Balboa Peninsula/Peninsula Point
One of Orange County’s most distinctive and beautiful beach communities, Balboa Peninsula and the 600-home Peninsula Point neighborhood at its tip offer residents a relaxed lifestyle and often breathtaking views of the beach, bay and ocean. Referred to as “the peninsula” by locals, the three-mile stretch has Newport Harbor on one side and broad, sandy beaches on the other.
Kim Bibb, a real estate agent who specializes in the community – and a longtime resident – said the peninsula, although a residential area, “has all the desirable features of an oceanfront resort.”
Residents indeed feel like they’re staying at a resort, what with the private tennis club, local yacht clubs, numerous restaurants and night spots, and rental outlets for sailboats, paddleboards and electric boats.
E.J. Louis, one of the area’s first real estate developers, chose the name of Spanish explorer Vasco Nunez de Balboa for the community. The Balboa name is reflected in the peninsula’s many famed sites: Balboa Pier, Balboa Inn, and the historic Balboa Pavilion.
Calling the area “the quintessential beach town,” Bibb noted the advantages of being a realtor who’s also a resident: “I live here and love the lifestyle so I can share what it’s like to live here with prospective buyers.”
ACTIVITY, RELAXATION, PROXIMITY
Bibb touted the community’s active lifestyle, which includes running and paddle sports, but also how relaxed it is, what with boating, yoga, and many leisure activities. She also trumpets the ideal nature of living on the peninsula, born of its unique topography.
“You’re always in close proximity to the bay and the ocean,” she said. “The peninsula is at most only three or four streets wide, so even if you’re in the interior, you’re close to everything.” That includes all kinds of harbor- and ocean-based sports and activities – “plus, you can walk over to the Fun Zone or take the ferry to Balboa Island.
Bibb said pent-up demand among buyers eager to purchase a primary or vacation home in the sought-after community are pushing prices continually upward.
Some “great opportunities” currently on the bayfront include a fully turnkey four-bedroom, all-in suite on East Bay selling for $7.395 million. Another opportunity is a rare multiple lot parcel sitting on 127 feet of bayfront with a fabulous home constructed in 2006. Bibb said the lot is 12,000 square feet and has a pool, large dock, yard, and 68,000 square feet of living space.
Prices currently range from $1.999 million to $24 million. There is currently a great deal of new construction on the Peninsula both by homeowners re-building their homes and speculative builders building for re sale. For information on any of these properties please contact Kim Bibb at 714-396-0185.
Villa Real Estate