The median home value in Newport Beach, CA is $2,675,000.
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 $2,675,000.
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!
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A rare and unparalleled opportunity arises with the offering of Sugar n' Spice, an enduring symbol of Balboa Island's rich history and community spirit. Established in 1945, this beloved property has stood the test of time, serving as a beacon of nostalgia and culinary delight for nearly eight decades. From its humble beginnings, Sugar n' Spice has woven itself into the fabric of the island, becoming a cherished destination where locals and visitors alike gather to indulge in its signature treats, including Balboa Bars and chocolate-dipped frozen bananas.Beyond its culinary offerings, Sugar n' Spice holds a special place in the hearts of the community, serving as a backdrop for countless memories and shared experiences. Generations of families have frequented this beloved landmark, forging connections and traditions that span lifetimes. With its timeless charm and storied history, Sugar n' Spice presents a unique opportunity for discerning buyers to own a piece of Balboa Island's heritage and continue the legacy of this treasured establishment. The property is mixed-use and offers a great residential unit in the rear of the building. Recent visual upgrades for this expansive three-bedroom and two-bathroom property include new paint, new lighting, new luxury vinyl plank flooring and a new roof. Things that are important also to a prospective Buyer that you might not see are the hardware & lining of the wastewater pipes were replaced and redone, as well as newly replaced drainage pipes in the front shop were also recently completed. The property is being sold in conjunction with the sale of the business through a private attorney.Both the front shop and back unit are both used by the current owner, so there is no lease history. However, based on the comparables on Marine, the current back residential could rent for $4850/month. The last commercial lease on BBI on Marine was at $15.29/square foot, comping this out at $6000/month for the front shop.
A RARE OPPORTUNITY TO OWN!! A 32,286 SQ FT LOT LOCATED IN THE HIGHLY SOUGHT OUT AREA OF NEWPORT BEACH, OFF PCH AND SUPERIOR AVE, IS NOW AVAILABLE FOR PURCHASE! IT CURRENTLY HAS A 10,000 SQ FT MEDICAL BUILDING, 6 UNITS TOTAL, WITH TWO AVAILABLE UNITS, 2 & 3 (SIDE BY SIDE), UNIT 1 & 4 ARE CURRENTLY ON A MONTH TO MONTH LEASE, UNIT 5 & 6 ARE LOCATED IN THE TWO-STORY SIDE OF THE BUILDING AND ARE IN A LEASE. THE LOT IS CURRENTLY ZONED FOR MEDICAL COMMERCIAL USE. THE LOT WAS ORIGINALLY ZONED AS A MULTIPLE UNIT RESIDENTIAL (RM 18 DU/AC). ON DECEMBER 8,2011, AMENDMENTS TO THE GENERAL PLAN AND ZONING MAP TO CHANGE THE LAND USE DESIGNATION FROM (RM 18 DU/AC) TO MEDICAL COMMERCIAL OFFICE (CO-M 0.49 FAR); AND CHANGE THE ZONING DISTRICT DESIGNATION FROM MULTIPLE UNIT RESIDENTIAL (RM2420) TO OFFICE MEDICAL (CO-M 0.49 FAR) WERE INITIATED BY THE OWNER, WHO SOUGHT TO CONTINUE THE EXISTING OFFICE USE OF THE PROPERTY. THE LAND USE MAY BE REZONED TO ITS PRIOR USE, WITH FUTURE POSSIBILITIES TO BUILD MORE HOUSING, OR A RESIDENTIAL CARE FACILITY, CONVENIENTLY LOCATED CLOSE TO THE BEACH, WITH PARKS NEAR BY, NEWPORT HARBOR, BALBOA BAY AND IS CONVENIENTLY LOCATED DOWN THE STREET FROM HOAG HOSPITAL. IT MAY ALSO REMAIN IN ITS CURRENT ZONE USE, WITH RENOVATIONS TO THE EXISTING BUILDING, MAXIMIZING ITS MEDICAL USE POTENTIAL FOR HIGHER REVENUES.
This landmark mixed-use property in a prime Newport Beach location includes a commercial condo (formerly occupied by a prestigious law firm) and 2 residential condos with panoramic ocean and coastal views. All 3 units are condo mapped with separate Assessor Parcel Numbers (APN) and are separately metered for gas, electric and water. The street frontage offers ample signage opportunities especially from high traffic Newport Blvd. The commercial space at 326 Old Newport Blvd features a gated parking garage (11 parking spaces per Newport Beach Planning), elevator, A/C, granite and upgraded wood floors and is currently configured with offices, glass-walled conference room, kitchenette, two restrooms and storage rooms. The commercial space will be delivered vacant. The residential units located at 321 & 323 Holmwood Dr - are each 2 bedroom, 2 bath condos with private 2 car garages and are over 1350 sqft each. The updated units feature panoramic ocean view balconies, A/C, in unit laundry room. This prime Newport Beach location is directly next to the new USC Keck Medical Center and across the street is award-winning Hoag Hospital Newport Beach. Newport Beachs fine dining, shopping, entertainment, beaches and bay are a moment away.