104 Onyx Avenue

Newport Beach, CA92662

Presenting 104 Onyx, a rare and refined offering on Balboa Island that combines luxury coastal living with impressive investment performance. This elegantly remodeled home holds a coveted short-term rental permit, a highly sought after asset in the City of Newport Beach. Currently operating as a successful, fully turnkey vacation rental, 104 Onyx is generating income that exceeds Newport Beach’s average cap rate, making it a compelling opportunity for investors seeking both lifestyle and long term value. Perfectly positioned as the only rear home on the South Bayfront, this residence offers unobstructed sit-down harbor views from both levels, a rare feature that sets it apart. A private entrance to the upper level provides flexibility for dual living, guest accommodations, or optimized rental income. The home has undergone a comprehensive, high end renovation with no detail overlooked. Upgrades include Wolf appliances, new countertops, wide-plank wood flooring, an upstairs kitchenette, and a striking metal roof. Outdoor living is elevated with thoughtfully designed spaces that maximize the bay views and coastal ambiance. Located just steps from the waterfront and one block from Marine Avenue, 104 Onyx offers immediate access to Balboa Island’s boutiques, dining, and amenities, all while maintaining a sense of privacy and exclusivity. This is a rare opportunity to a special getaway and an income producing asset with proven rental performance, premium views, and a timeless design.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.