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120 Abalone Ave, Newport Beach, CA 92662
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120 Abalone Ave Newport Beach, CA 92662

$3,216,700 Sold Price as of 05/31/2023
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$3,216,700 Sold Price as of 05/31/2023 Refinance Your Mortgage
Map preview of 120 Abalone Ave, Newport Beach, CA 92662

Property Overview: 120 Abalone Ave Newport Beach, CA has -- bedrooms, -- bathrooms, -- living square feet and 2,550 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare opportunity to own on Balboa's coveted and picturesque Little Island. This exceptionally well-located lot is offered in its pre-construction status with soon-to-be approved plans for a custom 2,295 s.f. Cape Cod-inspired Island home. This meticulously planned home will offer three levels with of exceptional indoor/outdoor living space perfect for entertaining and relaxing. Whether on the first-level outdoor living space or from the covered third-floor rooftop deck, enjoy sumptuous gentle breezes sweeping in from the bay located a few hundred feet away. Features include an elevator to all levels, fireplaces on each of the three levels, ground floor BBQ area, 2-car garage, and an outdoor electric golf cart parking area. Plans include pre-engineering for 3rd level spa. With less than 250 homes on Balboa's peaceful Little Island, this is a fantastic opportunity to own a perfectly situated custom dream home in a highly walkable, water-close location with options to select finishes and personalize with your signature! With close proximity to Balboa’s Marine Ave. teeming with local boutique shops and restaurants, Newport harbor and beaches, world-class shopping at nearby Fashion Island, and championship golf courses, 120 Abalone is a perfect place for full-time residency or part-time vacation stays.***Seller is in the permit approval process and plans are subject to change. Buyer to investigate all aspects of the property including plans, permits, and views to Buyer's satisfaction. Property is also available for sale as a completed project for $5.8M. See MLS # NP23007214

Listed by Patricia White | BRE #01076297 | Pacific Sotheby's Int'l Realty
Co-listed by Gordon Henry | BRE #00704984 | Pacific Sotheby's Int'l Realty
Last checked: 3 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 26

Home details

Lot Sq. Ft
2,550
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
NP23007999
City
Newport Beach
County
Orange
Time on Site
471 days

Property Details for 120 Abalone Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Harbor, Neighborhood
  • Parcel Number: 05018203
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Underground Utilities
Location / Neighborhood
Location Information
  • Subdivision Name: Balboa Island - Little Island (BALL)
  • Directions: Pacific Coast Highway 1 to Jamboree South, (L) on Park, (R) on Abalone.
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Newport Beach Agent

Sale History for 120 Abalone Ave

Last sold for $3,216,700 on May 31st, 2023

  • May, 2023

  • May 31, 2023

    Date

    Canceled

    CRMLS: NP23007214

    $5,800,000

    Price

  • Feb 7, 2023

    Date

    Active

    CRMLS: NP23007214

    $5,800,000

    Price

  • Listing provided courtesy of CRMLS

    Rare opportunity to own a new custom home on Balboa's coveted and picturesque Little Island. Constructed by noted luxury home builder, Eric Farmer Construction, this Cape Code-inspired residence is scheduled for completion in early 2024. Meticulously planned with the highest attention to detail, including energy performance and the finest quality of materials, the home offers approximately 2,295 s.f. of exceptional indoor/outdoor living space with elevator service to all 3 levels. Main level includes an open floorplan ideal for entertaining centered around a gourmet kitchen, dining and living areas seamlessly opening to a front patio. The second level features 3 en-suite bedrooms, including the sumptuous master suite with private deck and harbor views. Atop is the fabulous roof top deck with both covered and open space and pre-engineered for spa. The home is completed with 2-car garage and an outdoor parking area for electric golf cart, bikes, or recreational gear. Whether on the first-floor outdoor space or on the third-floor rooftop deck, enjoy delightful breezes sweeping in from the bay located approximately 100 yards from the property and 2 blocks from Grand Canal. With less than 250 homes on Balboa's peaceful Little Island, this is a fantastic opportunity to own a perfectly located custom dream home in a highly walkable, water-close location with options to select finishes and personalize with your signature! With nearby Marine Ave. teeming with local boutique shops and restaurants, Newport harbor and beaches, world-class shopping at nearby Fashion Island, and championship golf courses, 120 Abalone is a perfect place for full-time residency or part-time vacation stays.***Seller is in the permit approval process and plans are subject to change. Buyer to verify all aspects of the property to buyer’s satisfaction including plans, specifications, views, and all other construction details. Property is also listed in its pre-construction stage with soon-to-be approved plans at $3.65M (MLS # NP23007999)

  • May, 2023

  • May 31, 2023

    Date

    Sold

    CRMLS: NP23007999

    $3,216,700

    Price

  • Jan 19, 2023

    Date

    Active

    CRMLS: NP23007999

    $3,650,000

    Price

Show More

Tax History for 120 Abalone Ave

Assessed Value (2020): $134,507
Year Land Value Improved Value Assessed Value
2020 $114,328 $20,179 $134,507

Home Value Compared to the Market

This property vs the competition

120 Abalone Ave sold on May 31, 2023 for 1.35% lower than the current median sold price for the city of Newport Beach which is $3,700,000.

About 120 Abalone Ave

Detailed summary of property

120 Abalone Ave is a land that recently sold in Newport Beach, CA 92662. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 2,550 square foot lot. 120 Abalone Ave was first listed on ArdentRealEstateGroup.com on January 19, 2023. The homeowner sold the property for $3,216,700. Home in Newport Beach are selling for a median price of $3,700,000 and a median price per square foot of $1,360. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 1.35% lower than the current median priced home. Local homes that are currently for sale include 2151 Carbon Canyon Rd, 1341 W 6th St and 229 W Grand Blvd. While the average home in Newport Beach, CA is selling in 74 days, 120 Abalone Ave has a days on market of 26 days. There are currently 269 homes for sale in the Newport Beach real estate market and 201 of them are single family homes while 55 of them are condos and 13 are townhomes. For more information on this home for sale at 120 Abalone Ave Newport Beach, CA 92662 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 120 Abalone Ave

Public county record property details
Beds
3
Baths
2
Year built
1938
Sq. Ft.
1,295
Lot Size
2,550
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
20
APN
050-182-03

The source for these homes facts are from public records.

92662 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$4,949,000
Median List Price/Sq.Ft.
$2,379
Median Sold Price
$6,300,000
Median Sold Price/Sq.Ft.
$2,734
Total Inventory
10
Median Sale to List Price %
98.51%
Avg Days on Market
19
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (66.67%), Other (33.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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