Living the Island Life on Balboa Island
Balboa Island is a man-made island nestled in the heart of Newport Harbor, offering an idyllic coastal lifestyle. The island is known for its relaxed, friendly ambiance and strong sense of community. Residents enjoy strolling along the waterfront boardwalk that encircles the island, dining at charming local eateries, and browsing the unique shops and boutiques along Marine Avenue.
The island’s prime location provides easy access to Newport Beach’s beautiful beaches, world-class golf courses, and the upscale shopping and dining at Fashion Island. Balboa Island is also just a short ferry ride away from the Balboa Peninsula, home to the historic Balboa Pavilion and Fun Zone amusement area.
Explore Balboa Island homes for sale with the Stavros Group, top Newport Beach luxury realtors.
Balboa Island Homes For Sale: A Buyer’s Guide
Balboa Island real estate consists primarily of single-family homes, ranging from original 1920s beach cottages to newly built luxury residences. Many homes boast water views or are situated directly on the bayfront, offering private docks and stunning vistas of Newport Harbor.
While Balboa Island is a relatively small community, there are several distinct neighborhoods to consider:
- Little Island: Located on the north side and known for its charming, narrow streets and cozier homes
- Collins Island: An exclusive gated community with just 8 waterfront homes
- The “Interior”: Non-waterfront homes on the island’s inner streets, which tend to be more affordable
Whether you’re seeking a turnkey property or a home to renovate and make your own, our experienced Balboa Island real estate agents can help you find the perfect fit. Browse our latest Newport Beach and Balboa Island homes for sale to view active listings.
Many Balboa Island properties feature expansive windows showcasing picturesque harbor vistas.
Balboa Island Real Estate Market Trends
The Balboa Island housing market remains highly competitive due to the island’s limited inventory and enduring allure. In Q1 2024, the median home sale price on Balboa Island was $4,650,000, a significant 22.4% increase year-over-year. (Data via CA Regional MLS)
An uptick in new listings, active listings, and pending sales in early 2024 points to a strong spring selling season ahead. While rising mortgage rates have impacted affordability, continued high demand and well-funded buyers, bolstered by a thriving stock market, are expected to keep Balboa Island real estate activity afloat.
As one of the top luxury real estate teams in Newport Beach, the Stavros Group has the pulse on the latest Balboa Island market trends. Reach out to us for an in-depth market analysis and let’s discuss your real estate goals.
Enjoy the ultimate in indoor-outdoor living with Balboa Island’s exceptional waterfront homes.
Your Balboa Island Real Estate Experts
With its irresistible charm and prime location, Balboa Island is one of Newport Beach’s most sought-after neighborhoods. Allow the Stavros Group’s experienced luxury realtors to guide you through the Balboa Island real estate market. We’ll help turn your dream of owning a slice of island paradise into reality.
Andy Stavros
DRE #: 01408840
Phone: 949.290.0139
Email: andy.stavros@elliman.com
12 Corporate Plaza #250, Newport Beach, CA 92660
