Once-in-a-lifetime opportunity to own an incredible 4-bedroom, 5-bath home at one of Balboa Island’s best locations. Seated on a 45 x 85-foot over-sized lot, just 4 doors from the South Bayfront on coveted Little Balboa Island, this captivating cottage offers relaxed beach living with endless possibilities. Just past its white picket fence and sunny front patio, the main level offers wood floors, a large living room with fireplace, upgraded kitchen, formal dining room, an office/den (or 5th bedroom), and a private rear casita with bedroom and bath. The first level also showcases an expansive interior courtyard with fireplace, perfect for year-round outdoor entertainment. The second level features three bedrooms and two baths, including a primary suite with built-in storage and two walk-in closets. 116 Abalone provides a fantastic opportunity for buyers seeking a timeless residence with unique charm and designer touches, nestled on a spacious lot in the heart of the Little Island.
Sold for $4,937,500
Listed by: Abrams Coastal Properties • Donald Abrams • Contact: 949-675-4822
Bought with: Pacific Sotheby's Int'l Realty
Tax assessed value
$4,937,500
116 Abalone Ave, Newport Beach, CA 92662
4beds
2,095sqft
Single Family Residence
Built in 1937
3,825 Square Feet Lot
$6,590,500 Zestimate®
$2,357/sqft
$8,682 Estimated rent
Home value
$6,590,500
$5.80M - $7.58M
$8,682/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Donald Abrams DRE #01234323 714-325-9055,
Abrams Coastal Properties,
Ryan Gunderson DRE #01869795 949-873-3841,
Arbor Real Estate
Bought with:
Jon Flagg, DRE #01316048
Pacific Sotheby's Int'l Realty
Source: CRMLS,MLS#: NP24089519
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 1
- 3/4 bathrooms: 2
- 1/2 bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Bedroom, Family Room, Living Room, Primary Bedroom, Dining Room
Bedroom
- Features: Bedroom on Main Level
Heating
- Central, Wall Furnace
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Gas Cooktop, Gas Oven
- Laundry: In Garage
Features
- Built-in Features, Crown Molding, Separate/Formal Dining Room, Bedroom on Main Level
- Flooring: Wood
- Doors: French Doors
- Has fireplace: Yes
- Fireplace features: Living Room, Outside
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,095 sqft
Property
Parking
- Total spaces: 2
- Parking features: Door-Multi, Garage, Garage Faces Rear
- Attached garage spaces: 2
Accessibility
- Accessibility features: Safe Emergency Egress from Home
Features
- Levels: Two
- Stories: 2
- Entry location: Ground Level
- Patio & porch: Brick, Patio
- Exterior features: Lighting
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: None
- Waterfront features: Beach Access
Lot
- Size: 3,825 Square Feet
- Dimensions: 45 x 85
- Features: 0-1 Unit/Acre, Back Yard, Front Yard
Details
- Additional structures: Guest House Detached
- Parcel number: 05018205
- Zoning: R1.5
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Shingle Siding, Stucco, Wood Siding
Condition
- New construction: No
- Year built: 1937
Utilities & green energy
- Sewer: Sewer Tap Paid
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Available, Sewer Connected, Underground Utilities
Community & HOA
Community
- Features: Curbs, Fishing, Street Lights, Sidewalks, Water Sports
- Subdivision: Balboa Island - Little Island (Ball)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $2,357/sqft
- Tax assessed value: $4,937,500
- Annual tax amount: $52,138
- Date on market: 5/6/2024
- Cumulative days on market: 58 days
- Listing terms: Cash,Cash to New Loan
- Road surface type: Alley Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2024 | Sold | $4,937,500-10.1%$2,357/sqft |
Source:  CRMLS #NP24089519 Report a problem | ||
| 7/24/2024 | Pending sale | $5,495,000$2,623/sqft |
Source: CRMLS #NP24089519 Report a problem | ||
| 7/3/2024 | Contingent | $5,495,000$2,623/sqft |
Source: CRMLS #NP24089519 Report a problem | ||
| 5/6/2024 | Listed for sale | $5,495,000+93.5%$2,623/sqft |
Source: CRMLS #NP24089519 Report a problem | ||
| 2/9/2021 | Sold | $2,840,000-8.4%$1,356/sqft |
Source: Public Record Report a problem | ||
| 5/4/2017 | Sold | $3,100,000-3%$1,480/sqft |
Source: Public Record Report a problem | ||
| 2/17/2017 | Pending sale | $3,195,000$1,525/sqft |
Source: Abrams Coastal Properties #NP17007764 Report a problem | ||
| 1/16/2017 | Listed for sale | $3,195,000-4.6%$1,525/sqft |
Source: Abrams Coastal Properties #NP17007764 Report a problem | ||
| 12/12/2016 | Listing removed | $3,350,000$1,599/sqft |
Source: Abrams Coastal Properties #NP16132623 Report a problem | ||
| 11/22/2016 | Listed for sale | $3,350,000$1,599/sqft |
Source: Abrams Coastal Properties #NP16132623 Report a problem | ||
| 11/6/2016 | Pending sale | $3,350,000$1,599/sqft |
Source: Abrams Coastal Properties #NP16132623 Report a problem | ||
| 9/1/2016 | Price change | $3,350,000-2.9%$1,599/sqft |
Source: Abrams Coastal Properties #NP16132623 Report a problem | ||
| 6/19/2016 | Listed for sale | $3,450,000+294.3%$1,647/sqft |
Source: Abrams Coastal Properties #NP16132623 Report a problem | ||
| 5/22/1995 | Sold | $875,000$418/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $52,138 +39% | $4,937,500 +40% |
| 2024 | $37,506 +2.4% | $3,527,269 +2% |
| 2023 | $36,631 +1.7% | $3,458,107 +2% |
| 2022 | $36,027 +2% | $3,390,301 +2% |
| 2021 | $35,335 +1% | $3,323,825 +1% |
| 2020 | $34,996 | $3,289,744 +2% |
| 2019 | $34,996 +2.1% | $3,225,240 +2% |
| 2018 | $34,268 +150.4% | $3,162,000 +149.7% |
| 2017 | $13,684 | $1,266,389 +2% |
| 2016 | $13,684 +2.3% | $1,241,558 +1.5% |
| 2015 | $13,378 +2.3% | $1,222,909 +2% |
| 2014 | $13,072 | $1,198,954 +0.5% |
| 2013 | -- | $1,193,536 +2% |
| 2012 | -- | $1,170,134 +2% |
| 2011 | -- | $1,147,191 +0.8% |
| 2010 | -- | $1,138,618 -0.2% |
| 2009 | -- | $1,141,324 +2% |
| 2008 | -- | $1,118,946 +2% |
| 2007 | -- | $1,097,006 +2% |
| 2006 | -- | $1,075,497 +2% |
| 2005 | -- | $1,054,409 +2% |
| 2004 | -- | $1,033,735 +1.9% |
| 2003 | -- | $1,014,789 +2% |
| 2002 | -- | $994,892 +2% |
| 2001 | $10,946 +8.9% | $975,385 +9.3% |
| 2000 | $10,049 | $892,500 |
Find assessor info on the county website
Neighborhood: 92662
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GreatSchools rating
- 9/10Abraham Lincoln Elementary SchoolGrades: K-6Distance: 1.6 mi
- 8/10Corona Del Mar High SchoolGrades: 7-12Distance: 2.1 mi
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Estimated market value
$6,590,500
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Estimated market value
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- California
- Orange County
- Newport Beach
- 92662
- 116 Abalone Ave
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