Newport Beach Homes & Real Estate
Famous for its beaches, multi-million dollar homes and incredible shopping, Newport Beach has a lot to offer potential residents. The affluent neighborhoods are diverse, with no shortage of wildlife, nightlife and cultural events to divulge in. Founded in 1906, the beach town has since become synonymous with wealth and beauty as it sits atop several national rankings for median income and property values.
The Pacific Ocean is not the only body of water visible in Newport Beach as its harbor, bay and rivers make up 55 percent of the city's 53 square mile plot. The bodies of water and surrounding nature create a perfect balance for residents who crave both the outdoors as well as modern amenities.
Within the city, there are several neighborhoods each with their own distinct feel. Balboa Island, for instance, is a collection of three artificial islands in the Newport Harbor where quaint albeit high valued homes can be found. A quick ferry ride away is Balboa Peninsula, a narrow, quarter mile wide expanse of large beach and bay front homes resting a stone's throw from the historic Balboa Pier.
Further south are neighborhoods like Newport Coast, a master planned community that several celebrities call home. Most of the 7 square mile neighborhood, developed by the Irvine Company, sits above the famous Newport Beaches with unbeatable coastal views.
Nestled in between Balboa and Newport Coast lies the most famous shopping center in fashionable Orange County, aptly named Fashion Island. There you can find all the top designers and hottest eateries in the open air center.
The city is not only home to celebrities and great shopping, but to several annual events that attract visitors from all over the world. From its famous wine and film festivals to the annual Christmas boat parade, there is plenty to see and do throughout the year. Of course, the city offers plenty to do on the sand as well with movies on the dunes in the summer and an annual sandcastle competition that wows spectators every October.
If the climate, scenery and amenities aren't enough to coax potential residents, Newport Mesa Unified School District sweetens the deal with some of the state's top ranked schools. With plenty of activities and weather that permits sports to be played year-round, parents can find the perfect atmosphere for raising kids right in Newport Beach.
This area south of Huntington Beach features many gated communities, a nice selection of bayside homes and the ultra-private option of island living. It can also boast of minimalist Modern masterpieces, while the names of former celebrity owners are very often attached to the pricey listings.
Newport features some of the most expensive homes in southern California, with the city's median home value currently sitting just north of the $1,000,000 mark. Fittingly, the median household income is much higher than its neighboring cities, pushing well into the six figure range in most cases. With a population of over 87,000 taking advantage of the recent real estate market, availability is scarce, but includes magnificent, luxurious homes.
There is a strong demand for homes in this area, so real estate prices have remained high here. Although it is possible to find a small condo in the city listed for less than a half million dollars, much of the real estate in this part of Orange County can run well into the tens of millions, with the average home selling price at just under $1.4 million. Neighborhoods are primarily comprised of modern one- and two- story homes, custom-built mansions and small cottages from the mid-20th century.
Corona del Mar is the most expensive real estate market in Newport Beach, with typical listings well above the average prices in neighboring communities. It features exclusive neighborhoods like Shore Cliffs, Cameo Highlands and Spyglass Hill, where houses are listed to sell for anywhere from $3 million to $5 million on a regular basis. Located at the southern tip of Newport Beach, Corona del Mar has long been considered premium real estate due to its relative seclusion and the stunning natural surroundings that come with it.
Newport Beach Neighborhoods
The Balboa Peninsula hugs the Pacific Ocean coastline, creating the perfect opportunity for both beachfront and bayside homes. Traditional California beach houses are interspersed with more ornate Italiante-style residences and Modern homes. Prices here start at upwards of $1 million and they usually top out at under $10 million, though the occasional listing of a $15 million property in this part of Newport Beach is certainly not unheard of.
The Lower Newport Beach area of the city affords residents the option of choosing to live in a peaceful island setting, but with immediate access to all of the conveniences that come with living in an urban area. It includes Balboa Island, where a small home with views of the bay is capable of fetching $1.5 million, as well as the ultra-exclusive Linda Isle, where homes can easily list in excess of $18 million. The Harbor Island community, meanwhile, remains home to some of the most prized real estate in the area, with houses selling in the $5-$20 million range.
Finally, the West Newport and Lido Island neighborhoods of Newport Beach are also highly desirable communities that feature properties with a full assortment of private amenities, from lush tennis courts, private water-front access and boat docks or slips to in-home movie theatres. You can find luxurious homes here built in the style of an English manor with a mid-century Modern just down the block. Look for prices in these areas to be anywhere from $2.5 million all the way up to the $10 million mark.
We are able to search ALL neighborhoods in Newport Beach for detached homes and condominiums with an Ocean View that are currently listed for sale. If you would like to see the inside of any of the Ocean View homes in Newport Beach listed for sale below, just send us an email:Info@1stNationwideRE.com or give us a call at: (949) 273-1355 ... we're easy to talk to.
