January 2013

January has come to an end and the market has been very active in Newport Beach, California.  The majority of homes sales in Jan 2013 were between the $1,000,000 to $2,500,000 price point in Newport Beach.  The highest grossing sale was a four bedroom, 2,345 square foot ocean front home that sold for $3,350,000.  We have been reporting for some time now that some of the best oceanfront deals are to be found in Newport Beach as similar homes in neighboring towns like Laguna Beach and Dana Point have beachfront homes at much higher price points.  The lowest sale in Jan 2013 in Newport Beach was a probate sale in the Versailles condo building where a 2 bedroom, 2 bath condo sold for $275,000.  Versailles is a small complex where you can find condos under the

The Newport Beach Real Estate market saw a number of record sales in 2012 with 10 banner sales over the $10 million dollar price point.  Newport Beach is widely known as the most expensive real estate market in the country and the luxury real estate market is very much alive and increasing.  The most expensive home sold was the luxury estate called "One Pelican Hill Road."  The home is located in the Pelican Hill area of Newport Beach and situated on one of the largest lots in the area.  The property was sold in it's current state where construction was in the final stages.  Upon completion of the home, the property would featured a 17 car garage, lush landscaping, multiple terraces, a private lake, tennis court, vineyards, wine cave, horse stable and

There is no better place to live in Newport Beach than on the water.  The Newport Bay fronts some of the most expensive real estate in Newport Beach and the gated community of Linda Isle is no exception.  Located just west of Coast Hwy lies a quiet and peaceful gated community where every single home has wonderful bay front views.  For those who own a boat this community is ideal with large boat docks that can typically accommodate large boats and yachts.

Currently, home prices start at over $10 million dollars for a 7,200 plus square foot home that is situated on the water with 113 feet of bay frontage.  Many of the homes have been featured in Architectural Digest and other design magazines for their ideal waterfront location.  The community has a