Home for Sale at 20 Balboa Coves, Newport Beach, CA 92663

20 Balboa Coves
Newport Beach, CA 92663

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Property Details

List Price:	$10,995,000
Beds:	5
Baths:	5
Status:	Active
SqFt:	3753
Agency:	EQTY Forbes Global Properties

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Description/Comments

Lot Size:	3,888 sqft
Property Type:	Residential
Year Built:	2025
Notes:	Welcome to one of Newport Beach's iconic trophy properties on the waterfront! An incredible opportunity awaits beach and bay water enthusiasts in this brand-new construction home. Its location is just a 5-minute bike ride to Lido Marina and the beach, with close proximity to the world-famous Wedge. This cutting-edge smart home, designed by renowned architect Craig Hampton and built by RDM contractors, is meticulously crafted. The house has European white oak floors throughout, top-of-the-line Wolf and Sub-Zero appliances, and a variety of luxury natural stone and tile finishes with oak & T&G ceilings. The talented team at MID Interior Design ensures a cozy interior that truly feels like home. The property is situated on the water, with a -10-minute walking distance to the beach and Lido Marina. This new construction home offers customizable smart features to enhance your daily life. Located in a gated community in Balboa Coves, this property offers close proximity to freeways and quick access to the beach, Lido Isle, and Fashion Island. Plus, within the private gated community, residents enjoy amenities such as a dog park and playground for kids. Featuring approximately 3753 square feet of living space and over 5000 square feet of living space with a garage and decks, on an EXTRA WIDE lot measuring 3888 square feet, there's plenty of room for your family to thrive. Step inside this stunning new construction residence and be greeted by a spacious interior. The home boasts 4 bedrooms and 4.5 bathrooms, ensuring everyone has their own private space. With three-car parking, parking will never be an issue for you and your guests. You'll also find a private rooftop deck with a bonus bed/bathroom, perfect for entertaining or simply enjoying breathtaking panoramic views of the surrounding area. Imagine having direct access to the serene waters of the bay, with your own oasis to dock a boat of up to 35 feet. Whether you're a boating enthusiast or simply appreciate the tranquility of a waterfront lifestyle, this feature will undoubtedly enhance your daily life. Don't let this incredible opportunity slip away. Embrace the beach and bay water lifestyle you've always dreamed of by making this exceptional new construction home yours. Act now and start creating unforgettable memories in this idyllic setting. The property is under construction and is set to be completed in January 2025. Inquire to call and customize some of the features of the home.
MlsNumber:	NP24088474

Listing Provided By:	EQTY Forbes Global Properties, original listing
Name:	EQTY Forbes Global Properties
Phone:	(949) 375-7405
Office Name:	EQTY Forbes Global Properties
Office Phone:	(949) 438-4908
Agent Name:	Brian Liberto
Disclaimer:	Copyright Â© 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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