Newport Beach Real Estate Statistics
| Average Price | $2.7M |
|---|---|
| Lowest Price | $0 |
| Highest Price | $40M |
| Total Listings | 382 |
| Avg. Days On Market | 103 |
| Avg. Price/SQFT | $919 |
Property Types (active listings)
The City of Newport Beach was incorporated September 1, 1906, but the story picks up some years earlier in 1870 when a 105-ton steamer named The Vaquero, safely entered what would become Newport Bay. Some sources say “The name 'Newport' was suggested by a Mrs. Perkins,' according to Ellen Lee”, while others say the city was named when “James Irvine, after hearing the astonishing news [about the ship’s arrival], quickly traveled from his home in San Francisco to the San Joaquin Ranch. Meeting in Irvine's ranch house near current day UC Irvine with his brother, Robert Irvine, and friend James McFadden, they all agreed that the newly found port should be named simply, ‘Newport’ thus where Newport Beach gets its name.”
Whether either attribution is correct, one thing is certain - James McFadden and his brother, Robert, became integral figures in the early organization and development of Newport Beach. The McFaddens built Newport’s first wharf, oversaw the development of a rail line that ran to Santa Ana, and created a small town known as “Newport Landing”. They acquired more land in 1896, enlarging their holdings, but ultimately they sold most everything off to new interests in 1902.
New vitality arrived with the arrival of the Pacific Electric’s “surf line” down the coast from Long Beach in 1905. New subdivisions opened around the area, including Corona del Mar and East Newport and the creation of seven of the eight islands located in Newport Harbor began in earnest – Balboa Island, Collins Island, Harbor Island, Lido Isle, Linda Isle, Little Balboa Island, and Newport Island. Bay Island is one of the only islands that wasn’t created from dredging the bay.
Fast forwarding 100+ years and Newport Beach is recognized world-wide as a first class destination for beachgoing, surfing, boating, yachting, shopping and, of course, living. Newport’s borders include Corona del Mar & Newport Coast to the south and ownership of several miles of cliff- & bayside terra firma that was once hotly contested by neighboring cities for control.
It is beyond the scope of this space to enumerate the options in Newport, but suffice to say there are many – there are multifamily investment opportunities, there are age-restricted condominiums, there are gated neighborhoods, historic homes and oceanfront estates that seem peeled fresh off the pages of the latest edition of Architectural Digest.
If you are looking for something special, call Jesse today at (949) 292-9786 and let's dig into Newport Beach together and explore everything it has to offer.
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Newport Beach Listings
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Newport Beach Living
- Newport Beach is located along the sun-dappled coastline, next to Costa Mesa, Huntington Beach, Irvine and Corona del Mar.
- A first-rate harbor, gorgeous beaches, excellent schools, fab bayfront & oceanfront homes, world-class shopping destinations and fine dining are all hallmarks of Newport Beach.
- Newport Beach - another one of the earliest settled communities in the county - is home to Newport Harbor which is one of the West Coast's largest recreational harbors.
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