Situated on the coveted 100 block of Coral Avenue on Balboa Island, just seven homes from the sand, 120 Coral Avenue presents a rare opportunity to own a versatile coastal property in one of the most desirable pockets of Newport Beach. The property features a 1,582± square-foot detached Spanish-style front residence, built in 1990, along with a 600± square-foot rear residence above the two-car garage, offering exceptional flexibility for rental income, guest accommodations, or extended family living. The charming front unit includes two spacious bedrooms upstairs, each with its own full bath, as well as a full bath downstairs located off of a den. The two-bedroom rear unit, paneled from floor-to-ceiling in rich pine wood, was originally constructed in the 1950s and has been thoughtfully updated over the years to meet modern living needs. Both residences underwent kitchen and bathroom updates in 2011, providing functional layouts with enduring coastal appeal. The separation between the two units allows for privacy while maintaining the charm and walkability that define Balboa Island. Carport for golf cart parking on the side of the house. Perfectly located only four streets from Marine Avenue, on one of the wider streets on the island, this property is ideal for an owner-user, investor, or anyone seeking a prime coastal location with long-term upside.
Sold for $3,615,000
Listed by: Compass • Nikki Gwaltney • Contact: 949-422-0943
Bought with: Compass
$3,615,000
120 Coral Ave, Newport Beach, CA 92662
4beds
2,182sqft
Duplex
Built in 1990
2,550 Square Feet Lot
$3,642,200 Zestimate®
$1,657/sqft
$6,099 Estimated rent
Home value
$3,642,200
$3.35M - $3.93M
$6,099/mo
Zestimate® history
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Two spacious bedrooms upstairs
Zillow last checked:
Listing updated:
Listed by:
Nikki Gwaltney DRE #02042709 949-422-0943,
Compass
Bought with:
Katie Houlahan, DRE #02005954
Compass
Source: CRMLS,MLS#: NP26040935
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 1
- 3/4 bathrooms: 3
- Main level bathrooms: 1
Rooms
- Room types: Bedroom, Kitchen, Living Room, Other, Dining Room
Bedroom
- Features: All Bedrooms Up
Other
- Features: Walk-In Closet(s)
Heating
- Forced Air, Wall Furnace
Cooling
- None, Wall/Window Unit(s)
Appliances
- Laundry: In Garage
Features
- Built-in Features, Balcony, Central Vacuum, Separate/Formal Dining Room, All Bedrooms Up, Walk-In Closet(s)
- Flooring: Carpet, Tile
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,182 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage Faces Rear, On Street
- Garage spaces: 2
- Carport spaces: 1
- Covered spaces: 3
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Patio & porch: Front Porch, Tile
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Harbor, Peek-A-Boo
- Has water view: Yes
- Water view: Harbor
Lot
- Size: 2,550 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 05011204
- Special conditions: Trust
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Spanish
- Property subtype: Duplex
Materials
- Stucco
- Roof: Clay,Tile
Condition
- New construction: No
- Year built: 1990
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Curbs, Sidewalks
- Subdivision: Balboa Island - Main Island (Balm)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $1,657/sqft
- Tax assessed value: $1,124,527
- Date on market: 2/24/2026
- Cumulative days on market: 16 days
- Listing terms: Cash,Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2026 | Sold | $3,615,000-1.9%$1,657/sqft |
Source:  CRMLS #NP26040935 Report a problem | ||
| 4/1/2026 | Pending sale | $3,685,000$1,689/sqft |
Source: CRMLS #NP26040935 Report a problem | ||
| 3/18/2026 | Contingent | $3,685,000$1,689/sqft |
Source: CRMLS #NP26040935 Report a problem | ||
| 2/24/2026 | Listed for sale | $3,685,000$1,689/sqft |
Source: CRMLS #NP26040935 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,124,527 +2% |
| 2025 | $14,760 +1.3% | $1,102,478 +2% |
| 2024 | $14,564 +2.6% | $1,080,861 +2% |
| 2023 | $14,190 +24.1% | $1,059,668 +2% |
| 2022 | $11,434 +1.9% | $1,038,891 +2% |
| 2021 | $11,218 +1% | $1,018,521 +1% |
| 2020 | $11,109 | $1,008,078 +2% |
| 2019 | $11,109 +2.1% | $988,312 +2% |
| 2018 | $10,886 +4.6% | $968,934 +2% |
| 2017 | $10,411 | $949,936 +2% |
| 2016 | $10,411 +2.3% | $931,310 +1.5% |
| 2015 | $10,179 +3.4% | $917,321 +2% |
| 2014 | $9,843 | $899,352 +0.5% |
| 2013 | -- | $895,288 +2% |
| 2012 | -- | $877,734 +2.4% |
| 2011 | -- | $857,024 +0.8% |
| 2010 | -- | $850,619 -0.2% |
| 2009 | -- | $852,641 +2% |
| 2008 | -- | $835,923 +2% |
| 2007 | -- | $819,533 +2% |
| 2006 | -- | $803,464 +2% |
| 2005 | -- | $787,710 +2% |
| 2004 | -- | $772,265 +1.9% |
| 2003 | -- | $758,112 +2% |
| 2002 | -- | $743,248 +2% |
| 2001 | $7,448 +2.6% | $728,675 +2% |
| 2000 | $7,259 | $714,388 |
Find assessor info on the county website
Neighborhood: 92662
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Nearby schools
GreatSchools rating
- 9/10Abraham Lincoln Elementary SchoolGrades: K-6Distance: 1.9 mi
- 8/10Corona Del Mar High SchoolGrades: 7-12Distance: 2.2 mi
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Estimated market value
$3,642,200
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Estimated market value
$3,642,200
- California
- Orange County
- Newport Beach
- 92662
- 120 Coral Ave
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