$21,900,000 - 12 Bay Island N, Newport Beach

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…

January has come to an end and the market has been very active in Newport Beach, California.  The majority of homes sales in Jan 2013 were between the $1,000,000 to $2,500,000 price point in Newport Beach.  The highest grossing sale was a four bedroom, 2,345 square foot ocean front home that sold for $3,350,000.  We have been reporting for some time now that some of the best oceanfront deals are to be found in Newport Beach as similar homes in neighboring towns like Laguna Beach and Dana Point have beachfront homes at much higher price points.  The lowest sale in Jan 2013 in Newport Beach was a probate sale in the Versailles condo building where a 2 bedroom, 2 bath condo sold for $275,000.  Versailles is a small complex where you can find condos…

The Newport Beach Real Estate market saw a number of record sales in 2012 with 10 banner sales over the $10 million dollar price point.  Newport Beach is widely known as the most expensive real estate market in the country and the luxury real estate market is very much alive and increasing.  The most expensive home sold was the luxury estate called "One Pelican Hill Road."  The home is located in the Pelican Hill area of Newport Beach and situated on one of the largest lots in the area.  The property was sold in it's current state where construction was in the final stages.  Upon completion of the home, the property would featured a 17 car garage, lush landscaping, multiple terraces, a private lake, tennis court, vineyards, wine cave, horse stable…

The Newport Beach Boat Parade started last night and was a big success.  There were hundreds of boats in the Newport Harbor as the annual event started with colorful boats and fireworks.  Newport Beach is truly a nautical town with hundreds of waterfront homes with many small islands that have incredible water views. Here is a sample of some of the boats that were on tour last night. The videos were taken at the corner of Harbor Island and Beacon Bay which allowed views of boats going in both directions passing Collins Island and wrapping around the bay.

The first video was a colorful boat that featured dancing palm tree lights, surfboards and a Woody car to complete the ultimate beach theme. This was definitely one of the most colorful boats in the…

Newport Beach is home to many smaller islands where you will find a small number of ultra luxury homes located directly on the water front. These bay front properties are the most covenant homes to be found in Newport Beach. We are often asked which is more expensive, Harbor Island or Bay Island?  Over the years, Harbor Island has had record sales, with the top sale at $26 million dollars for a l andmark Georgian Colonial Harbor Island trophy estate, situated on a double lot .

Currently, Bay island sports one of the most expensive bay front homes on the market, currently priced at $21,900,000 with the highest report sale in our multiple listing service at $6,982,500.  Keep in mind that even those these island are located fairly close to each…

For those who love the outdoors and sailing their is no better place to live in Orange County than Newport Beach!  As one of the top sailing hot spots, Newport Beach has no shortage of water front properties.  In fact, you will find more water front communities in Newport Beach than any other beach town in Southern California.  Due to the high concentration of these bay front homes, home buyers are often seeking properties that have boat slips included with the sale.  Boat slips can vary in size depending on the size of the property and it's location. 

The very upper end of the marketplace will often have multiple boat slips included with the sale of the property.  Communities like Harbor Island, for example will have homes listed well above $10…

Newport Beach Landmark Estate Homes only come on the market from time to time as these prime properties are considered the most sought after homes in their respective communities.  Often times, landmark estate homes will have a rich history of when the home was built and often times are located on corner view lots.  One of the exciting landmark estate homes is offered for sale in the Linda Isle gated community.  The home is a true landmark bay front home with over 133 feet of bay frontage and is well known throughout the Newport Beach community and currently offered for sale for $24,500,000.  Another exciting landmark property has come on the market in the Newport Heights area that covers two contiguous lots and built in 2001 in the classic California…

Bay Front properties are plentiful in Newport Beach especially if you have a budget up to $5 Million dollars.   Locating the right community will be the key with this many choices.  One of the more popular places to buy bay front homes in a gated community is the Linda Isle community.  Linda Isle has a wide range of bay front properties as the main street in the community is in a "u" shape that wraps around the bay.  Half of the homes will be on the interior of this u shape with direct water access out to the Bay and Pacific Ocean.  Linda Isle also has bay front properties on the inside channel that face Pacific Coast Highway and Harbor Island Drive.  Prices in Linda Isle will range from $2.5 to $24 million dollars with all homes having direct bay…

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…

Newport Beach home prices have really come down especially when looking at beachfront homes.  Long gone are the days when beachfront and ocean front homes were selling for well above $5 million dollars.  With today's economy finding an oceanfront home in Newport Beach under $5 million has become a lot easier to find.  Currently, there are 21 beach front homes for sale under this price point with a great selection of architectural gems on the market.  We got inspired when we saw a price reduction on this beachfront home located on the Balboa Peninsula that really captures the lifestyle of living on the beach.  We find that a lot of beach front buyers have a lot of choices now when considering a home.  There are various homes located on the sand up…