Location, Location, Location: Newport Beach
May 1, 2005
In the southernmost reaches of
Newport Coast near Laguna Beach,
Crystal Cove is offering 131 custom
homesites, some measuring nearly one acre;
prices range up to $5
million. In addition to offering ocean views, the
development is next
to 3,674 acres of permanently protected land. Along with
earlier
developments at Pelican Hill and Pelican Crest, Crystal Cove will
continue to expand the demographics of Newport Beach. “With all of the
publicity
surrounding Newport Coast, we have many new international
buyers,” Wright says.
“People who don’t know Harbor Island know Pelican
Crest. There is, for instance,
a healthy mix [of buyers] coming from
Europe and Asia.”
For those with more
urban tastes, McMonigle
has developed the loft-style Monarch Building in a
mixed-use area near
the top of the peninsula. Architect Chris Light has created
a
multilevel living and working space with 14-foot ceilings in the living
areas. The two units not yet sold are listed at $799,000 and
$1.895
million. “I think there’s a good demand for the product,”
McMonigle says. “It’s
close to the bay, the beach, Lido Village and
restaurants.” It is a novel
concept for Newport Beach real estate,
which of course makes it just
right.
facts & stats
• Setting Sail: With the largest harbor for small yachts in the world,
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Newport plays host to plenty of
yacht clubs: Bahia Corinthian Yacht Club,
949.644.9530, www.bcyc.org; Balboa Yacht
Club,
949.673.3515, www.balboayachtclub.com; Lido Isle
Yacht Club,
949.673.5119, www.lidoisleyachtclub.org; and
Newport Harbor
Yacht Club, 949.673.7730, www.nhyc.org. Not ready to buy your own sailboat?
Lease one from the Windward Sailing Club, 949.675.9060, www.windwardsailingclub.com, or cruise
the
harbor in an electric boat from Duffy Boats, 800.645.1044, www.duffyboats.com. For
almost 100 years,
the Newport Harbor Christmas Boat Parade has
celebrated the season with gaily
decorated watercraft—from yachts to
skiffs and canoes—that cruise a 14-mile
route on five mid-December
evenings. (Click image to enlarge)• Not Quite The OC: While the Fox television show has raised the profile of Newport Beach and Orange County, producers filmed The OC’s pilot two hours north in Malibu; much of the show is shot in Los Angeles County.
• Taking Off: Newport Beach is still proud of its most famous resident—John Wayne—and named the airport for the late actor. Full services are available for private jets. Although noise restrictions prevent commercial carriers from taking off and landing during the wee hours, the noise nevertheless prompted a proposed move—which never happened—to shift traffic to a South Orange County airport.
• Realtor 101: Crystal Cove, 866.208.9000, www.irvineranch.com/crystalcove; John McMonigle, Strada Properties, 949.640.3604, www.johnmcmonigle.com; Shady Canyon, 888.708.8450, www.shadycanyon.com; Zackary Wright, Sotheby’s International Realty, 949.644.9200, www.sothebysrealty.com
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