Newport Beach Real Estate Blog

Dec 23

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The Newport Terrace community is an excellent place to find affordable rentals in the often expensive beach town of Newport Beach.  The location is just down the road from Hoag hospital on the nothern section of Newport Beach which is a short driving distance to the beach.  Many of the rentals have been leased in the mid $3,500 a month range or less which is a great price point for rentals in this area.  The large majority these are 3 bedroom condos that were originally built in 1974 with several of them being updated over time.  There is currently one rental on the market in Newport Terrace that features a total of three bedrooms, two baths with an approximate 1,129 square feet of living space.  It has been nicely updated and comes with vaulted ceilings

Nov 16

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Newport Beach is one of the best places when looking for water front home.  There are a wide range of luxury estate homes and condos that sit directly on the bay front.  For those looking for a townhouse on the water those are harder to come by in Newport Beach.  The main difference between a condo and a townhouse is that a townhome will be typically located on two different levels with a condo typically just on one.  There are a few places to find waterfront townhouses in Newport Beach that include Bayside Cove, Residences at the Vue Newport, Lido Parc and Newport Marina Village.

Probably the best place to look for two story townhouses in Newport Beach on the water is the Bayside Cove community.  This is a premier complex that offers wonderful water

Oct 25

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The Westcliff Capri Condos complex is one of the older condo buildings in the Newport Beach area that was built between 1959 to 1960.  This historically have offered a great value with a location that is right in the heart of the Westcliff area and within walking distance to the Newport Harbor high school and the Dover Shores area.  Condo sales have been very limited in this complex since they rarely come on the market for sale.  On average, we will only see one listing come on the market and sell with some years having no condo sales at all.  What you can find here are really great real estate prices for one and two bedroom condos that are under 1,00 square feet of living space.  The last sale that occurred in Westcliff Captri was a one bedroom condo

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.