subject: Buying Waterfront Real Estate In Newport Beach [print this page] Famously known for the Wedge down in the Balboa Peninsula of California, Newport Beach is home to many people who enjoy the challenging waves and the calming beaches that run down the Pacific Ocean shoreline in California.
As part of the famed Orange County, the area is a mix of tourists, businessmen, and residents due to its scenic location, miles of boardwalk, and the gentle warm temperatures that make the sunny location one of the most idyllic locations in America to settle down in.
Due to the fact that the communities of Newport Beach basically embody the American dream, it is not hard to understand why waterfront real estate in the region has not been harmed by the economic downturn even as property prices continue to fall across the country.
The simple truth of the matter is that since most homeowners and condo owners are able to pay upfront for their accommodations there is rarely any debt left on the property to cause the waterfront residences to decrease in value.
This makes many of the small communities of the area some of the best to invest in across America because the money that you put into the property will more than likely stay safe even as the rest of the property market falls apart.
In addition, there are two options for property investment in Newport Beach, personal and business because rental popularity in the seaside area is still in high demand allowing you to turn over a large potential profit in the rental market. Of course, you can use the property yourself while vacationing in the Newport area or even consider simply investing in a home and settling down in an area that is not familiar with rain, stress, or the rest of the economic turmoil that is depressing most Americans. After all, it is hard to feel depressed when the sun is always out, the waves are crashing, and the sandy white sand melts away under your feet.
Dependent on your final use for the property there are plenty of options available when it comes to purchasing waterfront real estate in Newport Beach. For instance, those who plan to reside in the area may enjoy the gated very exclusive community of Linda Isle where every home sits on the bay and exclusivity is a part of daily life.
Others may enjoy the island life that the Bay Island offers along with its high price tag that allows you to truly enjoy the lap of luxury like the stars of Hollywood and the stars of Silicon Valley. On the other hand, for potential renting income the small beach cottages that offer an authentic historical feel along Beacon Bay are hard to beat.
