Finding foreclosures in today's Newport Beach Real Estate market is harder than you think. With the latest trend of home owners selling their homes as short sales instead of letting their home going into foreclosure has significantly dried up the foreclosure market. That doesn't mean that you will no longer see foreclosure and bank owned properties on the market anymore. What it does mean is that these foreclosed listings will come on the market at a slower pace and typically sell in rather quick amount of time due to it's scarcity if priced correctly. If you are looking to invest in a Newport Beach condo under $350,000 then you should consider this new foreclosure listing that just came on the market for $314,000. The condo is located in the Versailles Newport Beach community that features a u shape building that is home to many beach and bay close condos. Select Versailles condos will have ocean & bay views and are located across the street from Hoag Hospital and just blocks to the beach. The Versailles complex is located next to the Villa Balboa condo complex and across the street from Newport Crest, all desirable Newport Beach condos. You will find a wide variety of condos to choose from in Newport Beach so we always recommend you consult with any of our knowledgeable Newport Beach Realtors to help you find the correct Newport Beach property for you.