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118 Emerald
For Sale $3,649,000 ($1,927.63 per Sq Ft)
$3,649,000 ($1,927.63 per Sq Ft)
- 5 Bedrooms
- 3 Bathrooms
- 1,893 Sq Ft
- 2,614 Sq Ft
Description
Situated on the highly sought-after “Quiet End” of Balboa Island, 118 Emerald Avenue represents a truly rare opportunity to own in one of the island’s most desirable and tightly held locations—less than one block from the harbor and south bayfront.
This is one the last remaining original beach cottage on the 100 Block of Emerald, offering a unique blend of classic coastal charm, immediate usability, and long-term upside potential. Properties of this caliber and positioning seldom come to market.
Currently configured as a duplex with two active short-term rental permits, the property provides exceptional flexibility for both personal enjoyment and income generation.
The front unit is a charming single-story 2-bedroom, 1-bath coastal cottage, featuring a spacious front patio framed by a white picket fence—ideal for relaxing, entertaining, and enjoying the quintessential Balboa Island lifestyle.
The rear unit offers a 3-bedroom, 2-bath split-level layout, complemented by a private 2-car garage, vaulted spatial flow, and functional separation for guests, tenants, or extended family.
Both units are move-in ready, allowing for immediate occupancy or rental income. Alternatively, this property presents a compelling opportunity to design and build a custom luxury residence in an A+ location with enduring value.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,649,000 |
| Property Type | Duplex (2-units) |
| Usable Sqft | 1,893 |
| Number of Stories | 2 stories |
| Parking Spots | 2 spots |
| Year Built | 1940 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 05004102 |
| MLS # | PW26082073 |
| Property ID | 322785425 |
| Lot Sqft | 2,614 |
| Zoning | Unknown |
| Total Units | 2 |
| Days on Market | 42 |
| Original List Price | $3,799,000 |
| Applicances | Gas Oven,Gas Range% |
| Date Updated | June 01, 2026 |
| Date Created | April 21, 2026 |
Listing Provided By
Lucas Kinney an agent of . Lic #01946207
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of June 01, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT