Newport Beach Real Estate Blog

Sep 22

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One of the most impressive gated communities by the beach in Newport Beach is arguably the Pelican Point community.  If you have never been inside this community you are not alone as it boasts one of the toughest neighborhoods to enter with 24 hour around the clock security gate that secures the small collection of homes that exist here.  Getting to to this entrance of this community is rather easy as it's right on the edge of the Corona Del Mar and Newport Coast border and the only gated community along the beach in this area.  Pelican Point is a sister neighborhood to the upscale tracts like Pelican Hill which is named after the 5 star Pelican Hill hotel that resides in this area.  What you can expect are some of the nicest Spanish & Mediterranean style

Aug 30

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One of my favorite places to look for a rental home is the Baycrest gated community in Newport Beach.  If you have ever visited the Mercedes dealership off Jamboree and the 73 freeway then you have been very close to this community.  Baycrest Is located just a couple blocks off Jamboree and shares a very private location while still being in the middle of everything in Newport Beach.  One thing to keep in mind is that this community is rather small so rental properties rarely come on the market for lease.  I pulled the previous rentals going back approximately eight years back and only 10 rental properties were leased in our multiple listing service.  Prices in the last year have range between $6,500 to $7,500 for three and four bedroom homes that range

Jul 29

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One of the top gated communities in Southern California is arguably the Pelican Hill and Pelican Crest neighborhoods.  Living in either of these communities really makes a statement as they feature so of the most expensive homes found in Orange County, California.  Real Estate prices currently range from $12,500,000 to $45,000,000 with a large number of sales in the last several years and there are several reasons for the popularity of this community.  One of the biggest selling points is it's location that arguably has some of the best ocean views in all of Orange County.  The views can be truly breathtaking with a combination of both ocean and golf course views.  Some of my favorite views from this location is actually the view of the Newport Bay

Jun 22

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Newport Beach is one of the most expensive places to live in Southern California and we always have clients looking for distressed properties as a way to get into the real estate market.  Bankruptcy sales are different than bank owned or short sales as the latter has occurred after the bank has foreclosed on the home and the owner is no longer living in the home.  Short Sales differ as the owners are typically still living in the home and are selling the property and asking the bank to forgive the difference between what they owe to the bank and the offering price of the home.  A Bankruptcy sale occurs when the owner is liquidating their assets in order to be in compliance with the bankruptcy rules and regulations.  There is a certain process in order to

May 25

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The Newport Beach market has seen a big increase in activity and real estate prices with homes selling at record speed with many homes selling over asking price.  The reason why we are seeing this activity is a combination of low interest rates combined with low inventory of homes causing many buyers to bid against each other on the same property.  Since the inventory of homes is so low it's the perfect time for home builders who are building homes in order to sell when they are finished.  We have seen a flurry of activity of new homes being built with many brand new listings coming on the market in various areas throughout Newport Beach.  The cost to build a home has also gone up in the last year as lumber prices among other building materials has gone

Apr 22

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One of the recent occurrences that has happened in the last year due to the COVID vaccine in the trend for more homes to have private gyms.  This started soon after the stay at home order that occurred in April 2020 when many were forced to stay inside their homes and not be able to visit their local gym.  This lead to a large number of homeowners buying some kind of gym equipment to help them stay in shape.  The pandemic has resulted in more families having a dedicated space in their home or garage for some kind of gym or fitness area.  Of course, some of the more expensive and large estate homes have always had this feature inside their homes as it's a big selling item when they go to sell.

Many of the lower priced homes featured here having a bonus

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