121 Emerald Ave

New co-ownership opportunity: Own one-eighth of this professionally managed, turnkey Newport Beach home. The best of Newport Beach living is at your doorstep in this 4-bedroom, 5-bathroom home on Balboa Island's quiet west side. Glass walls in this contemporary Cape Cod open up the first-floor great room to the front patio, perfect for watching passersby a favorite pastime on this friendly island. This home is made for entertaining, thanks to an open-plan main floor with a fireplace, dining area and a gourmet kitchen that opens to a spacious patio with a built-in barbecue. But it's the third-floor rooftop that takes entertaining to new heights. It includes a covered outdoor kitchen and dining area, and an open patio that features a jacuzzi, fire pit and panoramic views of the bay, island and sunset. Take the stairs or the custom artisan glass elevator to four bedrooms on the second floor. The spacious master has sliding doors to a private balcony and luxurious en-suite bathroom with soaking tub. The home comes fully furnished and professionally decorated.