One of the unique things seller's are doing in today's Newport Beach Real Estate market is condo conversions. The process entails taking a multi-family duplex style property and converting them into individual condos. By doing this the total property value of the property typically increases as two stand alone condos are normally worth more than one duplex building. This is not an easy task by any stretch of the imagination but the benefits often make the process very worthwhile and profitable. The entire Newport Towers building located on the Newport Bay recently went through the condo conversion process as well and turned all of the units into individual condos.
A condo conversion has just been completed at 5306 Seashore Drive in Newport Beach.
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