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126 Abalone Ave, Newport Beach, CA 92662

Sale Price: $5,500,000
Feb 26, 20252,219 sqft5 beds5 baths
Listed by: Anne Hoover
License #: 01073709
Phone #: 949-717-7100
Surterre Properties Inc.
Source:
CRMLS Logo
MLS #: NP25042399

Property Description

ICONIC BALBOA ISLAND COASTAL MASTERPIECE. Nestled on the Little Island, this historic treasure was built in 1928 by a local sea captain. With nearly a century of memories held within its walls, this stunning residence is a masterpiece of restoration and charm. The home seamlessly blends modern luxuries with a deep commitment to its original character and soul. Situated on a prime corner lot, it enjoys abundant natural light, as well as offering an unmatched sense of privacy.****As you enter the main house, you’ll discover four bedrooms and three-and-one-half baths unfold in a graceful blend of history and refinement. Every inch of this home has been curated with care and meticulous attention to detail, from the lathe and plaster walls to the handpicked finishes, custom-made wainscoting, and exquisite molding. The chef’s kitchen, a true culinary sanctuary, features Wolf appliances, custom cabinetry, and stunning statuary marble countertops, all accented by gorgeous Concept Studio ceramics.**** Designed for effortless gatherings, the spacious dining room flows seamlessly into sunlit living spaces. French doors open to enchanting front and rear private patios perfect for quiet mornings, lively dinner parties, or simply soaking in the sun. For the discerning collector, a temperature-controlled, 600+ bottle wine cellar is discreetly tucked away, providing a secluded retreat for treasured vintages.****Above the garage, the guest house is a private sanctuary with its own separate entrance, offering a gourmet kitchen with Viking appliances and marble countertops, an inviting living and dining space, one bedroom and one bath, and a peek-a-boo harbor view. Whether used for guests or as a highly desirable rental income opportunity, this retreat mirrors the same thoughtful craftsmanship as the main home.****This is more than a residence—it is a rare and treasured piece of Little Balboa Island’s history. With beautiful architectural details throughout, this home is a perfect fusion of timeless craftsmanship and modern sophistication. A true island masterpiece, this residence embodies the elegance, heritage, and timeless beauty of seaside living—a place where the past and present exist in perfect harmony. Subject to cancellation of existing escrow which should be finalized shortly.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

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“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

$81,270

TurboHome Estimated Value

$5,659,000

$2,550 sqft

High Valuation
$5,941,950
$2678/sqft
Normal Valuation
$5,659,000
$2550/sqft
Low Valuation
$5,376,050
$2423/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$2550/sqft$5,659,000

Neighborhood: Balboa Island - Little Island (BALL)

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Comparative Value

$3.45M

$3.80M

$5.50M

$5.90M

$7.35M

$7.50M

110 Coral Ave, Newport Beach, CA 92662

Sale Price: $3,447,500

Selected Comparable

307 Sapphire Ave, Newport Beach, CA 92662

Sale Price: $3,800,000

Selected Comparable

126 Abalone Ave, Newport Beach, CA 92662

Sale Price: $5,500,000

Selected Comparable

126 Abalone Ave, Newport Beach, CA 92662

List Price: $5,900,000

Subject Property

911 N Bay Front, Newport Beach, CA 92662

Sale Price: $7,350,000

Selected Comparable

117 G St, Newport Beach, CA 92661

Sale Price: $7,495,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
126 Abalone Ave, Newport Beach, CA 92662

126 Abalone Ave, Newport Beach, CA 92662

List: $5,900,000

Listed: 2/26/2025

Area:2,219 sqft
Price/sqft:$2,659
Beds:5
Baths:5
Year Built:
Lot Size:2,614

Comparable Properties

COMPARABLE
Choose comps
126 Abalone Ave, Newport Beach, CA 92662

126 Abalone Ave, Newport Beach, CA 92662

Sale: $5,500,000

6/5/20250.00 mi

Area:2,219 sqft
Price/sqft:$2,479
Beds:5
Baths:5
Year Built:
Weight:27.6%
117 G St, Newport Beach, CA 92661

117 G St, Newport Beach, CA 92661

Sale: $7,495,000

2/18/20250.53 mi

Area:2,488 sqft
Price/sqft:$3,012
Beds:4
Baths:5
Year Built:
Weight:18.6%
110 Coral Ave, Newport Beach, CA 92662

110 Coral Ave, Newport Beach, CA 92662

Sale: $3,447,500

10/21/20240.27 mi

Area:2,509 sqft
Price/sqft:$1,374
Beds:4
Baths:5
Year Built:
Weight:18.1%
307 Sapphire Ave, Newport Beach, CA 92662

307 Sapphire Ave, Newport Beach, CA 92662

Sale: $3,800,000

4/8/20250.35 mi

Area:2,130 sqft
Price/sqft:$1,784
Beds:4
Baths:4
Year Built:
Weight:18.0%
911 N Bay Front, Newport Beach, CA 92662

911 N Bay Front, Newport Beach, CA 92662

Sale: $7,350,000

2/26/20250.35 mi

Area:2,178 sqft
Price/sqft:$3,375
Beds:4
Baths:4
Year Built:
Weight:17.8%

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