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308 Collins Ave, Newport Beach, CA 92662

Sale Price: $5,100,000
Jan 24, 20252,494 sqft3 beds4 baths
Listed by: Lori McGuire
License #: 00959318
Phone #: 949-248-8401
RE/MAX Select One
Source:
CRMLS Logo
MLS #: OC25016712

Property Description

Discover coastal living at its finest with this exquisite property at 308 Collins Ave, Newport Beach, CA. Nestled on the sunny side of one of Balboa Island's widest streets, this captivating Cape Cod-style home by architect Ian Harrison embodies the classic beach cottage aesthetic with timeless sophistication. The 3-bedroom, 3-bathroom residence spans 2,494 sqft and offers a quintessential Balboa Island living experience. Step inside to find a freshly painted interior with new flooring. The open concept living room, complete with a cozy fireplace, provides the perfect setting to unwind after a day of island adventures. French doors open to the front patio, ideal for savoring your morning coffee or evening wine while enjoying the gentle coastal breezes. The charming kitchen boasts top-of-the-line stainless steel appliances, an oversized island with breakfast bar, and a walk-in pantry for ample storage. Ascend to the second level to find a wraparound porch, bonus recreational area, dual primary suites, spacious secondary bedroom and gorgeously appointed bathrooms. The home's crowning jewel is the third-story study, which opens onto a roof-top deck offering breathtaking peek-a-boo bay views – the perfect vantage point for watching Balboa Island's famous fireworks displays and boat parade. With a 2-car attached garage featuring epoxy flooring, this home offers both style and practicality. Living on Balboa Island is a unique experience, offering a tight-knit community feel with all the perks of a permanent vacation. Enjoy leisurely strolls along the waterfront, browse charming local shops on Marine Avenue, or indulge in the island's famous frozen bananas. The area boasts excellent schools and provides easy access to Newport Beach's world-class dining and shopping. Whether you're looking for a permanent residence or a luxurious getaway, 308 Collins Ave presents an unparalleled opportunity to embrace the laid-back coastal lifestyle that makes Balboa Island one of Southern California's most coveted addresses.
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$86,382

TurboHome Estimated Value

$5,379,300

$2,157 sqft

High Valuation
$5,648,265
$2265/sqft
Normal Valuation
$5,379,300
$2157/sqft
Low Valuation
$5,110,335
$2049/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$2157/sqft$5,379,300

Neighborhood: Balboa Island - Main Island (BALM)

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Comparative Value

$5.00M

$5.10M

$5.60M

$5.80M

$6.30M

308 Collins Ave, Newport Beach, CA 92662

List Price: $4,999,800

Subject Property

308 Collins Ave, Newport Beach, CA 92662

Sale Price: $5,100,000

Selected Comparable

129 Topaz Ave, Newport Beach, CA 92662

Sale Price: $5,150,000

Selected Comparable

208 Collins Ave, Newport Beach, CA 92662

Sale Price: $5,600,000

Selected Comparable

205 Pearl Ave, Newport Beach, CA 92662

Sale Price: $5,800,000

Selected Comparable

113 Topaz Ave, Newport Beach, CA 92662

Sale Price: $6,300,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
308 Collins Ave, Newport Beach, CA 92662

308 Collins Ave, Newport Beach, CA 92662

List: $4,999,800

Listed: 1/24/2025

Area:2,494 sqft
Price/sqft:$2,005
Beds:3
Baths:4
Year Built:
Lot Size:2,550

Comparable Properties

COMPARABLE
Choose comps
308 Collins Ave, Newport Beach, CA 92662

308 Collins Ave, Newport Beach, CA 92662

Sale: $5,100,000

2/21/20250.00 mi

Area:2,494 sqft
Price/sqft:$2,045
Beds:3
Baths:4
Year Built:
Weight:23.0%
208 Collins Ave, Newport Beach, CA 92662

208 Collins Ave, Newport Beach, CA 92662

Sale: $5,600,000

2/18/20250.09 mi

Area:2,393 sqft
Price/sqft:$2,340
Beds:3
Baths:5
Year Built:
Weight:19.6%
205 Pearl Ave, Newport Beach, CA 92662

205 Pearl Ave, Newport Beach, CA 92662

Sale: $5,800,000

5/20/20250.14 mi

Area:2,300 sqft
Price/sqft:$2,522
Beds:3
Baths:5
Year Built:
Weight:19.5%
113 Topaz Ave, Newport Beach, CA 92662

113 Topaz Ave, Newport Beach, CA 92662

Sale: $6,300,000

2/10/20250.18 mi

Area:2,333 sqft
Price/sqft:$2,700
Beds:3
Baths:5
Year Built:
Weight:19.0%
129 Topaz Ave, Newport Beach, CA 92662

129 Topaz Ave, Newport Beach, CA 92662

Sale: $5,150,000

9/24/20240.13 mi

Area:2,544 sqft
Price/sqft:$2,024
Beds:3
Baths:5
Year Built:
Weight:18.9%

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