Promontory Bay Newport Beach

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…

If you have been thinking about investing in Newport Beach Real Estate in 2012 you are not alone.  The real estate market has seen a lot of ups and downs in the last 5 years and many wonder if we are at the bottom of the market?  The Newport Beach Real Estate market is unique to it's own as many Newport Beach home owners pay all cash or a large sum down when purchasing a home.  The result of this habit is the lower number of distressed properties on the market.  In fact, in 2008 when the rest of the country started to go down, the Newport Beach Luxury Real Estate market saw some of the highest sales and seemed to be sheltered from the mortgage fall out.  There is no doubt that we have seen a decrease in prices in Newport Beach but we are starting to…

Real Estate in the Balboa Peninsula area tends to be expensive due to it's location to the Pacific Ocean and the Newport Bay.  If you are looking in this area you may want to consider the many condos that are for sale here.  Condos will typically start around $500,000 for a small 2 bedroom condo and go as high as over $2 million for a luxury water view condo.  One of the main draws to this area in the close proximity to the beach.  No matter where you live on the Balboa Peninsula strip you are always just a couple blocks to the beach.  Tourists love this area as well for it's high density of rental homes as it makes the perfect beach vacation.  The Balboa Fun Zone and boat cruises are also located here on the Balboa Peninsula.  The Peninsula is not…

One of the best kept secrets in Newport Beach when looking for bayfront properties are the Promontory Bay Custom homes in Newport Beach, California.  Promontory Bay homes are a small selection of bayfront homes located on the water with various size boat docks.  Located adjacent to Beacon Bay and just around the corner from Balboa Island & Harbor Island are some of the most expensive & custom bayfront homes currently on the market.  Home prices currently range from $2,749,000 to a $7,495,000 custom bayfront home that can accomodate two 75 foot yachts!  In Newport Beach, you have many choices when it comes to finding a bayfront home for sale.  We encourage you to visit this wonderful area known as Promontory Bay.  Our clients are never…