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Sold for $5,495,000
  • Listing Provided by: Shorecrest Real Estate, Inc
    Bought with: Coldwell Banker Realty
    $5,495,000

    118 Sapphire Ave, Newport Beach, CA 92662

    3beds
    2,321sqft
    Single Family Residence
    Built in 2009
    2,550 Square Feet Lot
    $6,509,200 Zestimate®
    $2,368/sqft
    $16,862 Estimated rent

    Home value

    $6,509,200

    $5.92M - $7.29M

    $16,862/mo

    Zestimate® history
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    What's special

    Theater roomPrivate bay viewsExpansive rooftop deckSpacious walk-in closetLuxurious bathroomSide courtyardPrivate office
    Introducing a captivating Balboa Island beach home, expertly designed by the esteemed Ian Harrison, ideally located on the premier 100 block of the island’s best street. Originally built by Greg Clarke Construction in 2009, this residence underwent a meticulous refresh in 2023, elevating it to an exceptional standard of perfection. Featuring 3 bedrooms and 3 ½ bathrooms, this home effortlessly combines indoor and outdoor living. The main floor presents an inviting space, with sliding doors opening to an elevated front patio and corner folding glass doors unveiling a side courtyard, providing ample room for gatherings. The gourmet kitchen, with its butler’s pantry, seamlessly connects to the great room. The temperature-controlled walk-in wine cellar is perfect for wine enthusiasts. Throughout, newly refinished bleached white oak floors exude understated sophistication. The upper level reveals a serene primary suite, offering private bay views from its balcony, a spacious walk-in closet, and a luxurious bathroom with heated floors. Two guest bedrooms, accompanied by two guest bathrooms and a theater room, comfortably accommodate visitors in style. The crowning jewel is the expansive rooftop deck, a true epitome of Newport Beach living. Enjoy the warmth of the built-in fireplace, indulge in outdoor entertainment with the Sunbrite TV, and relish in the convenience of a well-placed kitchenette and bar. From this vantage point, savor breathtaking bay views, from the morning sunrises to the captivating sunsets. For added convenience, a private office and improved bonus attic area complete the third level. The home incorporates modern amenities, such as hardwired motorized privacy and blackout shades, a seamless Control4 home automation system, Lutron lighting control, integrated speakers, central vacuum, water filtration, and a modern security alarm. Additionally, the property is primed for future needs, allowing for installation of an elevator if desired. Nestled in a prime location, this home grants effortless access to the bay and the vibrant offerings of Balboa Island. Embrace the charm of Marine Avenue, with its boutique shopping, dining, and social scene. The Balboa Island Ferry's close proximity ensures easy beach access, making this locale both accessible and enviable. This exceptional beach home, characterized by refined elegance and thoughtful design, awaits those seeking coastal luxury and a relaxed, yet sophisticated lifestyle.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Corey Gulbranson DRE #01778954 949-294-8717,

    Shorecrest Real Estate, Inc

    Bought with:

    Georgie Fenton, DRE #00990939

    Coldwell Banker Realty

    Mary Baldoni, DRE #02067418

    Coldwell Banker Realty

    Source: CRMLS,MLS#: NP23136147MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    • Main level bathrooms: 1
    Primary bedroom
    • Features: Primary Suite
    Bedroom
    • Features: All Bedrooms Up
    Bathroom
    • Features: Bidet, Dual Sinks, Heated Floor, Multiple Shower Heads, Separate Shower, Tub Shower, Walk-In Shower
    Kitchen
    • Features: Kitchen Island, Walk-In Pantry
    Pantry
    • Features: Walk-In Pantry
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Hot Water Circulator, Water Softener, Tankless Water Heater, Water Purifier
    • Laundry: Laundry Room
    Features
    • Balcony, All Bedrooms Up, Instant Hot Water, Loft, Primary Suite, Walk-In Pantry, Wine Cellar
    • Flooring: Carpet, Stone, Wood
    • Windows: Double Pane Windows
    • Has fireplace: Yes
    • Fireplace features: Living Room, Outside
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 2,321 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage Faces Rear
    • Attached garage spaces: 2
    • Uncovered spaces: 1
    Features
    • Levels: Three Or More
    • Stories: 3
    • Entry location: 1
    • Patio & porch: Deck, Front Porch, Patio, Rooftop
    • Exterior features: Awning(s), Lighting, Rain Gutters
    • Pool features: None
    • Spa features: None, Roof Top
    • Fencing: Block,Vinyl
    • Has view: Yes
    • View description: Bay
    • Has water view: Yes
    • Water view: Bay
    Lot
    • Size: 2,550 sqft
    • Features: Rectangular Lot
    Details
    • Parcel number: 05011105
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cape Cod
    • Property subtype: Single Family Residence
    Materials
    • Foundation: Slab
    • Roof: Slate
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 2009

    Utilities & green energy

    • Electric: 220 Volts For Spa
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & neighborhood

    Security
    • Security features: Security System, Carbon Monoxide Detector(s), Fire Detection System, Smoke Detector(s)
    Community
    • Community features: Street Lights, Sidewalks, Water Sports
    Location
    • Region: Newport Beach
    • Subdivision: Balboa Island - Main Island (Balm)

    Other

    Other facts
    • Listing terms: Cash to New Loan,1031 Exchange

    Price history

    DateEventPrice
    8/15/2023Sold$5,495,000$2,368/sqft
    Source: CRMLS #NP23136147 Report a problem
    8/9/2023Pending sale$5,495,000$2,368/sqft
    Source: CRMLS #NP23136147 Report a problem
    7/31/2023Contingent$5,495,000$2,368/sqft
    Source: CRMLS #NP23136147 Report a problem
    7/25/2023Listed for sale$5,495,000+44.6%$2,368/sqft
    Source: CRMLS #NP23136147 Report a problem
    5/5/2020Listing removed$10,995$5/sqft
    Source: Beachview, Inc. #NP20071542 Report a problem
    12/18/2019Listed for rent$10,995$5/sqft
    Source: Zillow Rental Manager Report a problem
    1/19/2019Listing removed$10,995$5/sqft
    Source: Beachview, Inc. #NP19001069 Report a problem
    1/3/2019Listed for rent$10,995$5/sqft
    Source: Beachview, Inc. #NP19001069 Report a problem
    6/5/2018Listing removed$10,995$5/sqft
    Source: Beachview, Inc. #NP18122331 Report a problem
    5/24/2018Listed for rent$10,995$5/sqft
    Source: Beachview, Inc. #NP18122331 Report a problem
    1/22/2018Sold$3,800,000-2.4%$1,637/sqft
    Source: Public Record Report a problem
    11/28/2017Pending sale$3,895,000$1,678/sqft
    Source: Abrams Coastal Properties #NP17198582 Report a problem
    10/5/2017Price change$3,895,000-1.4%$1,678/sqft
    Source: Abrams Coastal Properties #NP17198582 Report a problem
    9/12/2017Listed for sale$3,949,000+23.4%$1,701/sqft
    Source: Abrams Coastal Properties #NP17198582 Report a problem
    10/17/2013Sold$3,200,000+56.1%$1,379/sqft
    Source: Public Record Report a problem
    7/17/2006Sold$2,050,000$883/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$61,780 +1.5%$5,604,900 +2%
    2024$60,862 +30.9%$5,495,000 +32.2%
    2023$46,504 +7.6%$4,155,854 +2%
    2022$43,221 +2%$4,074,367 +2%
    2021$42,391 +1%$3,994,478 +1%
    2020$41,985 $3,953,520 +2%
    2019$41,985 +2.1%$3,876,000 +12.4%
    2018$41,109 +14.6%$3,447,584 +2%
    2017$35,863 $3,379,985 +2%
    2016$35,863 +2.3%$3,313,711 +1.5%
    2015$35,053 +3.4%$3,263,936 +2%
    2014$33,904 $3,200,000 +29.4%
    2013-- $2,473,257 +11%
    2012-- $2,228,160 -4%
    2011-- $2,321,000 +12.4%
    2010-- $2,065,348 +8.6%
    2009-- $1,902,058 +12.3%
    2008-- $1,693,000 -17.4%
    2007-- $2,050,000 +411.6%
    2006-- $400,739 +2%
    2005-- $392,882 +2%
    2004-- $385,179 +1.9%
    2003-- $378,120 +2%
    2002-- $370,706 +2%
    2001$3,781 +2.6%$363,438 +2%
    2000$3,686 $356,312

    Find assessor info on the county website

    Neighborhood: 92662

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Middle: Corona Del Mar
    • High: Corona Del Mar

    Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $6,509,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $6,509,200