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What Can you Buy for $1,000,000 in Newport Beach?

By Sharon Paxson

Real Estate Agent with Sharon Paxson, Realtor® EQTY Forbes Global Properties 01501912

February 24, 2011 03:02 PM

What Can you Buy for $1,000,000 in Newport Beach?

What can you buy in Newport Beach for $1,000,000 in Newport Beach – the answer is a lot. There are 22 active listings in Newport Beach priced between $950,000 and $1,150,000. In this price point, you can purchase a three bedroom condo located on the water, with a slip; a quaint property located onBalboa Island in Newport Beach; or live in on the cottages located on Beacon Bay in Newport Beach!

Can you i.Imagine waterfront living on Newport Harbor for approximately $1,000,000? Or walk to the beach, enjoy the beach climate and all the activities that go along with living here?

At this time, home prices are at historic lows, and it is truly an opportunity to purchase a home during this market. Additionally, interest rates are at near historic lows. It is a great time to purchase a home in Newport Beach.

Search the MLS for homes for sale in Newport Beach, and Newport Beach Real Estate in the 92663 area.

Search the MLS for homes for sale in Newport Beach, and Newport Beach Real Estate in the 92660 zip code.

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Heritage Real Estate Group

Heritage Real Estate Group(DFW) - Dallas, TX

Looks like a beautiful place to live. We do not have the water options.

Feb 24, 2011 03:04 PM

Pocono Luxury Homes The Jeff Rickert Team

RE/MAX Property Specialists - Pocono Lake, PA

Poconos Luxury Homes

Thanks for the post.

What a nice picture.

Good luck in your area.

Conrad Allen

Re/Max Professional Associates - Webster, MA

Webster, Ma, Realtor

HI Sharon - In my location it will take 6 buyers together to qualify for a $1,000,000 loan:)

Feb 24, 2011 03:11 PM

Sharon Paxson

Sharon Paxson, Realtor® EQTY Forbes Global Properties - Newport Beach, CA

Newport Beach Real Estate

Hi Mike - it is a beautiful area. Not all the $1,000,000 properties are on the water, but there are some amazing opportunities.

Feb 24, 2011 03:14 PM

Arleen Montford

KELLER WILLIAMS REALTY GULF COAST - Pace, FL

Selling NW Florida Homes in Pace/Milton/Pensacola FL

Hi Sharon, What a great listing. Good luck finding a buyer.

Hi Jeff and Heather - thanks! Glad you liked the post!

HI Conrad - I think it is more challenging for everyone to get loans now a days!!!

Feb 24, 2011 03:15 PM

Michelle Gibson

Hansen Real Estate Group Inc. - Wellington, FL

REALTOR

Sharon - I love these types of posts to see what one million dollars buys elsewhere in the country. I'm sure Newport Beach buyer's will love this post too.

Feb 24, 2011 03:18 PM

Hi Arleen - there are some great opportunities for homes for sale at $1,000,000 in Newport Beach.

HI Michelle - thanks - I like them too. Just want to share what you can get now for $1,000,000 and homes that were previously priced so much higher!

Feb 24, 2011 03:24 PM

Tony & Darcy Cannon

Aubrey and Associates Realty - Layton, UT

The C Team

Sharon, Oh, If I had a $million! I would most likely be calling you!

Feb 24, 2011 04:55 PM

Karen Kruschka

RE/MAX Executives - Woodbridge, VA

- "My Experience Isn't Expensive - It's PRICELESS"

Sharon Shucks, I just spent my last million. California will recover as it always does

Feb 25, 2011 02:49 AM

HI Tony and Darcy - right on! and Thank you! Come on out to visit anytime soon.

Feb 25, 2011 03:38 AM

Hi Karen - I think so as well, California will start to rebound I believe.

Feb 25, 2011 03:40 AM

Kim Sellers

Lake Arrowhead, CA Coldwell Banker - Lake Arrowhead, CA

Lake Arrowhead Realtor - BRE#01412099 - Lake Arrow

That seems like a good deal to be so close to the water. A condo with a slip, best of Newport.

Feb 26, 2011 06:45 AM

HI Kim - there are some other ones as well in the 800,000 - where you can get a slip for a smaller boat. Great value right now!

Feb 28, 2011 07:36 AM

What Can you Buy for $1,000,000 in Newport Beach?

What Can you Buy for $1,000,000 in Newport Beach?

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