One of the best kept secrets in Newport Beach is the bay front and ocean view community of Newport Shores. The neighborhood is located at the base of the Santa Ana River that forms a small bay front area that is located adjacent to the Newport Shores community. Located between the bay and the Pacific Ocean is a natural preserve wetlands area that allows for unobstructed views from select homes in this tract. Homes that are located facing the canal rarely come on the market for sale and are typically priced close to the $2 million dollar range.
Real Estate prices currently start at $1,499,998 for a four bedroom, three bath home with 1,951 square feet of living space. There is one lower price home that is on "hold' status and priced at $1,100,000. This a notice of default short sale property that just went under "hold" status right after Christmas of last year. Typically agents will put a short sale property on hold status when they are submitting an offer to the bank for acceptance. Anything can happen with a short sale offer that include the buyer finding another property or the bank rejecting the offering price of the buyer's offer.
The Newport Shores community has a lot to offer with a community Olympic size pool, clubhouse, tennis courts and sand volleyball. Since the bay front is located next to the community many residents enjoy water sports that include paddle boarding. The fee for the homeowners association is $57.00 a month which gains you access to the amenities listed above. To learn more about homes located in this neighborhood please contact us at 949-444-1901 to speak with any of our Newport Beach real estate agents.