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  • 118 Emerald

118 Emerald, Newport Beach, CA 92662

$3,499,000 Approx. USD 5 beds, 3 baths
1,893 sqft

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Deanne Palmer REALTORĀ® - Sales Associate 619-405-1862 m
619-405-1862 o
Lic#: 01487194
NRDS ID: 196533729
DeanneMPalmer@gmail.com
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Lic#: 01487194
NRDS ID: 196533729
DeanneMPalmer@gmail.com
San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
Phone: 619-294-3113
Fax: 619-521-0100
San Diego Central 2355 Northside Drive, Suite 180
San Diego, CA 92108
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Fax: 619-521-0100
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Listing Agent


Lucas Kinney | lucasandrewkinney@gmail.com
Lic#: 01946207
Broker: Courtesy of Balboa Island Estates
Phone: 949-205-6382 | pfburrack@Windermeresocal.com
Lic#: 01941416
Broker: Courtesy of SCA Real Estate

Agent Remarks

Situated on the highly sought-after ā€œQuiet Endā€ 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.

Listing Details

Trust & Probate
Property type: Duplex (Single Family)
Status: Pending
MLS# PW26082073
List price is $3,499,000 Reduced by $150,000 on 6/17/2026
Price: $3,499,000
HOA Fee is $0.00
Beds: 5
Baths: 3 (1 full)
Living Room fireplaces
Built in 1940
1,893 sqft
2 stories
0.06 acres
Lot size: 0.0600
Subdivision: Balboa Island - Main Island (BALM)
County: Orange
Property style: Cottage
Construction: Wood Siding
Interior features: Wood Product Walls,All Bedrooms Up,All Bedrooms Down
Exterior features: Awning(s)
Appliances: Gas Oven,Gas Range
Parking description: Door-Multi,Garage,Garage Faces Rear
Lot description: ZeroToOneUnitAcre
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: N9 - Lower Newport Bay - Balboa Island

Last Updated: 8/11/2026

 Days On Market (DOM): 79

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This listing belongs to the N9 - Lower Newport Bay - Balboa Island MLS area

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The style of this listing is Cottage.
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Lat/Long: 33.607517, -117.899084.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Deanne Palmer

Deanne Palmer REALTORĀ® - Sales Associate 619-405-1862 m
619-405-1862 o
Lic#: 01487194
NRDS ID: 196533729
DeanneMPalmer@gmail.com
Text Me
Call My Cell
Call My Office
Lic#: 01487194
NRDS ID: 196533729
DeanneMPalmer@gmail.com

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