Newport Heights Condos For Sale

The Newport Beach Real Estate market saw a number of record sales in 2012 with 10 banner sales over the $10 million dollar price point.  Newport Beach is widely known as the most expensive real estate market in the country and the luxury real estate market is very much alive and increasing.  The most expensive home sold was the luxury estate called "One Pelican Hill Road."  The home is located in the Pelican Hill area of Newport Beach and situated on one of the largest lots in the area.  The property was sold in it's current state where construction was in the final stages.  Upon completion of the home, the property would featured a 17 car garage, lush landscaping, multiple terraces, a private lake, tennis court, vineyards, wine cave, horse stable and

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2012 has been a busy year for Newport Beach Real Estate as many home and condos buyers are back in the market and prices are starting to inch their way up.  In a typical slow fall and winter season we are seeing a huge activity of buyers actively looking to buy.  One of the main reasons their such a huge demand and a low supply is that many home buyers believe that we have already passed the bottom of the market and they are doing whatever it takes to buy while prices are still low. 

One of the main problems is the lack of inventory.  If you are looking for a condo then you will be surprised to learn that you can still find a quality condo in the Newport Beach area for under $600,000.  One of the communities we like is the Brookview II condos in the

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Newport Beach is a great place to find condos in many different areas.  If you are looking for a newer construction style condo then you may want to consider the Promenade Court condos in the West Bay area of Newport Beach.  The West Bay neighborhood is close to the Santa Ana Country Club near the 73 and 55 freeways.  In 2007, 20 new construction condos were built and sold in the mid $500,000 range.  Fast forward to 2012 and you will find these condos being offered for sale for just under $500,000.  The condos feature two bedrooms, two baths with a bonus loft area.  All the condos also come with a 2 car garage making it ideal for condo buyers.  As you can expect in a newer construction building you will find modern amenities and finishes.  The community…

Newport Beach condos come in all shapes and views depending on what part of Newport Beach you are looking to call home.  Most condo buyers moving in to the Newport Beach area want some kind of a view.  Views can vary from ocean to water views to views of the canyon and hills.  If you are in the market for a water view condo then there are a few key areas you should start your search.  Of course, budget always comes into play as price ranges can vary a lot and currently range from $300,000 to $3 million dollars. 

1) Start your search around the Balboa Peninsula area.  Condos in this area are abundant and if you can find the ideal condo along the Newport Bay then the views will be spectacular.  The Peninsula is a mixture of condos, homes and multi-unit

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Newport Beach is home to many condos in all different price ranges.  If you are looking for a smaller condo for a primary residence or vacation rental then finding a beach close condo under the $400,000 price range can be tough in today's real estate market.  One of the places we love to show condo buyers is the Villa Balboa condo community.  The condos here usually will start just under the $400,000 and expect to find a one to two bedroom condo in this price range.  The Villa Balboa has one of the best locations and is perched at the very top of the hill that overlooks the Newport Bay and the Pacific Ocean.  There is a walking trail that goes around the perimeter of the building that is very popular with outdoor enthusiasts who like to take in the

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If you are in the market to buy a luxury water front condo in Newport Beach you may want to consider the famous Mai Kai condo building in the Corona Del Mar area of Newport Beach.  Mai Kai Condos were originally built in 1960 as the premier bayfront building in Newport Beach.  Back then you didn't have many choices when looking for luxury condos located directly on the water.  The condos features one to three bedroom models with various square footage's.  Expect to get around 1,347 square feet for the one bedroom, 1,651 to 1,857 for the two bedroom with luxury 3 bedrooms in the 3,000 square foot range.  All condos are located on the "Yacht Club Row" in Corona Del Mar and have wonderful views decks of the boats, the Newport Bay and faces Balboa Island. 

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As the market continues to change in Newport Beach one thing is true that the deals are becoming harder to find as the bottom of the real estate market has passed us.  Local media outlets have reported that the Newport Beach Real Estate market is now on an upswing which is causing many home buyers who were on the fence to get out and start looking at properties.  Interest Mortgage rates are still low making this the perfect storm for locating a home.  Currently, the inventory of homes is at a very low point making it even more difficult to find the "good deals."  When looking for well priced homes we always recommend distressed properties.  In the last several years the common thread for most home buyers is finding the nicest home for the lowest price. 

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The Newport Beach Real Estate market is definitely picking up as recent reports in the OC Register indicate a spike in the number of buyers making offers on property.  A perfect example of this is an ocean view condo in the Newport Heights area that I was showing over the weekend.  The condo was located in the Versailles gated community, which is located just a couple blocks to the pacific ocean and the sandy beach.  The condo was located on the penthouse level with two large bedrooms and great ocean views from the living room and master bedroom.  Being bank owned and priced very low at $275,000, the condo accepted an offer with only being on the market for 8 short days.  If you are in the market to buy property in Newport Beach keep in mind other buyers

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West Newport Is one of the best places to find waterfront condos in the Newport Beach area.  Where is West Newport located?  Well, if you look at the photo below you will see that condos located in the West Newport area are located right between the Pacific Ocean and the Newport Bay and situated on the small balboa peninsula strip and near Lido Isle. 

The condos in this area with waterfront and bayfront view will typically start right above the $1 million dollar market and currently go as high as $1.8 range.  These condos are typically two to three bedrooms and have an approximate 1,800 square feet of living space.  This truly is a prime location in Newport Beach and is a great place to watch the boats & yachts go by right in front of your bayfront

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Buying homes under $600,000 in Newport Beach, California can often times be a challenge as Newport Beach is known as the most expensive real estate market in the country.  Luxury condos in the Newport Beach area is typically what you will find under $600,000 and we recommend the following two condo buildings that will have condos for sale in this price range.  Newport Crest is a great development in the Newport Beach area that is located just a couple streets away from the Hoag Hospital.  Newport Crest offers a quiet community living with a community pool and tennis facilities.  The beach is also really close from this location and some condos will offer great views of the Pacific Ocean!  At the height of the market these condos were selling well above

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