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 Bay located on one side and the Pacific Ocean on the other. Popular surf breaks like the Wedge also make this a top tourist destination so there always seems to be a lot of activity in this area. Many of the older duplex properties are often located just a couple blocks to the beach and can be an ideal location for those looking for a vacation beach home while renting out the other unit. Real Estate prices will vary a lot but expect to find these homes starting in the mid $1 million dollar range and up. Larger duplex properties will often be priced starting in the $2 to $3 million dollar range. Of course, it's all about location and it's really hard to beat the location near the water. For information on these types of homes please contact our local Newport Beach Real Estate agents at 949-444-1901 today.