302 Sapphire Ave Newport Beach, CA 92662
Balboa Island NeighborhoodEstimated payment $17,898/month
Total Views
1,865
3
Beds
1
Bath
1,056
Sq Ft
$3,026
Price per Sq Ft
Highlights
- Bay View
- No HOA
- Central Heating
- Abraham Lincoln Elementary School Rated A
- Laundry Room
- Rectangular Lot
About This Home
Welcome to 302 Sapphire Avenue, an original Balboa Island cottage brimming with potential, perfectly positioned on one of the most desirable and centrally located streets in the heart of the Island. Lovingly cared for by the same family for the past 75 years, this rare opportunity offers a classic 3-bedroom, 1-bathroom home with a sunroom addition—perfect for enjoying the coastal breeze or creating additional space to relax or entertain.
A standout feature of the property is the spacious, private rear patio—ideal for alfresco dining, morning coffee, or gatherings with friends and family. Complementing this is a welcoming front yard shaded by a mature Elm tree, creating a sociable setting where neighbors and passersby often stop to chat—an enduring Balboa Island tradition.
While the existing cottage exudes vintage character, the true value lies in the prime lot and location. This property presents an exceptional canvas for a custom-built dream home in one of Newport Beach’s most iconic neighborhoods. Whether you're looking to restore a piece of island history or build new from the ground up, the possibilities are endless.
Sapphire Avenue is renowned for its ideal proximity to the island’s vibrant Marine Avenue shops, dining, and bayfront, making this an unbeatable setting for year-round coastal living or a luxurious vacation retreat.
Don’t miss this unique chance to own on one of Balboa Island’s premier interior streets—properties like this rarely come available.
Listing Agent
Shorecrest Real Estate, Inc Brokerage Phone: 9492948717 License #01778954 Listed on: 06/25/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,488
Year Built
- Built in 1927
Lot Details
- 2,550 Sq Ft Lot
- Rectangular Lot
Interior Spaces
- 1,056 Sq Ft Home
- 1-Story Property
- Bay Views
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 1 Bathroom
Laundry
- Laundry Room
- Laundry in Kitchen
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Central Heating
Community Details
- No Home Owners Association
- Balboa Island Main Island Subdivision
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 101
- Assessor Parcel Number 05013218
- $2,650 per year additional tax assessments
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,488 | $430,840 | $417,165 | $13,675 |
| 2024 | $7,488 | $422,393 | $408,986 | $13,407 |
| 2023 | $7,279 | $414,111 | $400,966 | $13,145 |
| 2022 | $4,639 | $405,992 | $393,104 | $12,888 |
| 2021 | $4,552 | $398,032 | $385,396 | $12,636 |
| 2020 | $4,508 | $393,951 | $381,444 | $12,507 |
| 2019 | $4,421 | $386,227 | $373,965 | $12,262 |
| 2018 | $4,335 | $378,654 | $366,632 | $12,022 |
| 2017 | $4,260 | $371,230 | $359,443 | $11,787 |
| 2016 | $4,167 | $363,951 | $352,395 | $11,556 |
| 2015 | $4,126 | $358,485 | $347,102 | $11,383 |
| 2014 | $4,030 | $351,463 | $340,302 | $11,161 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | Pending | -- | -- | -- |
| 07/10/2025 07/10/25 | For Sale | $3,195,000 | -- | $3,026 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Quit Claim Deed | -- | First American Title Ins Co | |
| Grant Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $417,000 | New Conventional | |
| Closed | $170,000 | Unknown | |
| Closed | $169,000 | No Value Available |
Source: Public Records
Similar Homes in Newport Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP25124287
APN: 050-132-18
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