206 Agate Ave, Newport Beach, CA, 92662
About This Home
Nestled in the heart of iconic Balboa Island, this charming cottage presents a rare opportunity to create your dream coastal retreat. Full of character and potential, this fixer is ready for its next chapter, offering the perfect canvas for renovation, expansion, or a complete reimagining. Whether you choose to restore its timeless charm or build a custom island home, the possibilities are endless. Life on Balboa Island is unlike anywhere else in Orange County. Stroll to the picturesque waterfront, enjoy morning coffee at neighborhood cafés, dine at renowned local restaurants, or browse the island's unique boutiques. Spend your days paddleboarding, boating, kayaking, or cruising Newport Harbor from your own neighborhood. Walk 2 blocks to the historic Balboa Island Ferry, enjoy sunsets along the beach, or simply embrace the friendly small-town atmosphere that makes the island so special. Whether you're searching for a full-time residence, a vacation getaway, or an investment opportunity, this property offers the chance to become part of one of Southern California's most sought-after waterfront communities and create a home tailored to your vision.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1918
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Laundry features: None
Bedroom
- Features: All Bedrooms Down
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Features
- Unfurnished,All Bedrooms Down
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Central
- Cooling features: None
Interior Area
- Total interior livable area: 888 sqft
Property
Accessibility
- Accessibility features: Safe Emergency Egress from Home
Details
- Parcel number: 05007221
- Special condition: Probate Listing
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Lot size: 2,550 sqft
- Features: 0-1 Unit/Acre
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Earthquake
- Heat Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Orange County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $13,652 | $163,824 |
| Home Insurance * | $175 | $2,100 |
| Property Taxes | $2,927 | $35,124 |
| Electricity | $398 | $4,786 |
| Total | $17,152 | $205,824 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-05 | Contingent | $2,700,000 |
| 2026-07-31 | Listed for sale | $2,700,000 |
View on Zillow