308 Coral Ave, Newport Beach, CA 92662 - View 1
308 Coral Ave, Newport Beach, CA 92662 - View 2
308 Coral Ave, Newport Beach, CA 92662 - View 3

308 Coral Ave, Newport Beach, CA 92662

List Price: $3,250,000On Market FlagOn market
Aug 13, 20251,390 sqft3 beds2 baths
Listed by: Mele Brobeck
License #: 01994103
Phone #: 949-230-5658
Surterre Properties
Source:
CRMLS Logo
MLS #: LG25181808

Property Description

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 within short walking distance 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.
Assignment
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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

$42,507

TurboHome Estimated Value

$3,041,900

$2,188 sqft

High Valuation
$3,193,995
$2298/sqft
Normal Valuation
$3,041,900
$2188/sqft
Low Valuation
$2,889,805
$2079/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$2188/sqft$3,041,900

Neighborhood: Balboa Island - Main Island (BALM)

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Comparative Value

$2.20M

$2.75M

$3.25M

$3.40M

$3.50M

$3.79M

313 Coronado St, Newport Beach, CA 92661

Sale Price: $2,200,000

Selected Comparable

303 Onyx Ave, Newport Beach, CA 92662

Sale Price: $2,750,000

Selected Comparable

308 Coral Ave, Newport Beach, CA 92662

List Price: $3,250,000

Subject Property

1611 Balboa Ave, Newport Beach, CA 92662

Sale Price: $3,400,000

Selected Comparable

2004 E Ocean Blvd, Newport Beach, CA 92661

Sale Price: $3,500,000

Selected Comparable

2125 Miramar Dr, Newport Beach, CA 92661

Sale Price: $3,785,685

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
308 Coral Ave, Newport Beach, CA 92662

308 Coral Ave, Newport Beach, CA 92662

List: $3,250,000

Listed: 8/13/2025

Area:1,390 sqft
Price/sqft:$2,338
Beds:3
Baths:2
Year Built:
Lot Size:2,550

Comparable Properties

COMPARABLE
Choose comps
1611 Balboa Ave, Newport Beach, CA 92662

1611 Balboa Ave, Newport Beach, CA 92662

Sale: $3,400,000

9/18/20240.29 mi

Area:1,357 sqft
Price/sqft:$2,506
Beds:3
Baths:2
Year Built:
Weight:22.6%
313 Coronado St, Newport Beach, CA 92661

313 Coronado St, Newport Beach, CA 92661

Sale: $2,200,000

3/17/20250.67 mi

Area:1,605 sqft
Price/sqft:$1,371
Beds:3
Baths:2
Year Built:
Weight:20.7%
2004 E Ocean Blvd, Newport Beach, CA 92661

2004 E Ocean Blvd, Newport Beach, CA 92661

Sale: $3,500,000

11/27/20240.81 mi

Area:1,176 sqft
Price/sqft:$2,976
Beds:3
Baths:2
Year Built:
Weight:19.9%
2125 Miramar Dr, Newport Beach, CA 92661

2125 Miramar Dr, Newport Beach, CA 92661

Sale: $3,785,685

11/15/20240.91 mi

Area:1,426 sqft
Price/sqft:$2,655
Beds:3
Baths:3
Year Built:
Weight:18.8%
303 Onyx Ave, Newport Beach, CA 92662

303 Onyx Ave, Newport Beach, CA 92662

Sale: $2,750,000

4/8/20250.10 mi

Area:1,144 sqft
Price/sqft:$2,404
Beds:2
Baths:2
Year Built:
Weight:17.9%

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