August 2020

Found 2 blog entries for August 2020.

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,