$ 3,799,000
-
$3,799,000
Price -
5
Bed -
3
Bath -
1,893
SqFt
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About the Listing PB21179 - PWKINLUC
Situated on the highly sought-after “Quiet End” of Balboa Island, 118 Emerald Avenue represents a truly rare opportunity to own in one of the island’s most desirable and tightly held locations—less than one block from the harbor and south bayfront. This is one the last remaining original beach cottage on the 100 Block of Emerald, offering a unique blend of classic coastal charm, immediate usability, and long-term upside potential. Properties of this caliber and positioning seldom come to market. Currently configured as a duplex with two active short-term rental permits, the property provides exceptional flexibility for both personal enjoyment and income generation. The front unit is a charming single-story 2-bedroom, 1-bath coastal cottage, featuring a spacious front patio framed by a white picket fence—ideal for relaxing, entertaining, and enjoying the quintessential Balboa Island lifestyle. The rear unit offers a 3-bedroom, 2-bath split-level layout, complemented by a private 2-car garage, vaulted spatial flow, and functional separation for guests, tenants, or extended family. Both units are move-in ready, allowing for immediate occupancy or rental income. Alternatively, this property presents a compelling opportunity to design and build a custom luxury residence in an A+ location with enduring value.
Listing Highlights
Status
Active
Days on Site
27
Property Type
Residential
MLS ®
PW26082073
Year Built
1940
Total Square Footage
1,893
Lot/Acreage
0.06
Interior Details
- Bedrooms: 5
- Bathrooms: 1 Full / 2 Three-Quarter
- Appliances: Gas Oven, Gas Range
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces: Living Room
- Floor: Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Wood Product Walls,All Bedrooms Up,All Bedrooms Down
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 2
- Roof: Composition
- Others: Awning(s),Wood Siding,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Door-Multi,Garage,Garage Faces Rear
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 05004102
- Tax Year: N/A
Payment Calculator
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Questions About..
118 Emerald Newport Beach, CA 92662
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