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A truly unique opportunity to become part of the lifestyle and incomparable charm of Balboa Island. Once featured on the Balboa Island Cottage Home Tour, this cozy home is light and bright with 3 Bedrooms, 3 baths and many architectural details; Dutch door, wood burning fireplace, loft, artisan tile work and wood beamed vaulted ceilings. Located on the sunny side of the street at the quiet West end of Island, 205 Topaz is one block to the sand at South Bayfront; a short distance to a public guest dock on North Bayfront; and graces visitors with sparkling street-side views of the iconic Balboa Pavilion day and night. This highly coveted location is near award-winning schools, Balboa Island Park, shopping, dining and the legendary Island Ferry which shuttles cars, residents and visitors across the bay to beautiful Newport Beaches. Personalize the existing home and guest suite as an island-casual vacation hideaway, or build a dream home – the possibilities are endless. Attractively priced as one of the island’s most affordable full-size parcels. Changes in CA housing laws now restrict the reuse/repurposing of existing homes. Please check with the City of NB. If you are searching for a site to build your dream home this is the most attractive property for a new single family home. PLEASE REVIEW THE SUPPLEMENTS FOR COVID 19 PREVENTION PLAN AND REVIEW THE FOLLOWING LINK FOR MORE COMPLETE GUIDANCE: https://covid19.ca.gov/pdf/guidance-real-estate.pdf
Listing agent: Alvin Gels DRE #01436554 al@algels.com, Listing office: Coldwell Banker Realty
MLS data updated 11/3/2026, 5:02:08 PM PT
Source: CRMLS, MLS #: OC19260182
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jul 9, 2020
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92662 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.