Newport Real Estate News - Balboa Island Homes
Balboa Island is a lovely place to call home located in the middle of the Newport Bay which is one of the largest pleasure yachting harbors in the world.
Balboa Island is actually made up of 3 artificial islands - Balboa Island, Little Balboa Island and Collins Island. In 1916, Balboa Island became part of Newport Beach.
Balboa Island is connected to the mainland by a two lane bridge off of Jamboree on the northeast of the island. On the opposite side of the Island, access is via the Balboa Ferry which operates three private ferries to and from the island 7 days a week providing a lovely trip on the Newport Bay for a nominal fee. The ferry carries cars, pedestrians and bicycles throughout the year. Ferry passengers are taken from Balboa Island to the Balboa Fun Zone an area with arcades, restaurants, shops, a ferris wheel, merry go round, boat rentals and other attractions.
Between 1908 and 1909, waterfront lots were selling between $350 and $750, with rumors that were sold for as little as $25. A far cry from today, when even in a "down" market, the homes sell from just under $1.4 million to just under $10 million. To see a list of homes currently for sale on Balboa Island, please see Balboa Island Homes for Sale.
The current Balboa Island Market Report is below:
Unlike other areas of Newport Beach, Balboa Island appears to still be more of a seller's market than a buyer's market, probably because of the limited number of homes available.
For more information about homes on Balboa Island, please contact Christine at 714.319.9751.
Please see the homes for sale on Balboa Island below:
Real Estate Market reports for other Orange County areas:
Mesa Verde Costa Mesa Real Estate Report
South Coast Metro Costa Mesa Homes
Huntington Beach Real Estate News
Fountain Valley Real Estate News
Balboa Peninsula Real Estate Report
Newport Heights Real Estate News
Balboa Island Real Estate News
Newport Shores Real Estate News
Newport Crest Real Estate News
Originally published at Balboa Island Real Estate News
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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.
Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.
If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes. Click the link if you are interested in buying a home at a courthouse auction sale.
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Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.
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