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Pending
    • Listed by: Balboa Island Estates • Lucas Kinney • Contact: lucasandrewkinney@gmail.com
    Price cut: $150K (6/17)
    $3,499,000

    118 Emerald Ave, Newport Beach, CA 92662

    5beds
    1,893sqft
    : 
    $22,909/mo
    Get pre-qualified
    Duplex
    Built in 1940
    2,614 Square Feet Lot
    $3,357,000 Zestimate®
    $1,848/sqft
    $-- HOA

    What's special

    Classic coastal charmVaulted spatial flow
    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.
    81 days
    |
    184
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Lucas Kinney DRE #01946207 lucasandrewkinney@gmail.com,

    Balboa Island Estates,

    Co-Listing Agent: Patricia Burrack DRE #01941416,

    SCA Real Estate

    Source: CRMLS,MLS#: PW26082073MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 1
      • 3/4 bathrooms: 2
      • Main level bathrooms: 2
      • Main level bedrooms: 3
      Rooms
      • Room types: Bedroom
      Bedroom
      • Features: All Bedrooms Down
      Bedroom
      • Features: All Bedrooms Up
      Kitchen
      • Features: Tile Counters
      Heating
      • Wall Furnace
      Cooling
      • Wall/Window Unit(s)
      Appliances
      • Included: Gas Oven, Gas Range
      • Laundry: Inside, In Garage
      Features
      • Wood Product Walls, All Bedrooms Up, All Bedrooms Down
      • Flooring: Vinyl
      • Windows: Blinds, Double Pane Windows
      • Has fireplace: Yes
      • Fireplace features: Living Room
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 1,893 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Door-Multi, Garage, Garage Faces Rear
      • Attached garage spaces: 2
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: 1
      • Patio & porch: Patio
      • Exterior features: Awning(s)
      • Pool features: None
      • Spa features: None
      • Fencing: Vinyl,Wood
      • Has view: Yes
      • View description: None
      Lot
      • Size: 2,614 Square Feet
      • Features: 0-1 Unit/Acre
      Details
      • Parcel number: 05004102
      • Special conditions: Trust

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cottage
      • Property subtype: Duplex
      Materials
      • Wood Siding
      • Roof: Composition
      Condition
      • New construction: No
      • Year built: 1940

      Utilities & green energy

      • Electric: Standard
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Suburban, Sidewalks
      • Subdivision: Balboa Island - Main Island (Balm)
      Location
      • Region: Newport Beach

      Financial & listing details

      • Price per square foot: $1,848/sqft
      • Tax assessed value: $476,875
      • Annual tax amount: $7,342
      • Date on market: 4/23/2026
      • Cumulative days on market: 81 days
      • Listing terms: Cash,Conventional

        Estimated market value

        $3,357,000

        $3.19M - $3.52M

        $5,839/mo

        Price history

        DateEventPrice
        8/11/2026Pending sale$3,499,000$1,848/sqft
        Source: CRMLS #PW26082073 Report a problem
        7/14/2026Contingent$3,499,000$1,848/sqft
        Source: CRMLS #PW26082073 Report a problem
        6/17/2026Price change$3,499,000-4.1%$1,848/sqft
        Source: CRMLS #PW26082073 Report a problem
        6/2/2026Price change$3,649,000-3.9%$1,928/sqft
        Source: CRMLS #PW26082073 Report a problem
        4/24/2026Listed for sale$3,799,000$2,007/sqft
        Source: CRMLS #PW26082073 Report a problem
        4/20/2026Listing removed$10,226$5/sqft
        Source: Zillow Rentals Report a problem
        4/18/2026Listed for rent$10,226+243.7%$5/sqft
        Source: Zillow Rentals Report a problem
        7/19/2017Listing removed$2,975$2/sqft
        Source: Zillow Rental Manager Report a problem
        7/1/2017Price change$2,975-7%$2/sqft
        Source: Zillow Rental Manager Report a problem
        6/9/2017Price change$3,200+10.3%$2/sqft
        Source: Zillow Rental Manager Report a problem
        5/24/2017Listed for rent$2,900+0.9%$2/sqft
        Source: Zillow Rental Manager Report a problem
        6/14/2016Listing removed$2,875+10.6%$2/sqft
        Source: Zillow Rental Manager Report a problem
        3/15/2016Price change$2,600-7.1%$1/sqft
        Source: Beverly Pacific Properties Report a problem
        1/23/2016Price change$2,800+7.7%$1/sqft
        Source: Owner Report a problem
        12/19/2015Listed for rent$2,600$1/sqft
        Source: Beverly Pacific Properties Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,342 +1.4%$476,875 +2%
        2024$7,238 +2%$467,525 +2%
        2023$7,098 +1.6%$458,358 +2%
        2022$6,990 +1.4%$449,371 +2%
        2021$6,892 +35.4%$440,560 +1%
        2020$5,092 $436,043 +2%
        2019$5,092 +1.9%$427,494 +2%
        2018$4,995 +3.7%$419,112 +2%
        2017$4,815 $410,895 +2%
        2016$4,815 +2.2%$402,839 -73.8%
        2015$4,711 -71.1%$1,536,916 +2%
        2014$16,307 $1,506,810 +289.1%
        2013-- $387,258 +2%
        2012-- $379,665 +2%
        2011-- $372,221 +0.8%
        2010-- $369,440 -0.2%
        2009-- $370,319 +2%
        2008-- $363,058 +2%
        2007-- $355,940 +2%
        2006-- $348,961 +2%
        2005-- $342,119 +2%
        2004-- $335,411 +1.9%
        2003-- $329,264 +2%
        2002-- $322,808 +2%
        2001$3,335 +2.6%$316,479 +2%
        2000$3,251 $310,274
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 92662

        Getting around

        70 / 100
        Somewhat Walkable
        30 / 100
        Some Transit
        68 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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