302 Ruby Avenue, Newport Beach, California 92662, Newport Beach, 92662 - 2 bed, 3 bath
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302 Ruby Avenue
Newport Beach, California 92662
ACTIVE
CONDITION: GOOD
2Beds
3Baths
2,415Sq Ft
2,550Lot Size
Property Price
LIST PRICE$5,200,000
EST. MARKET VALUE
$5,126,514
SUMMARY
This Coastal Single Family Residence is a Strong Value Opportunity, listed at $5,200,000—positioned slightly above the $5,126,515 Fair Market Value. While the property lacks a significant discount, its Good Condition Rating and prime Balboa Island location offer long-term stability. Featuring a Granite Kitchen, Attached 2-Car Garage, and a Versatile Den, the home provides a functional layout in a high-demand market. With its proximity to Marine Avenue and local amenities, this property is an ideal acquisition for Luxury Homeowners or Lifestyle-Focused Buyers seeking a turnkey coastal retreat.
Estimated Market Value
$5,126,514
Based on Realkey algorithm analyzing recent comparable sales in Newport Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 302 Ruby Avenue Subject 2 bd · 3 ba · 2,415 sqft · $2,123 | $5,200,000* List Price | 2 | 3 | 2,415 | $2,123 | - |
A 206 Apolena Avenue Sold 3 bd · 5 ba · 2,333 sqft · $2,700 · 0.2 mi | $6,300,000 | 3 | 5 | 2,333 | $2,700 | 0.2 mi |
B 204 Pearl Avenue Sold 3 bd · 4 ba · 2,428 sqft · $2,409 · 0.2 mi | $5,850,000 | 3 | 4 | 2,428 | $2,409 | 0.2 mi |
C 214 Abalone Avenue Sold 4 bd · 5 ba · 2,760 sqft · $1,993 · 0.4 mi | $5,500,000 | 4 | 5 | 2,760 | $1,993 | 0.4 mi |
D 221 Abalone Sold 4 bd · 5 ba · 2,972 sqft · $2,017 · 0.4 mi | $5,995,000 | 4 | 5 | 2,972 | $2,017 | 0.4 mi |
E 119 Opal Active 3 bd · 3 ba · 2,354 sqft · $2,463 · 0.2 mi | $5,799,000 List Price | 3 | 3 | 2,354 | $2,463 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1993, the property is exceptionally well-maintained and move-in ready. The kitchen has been updated with granite countertops and stainless steel KitchenAid appliances. Bathrooms feature stone tiling and glass enclosures. While the cabinetry and brass fixtures reflect a 10-15 year old renovation style, the overall condition is functional and clean, fitting the 'Good' criteria for well-maintained older homes.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Island Location
Situated in the heart of Balboa Island, the property offers immediate proximity to Ruby Beach, the iconic ferry, and the boutique shopping and dining on Marine Avenue.
- Spacious & Functional Layout
With over 2,400 sqft of living space, high ceilings, and a versatile den that can serve as a third bedroom, this home provides a sense of volume and flexibility rare for the area.
- Attached 2-Car Garage
The inclusion of an attached two-car garage provides essential parking and extra storage, which is a highly coveted and premium feature in the dense Balboa Island market.
CONSRISKS & DEFICIENCIES
- 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 = 2415.
- Limited Bedroom Count
At a $5.2M price point, having only two dedicated bedrooms may limit appeal for larger families or buyers seeking more traditional guest accommodations.
- Lack of Scenic Views
The property is noted as having no significant views, which may be a drawback for luxury buyers expecting ocean or bay vistas at this valuation.
About 302 Ruby Avenue
Welcome to 302 Ruby, a beautiful coastal retreat in the heart of Balboa Island. This inviting home features 2 bedrooms and a versatile den with potential for a 3rd bedroom, 2 3/4 baths offering a comfortable and functional layout perfect for enjoying the best of Balboa Island. The high ceilings create a bright, open feel throughout the home, while the cozy fireplaces in the living room, TV room and Primary bedroom add warmth and charm. The attached 2 car garage provides convenient parking and extra storage. After a day at Ruby Beach, an Island favorite, enjoy the convenience of a downstairs bathroom with a shower and direct exterior access. Perfect for washing off the sand before heading inside. Ideally located just moments from Restaurants, a small park with a half basket ball court and room to set up your portable pickle ball net, small grocery store and the iconic Balboa Island Ferry, this home puts the best of the Island lifestyle right at your doorstep .Enjoy morning walks, passing friendly people and coffee at several local spots downtown are Just some of the unique benefits of the Island lifestyle. Marine Ave. is famous for its cute shops, variety of good restaurants and delicious Balboa Bars, ice cream and gelato locations! The Island even has its own Fire Station, Popular Parade, Art Walk Holiday Tree lighting and more.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1993
- Lot Size
- 2,550 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 3.0 | 3.5 |
| Square foot | 2,415 | 2,652.074 |
| Lot Size | 2,550 | 6,056.485 |
| Price | $5.20M | $4.19M |
| Price per sq ft | $2.2K | $1.6K |
| Built year | 1993 | 1972 |
| HOA | $0 | $463 |
| Days on market | 13 | 70 |
Pricing History
Listed for Sale
Oct 12, 2026
$5,200,000
Initial Listing