Newport Beach Bay-front homes are one of the most desirable properties on the Orange County Coast. While some think that driving to the peninsula point takes too long, it's well worth the views when you arrive. (It really just takes about 10 minutes) but when you live in Newport everything is so close, locals don't like to drive.
At the peninsula point you may either live on the ocean front or on the bay front. Today I want to talk about the bay-front homes. Yesterday during Realtors preview I was privileged to view some of the best locations and views in Newport Beach.
I first arrived at a home on one-half acre on the bay! This multiple lot bay front property is on the market for the first time in 75 years. The property comes with conceptual plans for an Eastern Seaboard style residence, a detached guest house, pool and pool house, staff apartment, and additional garages, a private dock and your own private beach. Price $18,900,000.
Then I came across another landmark residence. This property has 70+ feet of bay front. The home is recognized by boaters for its "crows nest" on the 3rd level. This home offers 4 bedrooms, 4.5 baths, and a sleeping porch or office in the crows nest. Take advantage of 3 car garage, a treat on the peninsula, and it's own elevator. Price $7,995,000.
Peninsula home sales have begun exceeding new inventory. While it's still a buyers market, prices seem to have already started to respond. If the trend continues expect prices to keep going up. Bay front buyers realize that this will be one of the rare opportunities to buy Newport Beach Bay Front homes at a discounted price.