Tagged : bay island newport beach

Bay Island is one of the premier islands in Newport Beach is the Bay Island community.  Real Estate prices currently start at $5 million and have sold for more than 10 million dollars in recent years.  The island is set up differently that other neighborhoods in Newport Beach which makes it problematic in case you need to get a loan. A real estate agent that has a listing on Bay Island sent me these quotes that help understand the situation here.  It reads "Unlike the financing of the purchase of real property where a lender records a deed of trust against the property as security for the loan, only the stock certificate may be used as collateral.  To protect the Corporation's interests, as well as the lenders, an agreement between the shareholders,

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As we enter into the first day of 2015 it's important to look at the previous year sales.  In 2014, Newport Beach was home to some iconic home sales with 5 homes selling over the $10 million dollar price point and a total of 857 sales for the entire year.  One of the biggest sales was the legendary 12 Bay Island home located at the tip of Bay Island which sold for a record $17,225,000 on 11/26/2014.  The home had been on the market for over a year and was originally priced at $21,900,000.  For those who have been in the Newport Harbor this is the single most impressive property that occupies the entire tip of the island which is home to only 12 homes.  The estate featured five bedrooms, five baths with 5,415 square feet of living space according to the

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Bay Island is one of the smallest islands in the Newport Harbor and home to 23 luxury bay front homes as pictured below.  Homes rarely come on the market in this community due to the low number of homes on the island.   Currently there are four homes up for sale with the highest listing at $21.9 Million dollars.  A new Bay Island home has come on the market this week with a price tag of $6,695,000.  The home was built in 1930 and has recently been restored and modernized in 2004 while still keeping the original charm and character of the home.

The home features beautiful hardwood flooring with white paneled walls with all the modern amenities you would expect for a luxury property in Newport Beach.  The home features four bedrooms, four and a half baths

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Newport Beach Bayfront Homes are considered the most expensive real estate to purchase in the Newport Beach area.  If you are an international buyer looking for a trophy estate in Southern California then you should consider the luxury bayfront real estate market here in Newport Beach, California.  Currently there are three homes for sale over $20 Million in the Bayshores, Bay Island and Linda Isle communities.  One of these luxury bayfront homes for sale just came on the market yesterday in the Lower Newport Bay community of Linda Isle for an asking price of $24,500,000 and is considered on the best and extraordinary bay front residence in all of Newport Beach.  One of the main draws for luxury home buyers is the ability to park a yacht or large boat in…