive recent renovations, including a fully remodeled kitchen with high-end stainless steel appliances, quartz and butcher block countertops, and newly updated bathrooms. The interior features modern recessed lighting, fresh paint, and a mix of well-maintained hardwood and classic brick flooring. With a brand-new AC system and no visible deferred maintenance, the home meets high-quality current standards.
Situated on the prestigious Balboa Island, the property is just two blocks from 'downtown' boutiques and dining, offering a highly desirable walk-about lifestyle near the ferry.
As a legal duplex with a separate 2-bedroom back unit, this property provides excellent flexibility for rental income, a guest house, or a multi-generational living arrangement.
The home features a recently remodeled kitchen with high-end appliances and quartz countertops, along with newly updated bathrooms and a brand-new AC system.
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 = 2805, other record living area = 624. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The tenant-occupied back unit is only available for viewing upon an accepted offer, which may complicate the initial due diligence process for prospective buyers.
With a lot size of approximately 2,614 square feet, outdoor space is limited to a small front patio, which may be a drawback for those seeking significant private yard space.
Located on world famous Balboa Island, this enchanting cottage by the sea is right out of a storybook! The front 3bdrm/3bath house features one bedroom and bathroom downstairs, 2 bedrooms/ 2 bathrooms upstairs. A fenced-in patio is the perfect place to begin or end your day. The Dutch door lets guests enjoy ocean breezes in the living and dining area with lots of natural light, fireplace and built-in bookcases and window seats. The remodeled kitchen features a 6-burner gas range, microwave, stainless steel refrigerator, quartz and butcher block countertops. Primary suite has an en suite bathroom. All bathrooms are newly remodeled and new AC has been installed. The upstairs back unit is a 2bdrm/1 bathroom with kitchen and living room and does not share any walls with the front house. Back upstairs unit is tenant-occupied and only able to show with an accepted offer. Two car garage and a laundry closet in the side yard make this a great rental or vacation home. Located just two blocks from Balboa Island's "downtown" shops and restaurants, or pop over to the beach on the ferry!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 5.0 |
| Baths | 5.0 | 4.0 |
| Square foot | 2,805 | 2,174.5 |
| Lot Size | 2,614 | 2,614 |
| Price | $4.15M | $3.35M |
| Price per sq ft | $1.5K | $1.7K |
| Built year | 1967 | 1964 |
| HOA | $0 | $0 |
| Days on market | 101 | 125 |
Jun 20, 2026
$4,150,000
$4,350,000
-5% Price Drop
Initial Listing
Apr 12, 2026
$4,350,000
Initial Listing
Jun 7, 2021
$2,450,000
Public Record
Jan 19, 2016
$1,975,000
Public Record