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121 Marine Avenue, Newport Beach, CA 92662

$3.49M3bd · 3ba · 1,633 sqft
Lot 2,614 sqft•Duplex•
Active
•48d on market•MLS# NP-26173625

Property Description

Remodeled Balboa Island Duplex blending modern upgrades with classic coastal charm. The bright single-level main cottage has just been completely renovated and showcases two bedrooms, two baths, beautiful new white oak hardwood floors, central AC, brand new kitchen with quartz counters, and a sunny raised front patio. The upper rear unit is an ideal retreat or rental opportunity. With one bedroom and one bath, it features a generous living space and updated amenities throughout, including new windows, flooring, and lighting. There are 2 single-car garages, each with its own laundry facilities, plus a parking space behind the garage. Steps from both the scenic South Bayfront and the welcoming Island Village, 121 Marine is the perfect place to call home.

Features & Amenities

FeeBuilt 1932

Property Details

Land Type
Fee
Year Built
1932
Property Type
Residential
Property Subtype
Duplex
Parking Spaces
3
Garage Spaces
2
Heating
Wall Furnace, Central, Forced Air
Cooling
Central Air
View
Bay, Peek-A-Boo
Flooring
Laminate, Wood
Roof
Asbestos Shingle
City
Newport Beach
Zip Code
92662
County
Orange
Listed byAbrams Coastal Properties, Donald Abrams

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$17,647.34
Principal & Interest
Loan Amount
$2,792,000
Total Interest
$3,561,042
Total Payment Over 30 Years
$6,353,042
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 3 active · 5 closed

121 Marine Avenue, Newport Beach, CA 92662

Newport Beach · Duplex

$3.49M
Luxury Tier
Beds
3
Baths
3
Sqft
1,633
Lot
2,614 sqft
Year
1932
$/Sqft
$2137
Pool: No✓
Spa: No✓
View: Bay, Peek-A-Boo✓
Garage: 2-car✓

Listed 6.9% below the median closed sale of $3,750,000. Price per sqft ($2,137) is a 27% premium to closed comps ($1,679). Closed comps sold at 101% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $3.49M· $2,137/sqft
Total list price
Closed comps
vs closed median $3.75M
−$260K (−6.9%)
Active comps
vs active median $4.00M
−$505K (−12.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,925
+$212 (+11.0%)

Active Properties (3)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1527 BalboaNewport Beach1946532,0002,561$1,998$4.00M8066
125 41stNewport Beach1958421,6202,526$2,090$3.38M4561
1320 Balboa BoulevardNewport Beach1955752,3713,049$1,687$4.00M16656
Total: 3 · Average5.33.31,9972,712$1,925$3.79M97
Median2,000$4.00M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
315 SapphireNewport Beach192512/17/2025531,7122,614$2.98M$3.10M$1,8111.041583
137 TopazNewport Beach194606/04/2026542,5452,614$3.79M$3.83M$1,5071.013679
210 OpalNewport Beach193510/29/2026532,0242,614$3.75M$3.75M$1,8531.006679
120 Coral AvenueNewport Beach199004/02/2026442,1822,550$3.69M$3.62M$1,6570.983778
211 PearlNewport Beach198111/14/2025442,4222,550$3.79M$3.79M$1,5661.002478
Total: 5 · Average4.63.62,1772,588.4$3.62M$3.62M$1,678.8—35.6
Median2,182$3.75M$3.75M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.