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Sold for $4,075,000
  • Listed by: Allison James Estates & Homes • Shannon Munoz • Contact: 951-553-9997
    Bought with: The Agency
    $4,075,000

    123 Diamond Ave, Newport Beach, CA 92662

    3beds
    2,354sqft
    Single Family Residence
    Built in 1995
    2,550 Square Feet Lot
    $4,936,200 Zestimate®
    $1,731/sqft
    $8,433 Estimated rent

    Home value

    $4,936,200

    $4.39M - $5.63M

    $8,433/mo

    Zestimate® history
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    What's special

    Discover coastal living at its finest in this charming Balboa Island home, just 8 houses from the beach at 123 Diamond Ave, Newport Beach. This 3-bedroom, 3-bathroom residence offers 2,350 square feet of thoughtfully designed living space across three levels, embodying Southern California's laid-back lifestyle. Step into a world where small-town charm meets luxury. Balboa Island's quaint atmosphere invites you to explore the neighborhood on foot, embracing the close-knit community vibe. The open concept first floor welcomes you with a seamless flow between the family room, dining area, and kitchen. Floor-to-ceiling sliding doors in the family room flood the space with light and lead to a cozy front patio, while a fireplace adds warmth. The kitchen features double ovens, a built-in refrigerator, and an oversized island. Hand-crafted solid maple cabinetry provides ample storage and elegance. Ascend the grand spiral staircase to the second floor's oversized master suite. The bedroom basks in natural light, with a private balcony offering ocean peeks. The master bathroom boasts a deep soaking tub, spacious shower, and dual vanity with marble countertops, creating a spa-like retreat. Two additional bedrooms share a balcony with ocean glimpses and a full bath. A kitchenette with sink and refrigerator caters to guests, while a charming spiral staircase offers private access to the side patio below. The third floor reveals a versatile loft space, perfect for reading or yoga, complete with abundant light. A wet bar adds convenience, and access to the rooftop patio unveils breathtaking ocean views. Let your imagination soar as you envision endless possibilities for this outdoor oasis – from sunset cocktails to morning meditations. Additional features include a main floor laundry room and full bathroom. The home's thoughtful design maximizes both functionality and style, ideal for everyday living and entertaining. Located in the heart of Balboa Island, this home offers the perfect blend of privacy and community. Enjoy beach strolls, explore local boutiques and eateries, or relax on your private patios and balconies. With its prime location and luxurious amenities, 123 Diamond Ave presents a rare opportunity to own a slice of paradise in one of Southern California's most coveted coastal communities. Experience the magic of Balboa Island living – where every day feels like a vacation, and the beauty of the coast is always just steps away.

    Zillow last checked:

    Listing updated:

    Listed by:

    Shannon Munoz DRE #02022001 951-553-9997,

    Allison James Estates & Homes,

    Elijah Weeks DRE #02145909,

    Kase Real Estate

    Bought with:

    Jonathon Gednalske, DRE #02199008

    The Agency

    Source: CRMLS,MLS#: SW25022435MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 1
    Rooms
    • Room types: Family Room, Loft, Primary Bathroom, Primary Bedroom
    Cooling
    • Central Air
    Appliances
    • Laundry: Laundry Room
    Features
    • Loft
    • Has fireplace: Yes
    • Fireplace features: Family Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 2,354 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    • Attached garage spaces: 2
    Features
    • Levels: Three Or More
    • Stories: 3
    • Entry location: first floor
    • Pool features: None
    • Has view: Yes
    • View description: Ocean
    • Has water view: Yes
    • Water view: Ocean
    Lot
    • Size: 2,550 Square Feet
    Details
    • Parcel number: 05010222
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Patio Home
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 1995

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Biking, Curbs, Fishing, Storm Drain(s), Street Lights, Sidewalks, Water Sports
    • Subdivision: Balboa Island - Main Island (Balm)
    Location
    • Region: Newport Beach

    Financial & listing details

    • Price per square foot: $1,731/sqft
    • Tax assessed value: $4,131,000
    • Annual tax amount: $46,672
    • Date on market: 1/30/2025
    • Cumulative days on market: 142 days
    • Listing terms: Cash,Conventional,Fannie Mae,Freddie Mac,VA Loan

    Price history

    DateEventPrice
    1/30/2025Sold$4,075,000+826.1%$1,731/sqft
    Source: CRMLS #SW25022435 Report a problem
    11/7/1994Sold$440,000$187/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$46,672 +214.7%$4,131,000 +268.8%
    2024$14,830 +3.1%$1,120,174 +2%
    2023$14,377 +23.7%$1,098,210 +2%
    2022$11,619 +2%$1,076,677 +2%
    2021$11,396 +1%$1,055,566 +1%
    2020$11,286 $1,044,743 +2%
    2019$11,286 +2.1%$1,024,258 +2%
    2018$11,055 +3.9%$1,004,175 +2%
    2017$10,643 $984,486 +2%
    2016$10,643 +2.3%$965,183 +1.5%
    2015$10,404 +2.7%$950,686 +2%
    2014$10,134 $932,064 +0.5%
    2013-- $927,852 +2%
    2012-- $909,659 +2%
    2011-- $891,823 +0.8%
    2010-- $885,158 -0.2%
    2009-- $887,261 +2%
    2008-- $869,864 +2%
    2007-- $852,808 +2%
    2006-- $836,087 +2%
    2005-- $819,694 +2%
    2004-- $803,622 +1.9%
    2003-- $788,894 +2%
    2002-- $773,426 +2%
    2001$7,716 +2.6%$758,261 +2%
    2000$7,520 $743,394
    Find assessor info on the county website

    Neighborhood: 92662

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $4,936,200
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $4,936,200