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302 Sapphire Ave
Listed by Corey Gulbranson CA DRE# 01778954 with Shorecrest Real Estate, Inc 9492948717
Sold

302 Sapphire Ave

302 Sapphire Ave, Newport Beach, CA 92662

$3,050,000
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.

3
beds

1
bath

1,056 Sq.Ft. LIVING AREA

2,550 Sq.Ft. lot

Ryan Gunderson

Ryan Gunderson

Features & Amenities

Interior

  • total bedrooms3
  • Total bathroom1
  • three quarter bathroom1
  • Laundry room In Kitchen
  • Fireplace None
  • other interior Features All Bedrooms Down

Area & Lot

  • Status Sold
  • Date Sold September 8, 2025
  • Living Area1,056 Sq.Ft.
  • Lot Area2,550 Sq.Ft.
  • MLS® IDNP25124287
  • TypeResidential
  • YEAR BUILT1927
  • NeighborhoodNewport Beach
  • View DescriptionBay
  • School DistrictNewport Mesa Unified

Exterior

  • STORIES1
  • water SourcePublic
  • PoolNone
  • lot featuresRectangular Lot
  • HEAT TYPECentral
  • AIR CONDITIONINGNone
  • sewerPublic Sewer

Financial

  • Sales Price$3,050,000
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Newport Beach

Known for its harbor, coastal homes, and beach lifestyle, Newport Beach offers a blend of sophistication, recreation, and seaside living.

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Whether you’re buying, selling, exploring your home’s value, or simply planning what’s next, our agents are here to help with thoughtful guidance, local expertise, and a relationship-first approach to real estate. Rooted in the communities we serve, we believe every move starts with a conversation. Reach out to connect with an Arbor agent and take the first step toward whatever comes next.

Get In Touch

Whether you’re buying, selling, exploring your home’s value, or simply planning what’s next, our agents are here to help with thoughtful guidance, local expertise, and a relationship-first approach to real estate.

Rooted in the communities we serve, we believe every move starts with a conversation. Reach out to connect with an Arbor agent and take the first step toward whatever comes next.

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