Oceanfront- Waterfront – Bayfront Homes for Sale in Newport Beach, CA

by Vincent Bindi on June 24, 2008

There are currently 37 Oceanfront and Bayfront detached homes for sale, and 7 Oceanfront/Bayfront Condos for sale  in Newport Beach, CA.   The lowest price detached  home is a bay front property on Finley Ave currently listed for $1.575 Million (subject to change) and incorporates 2 bedrooms, 1 bath, and 1,030 square feet of living area, with a dock for 2 boats.  The highest priced property is currently for sale $38,500,000, and this French neoclassic Bayfront estate located on Harbor Island Dr incorporates 10 bedrooms, 12 baths, 18,000 square feet of living area on a 1/2 Acre lot.  The Median price waterfront home is $5 Million and the Average price water front home is $6.47 Million.  The average price per square foot is $1,752/SqFt, although this indicator is of little use for the Land price is a large percentage of the value of the typical property.

Currently there are 2 waterfront properties under contract in Escrow in Newport Beach, Ca.  One estate is located on Lido Island on Via Lido Nord.  This bay front property consists of 3 bedroom, 2 baths, and includes a private dock, and the asking price was $4,299,000.   The other estate is located on Balboa Peninsula on Oceanfront Ave.  This  Ocean Front property incorporates 5 bedroom, 5.5 baths, 4,000 square feet of living area and a private roof top deck with sweeping ocean views.  The asking price of the property was $11,575,000. 

In the past 90 days, there have been 3 bayfront/oceanfront properties that have sold and closed escrow.  Based upon the number of homes Pending in escrow, and 3 homes sold and the current inventory of 37 homes, the Months of Inventory is running at about 30 months for Newport Beach water front property currently.   The basic details on the 3 waterfront properties that sold along with the sales prices are listed below: 

  • Lido Island – Via Lido Soud – 5 Bdrm, 3 Bath, 2,580 SqFt, Bayfront with dock – $3.9Mil
  • Balboa Pen – Bay Ave. – 5 Bdrm, 3 Bath, 2,358 SqFt, Bayfront with dock – $4.9Mil
  • West Newport – Oceanfront Ave – 5 Bdrm, 5.5 Bath, 2,744 SqFt, Oceanfront – $6.2Mil

Of the 7 bay front and ocean front condos currently listed for sale in Newport Beach, Ca., the lowest priced property is $1,095,000 for a 1 bedroom, 2 bath, 1,200 square foot  condo on Lido Park Dr. in the Cannery Village high-rise.   The highest price condominium is a beachfront 3 bedroom, 3 bath, 2,000 square foot with sweeping panoramic views of the beach and pacific ocean.   The current asking price is $2,695,000 and is located on Balboa Peninsula on Balboa Blvd.   The Average priced waterfront condo currently for sale is $2.05 Million, and the Average Price per square foot is $1,125/SqFt. 

In the past 3 months, there were 2 waterfront condos that sold and closed escrow in Newport Beach.  The lowest priced unit was a 3 bedroom, 2 bath, 1,561 square foot ground floor beach-front condo facing the back bay.  The other sold unit is located in West Newport in Newport Marina Villas on Coast Hwy.  This bayfront property incorporated 3 bedrooms, 3 baths, 1,849 square feet, and sold for $1.375,000.

For a private email list, with updates, of all oceanfront and bayfront properties listed for sale in Newport Beach, Ca. , visit our website at:  www.OCJustListed.com, or give us a call for a private showing at:  949-388-3396  (NOTE:  All prices stated in the article are subject to change at anytime.)