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Sold for $6,000,000
    • Listed by: Arbor Real Estate • Ryan Gunderson • Contact: 949-873-3841
    Bought with: Pacific Sotheby's Int'l Realty
    $6,000,000

    121 Garnet Ave, Newport Beach, CA 92662

    3beds
    2,317sqft
    Single Family Residence
    Built in 2004
    2,550 Square Feet Lot
    $5,901,300 Zestimate®
    $2,590/sqft
    $7,608 Estimated rent

    Home value

    $5,901,300

    $5.61M - $6.20M

    $7,608/mo

    Zestimate® history
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    $37,396/mo

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    What's special

    Private courtyardLarge center islandPrivate two-story officeSeparate dining areaHigh-end appliancesCustom built-insFloating shelves
    Incredible opportunity to own a beautifully designed home on the quiet end of Balboa Island’s desirable 100 block of Garnet. The first level features a spacious raised front patio with fire pit and built-in barbecue, with beautiful bifold doors leading into a light-filled great room with fireplace, custom built-ins, separate dining area, and a gourmet chef’s kitchen offering elegant stonework, floating shelves, a large center island, and high-end appliances. This level also includes a private courtyard, a laundry area with additional sink, and a guest bath. The second level showcases a generous primary suite with vaulted ceilings, private two-story office, walk-in closet, and a spacious bath with walk-in shower and freestanding tub, along with a den, a dedicated fitness or flex room, two additional bedrooms including one ensuite, and an additional bath. The third level offers a bonus space with sink and mini refrigerator, opening to an impressive roof deck with covered lounge, fireplace, and dining space. The home also includes a spacious two-car garage with custom storage and an area for golf cart parking. Do not miss this rare opportunity to own an immaculate home in one of Balboa Island’s most peaceful locations.

    Zillow last checked:

    Listing updated:

    Listed by:

    Ryan Gunderson DRE #01869795 ryan@arborrealestate.com,

    Arbor Real Estate

    Bought with:

    Kimberly Bibb, DRE #01210754

    Pacific Sotheby's Int'l Realty

    Source: CRMLS,MLS#: NP26028971MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 1
    • 3/4 bathrooms: 2
    • 1/2 bathrooms: 1
    • Main level bathrooms: 1
    Rooms
    • Room types: Bedroom
    Bedroom
    • Features: All Bedrooms Up
    Cooling
    • Central Air
    Appliances
    • Included: 6 Burner Stove, Dishwasher, Microwave, Refrigerator, Range Hood
    • Laundry: Stacked
    Features
    • All Bedrooms Up
    • Flooring: Wood
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 2,317 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    • Attached garage spaces: 2
    Accessibility
    • Accessibility features: Safe Emergency Egress from Home
    Features
    • Levels: Three Or More
    • Stories: 3
    • Entry location: 1
    • Pool features: None
    • Has view: Yes
    • View description: City Lights
    Lot
    • Size: 2,550 Square Feet
    • Features: Rectangular Lot
    Details
    • Parcel number: 05004120
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 2004

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

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

    Financial & listing details

    • Price per square foot: $2,590/sqft
    • Tax assessed value: $4,350,952
    • Annual tax amount: $47,812
    • Date on market: 2/10/2026
    • Cumulative days on market: 8 days
    • Listing terms: Cash to New Loan

    Price history

    DateEventPrice
    2/25/2026Sold$6,000,000+0.1%$2,590/sqft
    Source: CRMLS #NP26028971 Report a problem
    2/18/2026Contingent$5,995,000$2,587/sqft
    Source: CRMLS #NP26028971 Report a problem
    2/11/2026Listed for sale$5,995,000+46.2%$2,587/sqft
    Source: CRMLS #NP26028971 Report a problem
    8/2/2021Sold$4,100,000+2.6%$1,770/sqft
    Source: Public Record Report a problem
    7/26/2021Pending sale$3,995,000$1,724/sqft
    Source: CRMLS #NP21153713 Report a problem
    7/19/2021Contingent$3,995,000$1,724/sqft
    Source: CRMLS #NP21153713 Report a problem
    7/16/2021Listed for sale$3,995,000+14.1%$1,724/sqft
    Source: CRMLS #NP21153713 Report a problem
    8/19/2019Sold$3,500,000-7.8%$1,511/sqft
    Source: CRMLS #NP19037319 Report a problem
    8/15/2019Pending sale$3,795,000$1,638/sqft
    Source: Coldwell Banker Residential Brokerage - Newport Beach #NP19037319 Report a problem
    5/10/2019Price change$3,795,000-2.6%$1,638/sqft
    Source: Coldwell Banker Residential Brokerage - Newport Beach #NP19037319 Report a problem
    2/26/2019Listed for sale$3,895,000+34.3%$1,681/sqft
    Source: Coldwell Banker Res. Brokerage #NP19037319 Report a problem
    9/21/2016Sold$2,900,000-1.7%$1,252/sqft
    Source: Public Record Report a problem
    8/8/2016Pending sale$2,950,000$1,273/sqft
    Source: Abrams Coastal Properties #NP16148165 Report a problem
    7/8/2016Listed for sale$2,950,000+40.5%$1,273/sqft
    Source: Abrams Coastal Properties #NP16148165 Report a problem
    3/30/2004Sold$2,100,000+107.9%$906/sqft
    Source: Public Record Report a problem
    12/17/2002Sold$1,010,000$436/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$47,812 +1.6%$4,350,952 +2%
    2024$47,056 +2.3%$4,265,640 +2%
    2023$45,992 -8.3%$4,182,000 +2%
    2022$50,172 +27.8%$4,100,000 +15.9%
    2021$39,254 -5.1%$3,536,260 +1%
    2020$41,375 +11.4%$3,500,000 +16.4%
    2019$37,136 +16.1%$3,007,198 +2%
    2018$31,975 +4%$2,948,234 +2.2%
    2017$30,732 $2,885,669 +14.4%
    2016$30,732 +14.6%$2,522,195 +1.5%
    2015$26,819 +3.4%$2,484,310 +2%
    2014$25,941 $2,435,646 +0.5%
    2013-- $2,424,639 +8.8%
    2012-- $2,228,536
    2011-- $2,228,536
    2010-- $2,228,536
    2009-- $2,228,536
    2008-- $2,228,536
    2007-- $2,228,536 +2%
    2006-- $2,184,840 +2%
    2005-- $2,142,000 +93%
    2004-- $1,109,621 +9.9%
    2003-- $1,010,000 +966.8%
    2002-- $94,672 +2%
    2001$1,035 +2.5%$92,816 +2%
    2000$1,009 $90,997
    Find assessor info on the county website

    Neighborhood: 92662

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    Estimated market value
    $5,901,300
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    Estimated market value
    $5,901,300

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