Balboa Peninsula Newport Beach

The Newport Beach real estate market saw several properties sell for over the $15 million dollar price point with the top three highest sales consisting of properties located right next to the water in the Linda Isle and Balboa Peninsula neighborhoods.  These included luxury bay front homes as well and beach front properties located next to the sandy beach.  It's been a crazy year in real estate that was a total switch as what we experienced in 2021.  We no longer see multiple offers on a lot of properties and homes are typically staying on the market longer than we have seen in several years.  The higher end market for prime properties is still seeing home sell within one to two months if priced correctly.  The top 3 highest sales this year in Newport

One of my favorite things to do is look at new construction homes that come on the market for sale.  I know others enjoy this same energy no matter if you are looking to buy a home or just looking for design ideas for your own home.  Newport Beach has a wide selection of new construction properties that are available for sale at any given time.  Unlike other cities like the neighboring city of Irvine, most of the new construction homes are not located in a planned community, rather they are individual properties that are typically built by a spec builder or real estate developer who is building a single home in any given community in Newport Beach.  One exception to this would be the Crystal Cove community in Newport Coast which is currently offering

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

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

If you are in the market for a very affordable rental property in Newport Beach that has been newly renovated then make sure to check out the units available at 305 1/2 Main Street in Newport Beach.  Currently there are 7 rental properties on the market that start from $1,700 for a studio rental with 218 square feet, $1,700 for a one bedroom with 196 square feet, $1,750 for a one bedroom with 259 square feet, $1,850 for a one bedroom with 260 square feet, $2,100 for a one bedroom with 327 square feet, $2,800 for a one bedroom with 402 square feet and $2,900 for a one bedroom unit with 508 square feet.  The location couldn't be more perfect and located in the very popular Balboa Peninsula area of Newport Beach that has a very short walking distance to both

One of the more popular places in Newport Beach to find rental properties is on Balboa Island.  If you have ever visited Newport Beach then you know Balboa Island is one of the top tourist destinations filled with charming houses and quaint retail stores.  If you have every wanted to live here and thinking about renting a home here then there are some key things to understand before you start your search.  First, there is a mixture of rentals located here from weekly rentals to long term rentals of 12 months or more.  For the most part, at any given time I would estimate about half of these rental listings will be for a long term lease.  The other half would be for those weekly rentals, monthly rentals and those with negotiable lease terms.  Second, real

It's that time of the year again when everyone seems to be looking for a furnished vacation rental property.  Most people that call into the office are looking for the months of June & July as these tend to be the most requested and popular months.  August and September tend to be little more affordable than June & July if you are flexible on your dates and don't need to come on any specific date.  One thing to keep in mind is a thing called June Gloom that we have every year in Southern California where there is pretty much a solid month of overcast skies.  The last several years this has occurred in the month of May but this year we have had pretty sunny weather so far so it may hit in the month of June or a little bit later.  Many tourists that come to

Newport Beach has a wide variety of homes to choose from luxury bay front properties to those located in the many gated communities that exist within the city.  Many like looking for homes that have extra space and that allow room for extended guests or for additional revenue streams.  No matter what the reason, duplex properties are very much south after in Newport Beach and often command a premium in price depending on it's location, size and condition.  R2 Zoning often refers to homes that are duplex properties and are often advertised in the property description as having this kind of zoning.

One of the best areas to find these homes is located in the Balboa Peninsula area.  This is such a great area that is widely popular due to having the Newport

Newport Beach is a widely diverse town with older historic homes mixed in with brand new construction properties.  With the price of real estate it makes sense for those new to the area to elect to rent a home before they decide to buy.  There is a wide variety of historic homes on the market for rent depending on the kind of home you want to find.  The large majority of these homes will be found in the Balboa Peninsula Balboa Island and Newport Island neighborhoods.  All of these communities are within close proximity to the Newport Bay and minutes to the beach.  One the most affordable end its possible to rent a one bedroom home on the popular Balboa Peninsula area that is currently on the market for $2,400 a month for a 6 month lease.  This is a very

Many home buyers go through the trouble of having to buy furniture for a home after the successfully purchase a home.  If you have ever gone through this process it can be very time consuming and very expensive.  This is especially true for large square footage homes or modern homes that require a certain type of furniture.  There are several Newport Beach owners who are now offering their homes furnished with the sale of their home.  This comes in a wide range of properties that start with a two bedroom condo in the Big Canyon Mclain community and is listed for $679,000 and comes fully furnished per inventory.  There are actually 10 properties currently on the market sale right now in Newport Beach that are being offered with furnishings.

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