As we enter into the first day of 2015 it's important to look at the previous year sales. In 2014, Newport Beach was home to some iconic home sales with 5 homes selling over the $10 million dollar price point and a total of 857 sales for the entire year. One of the biggest sales was the legendary 12 Bay Island home located at the tip of Bay Island which sold for a record $17,225,000 on 11/26/2014. The home had been on the market for over a year and was originally priced at $21,900,000. For those who have been in the Newport Harbor this is the single most impressive property that occupies the entire tip of the island which is home to only 12 homes. The estate featured five bedrooms, five baths with 5,415 square feet of living space according to the owner of the home.
The second highest sale was equally as iconic and sits in the Linda Isle bay front community. The home was by far the most recognizable home in the communities and occupied 133 feet of bay frontage. 43 Linda Isle was originally listed at $24,500,000 and sold for $16,000,000 on 09/29/2014. Consisting of five bedrooms and over 8,000 square feet of living space, the Newport Beach landmark offered a boat dock to accommodate a 130 foot yacht as well as a smaller boat. This was a huge sale considering the estate was on the market for over two years.
The third highest sale was located on the Balboa Peninsula Point and was a water front home located at 1813 E Bay Ave which sold for $11,500,000 on 5/13/2014. The extraordinary bay front lot covered 90 feet of water frontage and offered 9,488 square feet of living space. The home offered a private pool and spa at the waters edge with multiple boat docks for various size boats and yachts. Originally listed at $16,500,000 the estate sold for being on the market for a total of 274 days.
Currently, there are five homes listed for sale about the $10 million dollar price point in Newport Beach, California. These are located in the Harbor Island, Balboa Peninsula Point, Bayshores and Lido Island and are featured below. For those considering buying a luxury water front home in the Newport Beach area should consider the various options and amenities when choosing the right neighborhood. Many of these homes offer a variety of boat dock and community advantages and is best to consult with a local luxury Newport Beach Realtor. Please contact us direct at 949-444-1901 today to discuss buying a home in the Newport Beach area.