Newport Shores in Newport Beach | Homes for Sale in Newport Shores | Market Update | August, 2012
Newport Shores in Newport Beach is a beach community which is located on the west side of Newport Beach. There are approximately 440 homes located on the west side of Newport Beach. There are single-family homes, condos, and duplexes in Newport Shores. Newport Shores is surrounded by a Canal and there are canal front homes on Canal Street, Canal Circle and 62nd Street.
Newport Shores has a community pool, tennis court, basketball court, sand volleyball court and clubhouse, for the residents of Newport Shores in Newport Beach.
Currently, there are 6 active listings, and 2 in back up (one short sale). There were no sales in August, 2012, and the last two sales in Newport Shores were in July, 2012.
Average price of sold homes over past one year was $786,718 with a price per square foot of $525.11.
6 Active Listings compared to 5 in July 2012 – up +1
2 Back-Up compared to 2 back up in July 2012 – the same
0 Pending Sales compared to 0 pending in July 2012 – the same
0 Solds compared to 2 sales in July 2012 – down -2
Previous months Newport Shores market reports:
Search the MLS for Newport Shores homes for sale in Newport Beach.
Investment Highlights; Seller Financing available at 5.50% interest only with 50 % LTV. Attractive 7.54% Cash-on-Cash return with seller financing. ProForma CAP Rate of 6.68%. Current CAP Rate of 6.52% / 10-Year Corporate Backed Lease with (2) 5-Ye
331 Walnut is located just moments from some of the best surfing, sunshine and sand in California. Featuring a gated front patio for extra privacy and built from the studs up in 2004, this five bedroom residence was refreshed again by the current own