In the heart of Newport Harbor lies an enchanted community like no other on the West Coast. Balboa Island is a unique community that consists of three separate islands referred to as the Big Island, Little Island, and Collins Island. Collins Island received its name from William S. Collins, who essentially was the founding father of the island. In 1902, Collins purchased the land which would ultimately become Balboa Island. This purchase also included what is now Lido Island, Harbor Island, and much of the Balboa Peninsula for an undisclosed amount. Collins witnessed all the recreational potential the area offered, and the rest is history. Today, the island boasts a great collection of restaurants and quaint shopping boutiques that line Marine Avenue, the heart of this community.
Balboa Island offers some of the finest, most remarkable real estate opportunities in all of the United States. Featuring an eclectic array of properties, ranging from a stylish custom Cape-Cod home to a newly built, contemporary waterfront property on the main channel with a private dock, there is something for everyone here. Surrounded by the scenery of Newport Harbor, Balboa offers a setting that attracts visitors all year long. A pedestrian walking path encompasses the island showcasing waterfront views that are unmatched anywhere in Southern California. The energy is incredible year-round, from the summer months to the Christmas season. The Newport Beach Christmas Boat Parade brings thousands to the island annually to experience a tradition that has been in the community for over 100 years. Visitors witness some of the largest boats in Newport Harbor parade down the main channel showcasing their finest holiday displays.
The individual streets of Balboa Island feature names of precious gemstones, much like the homes that line these streets. To name a few, streets like Diamond Ave, Ruby Ave, Onyx Ave, Emerald Ave, Amethyst Ave and Pearl. This community has a unique small-town feel and carries its own identity aside from Newport Beach, which is one of many reasons why it is one of the most sought-after places to live. Many locals feel like they are living in their permanent vacation homes throughout the year, making this the place to be.
This result is why Balboa Island has carried a median sale price of around $3.5 million the past two years and several other homes have sold over the $5 million price point. The island is minutes from world-class shopping at Fashion Island and easily accessible from Pacific Coast Highway or the Peninsula via the Balboa Island Ferry. No other community in Newport Beach has the same atmosphere as Balboa Island.