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 family homes and multi-residential properties. This area is well known for it's oceanfront homes and properties that face the interior Newport Bay. Famous surf break like the "Wedge" is located at the very point of this neighborhood. Currently, there is one new construction home available for sale for $6,495,000. This is an ocean front home located next to the sand and built by Gravestone Custom builders. The property features three bedrooms, three baths with 3,027 square feet of living space and has high ceilings, wraparound porch and wonderful ocean and sandy beach views. It came on the market 4 days ago and was built in the year 2015.
The East Bluff Harbor View area is a very family oriented neighborhood with a lot of homes that were built in the last 30 years. There is a trend to buy smaller single family homes in this area and built custom two story homes and then offer them for sale. This is one of the reasons why there are so many large custom homes in this area and it's considered one of the most sought after neighborhoods due to it's prime location and great curb appeal homes. Currently, there is one home offered for sale for $4,495,000 which features five large bedrooms and 4,752 square feet of living space. It incorporates a modern Farmhouse architecture with an elevated location and large square footage lot. The floor plan incorporates a central courtyard with a bonus room that could be used as an attached casita. It also offers smart home technology and just came on the market 15 days ago.
On average there will be 5 to 10 new construction homes on the market at any given time. Since Newport Beach rarely offers brand new community many of these new homes will be custom built in existing neighborhoods. If you are in the market to buy a home in the Newport Beach area please contact any of our local real estate agents at 949-444-1901 today!