Breakers Drive is a very unique gated community located directly above Big Corona Beach and steps to the sandy beach. Situated in the upscale Corona Del South area of Newport Beach is a collection of 13 luxury properties that offer a true walk to the beach location with stunning ocean views. The community has recently gained a lot of nationwide exposure due to the Bravo TV show "Orange County Housewives" where a Breakers Drive home was owned by one of the housewives, Kelly Dodd. The home was often featured on several episodes and recently sold last month on 10/18/2017 for $5,000,000. The home featured a total of five bedrooms, five baths with 4,370 square feet and located in a three story home that truly captured the stunning views froths elevated location. Some of the views included Catalina Island, Newport Harbor and the famous Wedge surf break in Newport Beach.
Real Estate prices on Breakers Drive can normally be found in the $3,000,000 to $5,000,000 range with just a handful of properties coming on the market. The last home to sell before this property was back in May of 2015 when a 4,200 square foot ocean front home sold for $4,575,000. Previous sales before that were for $3,750,000 and $3,575,000. Residents who live here are required to pay a monthly homeowners association dues which currently runs $300 a year. The dues include maintenance of the gated entrance. The real estate market from October through the end of December is always typically quieter than the rest of the year. Sellers who are on the market typically really do need to sell while most owners take their homes off the market for the holidays. This presents an opportunity for bargain hunters who are willing to negotiate as this is the very best time of year to purchase a home due to the slower conditions. For more information on buying a home in the Corona Del Mar area please contact our Newport Beach Real Estate agents at 949-444-1901 today.