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Outstanding Balboa Island Commercial and Residential Mixed-Use building, centrally located near the Ferry, Balboa Pavilion, shopping, and restaurants. At 3,026 square feet, this is one of the largest buildings on the Island on a standard 30 x 85-foot lot. The lower-level commercial space has previously been leased as a dentist's office but would be ideal for a wide variety of retail or professional uses, and may also be leased as two separate commercial spaces. Behind this space are two large office/workshop areas, a half bathroom, and laundry facilities. The upstairs unit is bright and spacious, with three bedrooms, two baths, and an abundance of built-in storage. Completing the upper level is a huge, inviting, partially covered deck, perfect for daily living, dining, and entertaining. This unit is currently leased as a residence with long-term tenants. In the rear of the property is a two-car garage, plus open spaces for one or two additional vehicles. 122 Agate is a rare and exciting offering, perfect for a homeowner, entrepreneur, or investor!

Highlights

  • Residential
  • Mixed Use
  • Built in 1937
  • 0.0585 Acre Lot
  • $0/ HOA
  • 2 Car Garage
  • 111 days on Market

  • Bedrooms
    3
  • Bathrooms
    1 full · 2 half
  • Year Built
    1937
  • Stories
    2.0
  • Architectural Style
    Traditional
  • Garage Spaces
    2.0
  • Living Area
    3026.0
  • Interior Features
    All Bedrooms Up, Balcony
  • Flooring
    Laminate
  • Pool Features
    None
  • Cooling
    Central Air
  • Heating
    Central

  • Acres
    0.0585
  • Lot Features
    Walkstreet
  • View
    Bay
  • Water
    Public

  • Area
    N9 - Lower Newport Bay - Balboa Island
  • County
    Orange
  • City
    Newport Beach
  • Neighborhood
    Balboa Island - Main Island (BALM)
  • Zip Code
    92662

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Frequently Asked Questions

How do I schedule a tour of 122 Agate?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 122 Agate.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 122 Agate?

Click Ask a Question to talk with our team. You already know it is a 3 bed, 1 bath, listed for $3,195,000. We can talk through recent upgrades, potential seller motivation, how this mixed use compares to others in Newport Beach, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 122 Agate?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 122 Agate at around $18,182. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 122 Agate?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Orange County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 122 Agate?

In most cases, yes. Whether 122 Agate is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Newport Beach's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 122 Agate?

We can handle that for you. Our preferred local agent specializes in residentials in Newport Beach and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $3,195,000 with 3,026 sqft of space—that comes out to approximately $1,056 per square foot.

How long has this property been on the market?

122 Agate was listed on July 23, 2026, which means it's been on the market for 111 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1937, making it approximately 89 years old.

What is the lot size of this property?

122 Agate sits on a 0.06-acre lot, which is 2,614 square feet.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $0.

Is 122 Agate still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information from California Regional Multiple Listing Service as of November 11, 2026 at 08:01AM All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This information 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.

Last Updated: November 11, 2026 at 08:01AM | Source: California Regional Multiple Listing Service | MLS#: NP26160842