Newport Beach Gated Community Homes Under $1 Million are best found in the Bayview Terrace Newport Beach community. The Bayview Terrace neighborhood is an exclusive gated community that offers detached single family homes well under the $1 million dollar price point. In Newport Beach, most gated community homes are well over the one million dollar price point so locating properties under this range can be difficult. We personally believe the Bayview Terraces homes offer the best value in today's market. Currently, there are two homes on the market for $725,000 and $750,000 which 3 bedrooms, 2 baths with a 2 car garage. The community is located in the far east boarder of the East Bluff community with easy access to the 73 freeway. The community features a resort style pool, spa and basketball court and well known as being a family oriented neighborhood. Since last summer we have seen homes sales in the Bayview Terrace community in the low $600,000 range which is a great bargain to live in the Newport Beach area!