Balboa Peninsula Point Newport Beach

One of the best places to find historic home in the city of Newport Beach, California is the Balboa Peninsula Point area.  This is the area that is home to the famous "Wedge" surf break, a popular places for surfers during high surf.  Homes in this area can front the large beach frontage with panoramic views of the sandy beach and Pacific Ocean.  The Point is essentially the very tip of the peninsula that features the Pacific Ocean on one side and the Newport Bay on the other side of this small strip of land.  The area saw a massive growth during the 1920's and 1930's as many homes were built in this area during that time frame.  These properties were often used a luxury vacation properties for the well to do residents of the city of Los Angeles and

The beach town of Newport Beach in Orange County, California offers a multiple number of tiny houses for sale.  Dating back 100 years ago, Newport Beach was the perfect place to own a small vacation home for those who lived in the bigger cities like Los Angeles, Phoenix and San Francisco.  These vacation homes were simply built an often offer one to two bedrooms and less than one thousand square feet.  The highest concentration of these homes can be found in the Balboa Peninsula neighborhood where many of these historic homes still exist.  However, the trend is to buy these older homes, tear them down and then build a larger brand new construction home.  Real Estate prices in this area for a tiny house currently starts at just under $1 Million dollars.

The Wedge is one of the most famous surf breaks in Southern California and is located at the very tip of the Balboa Peninsula.  On a calm day it's hard to imagine where this surf break is located as it's located right next to the channel where boats leave the Newport Bay and head out to the Pacific Ocean.  When the surf gets big the waves crash right on the beach which gives this a unique feature.  Most surf breaks are located further out and crash over reefs located under the sea level.  The homes surrounding this area are commonly referred to as the Balboa Peninsula Point area and tend to be some of the most expensive homes on the Peninsula.  This is one of the first built neighborhoods in Newport Beach with homes dating back to the early 1900's.  Many

Beyond the traditional ways of buying a home where you make an offer, get it accepted, close escrow and then move into a home is the Life Estate.  A Life Estate is a legally binding contract that allows the current owner to live in the house even after the property is sold.  This turns to be a good deal for the owner but not such a good deal for the one who is buying the property.  This has recently been made news headlines with the sale of the Playboy Mansion in Los Angeles where the current owner, Hugh Heffner, wishes to stay in the house until he dies.

When marking a home for sale with a life estate, one of the negative side effects this may cause is a very limited number of buyers that would be willing to purchase a property with a Life Estate

The most expensive homes sold in 2015 in Newport Beach all sold for more than $10 million dollars and were some of the most beautiful water front properties in the city. The homes were located in the Balboa Peninsula Point, Harbor Island and Lido Island communities which are all premier bay front neighborhoods.  Here is the current list of the top three Newport Beach homes sold in 2015.

2210 Channel Road, Newport Beach sold for $12,545,000 on 9/11/2015.  Located on the Baloba Peninsula Point this six bedroom, 6,880 square foot water front home sat on an ideal location in the Newport Bay with wonderful water views.  The home featured 127 feet of water footage which was compared to three buildable lots in Newport Beach.  The estate was newly built in

The city of Newport Beach, California is rich in history and offers homes that date back to the early 1910's.  A large majority of these homes were built on the Balboa Peninsula Point which is a small stretch of land that occupies a three to four block radius between the sandy beach and the waters of the Newport Bay.  This is a high density area of Newport Beach with many smaller historic homes built close to each other. At the time these were built this was the premier neighborhood to live due to the close proximity to the Pacific Ocean.  Over the years many multi-unit condo buildings and larger estate homes were built in this area which makes it a very diverse community.  This is also a high traffic area due to the many vacation renters and beach goers

New Construction homes located by the beach are always high in demand and typically sell relatively quick if priced accordingly.  A lot of the newer construction homes coming on the market tend to be located in the Balboa Peninsula, Lower Newport Bay and the East Bluff Harbor View area of Newport Beach.  Real Estate prices for new construction homes will typically start in the mid $2.4 million dollar range and go as high as $6.5 million dollars.  The large majority of these properties are custom built properties that are not located in a brand new community but rather a well established Newport Beach neighborhood.

The Balboa Peninsula area is a small stretch of land located between the Pacific Ocean and the Newport Bay and offers a mixture of single

Newport Beach is one of the largest beach towns in Orange County, California and there is a wide range of architectural style homes that can be found here.  The Mid-Century architectural style is very popular in various cities in Orange County but can be hard to find in the Newport Beach area.  There are a few select areas where these homes can be found that offer the simplistic design that was very common in the 1950's and 1960's.  The floor plans tend to incorporate the outdoor spaces into actual living quarters as pictured below.  Homes tend to feel larger when this is put into practice and takes advantage of a lot more living square footage.

One of the best places to find these homes is in the Dover Shores Community.  Dover Shores is located just

Newport Beach is a diverse city with large waterfront estate homes to residential homes and condos that sit directly on the golf course.  When it comes to urban lofts the city has a very limited number of these types of properties available for sale.  There is a small area near the Balboa Peninsula where residential lofts can be found.  The area is commonly known as the "Cannery Lofts" due to the Cannery Seafood of the Pacific restaurant that is located on the water near Lido Island.  Some of these lofts will sit directly on the waters edge while others will be located just one block away from the Bay.

A new loft listing just came on the market in this area and it features two bedrooms with 2,450 square feet of living space.  This is a very

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