The larger of these communities, Newport Beach, seems to have it all. Founded in 1906, it is an upscale community with over 86,000 residents. The area offers extraordinary shopping and dining as well as a thriving business community and award winning schools. Newport Beach is known for its villages; Corona del Mar, Balboa Island, Lido Marina Village, Newport Center, Newport Coast and The Islands of Newport Harbor. The city’s median family income and property values consistently rank high nationally, making Newport Beach one of the wealthiest communities in California.
Newport Beach’s harbor is crowded with pleasure crafts, fishing and
tour boats and its streets are busy with shoppers browsing at the
Fashion Island mall. Tourists enjoying strolling around Balboa Island
and the surfers love tackling The Wedge or other hot spots along the
city’s 6.2 miles of beaches. Homes in Newport Beach are generally
pricier than its neighboring beachside communities.
Many say that Newport Beach is the heart beat of Orange County. There
is no denying that Newport Beach has an active pulse of activity which
attracts both young and old. People flock here to enjoy the
extraordinary weather, a natural harbor which doubles as the largest
pleasure craft harbor in the United States, high end retailers, world
class dining and of course prime Newport Beach real estate!
Considered the “Beverly Hills of Orange County, Newport Beach which hugs the California coast 40 miles south of Los Angeles is impressively affluent. It has being ranked as America’s wealthiest city! With a population above 75,000, it leads the other 420 US communities with similar population in per capita income. There is no question that because of its affluent base, Newport Beach real estate has weathered a variety of market changes well and remains a sort-after place to live and do business in. The median value of Newport Beach homes tend to exceed $1 million.