Real Estate in the Balboa Peninsula area tends to be expensive due to it's location to the Pacific Ocean and the Newport Bay. If you are looking in this area you may want to consider the many condos that are for sale here. Condos will typically start around $500,000 for a small 2 bedroom condo and go as high as over $2 million for a luxury water view condo. One of the main draws to this area in the close proximity to the beach. No matter where you live on the Balboa Peninsula strip you are always just a couple blocks to the beach. Tourists love this area as well for it's high density of rental homes as it makes the perfect beach vacation. The Balboa Fun Zone and boat cruises are also located here on the Balboa Peninsula. The Peninsula is not for everyone, especially for those who demand and like privacy. This is a fun and lively area that makes you feel like you are on vacation all year long. We encourage you to visit this area to see if it's the right fit for you. If not, there are many other areas in Newport Beach to find quality waterfront and ocean view condos.