The median home value in Newport Beach, CA is $2,620,000.
the county median home value of $900,000.
The national median home value is $308,980.
The average price of homes sold in Newport Beach, CA is $2,620,000.
Approximately 53% of Newport Beach homes are owned,
compared to 35.5% rented, while
11.5% are vacant.
Newport Beach real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Newport Beach real estate agent to arrange a tour today!
Learn more about Newport Beach.
Outstanding Balboa Island corner duplex at an excellent location a few blocks from the village center. Extensively remodeled in 2021 and infused with light, this beautiful property offers 3 bedrooms and 3 baths in the main home and 2 bedrooms and a bath in the rear unit. The first level of the main home provides a large great room with fireplace; chefs' kitchen with quartz counters, Bertazzoni range, Dacor ovens, dishwasher & refrigerator, and a bedroom suite. There is also a spacious front patio and a side patio with substantial dining space; both patios open with smooth bi-fold door systems. The second level of the main home showcases 2 more bedrooms with vaulted ceilings including a deluxe primary suite and a guest bedroom with its own balcony. The rear unit includes a living/dining space, separate kitchen, two bedrooms, 3/4 bath, and its own balcony. Both units have oak floors, AC, and their own laundry rooms. The two-car garage provides the opportunity to park a third car in front of the garage. Explore the best of Balboa Island in this wonderful home!
Saturday, 12/2 1:00-4:00PM
TURNKEY FULLY FURNISHED WITH CITY OF NEWPORT BEACH SHORT TERM RENTAL PERMIT. This is an exquisite opportunity to own a piece of paradise in the heart of Balboa Island. A charming 3 bedroom, 2 bath cottage that epitomizes coastal living at its finest. This charming 1939 cottage effortlessly blends the charm of yesteryear with the comforts of contemporary living and modern conveniences. Enjoy the convenience of being just moments away from local eateries, boutique shops, and recreational activities, making every day a new adventure. Picture yourself enjoying your morning coffee or entertaining friends on your expansive front patio, enclosed by a classic white picket fence. It is the perfect setting for creating lasting memories. Step inside through the Dutch door entry and you will be greeted by a light and airy living room with high beamed ceilings, original hardwood floors and stone fireplace. For a more private setting, enjoy the large covered rear patio complete with a barbeque and separate dining. The heart of the home, the kitchen, is adorned with black limestone floors and sleek quartz countertops, creating a sophisticated space where culinary delights come to life. Its a perfect blend of form and function. This cottage comes fully furnished allowing you to immerse yourself in the coastal lifestyle from day one. With the coveted short-term rental permit in hand and turnkey furnishings, you can start generating returns on your investment right away. Imagine owning a slice of coastal paradise that not only embraces the laid-back charm of Balboa Island living but also presents a lucrative investment opportunity. Benefit from the perpetual allure of Balboa Island, where tourists and vacationers seek the unique experience of coastal living. Your property is poised to become a sought after retreat. Now is the time to turn your dream of owning a Balboa Island cottage into reality. Arrange a viewing today, and let this charming property speak for itself.
Ideally situated within the exclusive confines of the private guard-gated community of Granville, this corner unit stands out as one of the most distinctive residences within the neighborhood. Ascending to the upper-level abode, one is immediately enveloped in a grand sense of space, accentuated by vaulted ceilings and expansive floor-to-ceiling windows that grace the living and dining areas. These windows unveil a vast deck, offering sweeping panoramic views of the Newport Beach Country Club's picturesque 9th fairway. Adjacent to this outdoor haven is a separate, permitted space, perfect for an office, gym, or even a private sleeping area. The kitchen, a culinary haven, boasts an eat-in dining area, a sizable island with a built-in desk, a top-of-the-line Viking stove, built-in refrigerator, and adorned with elegant granite countertops. Seamlessly connected to the dining space and living room, the kitchen enhances the property's single-story layout, creating an open, airy ambiance. The living room features a fireplace embraced by custom built-ins, contributing to the overall sense of spaciousness and luminosity.Traversing the generously proportioned, sky-lit hallway, one discovers the expansive secondary bedroom, a well-appointed laundry room with a sink and built-in storage, and a bathroom with a sleek glass-enclosed shower. The primary suite, accessed through a commodious sitting area/library, is a retreat of opulence. Vaulted ceilings, a walk-in closet equipped with custom cabinets, and a spa-like master bath, replete with a stone shower, dual vanities, and ample storage, define the epitome of luxury. The residence is adorned with premium upgrades, including stunning wide-plank wood floors, custom window coverings, exquisite woodwork, recessed lighting, and recently installed forced air heat and air conditioning. This property seamlessly combines upscale living with breathtaking views, creating a truly unique and inviting haven within the Granville community.
Sunday, 12/3 1:00-4:00PM
Nestled within the tranquil cul-de-sac of The Bluffs, this four-bedroom residence seamlessly blends luxury and comfort. Surrounded by Newport Beach's Back Bay, the home provides a relaxing lifestyle and a peaceful atmosphere.Step into a world of interior elegance with upgrades like newer windows, recessed lighting, wainscoting, crown molding, and wood-style flooring. The kitchen is a culinary masterpiece, featuring stainless steel appliances, granite counters, and a custom island.Entertaining is effortless with integrated surround sound, patio speakers, and a professionally landscaped private courtyard. The two-car garage, complete with cabinets, enhances functionality.The main floor master bedroom is a sanctuary with custom mirrored wardrobe doors and a remodeled bath featuring dual vanities, granite counters, and travertine floors. The main floor also includes a second bedroom. Two additional upstairs bedrooms and bathroom offer flexibility for various living arrangements.Step outside to the perfect al fresco dining and entertainment areaa patio that embraces the outdoor lifestyle. Just a short walk away, relish the year-round heated pool and the beauty of the nearby Back Bay, an ideal spot to watch sunsets and savor beach living at its finest.Strategically positioned, the residence provides easy access to the Eastbluff Village Shopping Center, the Newport Beach Tennis Club, Fashion Island, Balboa Island, and much more.Corona del Mar High, a California Distinguished School, adds an extra layer of appeal to this prestigious community.Experience the epitome of Southern California living in this exclusive Bluffs residence. Schedule your private tour today and seize the opportunity to make this meticulously crafted home your own. Act today and embrace the coastal lifestyle that awaits you.
Ideally positioned to maximize both privacy and breathtaking views, 7 Rue Villars stands as a truly unique and turnkey embodiment of newly designed coastal living. Recently adorned with a comprehensive "like new" renovation, the designer residence showcases a harmonious blend of new finishes, top of the line materials, exceptional surfaces, newly designed hardscape & resort style backyard, custom luxe lighting, and so much more. Boasting three bedrooms, three and a half bathrooms, and over 4,100 sqft of living space, the property is artfully designed to exude both intimate ambiance while still allowing for large capacity, grand-scale entertaining thanks to open concept living. The journey begins as you enter through a gated courtyard pavilion, unveiling a private walkway and pivot glass entry door, showcasing a serene sitting area that gracefully guides you to the front door. Illuminated by an abundance of natural light thanks to soaring ceilings, an open concept, and dual level windows and large pane glass sliding doors. The second floor is accessed through a floating glass and metal staircase as well an interior elevator. that lead you to three generously sized en-suite bedrooms, one of which was a conversion of two guest suites into one oversized guest suite with luxurious retreat (that could be converted bath to a 4th bedroom or add'd bonus room). The European designed kitchen offers a full array of Miele appliances, bespoke custom cabinetry throughout, and artistic level stone counter tops and waterfall island. The exterior, having undergone an extensive remodel, features multiple seating and dining areas, fireplace seating, BBQ island and complemented by a sparkling modern pool, spa, and water feature. Completing the allure of this exceptional property are the sought-after amenities within Big Canyon, the convenience of world-class shopping at Fashion Island just across the street, proximity to esteemed schools, and nearby walking trails. 7 Rue Villars encapsulates the latest in coastal living, seamlessly blending modern sophistication while showcasing the highest grade of finishes and boasting functional elegance.
1 Year Lease- Large, beautiful beach house on a double corner lot across from the 38th Street Park, the Newport Island Bridge and the best beaches in Newport. This is a super fun house offering 4 bedrooms, 3 full bathrooms, an oversized 2 car garage with direct access into the house, attached inside laundry and bike storage room, inside beach shower, two expansive patios; a wraparound patio in the front for socializing with the neighbors, and a large private interior courtyard perfect to entertain, barbeque or to enjoy privacy and peace and quiet. The home has been updated- New kitchen, AC and heating, updated bathrooms, fresh paint inside and out and a beautiful fireplace in the large light filled living room that opens to the front patio. Enjoy a captivating view of Newport Island and the canal waters from the master bedroom. This home is located just south of PCH, so quick in and out from the peninsula, and close to the markets, restaurants, coffee shops and entertainment. Dont miss out on this year long vacation home!
An unparalleled haven for yacht enthusiasts, this bayfront residence on Linda Isle is meticulously designed to embrace the epitome of stylish indoor-outdoor living. Boasting a generously sized waterfront deck, a private boat dock, and breathtaking views culminating in spectacular sunset panoramas, this home occupies the premier location for convenient docking and enjoyment on what most regard as the best orientation Linda Isle has to offer. The main level unfolds with a secure gated courtyard and an elegant entry, leading to a capacious waterfront great room adorned with a formal living and dining areas and well-sized fireplace. The ground floor also offers an adjacent kitchen with ample storage and counter space, a separate informal eating area, spacious laundry room as well as a family room/media area which could be used as a fourth bedroom. The second level affords an oversized primary suite that spans the width of the home offering incredible main turning basin and sunset views with separate seating area and fireplace. The primary suite is well complimented by a large walk-in closet, a spa-like bathroom with separate vanities, walk-in shower and jetted tub. Two secondary bedrooms sharing a spacious bathroom complete the second level. The private dock, capable of accommodating a boat of approximately 65', further enhances the property's allure. Linda Isle stands as Newport Harbor's exclusive 24-hour gated and secured island, providing effortless access to freeways, John Wayne Airport, and the upscale amenities of Fashion Island. With 107 waterfront residences, a tennis court, a clubhouse, and a children's play beach, Linda Isle offers a lifestyle of luxury and leisure. Beyond the confines of this exquisite residence, all the pleasures of Newport Harbor awaitwhether it's swimming, sailing, paddleboarding, kayaking, bike riding, or cruising in a Duffy electric boat to savor the waterfront's restaurants, clubs, and nightlife. This residence encapsulates the essence of coastal living at its finest.
Enveloped by the serene embrace of Belvue Lane, this exquisite coastal sanctuary is a true gem nestled within the idyllic Balboa Peninsula Point. Poised on a generous 4,000 square foot lot, this vintage residence exudes timeless elegance and invites endless imagination. Approaching this coastal haven, a picturesque white picket fence envelops the splendid front yard, adorned with a lush, blooming garden that leads to an inviting Dutch-door entry. Meticulously updated, the sun-drenched living spaces seamlessly flow towards a verdant lawn and a tranquil terrace, gracefully separating the charming two-bedroom cottage from an enchanting separate guest area or home office, all crowned by a welcoming garage. Whether one's vision leans towards restoring the original character of this endearing beachside bungalow or embarking on the creation of an opulent coastal retreat, the allure of Belvue Lane's picturesque promenade orientation is undeniable. A leisurely stroll away, the glistening shores and tranquil bay beckon, while Peninsula Point homeowners relish the offerings of a community racquet club and a neighborhood association bayfront BBQ area with a convenient boat launch. Nearby, the historic Balboa Village unfolds its eclectic tapestry of shops and restaurants, beckoning with its coastal charm. Included in this offering are City of Newport Beach approved architectural plans, artfully crafted by Bill Guidero, and landscape designs by Molly Wood Garden, envisioning a luxurious 3,800 square foot coastal masterpiece.
Nestled within the prestigious gates of Newport Beach's Big Canyon country club and its illustrious golf courses lies this stunning Mediterranean-style gem. This exquisite home boasts 5 spacious bedrooms and 4.5 luxurious bathrooms. Step into a culinary paradise with an island-style kitchen, featuring high-end stainless steel appliances, elegant cabinetry, and premium stone countertops. Entertain in style in the expansive formal dining room, which seamlessly opens onto a beautifully tiled patio - an idyllic setting for hosting guests. The home welcomes you with a grand entry foyer, leading into a sumptuous living room and a cozy family room, each enhanced with a state-of-the-art built-in sound system. The primary bedroom is a haven of relaxation, complete with a lavish jacuzzi tub, perfect for unwinding. The home is equipped with a tankless water heater and dual-zone air conditioning for ultimate comfort. Double glass French doors add a touch of sophistication, while the freshly painted white walls create a bright and airy ambiance. This magnificent property is a rare find and won't be on the market for long. Experience luxury living at its finest in this Big Canyon beauty.
Balboa Island light and bright, highly upgraded home is highlighted by its attractive great room, with sliders that fully open to comfortable street level patio. Residence offers single-story living, featuring beautiful flooring, new paint, updated spacious kitchen with porcelain countertops, new cabinetry, newer appliances and water softening system throughout. Beautiful dual sink bathrooms offer a spa like atmosphere with new fixtures, cabinetry and unique tile flooring and in shower. Main bedroom has ensuite bathroom, walk in closet and private patio. Sparkling clean garage offers one parking space and laundry. This is a special property, professionally designed and organized with ample storage, close proximity to all the island enjoyment of the beaches, shops and restaurants, the Bay, Ferry, water sports and boating.
Welcome to 333 Holmwood Drive, an extraordinary 5-bedroom, 6-bathroom home in Newport Heights. This new construction melds modern aesthetics with meticulous design, tailored for both relaxation and entertainment adorned with a selection of high-end furnishings. The kitchen stands as a culinary masterpiece, featuring top-of-the-line appliances, a spacious island, and generous quartz counter spacea meticulously appointed setting ideal for hosting. Sliding glass doors seamlessly connect the patio to the living room and kitchen, creating a harmonious flow between indoor and outdoor spaces. This design enhances the overall sense of openness and allows for an abundance of natural light to illuminate the living areas. The patio features a jacuzzi, fireplace, BBQ, and lounge area. The pool spa shower adds an extra layer of convenience. Ascend to the rooftop deck, a crowning feature of the residence with a second BBQ and entertainment space, providing direct and unobstructed views of the picturesque Newport Beach coastline. Many rooms within the home boast breathtaking ocean views, with the main bedroom strategically positioned on the upper level for added exclusivity. The main bedroom includes a custom walk-in closet, exemplifying luxury and practicality. Each bedroom serves as a private sanctuary with direct access to a full bathroom with modern fixtures, one being a Jack and Jill layout. There are two bonus rooms that can be repurposed into a home office, gym, or an additional guest suite. Additionally this property is equipped with an elevator for seamless access to all levels, a private laundry room for added functionality and a spacious garage with parking for up to six cars. The garage also offers plenty of storage space, allowing you to keep your living spaces clutter-free. Situated just off Pacific Coast Highway, 333 Holmwood Drive offers close proximity to the Newport Harbor, inviting residents to enjoy the serene beauty of the beach and the vibrant atmosphere of the harbor. The beach and Newport Pier is a short distance, ensuring convenient access to Newport Beach lifestyle, whether it be a leisurely walk, bike, or short car ride. Located close to fine dining establishments, shopping, and Hoag Hospital.
******* OCEAN VIEW ****** OCEAN VIEW ******* OCEAN VIEW.THIS PROPERTY IS LOCATED NEAR BALBOA PIER ON BOARD WALK, LOTS OF RESTAURANTS IN CLOSE VACINITY AND CROSS STREET FROM FUN ZONE.
Welcome to the hidden, exclusive, and welcoming Newport Island. A one-of-a-kind Bayfront two-story single family home, available for stays of 30 nights or longer. CURRENTLY BOOKED FOR 2023. NEXT 30 DAY BOOKING IS AVAILABLE STARTING MARCH 2, 2024. Situated on one of the best locations on the island, the street end location looks out on a picturesque channel view from the spacious and sunny patio as well as master bedroom. A short walking distance to coffee shops, casual and fine dining restaurants, grocery store, convenience stores, unique shopping boutiques, and any amenity imaginable. The private dock offers swimming in the bay, stand paddling, kayaking, and fishing. A a 6 minute walk to the ocean invites you to one of the best beaches in Newport. There is an island public park with swings, slides, and basketball. Come relax in this peaceful and tranquil friendly hidden treasure. LAUNDRY: Stacked washer and dryer.PARKING: 1 parking space included in the one-car garage. (Please note: parking in the neighborhood is not permitted. You will get ticketed or towed!)IMPORTANT: The property is available only Furnished. Access to the dock is permissible for guests, but all boats are strictly off limits to guests; owner use only. Guests renting the property agree to allow the owner(s) of the docked boats to access the dock/boats at any time, by way of the exterior walkway(s), and back patio, without notice.RENTAL RATES MAY VARY DURING THE SUMMER MONTHS (JUNE, JULY, AUGUST)
Wonderful light and bright free standing 3 bedroom, 2 1/2 bath home located in the Bluffs surrounded by Newports Back Bay and nature trails. Beautiful wrap-around patio with roses and camellia bushes opening to a lush greenbelt. The main level features spacious wood flooring living room with a fireplace and French doors opening to private backyard and greenbelt. Formal dining room offers vaulted ceiling and sliding doors to front courtyard. Remodeled kitchen includes granite counters, white cabinets, stainless steel appliances, and lovely garden windows. Spacious family room has French doors for quick access to wrap-around patio and a charming bay window looking out over the greenbelt. Skylights have added to master bedroom and remodeled master bath with walk-in closet for natural light. Additional features include new custom paint, new carpet, ceiling fans, crown molding, mirrored closets, recessed lighting, central air, and a large 2 car garage. Close to Newport Beach Tennis Club, Fashion Island, award-winning schools, parks, and convenient freeway access. Beautiful home in desirable cul-de-sac location.
Introducing 1706 E Oceanfront, a luxurious beachfront oasis in Newport Beach, CA. With stunning views of the Pacific Ocean and a prime location near The Wedge and Newport Harbor. This state-of-the-art home offers the ultimate coastal living experience. Featuring 5 bedrooms, 6 full bathrooms, and 2 half bathrooms, this spacious property ensures comfort for both residents and guests. The oversized lot provides privacy, with no public boardwalk in front. Enjoy panoramic views of Catalina Island, Emerald Bay, Laguna Beach, and the Fashion Island Newport Center Skyline. This new construction masterpiece, completed in July 2019, boasts impeccable architecture by Sinclair Associates. The seamless indoor/outdoor living spaces, created by custom steel windows and sliding panel/pocket doors handcrafted by Riviera Bronze, perfectly capture the coastal ambiance. Inside, you'll find exquisite architectural millwork, custom mahogany solid panel interior doors, and smart home automation for convenience.With remote-controlled shades, French Oak flooring, and a luxurious three- story skylit stairway, this home exudes elegance. Not to mention, a limestone patio offers direct beach access for the ultimate beachfront lifestyle.
Situated on a spacious corner lot in coveted Baycrest, this single-level 4 bedroom residence has been tastefully remodeled to offer modern styling. The sleek kitchen boasts dark cabinetry, stainless steel appliances, gray stone countertops, dark-tile backsplash and a walk-in pantry. The open floor plan offers a living room with gas-burning fireplace, family room off the kitchen and a separate formal dining room. Both the family and living area open up to a large private yard offering a mix of hardscape and landscaping. The master bedroom offers a generous walk-in closet and en suite bath with a spa-like shower. Both the living area and bedrooms have brand new carpet. This comfortable home also offers an oversized 2-car garage, A/C and a laundry room off the kitchen with hookups. Enjoy convenient access to the Back Bays nature trails, local beaches, outstanding schools, world-class shopping, and fine dining.
This bay front property provides a remodel or new build opportunity on Bayside Drive in Newport Beach. This 6-bedroom, 6-bathroom home boasts a generous 4,925 square feet of living space, situated on a spacious parcel spanning 17,588 square feet. The property offers an exceptional 87 feet of bay frontage and access to a private dock capable of accommodating a 60-foot vessel and it's tender. The property presents a unique opportunity for waterfront living with sought after southwest exposure. The home itself features two stories, with the second story offering exceptional views from the deck. This is a rare opportunity to enjoy unlimited access to the highly desirable waterfront lifestyle that so many homeowners seek. More information is available upon request.
Welcome to this stunning recently renovated 2 story home, featuring new kitchen, new bathrooms, and new appliances. This open floorplan end unit offers lots of natural light throughout. Walking distance to local schools and shopping center. Contact me today to schedule your showing!
Grab your beach chair, sun tan lotion and take a relaxing walk to the ocean located just 1.5 blocks away! This remodeled single level home features brand new laminate throughout, stylish kitchen with gorgeous quartz counters, white shaker style cabinets and stainless steel appliances, two bedrooms and one bathroom with shower over tub with sleek white subway tile surround, fresh paint throughout, laundry room of back patio, plus two car tandem driveway parking. At the end of the day you can stroll down to the pier and watch the beautiful sunset and enjoy one of the many fantastic restaurants and great shopping just a few blocks away or simply stay home and take a relaxing dip in your private crystal blue pool!
Location! Location! Location! A wonderful opportunity to live the lifestyle that you have always dreamed of in this gorgeous 3-bedroom, 2 full bath and Rooftop, entertaining guests or yourself with ocean view. This property is completely rebuilt, single level, lower condo unit located on the Newport Peninsula. It is located one block from the beach. This home has complete renovation with attention to every single detail. New stainless-steel appliances, new laminate flooring, new bathroom vanities & toilets, new doors everything is new with extremely high-end finishes. There is separate laundry room and 2 cars parking garage. Easy access to all the amenities that Newport Beach has to offer, including shopping, restaurants, bike riding on the boardwalk, surfing, and visiting the pier. Lets enjoy this years Christmas and New year party with a barbecue on the rooftop of this home.
Luxury Live Auction! Bidding to start from $4,000,000! Welcome to Newport Island! This 3 bed / 3 bath home is in the absolute BEST location in Newport to be on the water while enjoying the calm seclusion and privacy of a small community. This home is located at the center of what everyone comes to Newport for. Located on Newport Island, the home is not deep on the peninsula so you have quick access in and out of the area even on busy beach days, while being within walking distance from the sand, Lido Marina Village, and too many bars and restaurants to count. The home offers floor-to-ceiling accordion doors off the living room that open out to a deck right over the bay as well as your private dock providing seamless enjoyment of the beautiful, peaceful surroundings. With bay views from almost every window and high-end upgrades throughout, this home provides a luxury retreat atmosphere all year round.
This ground level suite is part of a 3 tenant single story brick office/medical building. It is part of the Newport Corporate Plaza office complex at Teller between Campus and Birch. It is located across the street from the Harbor Justice Center and Courthouse. It is also 1 block to the new UCI Hospital and is around the corner from new Hoag outpatient center. It is close to the 405 and 73 Freeways and John Wayne airport. Entire building was renovated in 2018 with more than $1million in improvements. New roof, new AC and all new restrooms and lobby. New solar system for entire building installed Nov. 2023. Outdoor patio area for tenants, free parking, building signage, Newport Beach address. The space can be used for office or medical use. Double door entry, high ceilings, kitchen in suite. Available Feb/March 2024. 3-10 year lease. This is a Full Service Gross Lease, all utilities included. 24 hour security camera system and keyless entry system. Janitorial included 5 days per week. Improvements available.
Your opportunity to live in this unique beach home with a pool in Corona del Mar. Sit on the balcony and enjoy the stunning panoramic ocean views. Skyline ceiling, big windows, lots of natural light. Just steps away from the ocean. 2 bedroom with a 3rd room which can be used as an additional bedroom, and separate office. Best location to call home.
Beautiful 1 bedroom 1 bath condo in the gated Versailles community in Newport Beach. Walking distance to the sandy beaches, this unit sits on a bluff above PCH. This light and bright unit has been tastefully upgraded with stainless steel appliances, granite countertops, remodeled tile in the shower, and has a large walk-in closet. Versailles is a securely gated community with an assigned parking space in the subterrain parking along with a large, oversized storage closet. There are also indoor laundry facilities and has convenient elevators or stairs from parking directly up to the unit. Ample guest parking spaces just outside the building. This resort like gated community has multiple swimming pools, spas, clubhouse, fitness center and sauna located just minutes to Sunset Ridge Park, Newport Beach, Balboa Island in Newport Bay.
121 Diamond presents today's buyers with various options. The existing duplex could be remodeled and enjoyed for many years to come with either a modest budget or a high end budget. The existing front main home features 2 bedrooms and 2.5 bathrooms, but could be easily converted to a 3 bedroom main home. The rear 1 bedroom unit sits above the 2 car garage and separate parking space facing the rear alley. One could potentially convert the two units into one single family home with 4 or even 5 bedrooms without adding square footage. Alternatively, many buyers are looking for a special lot to tear down the existing building to create the Balboa island home of their dreams from the ground up. Whatever you decide to do with it, you'll love this wonderful location just down the block from the water. Homes in this price point sell instantly, so you'll want to see this one right away. According to City of Newport Beach website: Short-Term Lodging is allowed subject to zoning compliance, but there is not currently an active permit. Both the main home, and the 1 bedroom apartment have fantastic old Newport character and charm, with high vaulted ceilings on the second level.