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Newport Beach Real Estate
November 21st, 2009
Newport Beach Top Ten Deals of the Week 11.21.2009
Newport Beach Top Ten Deals of the Week 11.21.2009
The Newport Top Committee met yesterday and reviewed price changes and new listings that are well priced for the area. One of our findings was that many properties have had price adjustments in the past two weeks.
The top ten best deals are standard sales or REO properties. We look at new listings, price adjustments, price per square foot and create a list of approximately ten properties to “make the list”.
The following is the list of Newport’s Top Ten best deals:
441 Dahlia Avenue
Corona del Mar, California
Priced at $1,250,000
This home has a gourmet kitchen which will be appreciated by someone who enjoys spending time in the kitchen. If you are a kitchen person, you must see this home in Corona del Mar. This home in Corona del Mar has had a price reduction of $225,000 earlier in the month. This is one of the best priced condo’s in the Village on the south side of Coast Highway with an Ocean View. Price per square foot is $625.
2615 Way Lane
Corona del Mar, California
Priced at $2,440,000
This home in Corona del Mar is located in sought after China Cove, this home has been completely remodeled with Ocean View. This home features three bedrooms and three bathrooms. China Cove is a very desirable community with approximately 37 homes located in Corona del Mar.
526 Riverside Avenue
Newport Beach, California
Priced at $2,225,000
Located in sought after Newport Heights has had several price adjustments. This home features five bedrooms and five bathrooms over 6000 square feet of living space..
522 Aliso Avenue
Newport Beach, California
Priced at $2,285,000
This home features five bedrooms, five bathrooms with six thousand square feet. It is located highly sought after Newport Heights. Per the MLS, this home has an assumable loan.
1908 Tustin Avenue
Newport Beach, California
Priced at $575,000
This home is at a competitive price in Newport Heights. The lot size for this property is 9450 square feet, and is an amazing opportunity to build your dream home. The current house is uninhabitable and not eligible for conventional financing. This is a great property for investors and builders.
125 24th Street
Newport Beach, California
Priced at $995,000
With a recent price reduction of $500,000. this ocean view home is located on the Balboa Peninsula. This an opportunity to own a single family residence at a condo price on the Peninsula.
504 K Street
Newport Beach, California
Priced at $1,995,000
This home located at Peninsula Point on the peninsula is a detached home which features four bedrooms, and three bathrooms with 2900 square feet of living space. The lot is oversized at approximately 3000 square feet. This home is upgraded and has had a recent price reduction down to $1,995,000.
2106 Yacht Mishchief
Newport Beach, California
Priced at $1,269,000
This home is the lowest priced home in Seaview in Newport Beach. This home has three bedrooms and three bathrooms.
5 Serenity
Newport Coast, California
Priced at $1,329,000
This is a highly upgraded home in Belcara is a plan one home with three bedrooms, and four bathrooms. There is a nice patio to enjoy outdoor living. There is also a three hole putting green to enjoy the California Climate.
For more up to date information or other great in and around Newport Beach, please contact me.
Phone or Text: 949.280.0681
Email Spaxson@roadrunner.com
This information originally posted at NewportTop10.
Disclaimer: Information contained herein are the views and opinions of Sharon Paxson. This information may be based on information from multiple sources, and may be subject to change without notice. This information is not guaranteed, have warranties either express or implied, may be time sensitive, and may or may not be deemed reliable at the time of researching this article. Information regarding property for sale and market reports is obtained from the SoCalMLS.
November 20th, 2009
China Cove in Corona del Mar
China Cove in Corona del Mar
Market Update
China Cove currently has four active listings, one pending. The most recent sale was February, 2008.
China Cove features some very beautiful homes in Corona del Mar.
China Cove is an exclusive and highly sought after community in Corona del Mar which is located below Ocean Boulevard, and down Fernleaf. There is no public parking in this exclusive area of China Cove.
China Cove is located at the entrance to Newport Harbor, and features approximately 37 homes that are located with panoramic views of Newport Harbor and Catalina Island. China Cove residents enjoy yachting activity in Newport Harbor, as well as the beach. China Cove is an exclusive area, that is below Ocean Boulevard, near The Village in Corona del Mar.
I was on Broker Preview yesterday and previewed some beautiful homes. You can see that these homes are built right down on the water.
Below is a view looking across the Harbor the the Newport Beach Peninsula Point and the homes located right on the water there.
Another view to be appreciated from the China Cove area looking out to the entrance to Newport Harbor. It was quiet yesterday because it is a weekday, however during weekends and summer months, there is a tremendous amount of yachting activity to appreciate.
Currently, there are four active listings in China Cove.
2615 Way Lane- Corona del Mar, CA – Priced at $2,440,000
2623 Cove Street - Corona del Mar, CA – Priced at $4,995,000
2717 Shell Street- Corona del Mar, CA – Priced at $6,700,000
This home is absolutely beautiful. It has had several price reductions and started out at $9,500,000. Located right on the edge of the water, it is truly a beautiful home.
2727 Shell Street - Corona del Mar, CA – Priced at $10,500,000
There is one pending at:
2733 Shell Street – Corona del Mar, CA – Priced at $1,995,000
The most recent salein China Cove in Corona del Mar was at:
2615 Way Lane, Corona del Mar, CA – Sold for $2,200,000 in February 2008.
If I can answer any questions about Real Estate in Corona del Mar, China Cove, Homes for Sale in Corona del Mar, or Newport Beach Real Estate, please contact me.
Phone or Text: 949.280.0681
Email: Spaxson@roadrunner.com
November 20th, 2009
Balboa Island Home for Sale
Balboa Island Home for Sale
On Broker Preview in Newport Beach, it is an opportunity to see the new and current inventory of what is for sale in Newport Beach real estate. One in particular really stood out to me. This Balboa Island property located at 231 Bayfront on the Little Island was a plantation style home. Balboa Island is made up of three islands including the Main Island, the Little Island (where this home is located) and Collins Island.
This home on the Little Island has an open floor plan designed to enjoy to the California Climate.
The entry to this home is a dutch door with two side lights. The entry opens to the staircase. The second floor is the main living level with the kitchen and family area. And there is a roof top deck as well with granite counters for serving. The views from the deck are panoramic.
This Balboa Island home for sale is built on one and a half lots, and it also has a new dock. There is a large deck off the second floor as seen here with a window wall which completely disappears in to the wall further creating indoor outdoor living.
This home on Balboa Island has a large and kitchen with beautiful cabinetry, granite counters and top of the line appliances. This home also features four bedrooms and five bathrooms with an incredible bay view.
If I can answer any questions about Balboa Island homes for sale or Newport Beach Real Estate, please contact me.
Phone or Text: 949.280.0681
Email: Spaxson@roadrunner.com
November 18th, 2009
Annual Christmas Tree Lighting at Fashion Island
Annual Christmas Tree Lighting at Fashion Island in Newport Beach
The 2009 Annual Christmas Tree Lighting is going to be this weekend on November 20 – 21, 2009 at Fashion Island in Newport Beach. This is a very popular holiday tradition to view the Fashion Island Tree Lighting, and see the tree. Here is a picture of last year’s Christmas Tree at Fashion Island as it was being set up.
This year the Christmas Tree is in a new location at Fashion Island. This year the Christmas Tree will be located by Santa’s house on the Atrium Lawn.
The event will begin at 6pm. Come and enjoy the festivities and begin the holiday season by attending this tree lighting ceremony.
If I can answer any questions, please contact me.
Phone or Text: 949.280.0681
Email: Spaxson@roadrunner.com
November 17th, 2009
But I Am a Real Bird
But I Am a Real Bird
Newport Shores in Newport Beach is home to many creatures including racoons, skunks (bummer for my dog Patrick), possums, herons, seagulls, ducks, wood ducks, and pelicans visit the Newport Shores area in the winter. It is always a treat when the swan comes to visit. She comes about once a year, and she is pretty tame, and will swim to you and enjoys eating bread.
Yesterday, this beautiful swan was outside our deck, and my daughter was standing there with her bird sitting on her shoulder - affectionally named B Bird (ok – I know we are not that creative – but it works for him). B Bird is a brown headed parrot who is a hand fed baby, and is very tame, and about a year old ( and is lacking in any outside survival skills – like I said – a hand fed baby).
Suddenly, B Bird wanted to be a real bird and take flight – seriously right off my daughter’s shoulder and half way across the canal in Newport Shores. Well, B Bird didn’t sink (thank goodness), but he doesn’t have webbed feet to help him swim. So my Daughter Heather (the lifeguard) had to use to her life-guarding skills to rescue him yesterday. Off the edge of the deck into 60 degree water, she swam to get B Bird in her clothes (ripping her favorite tee shirt at the same time).
And the swan booked it out of there when my daughter jumped into the water. But I do see that the swan is still around today.
B Bird was very wet, and shivering, and had never been that wet before. We dried him and made sure he was warm, and then B Bird had a visit to the vet to make sure he was going to be ok from his swim. $140 later, B Bird is on precautionary antibiotics, but is just fine. No harm, no foul (no pun intended!). B Bird just wanted to be a real bird like the other birds!
So – another day in Newport Shores.
November 14th, 2009
The Village in Corona del Mar
The Village in Corona del Mar
The Village in Corona del Mar is a charming area of the city located off Coast Highway. Corona del Mar literally means “crown of the sea”. It is a highly sought after area, and offers many neighborhoods including the Village.
Corona del Mar has street names in alphabetical order named after flowers such as Begonia, Carnation, Dahlia, Narcissus and Poppy just to name a few. These are the streets that are located in the Village. It is a very desirable area because the residents can walk to dining and shopping at their leisure.
In Corona del Mar, there are both single family residences as well as condo’s which are typically front and back units. With tree lined streets, and walking distance to Coast Highway, the Village in Corona del Mar is a highly sought after area to reside in and search for Corona del Mar homes for sale.
Ocean Boulevard is a particularly beautiful area and many of these homes have sweeping panoramic views of Big Corona as well as Newport Harbor, and the Newport Peninsula. On a clear day, you can see Catalina Island. Towards the end of Ocean Boulevard, there is a park called Look Out Point and it offers spectacular ocean views. Many people just come to sit and watch the sun set in this incredible area.
On the south side of Coast Highway, there are currently 42 active listings which are single family residences. The property at 2520 First Avenue in CDM is priced at $995,000 and it is the lowest priced home in this area of the Village. The highest priced is at $38,000,000 located at 401 Avocado. Below is the view from this property.
There are six in back up/pending status, and there have been fives sales since September 1, 2009.
If I can answer any questions about Corona del Mar homes for sale, Corona del Mar Real Estate, or the Village in Corona del Mar, please contact me.
Phone or Text: 949.280.0681
Email: Spaxson@roadrunner.com
November 14th, 2009
What Criteria is Important in Selecting a Realtor
What Criteria is Important in Selecting a Realtor
When you are considering hiring a Real Estate agent, what criteria do you consider when you are selecting that Real Estate Agent. Do you talk to friends and family about who they used? A referral is always a good way to find a Realtor. Are you looking for a neighborhood specialist? Are you considering hiring a relative out of obligation . . . Keep in mind, it is a business transaction from start to finish. Although it can be emotional when purchasing or selling a home, an experienced Real Estate agent can guide you through the process.
Make sure you do your research. Talk to your friends and family for a good referral. Inquire about the experience. When you called to speak to the Realtor you are considering, did they return your phone calls in a timely manner? Inquire about how they will communicate their marketing activities to you if you are selling. Real Estate transactions are a two way process. It is important for the Real Estate agent to adapt to their client’s expectations . . . some may prefer to receive communication via text, email, or weekly phone calls. These are all important considerations. Try and lay the ground work up in front to avoid any misunderstandings once you are working together.
If you are purchasing a home, has the Realtor explained the process in detail? Did they have you meet with a lender first? I would recommend having the purchase agreement and associated documents explained to ensure that the process is completely understood.
If you are looking for a “neighborhood” Realtor, consider using Google as a way to find out who is the one who has the most exposure in the area. Look at the neighborhood you are considering and Google that neighborhood. See who comes up and look at their websites and blog sites.
If you are selling, and you have selected a few to consider, set up interviews and look at their preparedness. Do they have the information that will help you make an informed decision about pricing? Is the collateral material professional? What does their marketing material look like?
These are just a few considerations when you are selecting a Realtor.
If I can answer any questions about selecting a Realtor, or the process or either purchasing or selling a home, please contact me.
Phone or Text: 949-280-0681
Email: Spaxson@roadrunner.com
November 12th, 2009
Balboa Island in Newport Beach, CA
Balboa Island in Newport Beach, CA
One of the most highly sought after areas in Newport Beach include Balboa Island, which consists of three islands that are located within Newport Harbor. There is the main island, the little island and Collins Island.
Balboa Island has very beautiful homes, both bay-front and located on the streets that are all named after semi-precious stones. Some of the the bay-front homes may include a dock for different sized boats depending upon where the home is located. One of the best ways to enjoy the island is walk the island on the boardwalk on both the main island and the little island. You will see many people walking, jogging, and walking their dogs. Also, located on Balboa Island is the Balboa Island Ferry which was originated in 1909. The Balboa Island ferry is a three car ferry which transports vehicles, people and their bicycles to and from Balboa Island and the Balboa Peninsula. It is a brief journey, but enjoyable just the same.
Balboa Island is divided into three islands. The main island which has 1187 homes, the Little Island which is located across the Grand Canal has 229 homes. Collins Island which is located of the main Island has 8 homes. The streets of Balboa Island are named after Semi-precious stones including Abalone, Amethyst, Crystal, Jade, Onyx, Sapphire, and Coral to name a few which creates more charm in the area as seen in the photo above. The main street which you enter Balboa Island is Marine, and there are many shops and restaurants to enjoy located right along Marine Avenue. Most of the residents use golf carts to cruise around the island. Below is a photo of Marine Avenue on Balboa Island.
The history of Balboa Island is very interesting. William Collins, who was from Pasadena, California began dredging a channel on the north side of Newport bay and deposited the sand and silt on tide lands that would eventually become Balboa Island in 1908. As a result of piling up the silt and sand on the tide lands, this was the beginning of Balboa Island.
During this same time period, there were lots that were being offered for sale in the amounts of $350.00 to $750.00. Of course, the highest price lots were the ones that were located on the bay and waterfront. However, even though these lots were being advertised, many of the original lots were sold for as little as $25.00.
Balboa Island in Newport Beach was considered a place to go for summer vacations. Many of the Balboa Island homes did not have heaters, so these homes were used during the summer months, and many were often closed up for the winter. Tourists and families came to visit Balboa Island during the summer months and enjoy the climate in Newport Beach.
The growth of Balboa Island was slow initially, however in 1916 Balboa Island officially became part of the the City of Newport Beach.
Joe Beek who was also part of the initial development of Balboa Island. In 1919, Joe Beek obtained the first contract for a ferry between Balboa Island and Balboa Peninsula. The first car that was transported on the Balboa Island Ferry was in 1920, and it was for a fee of .10 cents. Joe Beek’s ferry boat was called the Joker, and the original capacity was two cars. The ferry is still in existence and t here are three 64 foot ferries, that have the capacity to carry three automobiles. Also, many bicyclists and pedestrians can ride for a fee as well. The ferry drivers are very skilled particularly during the summer months when Newport Harbor can be incredibly busy with the Newport Harbor boat traffic. It is a great way to travel from the Peninsula to the Island and enjoy the beauty of the Newport Harbor on the brief journey.
Balboa Island was also a place that was frequented by many celebrities. In fact, in the 1920’s and 1930’s, there were many movies that were filmed on Balboa Island. James Cagney officially purchased Collins Island in 1938 and then later sold in 1948.
There are some wonderful activities to enjoy on Balboa Island from swimming, kayaking, sailing, boating and fishing as seen below here.
Currently, the lowest priced home on Balboa Island is listed at 1305 Park is listed for $1,095,000, and the highest priced home is listed for 9,995,000 at 3 Collins Island. There is a consistent charm on Balboa Island. Balboa Island is a very desirable place to live in Newport Beach.
If I can answer any questions about real estate Balboa Island Real Estate, please contact me.
Phone or Text: 949.280.0681
Email: Spaxson@roadrunner.com
November 11th, 2009
1535 Orange Avenue, Costa Mesa, CA
1535 Orange Avenue, Costa Mesa, CA
This charming cottage in East Side Costa Mesa is listed for sale for $539,000. This single family residence features one large bedroom with a walk in closet. There are hardwood floors and a fireplace. The home has a nice yard for gardening.
Located walking distance to 17th Street in Costa Mesa, and walking or biking distance to the beach, this home is in a great location. Additionally, this home is in Newport Heights Elementary School district.
If you would like to schedule a showing, please contact me.
Phone or Text: 949.280.0681
Email: Spaxson@roadrunner.com
November 11th, 2009
Aloha Grill in Costa Mesa, CA
Aloha Grill and Tiki Bar in Costa Mesa, CA
The Aloha Grill and Tiki Bar which is located at 1749 Newport Blvd in Costa Mesa is a casual restaurant with an indoor dining. There is an outdoor firepit to sit outside which creates very nice ambiance.
The Aloha Grill has a very tropical feel to it, and there is both indoor and outdoor dining to enjoy the California climate. There is also an aquarium which is in the wall which adds to the ambiance of this restaurant.
The Aloha Grill features Hawaiian style food, Pacific Rim Cuisine including steaks, ribs and seafood. My favorite so far is their fish tacos. And they have Happy Hour Monday through Friday from 4:00 pm to 7:00 pm where you can get fish tacos for $1 each! That’s right – $1. They also have half price on other food items from 4:00 to 7:00 pm Monday through Friday. Come on in and check it out.
Walk in . . . hula out!
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