Charming Original Balboa Island Cottage – First Time Available in 65+ Years
Welcome to 308 Coral Avenue, a rare opportunity to own an original Balboa Island cottage that has been lovingly held by the same family for over six decades. This 3-bedroom, 2-bathroom home sits on a standard interior lot in one of the most desirable coastal communities in Southern California.
Featuring classic cottage architecture and a 1-car garage, the home retains much of its vintage character and charm, offering a blank canvas for renovation or rebuild. It is perfectly livable as-is and offers incredible potential for customization.
Situated close to Marine Avenue’s shops and restaurants, the bayfront, and the Balboa Island Ferry, this special property offers the best of island living. Whether you envision restoring its timeless charm or creating your dream coastal retreat, this is a rare chance to make your mark on a piece of Balboa Island history.
Sold for $2,884,000
Street View
Listed by: Surterre Properties • Mele Brobeck • Contact: 949-230-5658
Bought with: Surterre Properties Inc
Tax assessed value
$2,884,000
308 Coral Ave, Newport Beach, CA 92662
3beds
1,390sqft
Single Family Residence
Built in 1939
2,550 Square Feet Lot
$2,890,200 Zestimate®
$2,075/sqft
$6,804 Estimated rent
Home value
$2,890,200
$2.66M - $3.15M
$6,804/mo
Zestimate® history
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$6,804/mo
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$18,140/mo
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$18,140/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Mele Brobeck DRE #01994103 949-230-5658,
Surterre Properties,
Momi Bartholomew DRE #01712989 949-701-0998,
Surterre Properties
Bought with:
Madison Brown, DRE #02169711
Surterre Properties Inc
Source: CRMLS,MLS#: LG25181808
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Bedroom, Kitchen, Living Room
Bedroom
- Features: Bedroom on Main Level
Cooling
- None
Appliances
- Laundry: In Garage
Features
- Bedroom on Main Level
- Has fireplace: Yes
- Fireplace features: Family Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,390 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 2,550 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 05013117
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1939
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Sidewalks
- Subdivision: Balboa Island - Main Island (Balm)
Location
- Region: Newport Beach
Financial & listing details
- Price per square foot: $2,075/sqft
- Tax assessed value: $2,884,000
- Date on market: 8/13/2025
- Cumulative days on market: 57 days
- Listing terms: Cash,Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 8/24/2026 | Listing removed | $9,215$7/sqft |
Source: CRMLS #OC26026962 Report a problem | ||
| 8/2/2026 | Listed for rent | $9,215-23.2%$7/sqft |
Source: CRMLS #OC26026962 Report a problem | ||
| 5/25/2026 | Listing removed | $12,000$9/sqft |
Source: CRMLS #OC26026962 Report a problem | ||
| 2/5/2026 | Listed for rent | $12,000$9/sqft |
Source: CRMLS #OC26026962 Report a problem | ||
| 10/21/2025 | Sold | $2,884,000-3.7%$2,075/sqft |
Source:  CRMLS #LG25181808 Report a problem | ||
| 10/15/2025 | Contingent | $2,995,000$2,155/sqft |
Source: CRMLS #LG25181808 Report a problem | ||
| 9/30/2025 | Price change | $2,995,000-7.8%$2,155/sqft |
Source: CRMLS #LG25181808 Report a problem | ||
| 8/13/2025 | Listed for sale | $3,250,000$2,338/sqft |
Source: CRMLS #LG25181808 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $2,884,000 +1797.6% |
| 2025 | $4,648 +0.8% | $151,981 +2% |
| 2024 | $4,610 +3.1% | $149,001 +2% |
| 2023 | $4,469 +138.4% | $146,080 +2% |
| 2022 | $1,875 +1.8% | $143,216 +2% |
| 2021 | $1,841 +1% | $140,408 +1% |
| 2020 | $1,823 | $138,969 +2% |
| 2019 | $1,823 +1.7% | $136,245 +2% |
| 2018 | $1,793 +3.6% | $133,574 +2% |
| 2017 | $1,730 | $130,955 +2% |
| 2016 | $1,730 +2.1% | $128,388 +1.5% |
| 2015 | $1,695 +3.5% | $126,460 +2% |
| 2014 | $1,638 | $123,983 +0.5% |
| 2013 | -- | $123,423 +2% |
| 2012 | -- | $121,003 +2% |
| 2011 | -- | $118,631 +0.8% |
| 2010 | -- | $117,745 -0.2% |
| 2009 | -- | $118,025 +2% |
| 2008 | -- | $115,711 +2% |
| 2007 | -- | $113,443 +2% |
| 2006 | -- | $111,219 +2% |
| 2005 | -- | $109,039 +2% |
| 2004 | -- | $106,901 +1.9% |
| 2003 | -- | $104,942 +2% |
| 2002 | -- | $102,885 +2% |
| 2001 | $1,117 +2.6% | $100,868 +2% |
| 2000 | $1,089 | $98,891 |
Find assessor info on the county website
Neighborhood: 92662
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Nearby schools
GreatSchools rating
- 9/10Abraham Lincoln Elementary SchoolGrades: K-6Distance: 1.8 mi
- 8/10Corona Del Mar High SchoolGrades: 7-12Distance: 2 mi
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Estimated market value
$2,890,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,890,200
- California
- Orange County
- Newport Beach
- 92662
- 308 Coral Ave
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