Newport Beach Real Estate Blog

Mar 30

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We recently had a client call into our office looking for a furnished rental property for under $5,000 a month.  They wanted something short term where they could enjoy living by the beach without all of the hassle of buying furniture and doing a traditional 12 month lease.  We explained that the real estate market right now has very low inventory of homes on the market which is true if you are thinking about buying or renting a home.  There are still some really great options out there right now and the key is to act quickly as new listings come on the market.  

A great example of furnished rentals new to the market are the two rentals located at 112 31st street.  This is part of a duplex property where both units are available for a short term lease.

Feb 28

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One of the more popular places to look for a rental property in the Newport Beach area is small condo complex commonly known as "Newport Crest."  If you are looking for a nice rental property in Newport Beach there is a section of residential condo buildings near Hong Hospital that offers some of the best long term rentals.  In a small radius there are condo buildings like Villa Balboa, Versailles and Newport Crest among others.  Newport Crest is probably the best choice if you are looking for a townhome since it offers some really well thougtout three and four bedroom floor plans.  These are located on multiple levels with the living room, dining and kitchen typically located on the downstairs level with bedrooms located upstairs.  These typically come

Jan 26

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There are several Newport Beach homes that are scheduled to be coming soon on the market for sale.  Home buyers now have real time access to these Newport Beach properties with a new coming soon feature that has been added to our website.  What is exactly is a coming soon listing?  Think about any time you have spoken with a real estate agent and they know of a property that will be coming on the market in the near future.  Many of these kind of properties were sold privately before ever becoming public knowledge so our Realtor member association has come up with a way that these can be shared publicly online so everyone has the same access to these properties.

The Newport Beach Real Estate market has been very strong for the past 9 months due to a

Dec 23

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If you are in the market for a very affordable rental property in Newport Beach that has been newly renovated then make sure to check out the units available at 305 1/2 Main Street in Newport Beach.  Currently there are 7 rental properties on the market that start from $1,700 for a studio rental with 218 square feet, $1,700 for a one bedroom with 196 square feet, $1,750 for a one bedroom with 259 square feet, $1,850 for a one bedroom with 260 square feet, $2,100 for a one bedroom with 327 square feet, $2,800 for a one bedroom with 402 square feet and $2,900 for a one bedroom unit with 508 square feet.  The location couldn't be more perfect and located in the very popular Balboa Peninsula area of Newport Beach that has a very short walking distance to both

Nov 19

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One of the most popular communities in Newport Beach is the Port Streets neighborhood.  This is a very family oriented neighborhood of one and two story homes to choose from.  Many homes in this neighborhood have been remolded extensively and the one of the most popular styles are the Cape Cod architectural properties that can be seen throughout this community.  While buying a home here can be very expensive the more affordable option can be to rent a home here.  If you are watching the current episode of the Real Housewives of Orange County then you know several of the housewives are renting a home in this neighborhood.  

Rental prices have a very wide range but are typically found in the $5,000 to $12,000 a month range depending on the size, location

Oct 28

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Buying a home near the Pelican Hill Resort of Newport Coast is among some of the most expensive homes you will find in coastal Orange County, California.  These are very large scale homes located in 24 hour gated communities with plush Mediterranean style homes that often overlook the sea.  There are many owners that prefer to custom build there own parcel of land which is very common in the neighboring Crystal Cove area of Newport Coast with more vacant lots available there.  However, there are still a few select lots that are still on the market for sale that can be found in neighborhoods like Pelican Crest where homes start at just under $7.5 million dollars for a 5 five bedroom home with over 6,800 square feet of living space.  The average price of

Sep 29

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One of the more popular places in Newport Beach to find rental properties is on Balboa Island.  If you have ever visited Newport Beach then you know Balboa Island is one of the top tourist destinations filled with charming houses and quaint retail stores.  If you have every wanted to live here and thinking about renting a home here then there are some key things to understand before you start your search.  First, there is a mixture of rentals located here from weekly rentals to long term rentals of 12 months or more.  For the most part, at any given time I would estimate about half of these rental listings will be for a long term lease.  The other half would be for those weekly rentals, monthly rentals and those with negotiable lease terms.  Second, real

Aug 28

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Newport Beach is one of the most expensive beach towns in Orange County and finding a new construction home can run several million dollars if you want to live near the beach.  One of the most affordable options for newer construction homes is the Ebb Tide community.  The location is situated on the border of Costa Mesa & Newport Beach which allows for a much lower price point then if you were located near the water.  The homes were built starting in 2017 which feature 3 to 4 bedroom homes with the largest homes over 2,200 sure feet. What I like about these homes is the modern Contemporary design that are located on multi-levels.  The ground level is where you will find the garage, main living spaces on the mid level and bedrooms located on the upper

Aug 12

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Bay Island is one of the premier islands in Newport Beach is the Bay Island community.  Real Estate prices currently start at $5 million and have sold for more than 10 million dollars in recent years.  The island is set up differently that other neighborhoods in Newport Beach which makes it problematic in case you need to get a loan. A real estate agent that has a listing on Bay Island sent me these quotes that help understand the situation here.  It reads "Unlike the financing of the purchase of real property where a lender records a deed of trust against the property as security for the loan, only the stock certificate may be used as collateral.  To protect the Corporation's interests, as well as the lenders, an agreement between the shareholders,

Jul 28

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One of the great things when searching for homes is finding a home that has never been on the market before or for many years.  These are typically very desirable homes that the owners had decided not to sell for a very long time. We see a good mixture of homes that have never been on the market before to homes that haven't come on the market in the last 40 to 50 years.  A perfect example of this is a home located at 1802 W Oceanfront in Newport Beach.  The home had been within the same family for many generations and passed on to each set of family members throughout the years.  The duplex property was built in 1929 so expect smaller sized bedrooms, baths and closets.  The true selling point for this home it's prime location right on the beach with sit