Tagged : newport beach real estate

Balboa Island is well known for having some of the best curb appeal homes in all of Newport Beach.  The small island is filled with one and two story traditional style homes that can sit on the waters edge with direct bay front views.  For the most part the island is filled with single family homes with no residential condos.  There are however many duplex properties properties located on both the main and little island that offer homeowners and investors alike investment opportunities.  

Balboa Island itself is not a cheap place to live with real estate starting well just under the $2 million dollar price point.  Duplex properties will typically start at just above $2 million and can be found in older homes that were built anywhere from the 1920's to

Beacon Bay is one of the premier bay front communities in Newport Beach with many homes located near a sandy beach that's located in this upscale neighborhood.  One thing that many don't realize is that homes in this community are under lease land.  Beacon Bay is an area that is included in the city of Newport Beach Tidelands which requires the new owner of the property to sign a 50 year lease of the land with the city. The annual lease price is based off the final sales price of the home and calculated at 2.5% of the purchase price.  This is paid on a monthly basis with annual CPI adjustments as well.  One of the stipulations is that you cannot purchase the land under which the property sits on.  We have copies of this lease agreement which is currently

One of the premier locations for buying in a mobile home Park in Newport Beach is the Cannery Village Mobile Home Park.  The guard gated community has a lot to offer with affordable real estate prices for detached homes near the Newport Bay.  One thing to consider when buying in the Cannery Village is that many of the land lease are set to expire in the year 2032.  Each property tends to have a different land lease expiration dates and amounts so it's important to check with your local real estate agent on the exact price and terms on any given property.  Upon looking at the listings here, one available home for sale at 700 Lido Park Drive #34 has a monthly fee of $2,428.00 per month.  Other homes that have been on the market have had fee's of 2026.20,

One of the smaller neighborhoods located near the border of Costa Mesa and Newport Beach is the Vista Bahia community.  The location is near the 73 freeway and Irvine Avenue with very affordable residential condos for sale.  This is very close to being called the East Side Costa Mesa area which is also a very nice area.  Having a Newport Beach address tends to make the home a little more expensive even though similar homes in Costa Mesa are just a couple blocks away.  On average, homes in this area come on the market once a year and typically priced in the mid $600,000 range for a two or three bedroom condo with approximately 1,500 square feet of living space.  The condos are typically located in the 2500 block of University Drive which is a very short

Newport Shores is a great neighborhood that is located just a few blocks to the beach.  If you love mid-century modern style homes you will love this community that predcimantley features properties built in the mid 1960's.  This is also a great place to find long term rentals as many owners in this community offer their homes up for annual leases of a 12 month term.  This is a very popular rental area due to the close proximity to the beach and typically large inventory of available homes for lease.  There are many great restaurants located within a short distance from this location and many residents enjoy riding their beach cruise down to the Newport Pier along the boardwalk.

Newport Shores amenities include a very nice community pool, tennis court,

We get a lot of rental calls for the Versailles complex in Newport Beach due to it's prime location and low rental rates.  The Versailles complex is approximately 47 years old and built in the early 1970's.  The units are pretty good size considering their age with one bedrooms around the high 400 to mid 700 square feet and two bedrooms in the 1,100 to 1,300 square foot rage.  The complex offers a wide range of amenities with a pool, spa, sauna and fitness center.  There is even a full kitchen available for bigger events.  People love living here due to the short distance to the beach which is within walking distance.

Rental rates as of May 2018 currently start at $1,900 a month for a one bedroom, one bath condo with 721 square feet.  Two bedroom

One of the smaller neighborhoods located near the Back Bay Area of Newport Beach is the Westcliff Grove neighborhood.  The community features an approximate 29 homes located off Westcliff Drive on the cul-de-sac streets of Blue Gum Lane and Grove Lane.  It was first developed in 1979 when the builder built homes that offer three and four bedroom floor plans.  Over the years only a couple of these will typically come on the market for sale often priced in the high $1 million to low $2 million dollar range.  

The architectural style of Westcliff Grove homes would be a more traditional style with attached two car garages and large entertaining backyards.  Many of the interiors have been upgraded with vaulted ceilings, large gourmet kitchens with center

One the best places to find water front condos in Newport Beach is in the Lido Peninsula area,  Located at the very beginning of the Peninsula on the West Lido Channel is a set of condos known as the Lido Park Place condos.  This Is a very popular neighborhood with popular restaurants like Bluewater Grill, Buddha's Favorite and The Dock as well as small boutique shopping in the Lido Marina Village area.  In Newport Beach there are three large islands that city in the middle of the Newport Bay which consist of Balboa Island, Lido Island and the Lido Peninsula.  The Lido Peninsula is the smallest of these three islands and mainly consist of residential condos, manufactured homes and combined commercial and residential spaces at the Cannery Village condo

We currently are working with a client that is looking for a beach close property that is just steps to the beach, located in safe neighborhood, no homeowners association dues, near a Pier and within close proximity to great restaurants and shopping.  The budget is ideally around $1 million but willing to go up a little higher based on the perfect property.  While this sounds like a tall order we were able to find some properties that fit this criteria.  One of the currently listed properties that just came on the market is located in the popular Balboa Peninsula area of Newport Beach.  It's being advertised that the "property is also zoned for vacation rentals, Air B&B and VRBO" which is a big selling feature for those looking to buy a vacation home.

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.