Tagged : newport beach real estate

The beach town of Newport Beach in Orange County, California offers a multiple number of tiny houses for sale.  Dating back 100 years ago, Newport Beach was the perfect place to own a small vacation home for those who lived in the bigger cities like Los Angeles, Phoenix and San Francisco.  These vacation homes were simply built an often offer one to two bedrooms and less than one thousand square feet.  The highest concentration of these homes can be found in the Balboa Peninsula neighborhood where many of these historic homes still exist.  However, the trend is to buy these older homes, tear them down and then build a larger brand new construction home.  Real Estate prices in this area for a tiny house currently starts at just under $1 Million dollars.

2016 has been a record year with over 862 homes sold to date with still another 21 days until the end of the year.  Every year we make the tradition of looking at the top 3 Sales that occurred in Newport Beach for 2016.  Every year the properties and neighborhoods change but always consistently see sales up to the $20 million dollar price point.  This year the top three sales occurred in the Linda Isle gated community, Harbor Island gated community and Lido Isle.  Here is quick run down of these top real estate sales.  The first sale occurred at 86 Linda Isle, Newport Beach.  The property sold for $20,000,000 and closed escrow on 10/19/2016.  It was originally marketed at $24,995,000 and was on the market for a short 140 days.  Located in the Linda Isle

There are several condo communities that are located within walking distance to Hoag Hospital in Newport Beach that consist of Newport Crest, Villa Balboa and Seawind condos.  In addition to these neighborhoods is the only gated condo community that is located adjacent to Hoag Hospital is the gated community of Versailles.  The Versailles is an iconic complex in Newport Heights that dates back to 1971 when the home builder developed this condo community.

 The architecture is very distinctive in the Neo-classical style with three smaller three story building and the main building that is built in a "u" shape with a large central water fountain in the middle.  Versailles is very popular to many condo buyers since real estate prices are very competitive

The Echo 56 tract is one of the newest neighborhoods in the city of Newport Beach which offers luxury attached homes with three floor plans to choose from.  The biggest selling point for this community is the prime location that's just steps to the sandy beach.  Seashore Drive is a prominent street on the north side of Newport Beach that has it's own unique style and personality.  It's much different than other parts of Newport Beach and has a true east coast beach feel to it.  Many of the homes are located close together but celebrate the very close proximity to living by the beach.  Homes in Echo 56 were first available last year and currently offer a few select properties for sale.  

These attached homes can offer 9 foot ceilings, granite counters,

Beyond the traditional ways of buying a home where you make an offer, get it accepted, close escrow and then move into a home is the Life Estate.  A Life Estate is a legally binding contract that allows the current owner to live in the house even after the property is sold.  This turns to be a good deal for the owner but not such a good deal for the one who is buying the property.  This has recently been made news headlines with the sale of the Playboy Mansion in Los Angeles where the current owner, Hugh Heffner, wishes to stay in the house until he dies.

When marking a home for sale with a life estate, one of the negative side effects this may cause is a very limited number of buyers that would be willing to purchase a property with a Life Estate

The most expensive homes sold in 2015 in Newport Beach all sold for more than $10 million dollars and were some of the most beautiful water front properties in the city. The homes were located in the Balboa Peninsula Point, Harbor Island and Lido Island communities which are all premier bay front neighborhoods.  Here is the current list of the top three Newport Beach homes sold in 2015.

2210 Channel Road, Newport Beach sold for $12,545,000 on 9/11/2015.  Located on the Baloba Peninsula Point this six bedroom, 6,880 square foot water front home sat on an ideal location in the Newport Bay with wonderful water views.  The home featured 127 feet of water footage which was compared to three buildable lots in Newport Beach.  The estate was newly built in

The Meridian is a brand new community in the heart of the city of Newport Beach, California with 79 luxury townhouses next to the Marriott Hotel & Spa.  The complex has a lot to offer including the prime location situated right next to the Fashion Island shopping center off Santa Barbara Drive and overlooks the Newport Beach country club golf course.  Properties in this area typically sell for top dollar due to being close to many top restaurants and high end shopping as well as being located just minutes to the beach.  The complex features luxury townhouses with a total of 18 different floor plans to choose from that go as high as 3,822 square feet with three large bedrooms and three and a half baths.

The Newport Beach country club golf course that

The Harbor View Hills South community is ideally located at one of the highest points in the upscale Corona Del Mar area of Newport Beach.  This is a non-gated neighborhood located Marguerite Avenue with large one and two story homes that often overlook the Pacific Ocean with wonderful ocean and sunset views.  The neighborhood itself has a lot of history and dates back to the late 1960's when the homes were first built.  At the time these homes were very much in high demand as the home builder hand picked the perfect location that would have the best views of the Pacific Ocean.  The streets are gradually elevated so to maximize the views from a large majority of the properties that are located here.  Over the years many homeowners have renovated these

New Construction homes located by the beach are always high in demand and typically sell relatively quick if priced accordingly.  A lot of the newer construction homes coming on the market tend to be located in the Balboa Peninsula, Lower Newport Bay and the East Bluff Harbor View area of Newport Beach.  Real Estate prices for new construction homes will typically start in the mid $2.4 million dollar range and go as high as $6.5 million dollars.  The large majority of these properties are custom built properties that are not located in a brand new community but rather a well established Newport Beach neighborhood.

The Balboa Peninsula area is a small stretch of land located between the Pacific Ocean and the Newport Bay and offers a mixture of single

Living in the Big Canyon McLain condo community has a lot to offer and is one of the best kept secrets in Newport Beach.  Located on the perimeter of the Big Canyon golf course near the 6th fairway is a community of 61 luxury townhouses that can offer wonderful golf course views.  The location is almost to good to be true considering prices are often found well below the one million dollar price point for a community situated in the heart of the city of Newport Beach near Fashion Island shopping center and the beach.

Big Canyon McClain features two to three bedroom floor plans that offer a combination of golf course and city light views.  The community itself has two separate sections located on the north and south south of Ford Road.  The southern